Financial Advisor Northampton

Most of us will likely seek financial advice more than once during our lifetime. These situations usually arise when your life is about to change, and you face important, major decisions.

For example, getting married or starting a family. Getting divorced or becoming widowed. You may be facing redundancy or planning a career change. Or maybe, you could be about to receive an inheritance, redundancy or compensation payment.

On the other hand, many of us struggle to manage our day-to-day finances properly. A financial advisor Northampton can review your finances and provide a fresh perspective on your entire financial position. They can provide you with help and guidance on how to manage your money more effectively.

• Help and guidance on investing and saving money
• How to use your income and savings in the most tax-efficient way
• Financial planning when saving for a home, children's future education or starting a business
• Starting new pensions and retirement planning
• How to access your pension income in the best way to ensure a comfortable retirement

 

Expert financial planning and advice can be priceless when you are facing certain life events. Also, life can be far from predictable at times, and when you least expect it, things happen that change everything. Often at these times, getting the right financial advice can help and make all the difference.

All financial advisors provide similar services. Above all, their role is to help you improve your financial position. Firstly, they will look at your personal situation and your financial goals. They will then present solutions that match your needs. Advisors fall into two categories: restricted or independent.

Independent advisors (IFA's). They can offer a broad range of financial products from the whole of the market. However, they may charge higher fees than restricted advisors.

Restricted advisors. They can usually only recommend products from their own network. Therefore, they can only offer a smaller range of products. But, in some cases, their fees may be less than those of an IFA.

The FCA regulates both types of advisors. You can quickly and easily check online to confirm that an advisor appears on the FCA register. As already mentioned, the FCA regulates all the advisors we work with.

The FCA sets out very high standards to protect consumers when it comes to financial services. And they will hold firms to account if they do not meet these standards.

Many advisors these days offer remote video meetings as they are much more time-efficient and convenient for both parties. However, some do still prefer face-to-face appointments. We aim to find an advisor close to you, whatever you prefer.

Firstly, the financial advisor Northampton will conduct an initial meeting with you. The advisors usually provide initial meetings free of charge. The advisor will discuss and assess your financial situation. As well as what you are looking to achieve and your financial goals. At the same time, it gives you the chance to get to know them and find out what they can offer.

After the first meeting, the advisor suggests options tailored to your situation. They will also demonstrate how you stand to benefit from taking their advice. In addition, they will explain their charges and fee structure.

Then, if you decide to select them as your advisor, they will arrange regular reviews. These ongoing reviews are at intervals that you choose and that suit you. Therefore, having an advisor nearby can sometimes be helpful.

A financial advisor Northampton can provide advice on many subjects. Below are a few basic details on some main things a financial advisor in Northampton can provide advice on. 

• Pensions: Setting up and managing personal pensions. Accessing your pension and how best to take your retirement income. Also, reviewing and combining old under-performing pensions.
• Final Salary and defined benefit pensions: If you have this type of scheme with a value of over £30,000. You must get financial advice. Hence, you will need a suitably qualified advisor when you want to access your pension and retirement income.
• Financial planning: How to make sure you use your income, savings and investments as efficiently as you can. Ultimately, helping to make sure that you reach your future goals as soon as possible.
• Investing: Finding the best investments to achieve as much growth as possible. Tax-efficient investing. Investing to produce passive income. And, how to build a mixed investment portfolio.
• Insurance and protection: Finding the best insurance products at the best price on the market. For example, income protection, critical illness cover, life insurance and much more.
• Inheritance tax: How to protect your family wealth from the taxman. Leave an inheritance whilst avoiding or reducing the amount of IHT your heirs may face.

 

So, if you are looking for advice on any of the above, it is an ideal time to find a financial advisor in Northampton.

Financial advisors provide a service, which, of course, they charge for. You must expect to pay for the financial advice they provide. In addition, there could be extra fees for sourcing certain products.

The advisor's fees will depend on several factors. Such as the amount of time and work involved, what sort of advice you need, and often the value of the assets.

Advisers often charge between 1% and 3% of the total value of assets. For instance, large lump sum investments or a total pension fund. Advisors usually charge lower percentages for larger asset values. Therefore, higher fees may apply for smaller asset values.

All advisors should discuss their fees upfront if you ask. You should weigh up the potential benefits versus the costs before you proceed. Many advisors may be open to negotiating fees, so there is no harm in asking.

Most advisors will offer ongoing financial advice and services, but this is not everyone's choice. You may want advice on a specific financial matter, whereas you need to consult a professional.

In this case, you can request one-off financial advice, which is a flexible option offered by most advisors. It means you can get advice exactly when you need it without having to commit to ongoing services. If this is what you are looking for, check with your selected advisor first.

Finding a suitable financial advisor Northampton can take a lot of time and research. That is where we can help, saving you valuable time. We always aim to find a financial advisor close to you whenever possible.

Please feel free to browse through our tips and guides for useful help and information. In addition, we have a handy range of financial tools for you to use.

To date, we have successfully booked over 8,000 financial advisor appointments. Also, remember the FCA regulates and authorises all our advisors. So, you can rest assured, you will receive the best financial advice available. All in all, Regulated Advice makes it extremely easy to find a suitable financial advisor in Northampton.