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Financial Advisor Southampton

Need a financial advisor near Southampton? We’ve got you, we listed everything you need to know before you talk to one. For more help, take a look at our tips and guides or our financial tools to help you.

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Financial Advisor Southampton

Searching for a financial advisor in Southampton

Before starting your search for a financial advisor in Southampton, consider the following.

  • What specific local experience does the advisor in Southampton have?
  • What are their fees, and are they reasonable?
  • Do I need anything before the initial meeting?
  • What areas of advice are you looking for?

How and where to start

A financial advisor will conduct an initial meeting, usually free of charge. This gives them a chance to get to know what your current and future goals are. Furthermore,  it also gives you a chance to get to know them. Following the initial meeting, the advisor will provide you with recommendations tailored to your means. If you choose to appoint them as your advisor, they will conduct regular reviews. These reviews are at intervals that suit you, but we suggest you meet at least once a year. Above all, the advisor will explain the benefits of such reviews. Therefore, having an advisor who is local to you can be convenient.

Pension advice

The most common company pension types are:

  • Group personal pension schemes.
  • Occupational schemes.
  • Auto-enrolment schemes.

 

These schemes allow you to accept to 25% of your pension as a tax-free lump sum. You can also enter a money purchase arrangement upon retirement. This includes income drawdown or annuity purchase. Therefore, it is an excellent time to appoint a pension advisor in Southampton. Also, you can ensure their fees align with those of other advisors.

Key areas of advice by financial advisors covering Southampton

  • Investment and savings: Advisors can often access investment products that are not always available on the high street.
  • Financial Planning: A financial advisor can help evaluate your financial objectives.
  • Insurance and Protection: Offering a wide range of protection products. These range from funeral cover to critical illness cover.
  • Inheritance Tax Planning: Avoid or reduce any IHT your heirs may face.
  • Final Salary Pensions: In the UK, if you have a pension over £30,000, it is mandatory to seek financial advice.

Contact us for a financial advisor in Southampton

In 2024, we connected more than 12,000 clients with financial advisors. We have listed over 250 advisors covering almost every city in the UK. As such, we aim to find an advisor close to you. They can assist you with every aspect of financial advice. All our advisors are authorised by the FCA. They will be able to give you sound financial advice. So, finding an advisor near you could not have been made any simpler than at Regulated Advice.

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Frequently asked questions

How much is it to see a pension advisor?

If you appoint a financial advisor to review your investment or pension portfolio, you may be charged a fee based on the total value of the funds. Typical percentages range from 1% to 3%. For complex cases, such as a final salary scheme, a fixed fee can be agreed upon before giving advice. Some advisors may charge you an hourly rate for certain specific services, such as calculating pension lifetime allowances.

Do I need a financial advisor?

If your pension pot is more than £30,000 and is a defined benefit scheme, you will require regulated financial advice. UK regulations mandate this requirement. Most leading UK pension providers now insist on regulated advice for transfers of this size on defined contribution schemes.

Who can help with pension advice?

Any financial advisor in Southampton certified by the FCA can give you financial advice. All our listed advisors are checked against the Financial Conduct Authority (FCA) register. We list on all advisor profiles both the personal FCA reference number and the FCA reference number for your piece of mind.  

How do I find a financial advisor?

Feel free to search our financial advisor directory by clicking here. Alternatively, we can match you to a financial advisor by clicking here. 

Are you qualified to help me?

By law, all financial advisors must hold at least an FCA-approved level 4 qualification. Many will have higher qualifications for specialist areas of advice, such as defined benefit schemes, but you may want to check that they at least meet the standard.

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