When it comes to your finances, you want to be sure that you are making the best decisions and getting the best investment advice possible. This is why it’s important to work with a financial adviser in Shrewsbury. But how do you go about choosing the right one for you? There are a few things you’ll want to keep in mind when making your decision. In this blog post, we will discuss some of the most important factors to consider when choosing a financial adviser.
Decide what you need from a financial adviser.
This is the first and most important step in choosing a financial adviser. Do you need someone to help you with investments, retirement planning, or both? Once you know what services you need, you can start researching potential advisers.
Ask for recommendations. Talk to your friends, family, and colleagues to see if they have any recommendations for financial advisers in Shrewsbury.
Do your own research. In addition to asking for recommendations, be sure to do your own research on potential financial advisers. Check out their website and read online reviews. We would always reccomend using an independent financial adviser for financial planning, investment advice and mortgage advice. This type of independent advice will be able to tailor products to your personal circumstances and advise on the most appropriate financial products, most restricted advisers are very expensive and can have hidden costs within the products themselves.
Check the adviser’s qualifications and experience
When you’ve narrowed down your options, be sure to check the qualifications and experience of each potential adviser. You want to work with someone who is qualified and has the experience to help you reach your financial goals.
Make sure they are regulated. All financial advisers in the UK must be regulated by the Financial Conduct Authority (FCA).
Our financial services
The problem is not one size fits all in finance planning. We are dedicated to your personal needs. You may need a one-time consultation on a specific matter such as retirement planning. Discovering the most suitable retirement plan for your situation. How can I avoid the inheritance and asset tax burden of my family and give my life back? Help in planning your retirement, from management to consolidation of your retirement accounts and establishing the new retirement plan. Final pay for pension advice. Giving more time to relax after retiring.
An independent financial adviser (IFA)
There are two types of financial advisers: those who work for banks, building societies and other similar organizations (tied agents), and those who are independent. Tied agents can only offer the products of their employer; they cannot advise on products from other companies. Independent financial advisers can offer a wider range of products because they are not restricted in this way. When you’re looking for a financial adviser, it’s important to choose one who is independent so that you can be sure you’re getting the best advice possible.
Fee-based services
Most financial advisers will either charge you a fee for their services or receive commission from the product provider. Fee-based services tend to be more expensive, but you will usually get a higher level of service as a result. Commission-based services are more common, but it’s important to be aware that the adviser may be biased towards products that offer high commission rates. When you’re choosing a financial adviser, be sure to ask about their fees and commissions so that you can make an informed decision.
When looking for a financial adviser, there are many things to keep in mind. Here at our company, we pride ourselves on being an independent financial adviser so that you can be sure you’re getting the best advice possible. We are also fee-based, which means that we will charge you a fee for our services. This allows us to offer a higher level of service and ensures that we are not biased towards products that offer high commission rates. Contact us today to learn more about how we can help you with your finances!
Here at LG Embrey Financial Planning, we understand that everyone’s financial situation is unique. That’s why we offer personalized financial planning services to meet your specific needs. We’ll work with you to develop a plan that fits your budget and helps you achieve your goals. Contact us today to schedule a consultation!
More about independent financial advisers in Shrewsbury
A plan can improve your chances at achieving a goal. This helps people concentrate on their job tasks to accomplish their objectives and identify obstacles that must be overcome. Your financial choices influence the way you choose to live and so you should achieve your goals. You’ll have excellent financial advice in Shrewsbury. All financial planning plans are designed for you. Typically, our financial advisors are focused on addressing your biggest needs first.
If you’re looking for a financial adviser in Shrewsbury, be sure to contact us today. We would be happy to help you develop a personalized financial plan that meets your needs and helps you achieve your financial goals.
Tell me the difference between a financial advisor and a financial planner?
Consultant – adviser or planning. This document explains the ways a financial advisor provides financial advice for the management of the wealth. Our customers appreciate our personal touch. Our expert lenders provide advice and support to a wide range of clients from Shrewsbury Shropshire to London. We are an independent financial adviser in Shrewsbury that doesn’t rely solely on financial instruments. In other words, we have the best in the market at hand.
Independent financial advisors can offer a wide range of products because they are not restricted in this way. When you’re looking for a financial adviser, it’s important to choose one who is independent so that you can be sure you’re getting the best advice possible.
LG Embrey Financial Planning are independent financial advisors in Shrewsbury
Our financial advisors are committed to investing in your future. Manage wealth, minimize risk or provide help in your finances. LG Embrey provides unbiased no-jargon advice on your financial planning for your families benefit & yourself. For many years now we have had a wide range of loyal clients across Shropshire and beyond. Contact us for a free initial consultation with an expert advisor.
When you’re looking for a financial adviser, it’s important to choose one who is independent and fee-based so that you can be sure you’re getting the best advice possible. Contact us today to learn more about how we can help you with your finances!
Thank you for reading! We hope this article was helpful in explaining the difference between a financial advisor and a financial planner. If you have any further questions, please don’t hesitate to reach out to us. We would be more than happy to help!
Independent Financial Adviser
LG Embrey are independent financial advisers based in Shrewsbury in Shropshire under pi financial ltd. Company name: 356277 Morfe House Belle Vue Road Shrewbury – SY3 7LU / Company name: FCA 186419.
Frequently Asked Questions
How much does it cost to talk to a financial advisor?
Most financial advisers charge based on your investment. These fees can range between 2% and 5% of the investment amount. Some of the financial advisors also charge flat hourly fees. Financial advisory firms can vary and it is always worth shopping around.
Is it worth the money to hire a financial advisor?
While some experts suggest hiring an advisor can make you thousands of pounds better off by the time retirement comes around, some recommend obtaining one for situations that get more complex.
How much should you pay for a financial advisor UK?
Depending on your preference for the specific option, ask the advisor. Hourly rates vary between £350 and £70 an hour although British prices are generally around £250 an hour. Fixed fee on a job – this could cost thousands of pounds.
Is an independent financial advisor worth it?
If you’re confident about putting these decisions in your own hands, financial advice may not help you make your decisions. It might seem counter-intuitive for you to invest money right now in your future to increase the value in your portfolio. Let us reduce the taxes and maximise your investment returns.
Is financial planner better than financial advisor?
Choosing an experienced and knowledgeable financial planner will make financial planning easier and safer. They can offer a more broad service that encompasses almost every goal that you have.
Is a financial advisor the same as a mortgage advisor?
What’s a Mortgage Expert’s role? Typically, a mortgage advisor is simply interested in only mortgages. A financial adviser can also advise on various financial products ranging from stocks to bonds to investments but financial advisers sometimes do also deal with mortgages.
What should I know before meeting a mortgage advisor?
When contacting the advisor your advisor will discuss your personal situation, tell me the best kind of property you want to buy and the cost you can budget for. They can show you how much you’ve earned and what amount you spent, and your credit card history and therefore what sort of property you should be able to buy.
Is it worth getting a mortgage broker?
Working with mortgage brokers can be very efficient for saving you time and costs. Cons to look at include the possibility that the broker will not represent yours or your own interests.
Are mortgage advisors and brokers the same?
What are mortgage brokers? A mortgage adviser and broker are essentially the same thing and both have expertise in the search and selection of your specific mortgage needs. Typically, mortgage brokers can also be called advisers, but there is no difference between brokers and advisors.
What are the disadvantages of an independent financial advisor?
Costs : Financial advisors are expensive. They can charge you a percentage of your portfolio each year. Some of these companies charge you monthly fees or a monthly one time commission. But if you don’t have the expertise yourself then these costs are likely to outweigh these costs.
