Financial Advisers in Liverpool – The Top 10 Advice Firms

Independent financial advisers in Liverpool provide their clients with value for money, without this there would be little point in paying for their fees and the profession would soon become obsolete.

However, with all the information currently available online, you may be asking if you really need an adviser? Here are some questions to ask yourself to help clarify if you should enlist the financial services of a professional in Liverpool.

  • How much spare time do you currently have to commit to learning about finances, staying on top of changes to legislation, insurance, tax laws and investing in order to manage your plan?
  • What is your current knowledge of investments?
  • Are you well versed in wealth management Liverpool and general monetary topics?
  • Do you enjoy researching specific assets?

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Top 10 Independent Financial Advisers in Liverpool

  1. Beaufort – offer their valued clients a fully comprehensive, local planning service with which they aim to solve all your monetary problems.
  2. Wilcocks and Wilcocks –  award winning wealth managers that offer independent financial advice
  3. Alpha – an independent financial advisory company that aims to deliver the highest quality service over a broad spectrum of products and services in order to deliver the best solutions for their clients.
  4. Chris Lunt – their ambition is to add real value to all their clients and therefore will only take you on if they honestly feel their services can help you realise your goals
  5. Pavis – recognise that you and your finances are totally unique and therefore they believe in developing a close relationship with you so together, you can pinpoint exactly what your aspirations are when it comes to your finances in order to create a truly bespoke plan that can work hard to achieve what you have laid out together.
  6. Hanover Wealth Management – an award winning IFA firm that aims to provide their clients with security with professional, experienced guidance from across the whole of the market.
  7. Smith, Law & Shepherds – have a highly experienced, professional team of IFAs who are able to offer clients a diverse range of options from across the entire marketplace, in order to find and utilise the very best products in order to meet their unique aspirations.
  8. SMC – have a genuine desire to see all their clients succeed in their goals and this is evident from the praise they receive from their existing clients.
  9. First Equitable – have built their business around the principle of putting the client first and building long term relationships that are founded on the back of providing guidance in plain language that not only helps you understand your plan, but gives you complete confidence in it.
  10. Money Tools – aim to deliver a bespoke and holistic service to clients who wish to successfully grow and maintain their wealth in order to achieve their goals and aspirations.

How do I choose an independent financial adviser in Liverpool?

Commission driven products such as payment protection insurance have changed the way that independent advice is regulated in England. Tougher standards have been introduced banning commission driven sales and requiring advisors to hold higher levels of qualifications. However, there is still a variation in the quality of advice you can receive and you should be wary about simply employing the assistance of the first IFA you come across in Liverpool.

Firstly, you should ascertain what your needs are so you don’t get drawn into paying for a full service that you don’t actually need. The most common areas of financial planning are usually advice for paying off debts, building savings, mortgage advice, pension schemes and employer protection benefits.

If you are facing a big decision that requires a fair bit of cash, then you could certainly benefit from the advice of a professional. Decide if you need one-off advice or if you would benefit from an ongoing service.

It is also prudent to determine if you would like face to face advice, in which case you will need to employ the support of a company with offices local to you in Liverpool. Face to face advice can help build a trusting relationship with your adviser should you require ongoing support.

Whilst an independent adviser in Liverpool may initially incur a greater cost for their expertise, they can offer you any products from across the market rather than being limited to expensive or poor performing products that benefit the adviser financially. Bear this in mind when you are deciding whether to employ an IFA or a restricted adviser.

The last thing to take into consideration are the fees charged. You may need to meet with a few advisors in Liverpool to discuss their payment structure and find an arrangement that suits you and your individual needs.

Always remember to check the company privacy policy before handing over information such as your phone number or email address and check the reviews of financial advisors you are considering. Liverpool financial advisor reviews can give you an insight into the experiences of other clients both positive and negative. It is also prudent to check that any independent financial adviser you consider has been authorised and regulated by the Financial Conduct Authority and is registered in England and Wales.

If I choose a local IFA in Liverpool what is it they will do?

The primary role of a financial adviser is to assist individuals in achieving their long term and short term financial goals. In order to accomplish this, financial advisors will meet with clients to assess their financial needs and work alongside economic trends, regulatory changes and the clients wishes in order to help them with investments, tax laws and insurance decisions.

Some of the typical tasks undertaken by a financial adviser can include the following:

  • Recommend investments, select investments, and research investment opportunities.
  • Provide clients with tax advice.
  • Assist clients with insurance decisions and select the best products available.
  • Help clients prepare for specific circumstances such as education expenses or retirement.
  • Monitor client accounts and make appropriate changes to improve account performance.

Financial Advisors Liverpool and Financial Planners in Liverpool – What is the difference?

Whilst there is most definitely an overlap between the roles of a financial planner and a financial adviser, they do have important differences that you should familiarise yourself with before you engage their services. Both financial planners and financial advisors will assess your current financial situation in order to put together recommendations to improve that situation.

A financial adviser has the primary ambition of helping you to manage your money including:

  • Investment management
  • Estate planning
  • Retirement planning
  • Insurance
  • Debt repayment
  • Tax planning

Financial planners however are one type of adviser who specialises in creating a plan to help companies and individuals achieve their long term financial goals and can include entities such as:

  • Retirement planning
  • Education funding planning

It is important to note that whilst a financial adviser will possess qualifications and credentials to help them achieve their purpose, just about anyone can call themselves a financial planner without possession of any qualifications.

Top 10 Financial Advisors Liverpool, UK

When is the best time to engage the services of an adviser?

The answer to this question isn’t always cut and dry and very much depends on your individual circumstances. However, one constructive piece of guidance would be to “make hay while the sun is shining”. In other words, don’t wait until it is too late. On the whole, advisers report that most of their clients seek professional guidance following a major life event such as:

  • You are getting close to retirement age
  • You have got a significant increase in earnings
  • You have received an inheritance
  • You are going through a divorce
  • You sell a business, property, or have another significant event
  • You want to consolidate your finances and take better control
  • You are preparing to pass on some of your money to loved ones
  • You are recently widowed

Preparing Your Pension

As life expectancy continues to rise, it is a safe assumption that you will need a pension pot to see you comfortably through your later years. This is where an adviser can be invaluable, regardless of your circumstances. If in doubt here are a few statistics that outline just how savvy the UK population is when it comes to preparing for retirement.

  • 35% of adults say they don’t have a pension
  • 43% have no idea how much money they will need to comfortably retire
  • A significant number of the population are unsure as to how much pension they currently have

If you fall into any of these categories, then now is the time to get some professional guidance.

Why you should look for an advisor that is local

Having a local financial adviser can facilitate the opportunity to build a long lasting, beneficial relationship with your adviser. Having the option to meet face to face, can help you establish trust and respect for your adviser and give them a platform from which to help you understand all your finances and how your plan is working towards a more secure future.

Useful links:

FAQs About Financial Advisors Liverpool


How do I find a good IFA in Liverpool?

A good place to start is to seek a personal recommendation for an IFA in Liverpool. An IFA’s success with another client will speak volumes about their level of service. Alternatively, you can find details of trusted IFA’s in Liverpool using our reviews, or use our Find a Local Financial Advisor in Liverpool service for FREE.

What is the difference between an IFA in Liverpool and a financial adviser in Liverpool?

A financial advisor in Liverpool sometimes referred to as a restricted adviser, can only give financial advice on a limited number of products such as insurance, mortgages and pensions, so while they may be in a position to provide good financial advice, they don’t always have access to the best products to suit your unique circumstances.

Conversely, independent financial advisers in Liverpool have access to the entire market and can therefore match the best product for your situation. An independent adviser in Liverpool has extensive knowledge of all monetary areas including investments, savings, insurance, pensions, tax and family estate management and should be authorised and regulated by the Financial Conduct Authority in order to ensure ethical practice and advice in line with your best interests.

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