Financial Advisors in Taunton

Top 10 Independent Financial Advisors in Taunton

Rank	Advisor	Description	Find An Advisor
1		With offices near Chigwell, Town Close Financial Planning offers a comprehensive local wealth management service designed to help you future proof your finances.	Find An Advisor
2		With offices close to Chigwell, Primavera offer clients a local, personal wealth management services so you can be in a position to make the important decisions in life with a complete picture of how that will affect your future.	Find An Advisor
3		Providus provides a comprehensive financial services solution to clients in and around London including Chigwell. The drive behind the services at Providus is to provide you with a financial plan that can pave the way to a successful financial future, whatever that may look like for you.	Find An Advisor
4		They operate a boutique, comprehensive service that is designed to enable you to reach your financial goals. They utilise modern technology, perfectly blended with traditional methods in order to improve the financial situation of clients both big and small from all walks of life.	Find An Advisor
5		Paice Financial Planning offers completely holistic financial services to clients, in and around Essex, including Chigwell. Bill Paice set up Paice Financial in 2018 after working independently across a number of different financial planning companies across the South of England.	Find An Advisor
6		Hoyl provides a comprehensive Financial advice service to private and corporate clients in London and the surrounding areas including Chigwell. Hoyl claims to be right on the pulse of the latest thinking and technology when it comes to financial planning and advice.	Find An Advisor
7		Steven Green is an independent financial adviser servicing clients in Brentwood and the surrounding areas including Chigwell.	Find An Advisor
8		Fortuna Financial Planning offer their highly skilled financial advice to individuals, business and corporate clients. They provide a completely holistic service, independent of any providers or services meaning the advice you receive is completely free from bias, and always in your best interest.	Find An Advisor
9		Thanks Wealth Planning offers a complete financial planning service in London and the surrounding areas, including Chigwell.	Find An Advisor
10		The highly skilled team of independent advisers at Pentagon Wealth have a combined 40 years experience providing clients with comprehensive wealth management services and products.	Find An Advisor

Choosing an IFA

Can You Benefit From Independent Financial Advice?

At a very basic level, financial planning should be about paying off debts, building cash savings, paying off a mortgage, joining a pensions scheme and putting adequate protection in place.

Significant life events are where independent financial advice can really make a difference to your bottom line. Buying a home, getting married, getting divorced, inheriting money, or retiring are all big financial decisions that could benefit from independent financial advice.

Decide on The Level of Service to Suit You

Whilst many independent financial advisers are keen to retain you as an ongoing client, constantly reviewing and tweaking your financial plan as your circumstances change, you may want to consider whether this level of service is actually what you require, or whether you may have the discipline to review your finances yourself on a regular basis. Of course this will depend on your main objective, often investments can benefit from the careful eye of a professional in order to avoid emotional decisions that could be to your detriment, however, if you need to put a pension plan in place, you may be happy to let that tick along in the background until it comes time for you to retire.

Certainly you should avoid paying for more than you require, and ascertaining how simple or complex your needs are prior to engaging the services of a professional can help avoid paying for an unnecessary service.

Restricted or Independent?

Financial advisors fall into two main categories, restricted advisors, and independent advisors. It is important to understand the difference between these two before engaging any services as this can really affect your outcomes.

Restricted advisors can only recommend products and services from a limited number of providers. This means they can sell their own products and investment funds, however it may mean that you are not always getting the best product for you at the best price. The advantage of restricted advice is that the advice is often more affordable than independent advice, however, independent advisors can select the best products and services from across the market to suit your needs.

Here is our round-up of top IFAs in Chigwell

Invest Southwest commit to creating a positive working environment so their independent financial advisers can thrive and develop, offering you the very best level of service available from staff who are all in possession of a Statement of Professional Standing. These same independent financial advisers are never set targets, meaning as a client, you never need to worry that you are being sold something you don’t need for the independent financial advisers personal gain. All the advice you receive will always be in your best interest and tailored to your specific needs. The independent financial advisers at Invest Southwest aim to provide you with the relevant information you need in order to make educated decisions regarding your financial future.

Invest Southwest invites new clients to attend a free initial meeting that is without any obligation. In this meeting they take the time to discuss your needs and aspirations and how these fit in with the cost of advice in order to give you an indication of whether pursuing advice would be profitable for you. If they don’t think you would benefit from advice, they will let you know rather than encouraging you to engage their services regardless.

Mortgages and Equity Release

Invest Southwest are fully qualified, independent Taunton mortgage brokers. This means that any mortgage advice they give you will always be in your best interests and appropriate to your situation. They are able to assist clients in a wide range of mortgage products including Regulated Mortgages for property and land, consumer buy-to-let mortgages, business buy-to-let mortgages and equity release / lifetime mortgages.

One of the unique selling points for Invest Southwest is that their mortgage advisers are happy to sit down and have a chat with you about your mortgage requirements and won’t charge you a penny for their time unless they can illustrate how that charge could benefit you.

Pensions and Retirement Planning

Whilst the new pension freedoms can provide the opportunity for you to be innovative and adaptable with your retirement fund, it can also allow for costly mistakes, which is why the advice of an independent advisor can be of enormous value. At Invest Southwest they can provide you with the appropriate level of guidance for the following key products:

• Personal Pension Plan
• Pension Annuity
• Flex Access Drawdown
• Pension Death Benefits
• Tax Free Cash (UFPLS) Full Withdrawal
• Tax Free Cash Series of Withdrawals

Heritage is a family run business that has grown organically from the ground up, now servicing a large client base with specialist independent financial advisers in each area of advice. Whilst Heritage is primarily based in Taunton, they offer their professional financial services to clients across the entire South West of England, sourcing the best deals and working hard to build long lasting relationships with their clients with their personal, face to face service.

Protecting Yourself and Your Family

Many people are surprised by how affordable life assurance is and having the correct level of cover can help ensure your plans don’t fall by the wayside should you become ill and be unable to work or even lose your job. To put this into perspective, about one in four of the working population are unable to work due to disability or long standing illness and the average household only has enough savings to last them for 29 days. Is this a risk you are really willing to take when the cost of cover is relatively inexpensive? At Heritage they offer comprehensive advice and recommendations on the best products to suit your requirements across the following common policies:

• Life Insurance
• Critical Illness
• Accident, Sickness and Unemployment
• Whole Of Life
• Term Assurance
• Income Protection Insurance

Investments

There is no doubt that investments present a complex area for most people, with numerous considerations and a great deal of knowledge required in order to make it a successful venture. The financial advisers at Heritage can really help give you the expert edge when it comes to investing, easily helping you take advantage of tax-efficient investments such as ISAs and helping you to diversify your portfolio to match your risk profile.

Pensions

Successfully saving a sufficient amount for your retirement all comes down to planning, and the sooner you start your planning, the better. With the professional guidance of the financial advisers from Heritage, you can answer important questions like exactly how much will you need for your retirement, taking into consideration important factors like any long term care you might require. Your adviser can then help you identify the best possible products to meet your retirement aspirations and help you save for your future.

The financial advisers at MHA Monahans offer clients a comprehensive financial service, across a wide range of financial subjects, empowering you to make educated decisions now that will positively impact your finances in the future. MHA Monahans enjoy the much sought after Chartered status, ensuring that the quality of advice that clients receive is second to none. As well as this, they are fully independent, meaning any recommendations are solely in your best interest and completely without any bias.

Inheritance Tax

Have you considered the implications that inheritance tax will have on your family when it comes time for them to inherit? This can have a serious impact on family wealth and force your beneficiaries to make difficult decisions at an already emotional time. By working with the independent advisors at MHA Monahans you can legitimately mitigate, and in some instances even negate the impact of inheritance tax completely.

This can be done through several means, one of which is the considered transfer of assets, either directly or into a trust, in order for those assets to be removed from your estate at the time of your death. However, there are ‘rules’ that must be adhered to and it is prudent to take into consideration the numerous reliefs and exemptions that may be applicable to your situation.

Wealth Management

The wealth management service at MHA Monahans is completely designed to benefit you and assist you in making the most of your personal wealth. They understand that time is an issue for many of their clients and take on the role of monitoring and managing your wealth to ensure your wealth is working as hard as possible towards your financial aspirations.

This is a completely holistic service, taking stock of any investments and assets in order to calculate your total wealth and identify areas where sometimes subtle changes can have a significant impact on your future. They utilise a technology called ‘Wrap for our Wealth Management System’ which is able to hold all your investments in one place, enabling your financial advisers to effectively manage your investments and identify new opportunities which may benefit you.

When it comes to cost, Quantock Analytical are one of the only financial advisory firms to publish their costs on their web pages, so you can get an indication before you even consider their services. This is all part of their open and honest attitude to advice. They aim to simplify investing, into an easy to understand, digestible format, in order to empower you to make the right decisions for you.

At Quantock you can expect to have a dedicated account manager assigned to you, offering you regular review meetings and ongoing support. You will also be supported by the state of the art technology on offer and can relax in the knowledge that Quantock are authorised and regulated by the Financial Conduct Authority.

Pensions

The independent financial advisers at Quantock Analytical can help you make sense of the new and complex flexibilities surrounding pensions, ensuring that you are making the most of your pension, whether you decide to stick with an income for life, or take control of your pension capital.

With new low interest rates, your account manager can advise you whether you would be better to consider a pension transfer, taking into account your personal circumstances. A conversation regarding this will cost you nothing at Quantock Analytical and can put you on more stable ground when it comes to your dream retirement.

Life and Health Insurance

No one wants to think about the worst case scenario, however, being prepared for the worst can give you stability and peace of mind that your financial plans won’t be derailed, despite what life might throw at you.

Investing for Inheritance Tax Mitigation

Inheritance tax can have a serious impact on your family wealth but there are several measures that can be taken to mitigate or even eradicate your liability to inheritance tax. One of the most important factors to consider is to ensure your will is set up correctly, and to this end, your account manager can work with a solicitor.

For business owners, there are more complex issues to consider, and many people make the mistake of assuming their business will qualify for business property relief. Your account manager will work with you to ensure your business is protected and your hard earned money ends up where you intended.

At Blackdown Financial their main goal is to help you achieve financial independence, safe and secure in the knowledge that you have all the right tools in place to reach your financial goals.

The financial advisers at Blackdown Financial are fully independent and will therefore painstakingly search the whole market to find the best possible products and services to suit your individual requirements. For clients with existing products, they will only suggest changes if they can demonstrate that this would be a profitable financial decision for you.

Blackdown Financial pride themselves on offering a personal service that is the foundation of a long and successful relationship. This all starts with a free, no obligation meeting with one of their financial advisers to discuss how they can add value to your existing arrangements.

Financial Planning

Knowing that you will have enough money to last you comfortably till the end of your days without being afraid to enjoy your money is what the service at Blackdown Financial is all about. They provide this service to all stages of life, but find people approaching and in retirement, those going through divorce, and business owners who are looking to exit their business can often benefit the most from financial planning.

Creating a financial plan is a delicate art, bringing together elements such as longevity, inflation, investment returns and tax rates in order to best forecast what the future may hold financially. With this forecasting mechanism it is possible to illustrate how small changes you make now can have a significant impact on your future so you can be prepared. This plan is then tweaked and adjusted as changes arise in your circumstances and in the market, in order to ensure that you remain on track to realising your financial goals.

Financial Advice

The comprehensive advice service at Blackdown includes investments, pensions, and protection to ensure you are making the most of your money. All of the recommendations you get from your adviser will be towards securing your financial objectives, and always with your best interest at the heart of everything. Your adviser will also conduct a thorough risk assessment in order to ensure your investments are in line with your appetite for risk.

At Cooper Associates they pride themselves on the level of service they deliver to their clients, so much so, that they actually have awards including the Financial Advisory Firm of the Year in the ACQ Global Awards for 2015 and 2016. They claim that once you walk through their doors, you will be treated as if you are their only client, and this is the case for all clients, regardless of assets or income. Cooper Associates are a senior partner practice of St. James’s Place Wealth Management, one of the most prestigious wealth management organisations in the UK.

Investment Planning

With the right advice and a sound strategy, investment planning can help secure your way to financial wellbeing. At Cooper Associates they are expert at constructing the perfect portfolio for you, taking into account your risk profile, and whether you are investing for income or growth. They aim to spread your investments across a wide range of asset types in order to create a structured, profitable and balanced investment portfolio to suit your individual requirements.

The investment experts at Cooper Associates understand that no two requirements are the same and firmly believe that your investment strategy should be based on your personal goals. They have a clearly defined path that they take with all the clients in order to ensure that they understand their goals and this starts with a clear plan to help you meet those goals. Your investment portfolio will then be designed with your unique plan at its core. It never ends there, your adviser will then endeavor to ensure your plan always remains on track, regardless of changes to your circumstances or the market with constant reviews and adjustments.

Retirement Planning

Whether you are only just turning your thoughts to providing for your retirement, or have been saving into a retirement fund for years, the advisers at Cooper Associates can help you ensure you are making the most of your retirement opportunities. Retirement planning is all done on a highly personal basis, working closely with you to identify the aspects of your retirement which are the most important to you.

Keyte profess to have built their business model around delivering excellent service at a very competitive cost. Certainly the awards they have gained would suggest that their highly qualified team of advisers are providing clients with valuable advice that works towards achieving their financial goals.

The advisers at Keyte are trained to discover what it is you want from your finances, so you can relax while they work out how to achieve that end. They can put products and services in place that are the best in the market for your specific needs, or alternatively review and optimise your existing arrangements. They are completely independent, which means you can be assured that any advice they offer is always in your best interest and protected by the Financial Services Compensation Scheme in order to ensure your safety.

Financial Planning

The advisers at Keyte are happy to help you with a comprehensive financial plan, essentially providing you with a road map that can get you to where you want to be. They will take the time to learn everything there is to know about your current circumstances, and using this information they can build a cash flow forecast to help identify areas that can be optimised and how small changes now, can significantly impact your future finances. They will also help you identify bumps in the road ahead that could potentially derail your plans, so between you, you can put safety measures in place to overcome them.

Retirement Planning

Planning our retirement is something we all need to think about, but answering important questions like ‘when can I afford to retire?’ and ‘how much do I need?’ or even ‘can I afford to gift my children?’ can be difficult questions to answer without professional help. The advisers at Keyte can help work out how you would currently stand financially in your retirement given your existing pensions and investments and work out how to fill any deficit so you can enjoy the retirement that you aspire to.

Nexus offers completely independent financial advice that is authorised and regulated by the Financial Conduct Authority in Taunton and the surrounding areas. They have a loyal client base which is testament to the outstanding and personal service they deliver. Being independent, the advisers are able to offer clients completely unbiased recommendations from across the entire marketplace. Nexus has a completely transparent fee structure so there are no nasty surprises down the track, and to compliment this, your initial consultation will be completely free of any charges or obligation.

Savings and Investments

Whatever you are saving for, the advisers at Nexus can help put the best possible plan, supported by the most efficient products in place to meet your saving goals. Savings vehicles can range from a cash ISA to complex investments and your adviser can help you secure the best rates with the most tax efficiency in order to grow your wealth in line with your attitude to risk.

Pensions and Retirement Planning

Even customers who have delayed saving for their retirement can take advantage of the advice offered at Nexus in order to get a pension plan in place. For clients with an existing pension, the advisers at Nexus offer a comprehensive review process to ensure your pension is performing optimally and taking full advantage of the tax breaks available.

Professional advice can also help you come to the exact amount you need to achieve in your pension pot in order to achieve the retirement lifestyle you aspire to. They help you consider factors such as long term care and inflation in order to ensure you are adequately provided for within the ever changing pension landscape.

Mortgage Services

Selecting the best mortgage product from the thousands available across the market can literally save you thousands over time. Being independent, the mortgage brokers Taunton are able to analyse all the products available in order to find the best product, at the best price, to meet your unique requirements. Their mortgage advisers can also help manage your entire application, saving you time and hassle so you can focus on finding the perfect property.

Mayfayre are a small, friendly firm who provide completely independent financial advice to clients in Taunton. At Mayfayre they are completely committed to achieving positive outcomes for their clients, tailoring their service to your exact requirements and with your unique circumstances always in mind.

At Mayfayre you will never be just an account. They only take on a limited number of clients in order to retain a personal level of service, taking the time to get to know you and providing you with the most up to date financial advice so you can make the best possible decisions when it comes to your finances.

Estate and Inheritance Tax Planning

At Mayfayre they understand the importance of family, and as such they appreciate that you would want your family to benefit from your estate after you pass away. Unfortunately inheritance tax is a complex area, but one that has a negative impact on so many families at an already distressing time. Mitigating your exposure to inheritance tax can be effectively achieved utilising specific strategies, however, these steps should be taken earlier rather than later.

Your adviser will work with you to maximise on your available tax benefits, making use of the various legal and investment tools available, and creating trusts, wills and insurance plans so your beneficiaries can receive the bulk of your estate.

Protection Planning

Protection planning is all about ensuring that you have taken the right steps to protect the people you care about the most. The advisers at Mayfayre can help you ensure that you have put protection in place so your family are provided for in the event of your death. Even clients who already have protection in place can benefit enormously from a comprehensive review to ensure the level of cover is adequate and you are taking advantage of the cheaper policies that are now widely available.

Mayfayre can use their extensive knowledge and independent status to access the entire marketplace in order to negotiate the best possible products to cover you and your family.

Brett Andrews began his career working for 14 years in a well known high street bank before branching off to pursue his career as an independent financial adviser. He believes that good financial planning is much more than just information that you can access on the web, but requires a personal, tailored approach in order to ensure the services and products you engage with are the best available to meet your particular requirements.

Brett Andrews offers his service in the comfort of your own home or office, where you will get an always fair assessment of your situation, and recommendations for improvement moving forward.

Protection

Regardless of your budget or requirements, Brett Andrews can help you put an appropriate level of cover in place to protect you and your family from unexpected events that may lie ahead.

The large range of products currently available on the market may make protection seem like a daunting task, however, many clients are surprised to discover how affordable protection has now become, and Brett Andrews can help remove some of the complexities surrounding life protection options, business protection and income protection.

Savings and Investments

Brett Andrews can seamlessly guide you through the important differences between savings and investments, so you can decide which would be best suited to you and your objectives, and which vehicles would be the best to help you achieve your goals. Generally speaking, savings represents funds that are collected towards a specific item or purpose. These can usually be accessed fairly quickly, most commonly from a bank account, where the original capital is guaranteed.

Contrary to this, investments are a long term venture, and you will usually not be able to access your investment funds for five years or more. It is therefore prudent to have savings in place, for you to access in an emergency, before you consider tieing any of your capital up in investments. However, whilst there is no guarantee that you will get your original money returned in full, investments are designed to grow your money faster, providing you with the prospect of greater returns.

Useful links:

• Stepchange.org
• National Debt Help UK
• Citizens Advice – Financial Advice
• Financial Services Compensation Scheme