There are many reasons why you might be seeking the services of a Newcastle financial advisor, but with so many out there how do you ensure that you enlist the services of someone who can really help improve your situation? After all, there is a lot at stake, and the wrong decision could end up being costly. Here are some things to bear in mind before you take the plunge in finding a financial adviser.
Need help finding an Independent Financial Advisor?
Services on Offer From Financial Advisors in Newcastle
Another consideration are the services that the firm has to offer. There are a great many areas that can be covered by Newcastle financial advisers, however, some advisors choose to specialise in a smaller niche. Make sure the financial adviser you are considering is qualified and experienced in the areas you need assistance with.
- 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
Top 10 Independent Financial Advisors in Newcastle
|Rank||Advisor||Description||Find An Advisor|
|1||At Carrick the advice you receive is completely independent and all their advisors are members of the Chartered Insurance Institution with over 125 years of experience between them.||Find An Advisor|
|2||Wading through the complexities of finances and keeping abreast of changes to legislation and ever changing markets, it can be easy to lose sight of your end goal of achieving financial security. This is where the advisers at The Grove can help cut through all the confusion and get you on track to financial wellbeing.||Find An Advisor|
|3||Gale and Phillipson offer completely independent financial planning and investment management advice from across the entire market, all specifically designed to meet your unique requirements.||Find An Advisor|
|4||Lowes have been providing fully independent advice to generations of clientele since 1971 with their personal, expert service which focuses on delivering quality solutions with high levels of client care.||Find An Advisor|
|5||At Ellis Bates, rather than meeting with an adviser who then provides guidance on all your financial matters including mortgages, pensions, investments and protection, they have a team of advisors who individually specialise in one particular field.||Find An Advisor|
|6||Positive Wealth Management offer customers completely independent financial services with products and services from across the whole of the market.||Find An Advisor|
|7||At Akrivis Wealth you obtain simple, precise, easy to understand guidance that can elevate your finances to meet your current and future needs.||Find An Advisor|
|8||The advisers at Amethyst have no affiliation to any one provider and therefore offer a completely unbiased and independent service that utilises products and services from across the entire marketplace.||Find An Advisor|
|9||The advisers at B-advised have accrued many years of valuable experience and knowledge between them, in order to offer their valued clients quality advice alongside excellent customer service.||Find An Advisor|
|10||The success and growth of Birchwood as a financial advice company lies primarily with the volume of client recommendations they get, a fine testament to their valuable service.||Find An Advisor|
It is a legal requirement that financial advisers Newcastle are regulated and authorised by the Financial Conduct Authority so this is a good place to start in order to ensure that you are enlisting the services of a provider who is at the very least operating within the law and being held accountable for their services. This information should be clearly displayed on their website and will help strengthen the integrity of the firm.
It is always prudent to consider engaging the services of an adviser who is local to Newcastle as you should always take the time to meet face to face. Building a trusting and long lasting relationship with your adviser can help give you confidence that your money is in good hands.
Obtaining a recommendation from a friend or family member can be one of the best ways to guarantee that you will get a good service from a financial adviser Newcastle. Other people’s positive experiences can speak volumes for the level of service and success you can expect. Another avenue is to ask for references from their existing clientele although this can be less convincing as the adviser can choose who you speak to themselves and will therefore avoid putting you in contact with any customers who have had a negative experience.
It is critical that you understand the billing structure of the adviser you are considering before you engage their services. Be aware that Newcastle financial advisers who receive a commission from the product or service they recommend may be biased towards that product and therefore you may not get the best guidance for your circumstances from across the entire market.
Here is our round-up of IFAs in Newcastle
Carrick Financial Management
21 Charlotte Place, Newcastle Upon Tyne, Tyne and Wear, NE1 1RHFind and Advisor
At Carrick the advice you receive is completely independent and all their advisors are members of the Chartered Insurance Institution with over 125 years of experience between them. At Carrick they make a lifetime commitment to looking after their customers finances with complete transparency and integrity. As a client, you will always feel in control, and will be empowered to make the right decisions for your unique circumstances. They combine years of experience with technology in order to help you reach your goals, keeping you completely up to date every step of the way.
At Carrick they understand that statistically we will all spend one third of our lifetime in retirement, and it is therefore imperative to put the right planning in place to ensure you get the retirement you aspire to. They can help you consolidate your existing provisions including pension funds, ISA’s, property and savings in order to put an achievable plan in place.
From novice investors all the way through to seasoned investors looking to improve their portfolio, the advisors at Carrick have the experience and knowledge to guide you through the constantly changing landscape of investing in order to get your money working hard for you. Investing smartly can be a complex arena, however, at Carrick they can successfully help you answer questions about what are safe investments and whether you should be considering long or short term investments, as well as help you identify your attitude to risk.
Buying a home is likely to be one of the biggest financial commitments you make in your lifetime but with so many mortgage products on the market, it can be difficult to ensure you make the right decisions in order to protect your money. At Carrick they work alongside you in order to take some of the complexities out of mortgages so you can secure the best product for your unique needs. Whether you are a first time buyer, a home mover, looking to remortgage your property, or looking for guidance on buy-to-let mortgages, the advisors at Carrick are on hand with a no fee, no obligation initial consultation to establish your requirements and guide you through the process.
The Grove Private Wealth
1 Trinity Gardens, Broad Chare, Newcastle upon Tyne, NE1 2HF Find an Advisor
Wading through the complexities of finances and keeping abreast of changes to legislation and ever changing markets, it can be easy to lose sight of your end goal of achieving financial security. This is where the advisers at The Grove can help cut through all the confusion and get you on track to financial wellbeing.
At The Grove they completely understand that no two clients are ever the same and therefore there is no one size fits all approach, but rather a highly individual partnership whereby your unique circumstances are at the forefront of any activity moving forward. They will take the time to get to know you, your requirements, your concerns, and your aspirations in order to move forward with a highly tailored plan that is as comprehensive as you need it to be.
Whatever your stage in life, it is of utmost importance that you have watertight financial planning in place for your future retirement. Regardless of your current set up, with the experience and knowledge offered at The Grove you can comfortably achieve your retirement goals. With constant changes to the legislation surrounding pensions and the tax relief they offer, it is important that you have expert guidance in order to maximise your pension fund and ensure you are reclaiming your tax returns efficiently.
Estate Planning and Inheritance Tax
With billions of pounds being collected by HMRC in inheritance tax each year, this is no longer simply a concern for the wealthy. Everyone should be taking the appropriate steps to secure and protect their estate for their family and future generations. There are a number of practices that can be undertaken in order to mitigate your tax liability for you and your beneficiaries in order to ensure your estate is protected and HMRC is not your single biggest beneficiary.
Tax Efficient Investing
As part of the St James Place Wealth Management Group, The Grove are able to offer a reliable and diverse investment service in order to secure your financial well-being. Regardless of whether you are investing for income or growth, the advisors will spend time with you to create an investment portfolio to meet your unique needs.
Gale and Phillipson
18, 24 Grey Street, Newcastle upon Tyne, NE1 6AE Find an Advisor
Gale and Phillipson offer completely independent financial planning and investment management advice from across the entire market, all specifically designed to meet your unique requirements. No matter the complexity of your situation, they employ innovative solutions alongside years of professional experience and expertise to provide value to their clientele. They take the time to fully understand your needs and aspirations in order to nail down your objectives upon which they use clear, transparent services to deliver. Regardless of whether you are responding to a major event in your life, or simply taking steps to secure your future, they provide a committed, market leading service that will provide you with robust, tailored solutions.
A large proportion of the population can truthfully admit that their mortgage is their single largest monthly expense. With this in mind, it stands to reason that seeking professional guidance on your mortgage product to ensure you have the best deal for your circumstances, can benefit you financially in the long run. With so many lenders and products to choose from, the advisors at Gale and Phillipson can help you successfully navigate your way to the best deal for your circumstances whether you be a first time buyer, remortgaging, or looking for equity release guidance.
Managing investments to their full potential takes time, dedication and expertise which is why it is always advisable to seek professional guidance in order to ensure your wealth is both protected and reaching its full potential. At Gale and Phillipson their in-house investment analysts work closely with you in order to put together a completely tailored plan to meet your needs and aspirations.
At Gale and Phillipson you can take advantage of their free savings review in order to identify areas of improvement to ensure your money continues to work hard for you. With the vast assortment of accounts available across the market, the advisors can take some of the time and effort out of researching the very best option for you in order to ensure the most competitive interest and continually monitor its effectiveness in line with changes to the market.
Lowes Financial Management Ltd
Femwood House, Clayton Road, Jesmond, Newcastle upon Tyne, NE2 1TL Find an Advisor
Lowes have been providing fully independent advice to generations of clientele since 1971 with their personal, expert service which focuses on delivering quality solutions with high levels of client care. As a client of Lowes you can expect a fully independent, unbiased consultant who can offer you whole of market guidance and who is themselves supported by a team of highly qualified technical, investment and research specialists, in order to ensure you get the best possible guidance for your unique situation.
At Lowes they focus on helping you avoid the obstacles and adversity surrounding the complex investment market to ensure your finances are safeguarded for your future. Achieving attractive returns for their customers is the main focus at Lowes and their dedicated investment management team work to ensure you get the right guidance with the right level of risk for your circumstances.
Plan Your Retirement
Knowing the exact amount of money you will need in order to give you complete security for the rest of your life is crucial for a successful retirement plan. The experts at Lowes can work with your current retirement savings and your personal aspirations in order to put a comprehensive plan in place to ensure you don’t outlive your savings and investments.
Protect Your Wealth
At Lowes they can work with you and your current circumstances to effectively and legitimately mitigate your liability to tax and ensure you are financially prepared for any long term care you may require in the future. This also extends to ensuring your beneficiaries are well looked after in the event of your death, with as little of your hard earned estate going to the taxman as legitimately possible. The advisors can help you put trusts in place in order to protect your family legacy as well as other effective strategies.
The quality of the independent advice at Lowes is illustrated by the generations of families who entrust their finances completely to their care. They build long lasting, personal relationships that last for generations and which bring prosperity and protection to their valued clientele.
Ellis Bates Newcastle Financial Advisers
Grainger Chambers, Newcastle upon Tyne and wear, NE1 6JQ Find an Advisor
At Ellis Bates, rather than meeting with an adviser who then provides guidance on all your financial matters including mortgages, pensions, investments and protection, they have a team of advisors who individually specialise in one particular field. It therefore stands to reason that when you engage their services, you really are taking advantage of the most specialist knowledge in each niche of your financial plan, and those specialists then all work together to consolidate your tailor made plan to work towards your future.
The specialist investment team at Ellis Bates work closely with the advisors and you, the client, across all aspects of portfolio management to ensure your investments are working hard in line with your objectives and your attitude to risk. Without any restrictions and with rigorous research, they are able to provide you with a diverse portfolio across a range of asset classes and funds.
The specialist advisers at Ellis Bates will take the time to sit with you in order to fully analyse what it is you want to achieve for your retirement. With this information they can pinpoint an exact amount that you will need to save towards and help you align your assets, pensions, and savings in order to achieve your retirement goals. Whatever your stage in life, the series of life cycle plans implemented by your adviser will help you ensure you get the best possible income in retirement.
Inheritance, Wills and Estate Planning
Ellis Bates have nurtured long enduring relationships with clientele and their descendants in order to provide continuous guidance across generations and ensure that any assets are best positioned in order to protect family wealth. They work hard to reduce inheritance tax liability and protect assets in cases of death, divorce or bankruptcy.
The advisers at Ellis Bates can access the best products and levels of cover from across the entire market to ensure that you and your family are protected and cared for financially should the unexpected happen.
Positive Wealth Management
Suite 6, Gateway House, Newburn Riverside, Newcastle upon Tyne, NE15 8NXFind an Advisor
Positive Wealth Management offer customers completely independent financial services with products and services from across the whole of the market. They combine face to face personal guidance with market leading online solutions to provide clientele with a unique advisory service that is exclusive to their customers.
The advisers at Positive Wealth work with you to empower you to confidently make positive decisions with regards to your future. They help nail down your goals and aspirations in order to formulate a plan to help you achieve security comfortably. This is done by taking the time to fully comprehend your current situation with a face to face meeting to really get to know you, your present circumstances including assets and resources, and your future goals and appetite for risk. This information is then carefully collated and analysed in order to deliver better outcomes for your future.
Savings and Investments
Savings and investments are a complex area of financial planning and require experience and knowledge in order to perform well for you over time. The advisers at Positive Wealth consider aspects such as taxation, risk, time, and your future goals and couple this with their vast knowledge of the entire market in order to put the best strategy in place for your finances. This will all be explained to you in layman terms so you can fully understand and have confidence in the process from start to finish. Tax efficient tools that are utilised include:
- Unit Trusts and OEIC’s
- Investment Bonds
- Enterprise Investment Schemes
The advisers at Positive Wealth are on hand to guide their valued clientele through the complexities surrounding mortgages and the different products available. They take factors such as existing credit agreements, the size of your deposit, and your overall credit rating into account to help you reach an amount that you could afford to borrow on your mortgage. All advice is administered on a case to case basis and completely tailored to you and your individual needs whether you be a first time buyer, buying to let, remortgaging or looking for equity release on your current property.
Rotterdam House, 116 Quayside, Newcastle Upon Tyne, NE1 3DYFind an Advisor
At Akrivis Wealth you obtain simple, precise, easy to understand guidance that can elevate your finances to meet your current and future needs. The cornerstones of the service at Akrivis are accuracy and precision, giving you confidence that the bespoke, tailored service is working towards meeting your goals with discretion and dedication. Your adviser will use years of experience and knowledge to put the best possible plan in place for you, but it doesn’t end there. State of the art technology is then implemented to constantly test and analyse your plan to ensure it remains in line with your changing circumstances and the ever changing marketplace.
Akrivis implement their years of expertise and detailed knowledge of the constantly fluctuating marketplace to put a tailored investment portfolio in place to meet your goals, in line with your attitude to risk. They will stay ahead of any changes and constantly monitor and refresh your investments to ensure you money keeps working hard towards your future.
Akrivis work together with you to put adequate protection in place to safeguard yours and your family’s future. From life insurance, to income protection and critical illness cover, they can help give you peace of mind that you and your family are covered should the worst happen.
The advisers at Akrivis can help take the confusion and worry out of retirement planning and leave you safe in the knowledge that you can relax and look forward to a financially secure retirement. They access the best pension products from across the market to ensure you are well on your way to achieving the retirement lifestyle you aspire to.
Legitimately mitigating your tax liability can make all the difference to you and your family’s situation but the complexities surrounding taxes, as well as the constantly changing legal landscape can be confusing. The advisers at Akrivis can help remove some of the mystery to ensure your estate doesn’t end up in the hands of the taxman.
Amethyst Independent Financial Advisers LLP
Address:83 Howard Street, Newcastle upon Tyne, Tyne and Wear, NE1 1ADFind an Advisor
The advisers at Amethyst have no affiliation to any one provider and therefore offer a completely unbiased and independent service that utilises products and services from across the entire marketplace.
At Amethyst they can undertake a complete and comprehensive review of your current retirement by consolidating all your assets, pensions and savings to ascertain whether they are in line with your aspirations and whether you are making the most of tax benefits that are available to you so you can maximise on your pension pot. With this information they can work with you to put a plan in place, taking into account factors such as whether you wish to retire early or plans to hand some of your retirement funds to your beneficiaries as tax efficiently as possible. Once your new plan is in place and you are comfortably saving towards the retirement you aspire to, your adviser will constantly review and analyse the performance of your pension to ensure you are remaining on track and in line with changing circumstances and the constantly changing market.
Your adviser will work with you to establish what you require from your investments, be it capital growth or income or a combination of the two. Any existing investments will be comprehensively reviewed to ensure they are performing to the maximum and are still in line with your objectives. Your adviser will then take the time to fully comprehend your attitude to risk in order to establish a risk profile to be used alongside your time horizon to ensure your investments are working towards your goals. Your investment plan will include tax efficient strategies and constant reviews of your estate in order to minimise any tax liabilities and make use of annual allowances.
At Amethyst they work with you to identify the appropriate amount of protection for you, your family or your business in line with your complete plan and current circumstances. Regardless of whether you are seeking to provide for your family in the event of your death, or wanting appropriate income protection, the advisers can guide you through the different products from across the market to find the exact right cover for you.
Swalwell, Newcastle upon Tyne, NE16 3AS Find an Advisor
The advisers at B-advised have accrued many years of valuable experience and knowledge between them, in order to offer their valued clients quality advice alongside excellent customer service. They make their services available to clients outside of normal office hours and even across weekends at a time that suits you and can offer transparent, unbiased guidance across all aspects of planning including investments, pensions, protection and mortgages.
B-advised offer completely independent mortgage advice to suit a wide variety of mortgage requirements including first time buyers, remortgaging, equity release, and buy to let options. They have their finger on the pulse of recent changes to legislation and can help you navigate the complexities surrounding additional costs in order to secure the best product on the market for your unique circumstances.
Regardless of whether you are just starting your pension fund, or just about to retire, the skilled advisers at B-advised are on hand to guide you seamlessly through the entire process to help you secure the retirement to aspire to. They work with you, taking into account your current circumstances and any assets, investments and savings you have in place in order to put together a tailored plan for your retirement. With more choice and flexibility than ever before, they can help navigate complicated government legislation in order to secure a successful long term economic plan.
The advisers at B-advised can help you navigate the complicated investment market place in order to make decisions that can bring value to your portfolio. They can help you make the most of tax efficient wrappers such as ISA’s, Bonds, and OEICS to ensure your investment vehicle is as efficient as possible to give you the best possible returns.
At B-advised they look beyond just price in order to offer you a level of protection that is exactly right for your circumstances. Not only this, they are on hand to assist should you ever need to make a claim and will guide you or your family painlessly through the process in order to ensure that you can remain financially secure should the worst happen.
Cobalt Business Exchange, Cobalt Park Way, Newcastle upon Tyne, NE28 9NZFind an Advisor
The success and growth of Birchwood as a financial advice company lies primarily with the volume of client recommendations they get, a fine testament to their valuable service. Since 1999 they have been offering their clients completely independent financial guidance from across the whole of the market in order to grow and protect their wealth through the careful and meticulous management of savings, investment, pensions, mortgages, protection, and equity release products.
The highly skilled advisers at Birchwood have received the most comprehensive training in order to offer you knowledgeable guidance from across the entire market without any bias to any one product in order to ensure that any products they recommend are the best for you and your unique circumstances. They strive to help you identify and achieve your objectives in the most cost effective way, meeting your needs regardless of whether they are personal or corporate.
The Six Step Process
In order to ensure that no stone is left unturned, the specialist advisers at Birchwood utilise a six step process. This begins with an initial contact, an opportunity for them to gain an insight into your current circumstances such as life assurance, mortgages you have in place, pensions, savings, investments and bank statements. This initial contact also gives clients an opportunity to discuss their requirements and any issues that they are currently having.
The next step in the process is usually an initial meeting whereby your current position will ungo a professional assessment and the advisers will help you identify your goals and your attitude to risk, an essential step in order to put a tailored plan in place for you.
Step three involves putting together your bespoke recommendations in a detailed plan implementing your specific timescales and utilising products and services to best suit your needs from across the whole of the market.
In step four your adviser will discuss your plan with you in detail, ensuring that you are comfortable and fully understand every point in order to instill confidence moving forward and ensuring you understand any costs involved.
After this step five and six involve implementing and constantly reviewing your plan in order to ensure that it stays in line with your goals and objectives as well as the constantly changing marketplace.
Need help finding an Independent Financial Advisor?
Common questions Peter and the team get from investors in Newcastle
I see adverts for Financial Advisors Newcastle and Financial Planners in Newcastle, 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:
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:
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.
If I choose a local IFA in Newcastle 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.
How much should you pay a Newcastle financial adviser?
There are many variables as to how much a financial adviser will charge you including the specific advice you are after and the billing structure. Some of the different ways that you can expect to be billed for the services of a financial adviser include:
An hourly rate, which in the UK will average at around £150 an hour although you can expect to be charged anywhere from between £75 to £350.
A set fee. This can be the case should you wish to engage the skills of a financial adviser for a specific job.
A monthly fee is often agreed for ongoing financial advice such as managing investment portfolios. This can be done in one of two ways, either via a percentage of the amount of money you are investing with them or alternatively as a flat fee.
There are many elements that will affect the fees that you are charged for financial advice, including the level of qualifications that the adviser is in possession of, the location of the adviser, the complexity of your situation, and how the service is delivered.
Many financial advisors will offer a free consultation in order to discuss their expertise and the fees. This is a great way to establish whether they are the right service for your needs.
What is the difference between independent financial advisors in Newcastle and a financial adviser in Newcastle?
A financial advisor in Newcastle 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 Newcastle have access to the entire market and can therefore match the best product for your situation. An independent adviser in Newcastle 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.
How do I choose an independent financial adviser in Newcastle?
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 Newcastle.
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 Newcastle. Face to face advice can help build a trusting relationship with your adviser should you require ongoing support.
Whilst an independent adviser in Newcastle 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 Newcastle to discuss their payment structure and find an arrangement that suits you and your individual needs.
How do I find a good IFA in Newcastle?
A good place to start is to seek a personal recommendation for an IFA in Newcastle. 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 Newcastle using our reviews, alternatively you can speak directly to Peter and the team here who will help you for free