We all want our money to work hard for us and help us achieve our goals in life, but some of the big decisions, such as securing a mortgage, or drawing down a pension, are often one off events that make us more aware that we are lacking in the experience and knowledge to make sound financial decisions.
This is where a financial adviser comes in. Financial advisers Isle of Wight are local experts that have the necessary industry experience, qualifications and are regulated by the Financial Conduct Authority to help you make the right decisions. Choosing the right financial adviser on the Isle of Wight, that suits your needs, is important and one of the best steps that you can take for you and your money. Having the peace of mind that all your finances are in order is priceless.
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Finding the Best Financial Product on the Isle of Wight
Picking the right independent financial adviser can arm you with the best financial advice to invest in the best products. Broadly put, a financial product is something that helps you save, invest, protect yourself against loss, plan for retirement and long term care, or manage your finances.
Some of the common financial products include:
- Financial planning or tax planning
- Mortgage and equity release
- Protection insurance
- Pensions and pension transfers
- Wealth management
How A Financial Adviser on the Isle of Wight Can Help You
Some independent financial advisers have specialist knowledge in specific products and how they can impact your finances, and therefore we aim to match you with the best possible Independent Financial Advisor on the Isle of Wight to service your specific needs whether it be:
- Investing into your pensions advice
- Retirement planning on the Isle of Wight advice
- Investing into your stocks and shares ISA
- Mortgage advisers on the Isle of Wight
- Protection insurance advice on the Isle of Wight
- Investments advice on the Isle of Wight
- Financial planning advice on the Isle of Wight
- Life insurance advice on the Isle of Wight
- Equity release advice on the Isle of Wight
- Inheritance tax planning advice
- Wills advice
- Tax advice on the Isle of Wight
- Financial services for business advice on the Isle of Wight
- Particular needs of business owners and directors on the Isle of Wight
Independent financial advisers on the Isle of Wight can help make your money work for you and help you achieve your desired results, using sound investments and careful financial planning.
Why You Should Look For An Independent Financial Advisor Isle of Wight
There are several reasons why it is an advantage for you to seek financial advice from an independent financial adviser with an office on the Isle of Wight. Selecting financial advisers on the Isle of Wight who provide a face to face service, affords them the opportunity to better comprehend your unique situation and offer you a bespoke service which is tailored to your individual needs and goals.
This is also an opportunity for you to gain a solid understanding of how the financial advisers use financial planning to make the best decisions with your money, affording you greater security and building a long lasting, trusting relationship.
Of course, you should always ensure that the financial advisers you choose are accredited by the Financial Conduct Authority in order to ensure that the advice you receive is operating from within the law and it is prudent to check that they have offices on the Isle of Wight. Information on provisions, contact information including email and whether they are regulated by the Financial Conduct Authority can all be found on the company site.
Here is our round-up of Financial Advisers on the Isle of Wight
Tudor House, Bath Road, Cowes, Isle of Wight, PO31 7RH
The independent financial advisers at Aspen Wealth Management Isle of Wight employ extensive knowledge, across a vast range of financial products to formulate investment strategies that offer clients structured and logical funds, available across a large body of firms.
Aspen Wealth Management focus on the client objective rather than the sale of financial products in order to best help their clients reach their financial destination. They utilise decades of experience and tried and tested strategies to provide their clients with proven investment solutions. Their unbiased, equitable advice is completely tailored to your unique goals and aspirations regardless of your desired outcome. Services include:
The highly skilled team of independent financial advisers at Aspen can help you work out when you can afford to retire and what your retirement might look like taking into account factors such as long term care and providing for your children.
At Aspen the financial advisers can take the confusion out of various pension pots and match you with the best product to get your pension savings working as hard as possible for you.
With decades of experience and completely impartial advice, Aspen can help provide you with the best possible investment opportunities to boost your wealth and help provide for your future. They employ a passive fund management strategy and will guide you through the process every step of the way.
With clear, concise management, Aspen can help you legitimately reduce the amount of tax you currently pay. Whether it be income tax or inheritance tax, the financial advisers at Aspen will take the time to review your current circumstances and put conclusive recommendations together for available allowances and opportunities.
Annuities and Income Drawdown
The financial advisers at Aspen can draw on their expertise in the field of annuities to explore the very best options for you and your retirement. With the flexibility to either purchase an annuity or draw down a lump sum from your pension pot, their years of experience can give you the advice you need to pursue the financial future that you aspire to.
Solent Wealth Management, 9a Bath Road, Cowes, Isle of Wight, PO31 7QN
Solent Wealth Management is a partner practice of the long established, and well respected, St. James’s Place Wealth Management, meaning clients have the peace of mind that they are in experienced hands. St James’s Place currently manage over £108.8 billion in client funds including businesses and private clients from a wide range of financial backgrounds.
The financial advisers at Solent Wealth Management pride themselves on providing a personal, client focused service that puts your financial objectives at the forefront of all their business dealings. They strive to deliver solutions and opportunities that are exactly right for your financial requirements and no two clients are ever treated the same.
With face to face advice local to the Isle of Wight, Solent Wealth Management focus on building long lasting relationships with their clients so they can fully understand their financial aspirations and therefore deliver quality solutions via a personal and distinctive approach. Services include:
Regardless of whether you are seeking to invest for income or growth, the advisers at Solent will guide you through the process every step of the way to ensure your portfolio is working towards achieving your financial goals. They work across a wide range of global asset types to create the best performing investment opportunities for your unique circumstances.
Securing the most appropriate advice is a crucial step towards helping you reach your retirement goals. Solent can review all your existing products and put solid, educated recommendations in place to help you feel confident about your future and any long term care you might require.
Protecting You and Your Estate
With their expertise the financial advisers at Solent can help protect you and your family from unnecessary liability which could put your estate at risk. Their experience can help you navigate Inheritance tax, capital gains tax, illness and loss of income to provide you with the correct level of protection for your unique circumstances.
Banking and Mortgages
Buying a home is one of the most substantial purchases most people will make in their lifetime and Solvent draw on years of expertise on the vast array of products available in order to provide you with the best recommendations for your circumstances and to ensure they secure the best mortgages for you.
139 High St, Newport, Isle of Wight, PO30 1TY
True Potential is one of the fastest growing wealth management groups in the UK today. The advisers combine a modern approach with years of expertise in order to provide their clients with innovative solutions to creating a wealth management plan that can exceed expectations.
At True Potential the advisers understand that the most reliable way of achieving your financial aspirations is with the best advice that is completely tailored to your individual needs. The financial advisers will take the time to get to know you so together you can expose the real reason behind your investment goals and create a truly bespoke financial plan to help you achieve those goals. Services include:
Regardless of the size of your current capital, the True Potential financial advisers can find the right investment opportunities from a vast range of options to fit your particular circumstances and help grow your wealth in order to achieve your financial aspirations. True Potential will assess your appetite for risk and match you with investments from across the whole market in order to create a truly bespoke plan. Clients of True Potential are also able to access their exclusive True Potential Strategy Fund Range as well as True Potential Investments’ no-fee ISA and Pension accounts.
Keeping You In Control
At True Potential Wealth Management, they harness the power of technology to give you unparalleled access and complete control of all your financial dealings in one place. Their personal client site is a secure and comprehensible gateway with several game changing functions such as the ability to track the performance of your finances and analyse your investments.
Four Step Process
At True Potential they ensure a consistent level of service by employing a four step process so you can be sure you are getting the best advice available.
The first step is getting to know you and your unique situation. Your personal and financial circumstances will be examined along with your existing assets and resources. The financial advisers will also take this opportunity to better understand your financial aspirations in order to deliver better outcomes.
This is followed up by a thorough analysis and design of your unique plan in step two before presenting their recommendations to you in a comprehensive format in step three. Step four consists of the ongoing commitment to providing a high level of service and constant review to ensure maximum performance.
Palmers Brook House, Park Road, Wootton Bridge, Ryde, Isle of Wight, PO33 4NS
At Ingard IFM you can be assured that you are getting an unparalleled level of service from an independent financial advisor that has at least two decades of valuable experience under their belt. Ingard pride themselves on offering a truly personal service that addresses the needs of their clients rather than selling off the peg solutions to the mass market. Services include:
Ingard IFM understand how important it is for you to have the right pension in place in order to enjoy your retirement in comfort. They will work with you in order to identify the amount you realistically need in savings in order to achieve this and will then evaluate products from across the entire market in order to identify the one that will best suit your individual requirements.
Purchasing a home is often the biggest financial commitment you will undertake in your lifetime and therefore it makes sense to get the exact right product to match your unique requirements. The advisers at Ingard can help take the confusion out of elements such as Fixed, Variable, Discounted, Capped and LIBOR rates and narrow this down to find the best rate and the best mortgages for you. Whether you are a first time buyer, buying to let or simply looking to release equity, they have the experience and expertise to ensure you make sound financial decisions for your future.
Investing is a complex business but the advisers at Ingard they strive to achieve the perfect balance of diversification in order to ensure that you are investing the right amount, in the right area, at the right time with the appropriate amount of risk for your situation. They take tax implications into account and select the right combination of structures to compliment your objectives.
Free Initial Consultation
At Ingard they want you to feel completely happy that their independent financial advisor is the right fit for you. That’s why they offer a completely free, no obligation initial consultation and what’s more, clients can enjoy ongoing charges which are historically around 40% lower than the industry average.
Quinta, The Cliff Path, Monks Bay, Bonchurch, Isle of Wight, PO38 1RL
With offices in both the Isle of Wight and London, Liddelow provide expert financial planning for both corporate and private clients. It is their profound belief that each individual has a distinctive set of requirements when it comes to financial planning, and therefore they strive to provide a service that is as unique as you are. They work hard to get to know you and your individual circumstances, along with your aspirations and financial goals, in order to draw up practical solutions that can help you secure your financial ambitions.
At Liddelow, they will take the time to sit down with their private clients without any cost to them, in order to ascertain their short, medium and long term goals, as well as thoroughly examine their current financial situation. Providing an unparalleled customer service experience is at the heart of everything they do so once they have spent the time to thoroughly examine your requirements, they will analyse the whole of the market in order to select the very best products and services to meet your specific needs. To name a few, some of the areas where they can provide an invaluable service include:
- Retirement planning
- Estate planning
- Investment planning
- Protection planning
- Savings planning
- Mortgages and equity release
Once your perfect financial roadmap is in place, the advisers at Liddlelow will work with you to constantly review and refine your financial plan in order to ensure you meet your financial goals and respond appropriately to changes in both the market and your individual circumstances.
At Liddelow the advisers work with their corporate clients to ensure the successful continuity of the business by using their experience and expertise to maximise investments made with company profits. They can also help take some of the headache out of being an employer by advising you on the best benefits in order to attract and retain the most valuable employees for your business. Liddelow are completely independent and therefore the advice they offer you on products and services is wholly in your best interest including:
- Corporate pensions
- Group life and protection
- Corporate Investment
82 Silver Trees, Shankin, Isle of Wight, PO37 7ND
At Stephen Trowbridge they believe that only by getting to know the client and building a healthy relationship, with an extensive knowledge of all their aspirations and requirements, can they offer a truly personal service that can best meet that person’s needs. That’s why they commit the time and resource towards collaborating with their clients to build a solid strategy from which to offer the very best advice. Services include:
Protecting our income, property and family is essential for complete peace of mind and to ease financial distress during emotionally difficult times. However, there are hundreds of products available to choose from and it is essential that in order to ensure that you have the correct level of cover, at the best price, that you select the product that is best suited to your individual needs. That’s why supplying independent financial advice is so important to Stephen Trowbridge as they can access and assess the entire market, and sort through all the jargon, to find the very best product for you.
At Stephen Trowbridge the advisers are on hand to give their valued clients experienced and educated advice on protection including life protection, business protection, and income protection.
There are few transactions that will come close in size to that of buying a home. That’s why Stephen Trowbridge works with their clients to take some of the confusion out of the various products available to find you the very best deal to suit your unique circumstances. They believe that you shouldn’t just accept a lender’s offer, but should find the offer with the most suitable interest rate deal, associated fees and best enhancements. They can work with you to establish whether you would benefit more from a repayment method, interest-only method or a combination of the two.
Savings and Investments
Having a pot of money to one side can help us save for the things we need such as a car or holiday, or may just be for protection against unexpected outgoings. The advisers at Stephen Trowbridge can help you distinguish between savings and investments and establish which products would best suit your needs.
Whatever your stage in life, the advisers at Stephen Trowbridge can help you prepare for your future by explaining, recommending and monitoring your pensions. They take all the confusion out of the various pension and retirement options and help make your savings work hard towards your financial goals.
Mill Court Cottage, Furrlongs, Newport, Isle of Wight, PO30 2AA
The highly qualified team of independent financial advisers at Rouse are committed to helping you prepare for whatever life throws at you whilst carefully planning for your future and providing financial security for the here and now.
They access the entire market to bring you the very best products to meet your financial aspirations. Services include:
At Rouse the team of advisers will perform an extensive and impartial analysis of the market in order to offer clients comprehensive advice on saving and investment products, pensions, mortgages, tax, trust planning and non-investment insurance products. At Rouse they work with you in order to best understand your unique circumstances and appetite for risk in order to formulate the most appropriate advice for your situation in the following areas:
- Savings and investments
- Equity release
- Life assurance
- self -invested personal pensions (SIPPS)
- Commercial and residential property purchase financing
- Key person protection for business
- Regular and lump sum investments
- Capital gains tax planning
- Income protection
- Trustee investment
- Retirement planning and long term care
- Private medical insurance
- Inheritance planning
- Income tax planning
At Rouse the advisers have processes in place in order to best understand your potential for risk so their team of investment experts can draw up the most risk-effective investment portfolio for you. They will then identify the assets within your individual investment portfolio into the following classes:
- Fixed interest
- Commercial property
- Other forms of investment (ie hedge funds, unit trusts or fine wine)
Your advisor will then work across a number of fund managers and funds in order to create your individual investment portfolio and ensure that it continues to perform as expected for you.
Rouse perform a comprehensive assessment of a wide spectrum of mortgage products in order to identify the most appropriate solution for your unique requirements. Whether you are seeking a buy-to-let, residential or lifetime mortgage, Rouse are not tied to any one lender and can therefore offer impartial and honest advice to best suit your needs.
At Rouse the advisers take the time to liaise with estate agents, valuers, solicitors and other relevant parties in order to ensure that your interests are properly looked after when purchasing a home.
7 Westcombe Park, Westhill Road, Shanklin, Isle of Wight, PO37 6QE
With offices on the Isle of Wight, Peter Barlow offers professional financial advice combined with local knowledge and expertise to provide clients with a comprehensive list of financial services. Peter Barlow endeavours to fully understand your personal circumstances, as well as your financial aspirations and your appetite for risk in order to create a comprehensive strategy to protect and grow your wealth. This level of individual service along with Peter Barlow’s expertise and partnership with Positive Solutions, guarantees that clients will be provided with the best possible service in order to ensure they have the greatest amount of wealth available, both now and in the future.
Peter Barlow will help you map out the stages of your financial life and offer expert solutions tailored to your specific needs across the following areas of financial planning:
- Protecting your wealth – Finding the best products from across the market to ensure that you and your family are always protected should the unexpected happen.
- Property wealth – Whether you are buying a home, second home or buy to let property, Peter Barlow will find all the best products and services to ensure you get the most for your money.
- Managing your wealth – the advisers at Peter Barlow will ensure you are taking advantage of the very best tax-efficient investment opportunities to ensure you always have money available.
- Creating wealth – finding the right products and offsetting that against your appetite for risk requires the experience and expertise that Peter Barlow offers.
- Business wealth – helping you grow a small or medium sized business into a profitable venture.
- Preserving wealth – the advisers at Peter Barlow can help you protect and preserve your current wealth for both you and your families futures.
- Retaining wealth – working within the parameters of the law, Peter Barlow can help you navigate entities such as tax, to help retain your current wealth.
Peter Barlow is authorised and regulated by the Financial Conduct Authority as well as being supported by an award winning national organisation. This acts as an assurance to clients that they are receiving the highest standards of advice from a progressive finance professional.
26 Westhill Road, Ryde, Isle of Wight, PO33 1LQ
One of the things that really sets Thinking Finance apart in the crowded market place, is their generous customer loyalty scheme. They realise the true value of loyal customers and have relied on referrals as part of their business model for some time now. Customers are able to earn up to £100 for every referral that results in a product being taken out with Thinking Finance, however, they also realise that in order for you to comfortably refer their services to your friends and family, you have to be satisfied with the level of service you receive yourself.
With this in mind, Thinking Finance strive to offer a completely tailored and thoroughly researched solution that comfortably solves your financial needs. They prioritise the fair treatment of their customers and provide clear, concise information from the first meeting entirely at their own cost. During this initial meeting they will gather information about you and your needs such as your current income, debts, loans and deposits held including any investments already in place. As well as this they will take the time to discuss your future plans such as retirement, long term care and your appetite for risk so they can gain a picture of your financial aspirations upon which to build a tailor made portfolio. Thinking Finance are committed to offering you completely unbiased financial advice based on a comprehensive analysis of the entire market taking into account the benefit to you, any charges, flexibility, service and financial strength.
Unlike other IFA’s, Thinking Finance have a flexible payment structure that they will explain to you upon your first meeting. Whether you would prefer to move forward with an hourly rate, or whether a commission structure would better suit your needs, or indeed a mixture of both, Thinking finance can accommodate the structure to suit you.
Thinking Finance also endeavour to remain totally transparent about any commission they earn on products they recommend to you and will provide written reasons why they think the products they have selected can best meet your individual needs.
Innovation Centre, Centre Cross Business Park, Newport, Isle of Wight, PO30 5WB
Daniel Burns offers residents of the Isle of Wight a truly personal, bespoke financial planning service. As an Associate Partner of St, James’s Place Wealth Management, Daniel Burns has access to a wide range of providers that offer the very best solutions on the market and deliver to an excellent standard. Any advice or recommendations on products and services that clients receive from Daniel Burns is also guaranteed by St James’s Place giving you complete peace of mind.
Daniel Burns has successfully built up a loyal customer base, made up mostly of personal recommendations from existing clients, on the back of building long term trusting relationships. His valuable and extensive experience enables him to provide quality financial advice to both private and business clients, to the highest standards.
Daniel Burns will take the time to get to know you and your unique circumstances in order to deliver solutions that are tailored to you. It is his conviction that no two circumstances are the same and therefore there is no one size fits all solution. To best achieve this level of personal, single relationship for your financial planning needs, Daniel provides face to face financial advice as well as ongoing regular reviews to ensure the continuing success of all your financial dealings.
Regardless of your financial resources or stage in life, Daniel Burns is able to offer highly specialized advice in the following areas:
- Investment and savings planning to potentially grow your wealth and protect you from inflation.
- Retirement planning to ensure your financially viable future.
- Protection for you and your estate.
- Corporate Services to assist you in the running of a successful business as well as guidance on pensions, protection for directors, key employees or shareholders, tax planning and exit strategy planning.
- Banking and mortgages to manage your finances effectively.
St James’s Place currently manages funds and unit trusts of over £108 billion and provides expert advice across the United Kingdom on all areas of wealth management. Being an associate Partner of St James’s Place affords Daniel Burns the backing of an award winning FTSE 100 company as well as access to a distinctive investment management approach.
Most common question Peter and the team get from investors on the Isle of Wight
I see adverts on the Isle of Wight for Financial Advisers and Financial Planners, 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 advisers 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 and savings management
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 Isle of Wight based financial adviser, 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 advisers 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 appropriate to the United Kingdom.
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 financial adviser on the Isle of Wight?
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 Isle of Wight 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 planning 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 advisers 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 an independent financial adviser and a financial adviser?
A financial adviser, sometimes referred to as a restricted adviser, can only give advice on a limited number of products such as insurance, mortgages and pensions, so while they may be in a position to provide good advice, they don’t always have access to the best products to suit your unique circumstances.
Conversely, an independent financial adviser has access to the entire financial market and can therefore match the best product for your situation. An independent financial adviser has extensive knowledge of all financial areas including investments, savings, insurance, pensions, tax planning and family estate management and should be registered with the Financial Conduct Authority in order to ensure ethical practice in line with your best interests.
What does IFA stand for?
Simply put, IFA stands for independent financial advisor. An independent financial advisor on the Isle of Wight can take the time and guesswork out of maximising your current income, preparing for retirement, wealth management, and ensuring your family are provided for in the event of your death.
How do I choose a financial advisor on the Isle of Wight?
Commission driven products such as payment protection insurance have changed the way that financial advice is regulated in England. Tougher standards have been introduced banning commission driven sales and requiring advisers 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 investment advisor you come across.
Firstly, you should ascertain what your requirements 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 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 on the Isle of Wight. Face to face advice can help build a trusting relationship with your advisor should you require ongoing support.
Whilst an independent financial adviser 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 advisor financially. Bare this in mind when you are deciding whether to employ an independent financial advisor or a restricted financial advisor.
The last thing to take into consideration are the fees charged. You may need to meet with a few advisers to discuss their payment structure and find an arrangement that suits you and your individual requirements.
What is an independent financial adviser?
There are several products and services available on the financial market that you will require over your lifetime including insurance policies, mortgage advice, pension plans and banks. Whilst it is common for people to go direct to source without advice, you will generally only be able to purchase the products and financial services from that single source and they may not be the best available to suit your individual requirements and maximise on your financial planning.
An independent financial adviser has access to the whole of the market and can use their training and expertise to identify and offer to you the best product or investment to match your personal circumstances or business. In this way they can help you realise your financial goals and aspirations through careful financial planning.
How do I find a good IFA on the Isle of Wight?
A good place to start is to seek a personal recommendation for an IFA Isle of Wight. An IFA’s success with another client will speak volumes about their level of service.
Alternatively, you can find details of trusted IFA’s on the Isle of Wight using these webpages. You should take a moment to ensure that any IFA is regulated by the Financial Conduct Authority before you engage their services.
Sources & Useful Links:
Peter Field – CFA
Editor in Chief
Peter uses his many years of experience to oversee the reviews and guides published on InvestingReviews.co.uk
When not at his desk, Peter is training for his next triathlon and trying to be a great dad and husband.