Financial Advisers in West Wales
-Please contact us by e-mail, telephone or by Fax for more details
of the products and services described in this web site.
Before taking up the service of financial advisers in west Wales there are a few things it is important to know. Of course you should expect to have to pay for any services you receive; a financial adviser does not hand out their knowledge for free. In some cases you will be able to pay for services on a commission basis, though most will charge fees, and in a few cases you will have to pay via both methods.
Financial advisers in west Wales will often charge a set fee based on an assessment of how complicated your needs are, or in other cases you will be charged an hourly rate, as with a lawyer. If you pay on a commission basis, you won’t have to pay anything up front, instead your adviser will take their fee out of the money you pay to the provider whose products you have been advised to take. One important aspect of this to take into account is the tax implication of paying on a fee or a commission basis. You will have to pay vat on any fees payable, but commission based payments are not taxable.
All financial advisers, whether in England or west Wales, are regulated by the financial services authority. This means that all independent financial advisers are registered on a central register accessible to the general public via the FSA’s web site. What this does is allows us to check up on a financial adviser before deciding to take their services.
You are also protected by a complaints procedure which enables you to formally put forward a case if you feel you have been misadvised. Furthermore if your adviser doesn’t seem to be progressing your complaint you can involve the financial ombudsman who will no charge you for their involvement.
Some people choose to take their financial advice from their lawyer or solicitor however it is important to remember if considering this approach that they do not specialise in this arena, as financial advisers in west Wales do. It would be shrewder to go to the experts.