Free Financial Advice is available from a range of government organisations and charities, although the type of advice that is available tends to be limited.
There are a few options in the UK for free financial advice. You will not get the same range of advice available as compared with going to a paid for financial adviser, but there are still plenty of options. Most of the free advice deals with debt, budgeting and general guidance on finances. Below are some good places to start if you want to find some free financial advice in the UK.
The National Debtline is an independent organisation that provides free, confidential and impartial financial advice to people that are struggling with debt. They offer advice on how to deal with debts, how to make a budget, how to negotiate with creditors, and how to create a debt management plan. They also offer a telephone helpline which is staffed by experienced and knowledgeable advisors who can provide advice and guidance. They have a range of helpful resources and tools available to help you get back on track with your finances.
If you need more intensive help, National Debtline can put you in touch with a professional financial advisor who can provide more comprehensive financial advice and financial planning services. This includes advice on all aspects of managing your debts, such as getting out of debt, setting up repayment plans, dealing with creditors and understanding debt consolidation. A financial advisor can also provide advice on other areas such as budgeting, saving and investments, and retirement planning.
The National Debtline is run by the Money Advice Trust and can be contacted on 0808 808 4000 or found on the web at https://nationaldebtline.org/* and they also offer a webchat facility if you would rather not call up.
If you are in need of financial advice and support around dealing with your debts then the StepChange Debt Charity is a great place to turn to. StepChange provides free and confidential financial advice and planning to individuals and families who find themselves in difficult financial situations. This includes budgeting advice, debt advice, tailored financial plans and debt management plans. StepChange has a team of qualified financial advisors who will listen to your individual situation and offer tailored advice on how to sort out your finances and get back on track. They will provide guidance on the best way to tackle debt, set up a budget, and work towards financial goals. With StepChange’s expertise, individuals can make informed decisions when it comes to their financial wellbeing.
They can be found on the internet at https://www.stepchange.org/* or contacted on 0800 138 1111.
The Citizens Advice Bureau (CAB) is a fantastic free resource for individuals in the UK who are in need of financial advice. The CAB offers support from expertly trained and qualified financial advisors who can provide free financial advice, tailored to your individual needs. The CAB offers impartial and confidential advice on issues relating to debt, budgeting, benefits and tax credits, as well as general financial planning. They can provide information and support to help you develop your own financial strategies and make sound decisions about money. If you’re struggling with debt, CAB advisors can provide advice on managing it, or if you’re looking to save money, they can provide advice on how to do that. They also offer guidance on pension planning, investing and how to protect yourself against scams. If you’re seeking financial advice or support, the Citizens Advice Bureau should be your first port of call.
They can be found at https://www.citizensadvice.org.uk/* or reached on 0808 223 1133.
Money Helper, which is often still referred to by its previous name, The Money Advice Service, is a free and impartial financial advice service, which offers helpful guidance on how to manage your money. The Service provides easy-to-follow information on how to budget, save and borrow responsibly. It can also provide helpful resources for those looking for professional financial advice or support with debt.
If you’re in need of financial advice, the Money Helper can help you understand your options. The website offers online tools such as calculators to help you work out an affordable repayment plan or budget plan. It can also provide advice on such issues as dealing with debt, setting up a budget, saving money, and understanding tax and benefits.
Money Helper also offers access to financial advisors who can provide tailored advice on your situation. Financial advisors are professionals who have a broad knowledge of finance, economics, accounting and taxation. They can help you plan your finances by creating budgets and goals, understanding taxes, and exploring investment opportunities. They can also help you review your existing financial plans to ensure they’re still suitable for your current circumstances.
If you’re looking for free financial advice in the UK, then the Money Helper advice service is a great place to start. With the help of their free resources and access to experienced financial advisors, you can get the advice you need to make informed decisions about your financial future. They can be found online at https://www.moneyhelper.org.uk/* or reached on 0800 011 3797.
Many financial advisers (Leaf Financial Advisers included) will not charge customers for Insurance and Protection advice (this is because they receive a “Procuration Fee” from the insurer which pays for the advisers time). That is advice around products such as Life Insurance, Mortgage Protection, Critical Illness Cover, Income Protection and other forms of personal or business protection. Most financial advisers will be happy to give you a free protection review to see if there are any improvements that can be made to what policies you already have or if there are gaps in your coverage and then help you source the best policies for you and your situation.
When it comes to seeking financial advice, many people turn to their bank or other financial institution as their first port of call. After all, banks offer a wide range of services and products related to financial planning, such as mortgages, loans, and pensions. So, do they also offer free financial advice?
The answer is that while banks will often provide general information about finances and particularly about the services they offer, they don’t usually provide free financial advice as such. For more detailed information on the free financial advice that banks may offer please see our more detailed article on what financial advice banks offer, to find out in more detail what is offered and where.
If you need specific advice about your finances, you should contact a qualified financial advisor. A financial advisor can help you understand your options and make informed decisions about investing, saving, and managing your money. They can also provide advice on pensions and other long-term financial planning. When seeking a financial advisor, make sure to choose someone who is regulated by the Financial Conduct Authority and who is qualified to give you appropriate advice. You can check the credentials of a financial advisor before you decide to use their services.
For more information please see our article on how to find a financial advisor.
In conclusion, banks may provide some general information about financial planning, but they don’t usually offer free financial advice. If you’re looking for specific advice, you should seek out an experienced financial advisor who is regulated by the Financial Conduct Authority.
If you live in Bristol, UK and are looking for free financial advice, you have several options available to you. You can visit the local Citizens Advice Bureau for impartial, confidential advice about benefits, debt, housing, employment, legal issues, and more. The Citizens Advice Bureau in Bristol can be found at 48 Fairfax St, Bristol BS1 3BL.
There is also StepChange Debt Charity who are a charity which offers free debt advice and support to those who are struggling with debt problems. The charity has a number of dedicated debt advisors who can provide advice over the phone or by email. The closest office to Bristol is just over the channel at 33-35 Cathedral Rd, Pontcanna, Cardiff CF11 9HB.
The National Debtline also provides free advice on debt and money management to people in England, Scotland, Wales and Northern Ireland. Additionally, The Money Advice Service offers free online and telephone guidance on money management, debt and budgeting. They work locally with the Bristol City Council through the council provided Welfare Rights and Money Advice Service and can be contacted on their helpline on 0117 35 21888.
Banks in Bristol may also offer free financial advice from their trained financial advisors. It’s worth shopping around to find the best deals and asking banks if they provide any financial planning services that are free of charge. Some banks may even offer tailored advice based on your individual circumstances.
Overall, Bristol has plenty of options when it comes to seeking out free financial advice. Whether it’s budgeting, debt management, or financial planning, there are several organizations that can provide assistance. It’s important to do your research and speak to a few different sources before making any decisions about your finances. If you would like to speak to a local Bristol Financial Adviser, then Leaf Financial Advisers will be happy to help and offer a free consultation. Please get in touch on 01173 823 823 if you would like to discuss further.
When it comes to managing your finances, it is important to make informed decisions. That is why many people turn to financial advisors and financial advice for help. But financial advice can cost money and the costs for some types of financial advice (for example, Defined Benefit pension transfers) can be expensive. As such it may be worthwhile to seek out some of the free financial advice on offer from the charities and government’s services that offer it.
There will be a limit in the amount of financial advice you can get for free. If you are curious how much paid for financial advice can be then it may be worth contacting an IFA who does a free initial consultation to see what type of advice you could receive how much it is likely to cost and better understand what options you have.
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