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2020 Financial are a boutique IFA and Pension Transfer Specialist providing tailored Independent Financial Advice, retirement planning and investment advice.
Conveniently located on the South Coast, we are proud to serve clients throughout Hampshire, including Romsey and the New Forest.
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No fees, no commitment, no hard sales, just a quick chat with one of our experts to see if we can help
We believe financial advice should be 100% bespoke and centred around your personal wealth goals.
We also believe that you should work with a financial advisor that cares as much about your financial freedom as you do. And that’s our promise; to form a partnership where our ultimate mission is to help you achieve your future aspirations, through simple actions today.
From our base on the beautiful south coast, we are able to support clients from across Hampshire, including Romsey, the New Forest and Winchester. While our clients come from all walks of life, they all share one core goal: to enjoy the freedom and joy of a stress-free retirement.
Independent Financial Advice available for Romsey Clients
We think you'll love our tailored service
We provide bespoke, independent financial planning and a range of wealth management services for clients in Romsey. These include:
We deliver the very best tailored, specialist advice on all types of pension and are one of the few qualified pension transfer specialists in the industry. We can advise you on everything from defining and reaching your financial goals, the intricate details of taking tax free cash and how to efficiently (and impactfully) plan your pension drawdown.
We’re here to help you build a retirement plan designed to make sure you get to experience the kind of retirement you've always dreamed of. We are experts when it comes to creating robust, risk-sensitive plans, and will also provide early retirement advice, legacy-planning guidance and steps for tax-efficient saving.
Come to us for independent advice focused on your unique circumstances, needs and goals for the future. You will also gain access to our exclusive hybrid investment model offering you unparalleled access to the best investment brains in the world.
DEFINED BENEFIT PENSION TRANSFER
We are qualified pension transfer specialists who can offer specialist advice and analysis if you’re considering transferring your defined benefit pension. You’ll also find a range of free resources we’ve created to help you understand the risks and benefits involved.
Here at 2020 Financial, we are committed to giving you the information and support you need to create the future you want.
Get the right information
Explore our gallery of free guides - because informed is empowered.
Visit our retirement blog
Read our expert advice on how to get more from your pension.
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Just a few of the reasons Romsey clients choose 2020 Financial.
NOT YOUR AVERAGE FINANCIAL ADVISOR
- 100% tailored 1-2-1 indpendent financial advice from a retirement planning and pension specialist
- 24-7 access to our intuitive, multi-layered investment platform
- An investment strategy that recognises your current life and future commitments, all geared towards helping you achieve financial freedom
- Support from the world’s most innovative investment minds
- A non-judgemental, collaborative Independent Financial Advisor who works purely within your best interests
- Totally transparent pricing and absolutely no hidden costs… ever
The person behind the business
We don't believe in generic robo-advice, middle-men or frustrating call centres. We believe you deserve expert tailored advice to help you make the right decision, so you'll always deal directly with Simon Garber, our Independent Financial Advisor and qualified pension transfer specialist.
Since 2007, 2020 Financial has been helping clients from all walks of life create a better future for themselves and their families.
At the helm is Simon Garber, a Pension Transfer Specialist with over 15 years of experience. Simon is passionate about showing people that there is another way to do things, and that anyone can achieve financial freedom with the right guidance and support.
He believes that work life balance is the key to getting the most out of life, and his advice is built around this mentality.
We’ve been serving clients on the south coast for over a decade.
This is what they have to say.
Duncan Bartlett, One Way Resourcing
"...they never over complicate complex issues"
They never over complicate complex issues and get their point across in a clear and concise manner. I have always found them to be trustworthy and diligent. I have no hesitation in recommending them.
Frequently Asked Questions
It varies, massively. The average Financial Adviser charges around 1% for advice and then you'll pay your investment fees on top of that It’s important to understand all of the costs you could be incurring.
When you first engage a financial adviser, you’ll normally be paying for one of 2 things –
- The initial work – provide advice, do research, set up your investments,
- Ongoing management fees – manage your investments, rebalance your portfolio, reporting.
Financial Advisers don’t all charge the same way, so you might find it difficult to compare like for like. There are a number of ways you could be charged:
Flat fees are a one-off charge for the advice and implementation you receive. If you are commissioning a report or setting up something simple like an ISA you’ll probably pay a flat fee.
You might also pay a fee for the initial work and then a flat annual fee for reviews or for any additional work your adviser does.
Some advisers may charge by the hour for their work. You should be aware that with complex cases the research and time involved to conduct the work might be extensive. Make sure you are aware of how long the work is likely to take.
Percentage of the Investment
Most Financial Advisers will charge a percentage of your investment amount as an ongoing fee. Some investment work is highly specialist and you may be charged more for it.
The adviser is charging for their time, expertise and they are also charging for the risk that they are taking on as a business.
Other costs of Financial advice
Aside from the upfront charge and ongoing fees for financial advice that you might pay there are other investment costs involved that your financial adviser could influence. Depending on the advice they give, they could save or make you a considerable amount of money, or cost you far more than you need to pay.
You’ll typically pay around anywhere between 0.75%-1.25% per annum for ongoing financial advice (find our fee structure here).
We have seen some Financial Advisors charging as little as 0.35% – 0.5% but often find that when this is the case, they are outsourcing their investment decisions to a Discretionary Fund Manager, adding another layer of costs, which could typically run to another 1%.
There are investment charges that you’ll have to pay whether you choose to self-invest or use a financial adviser, but be aware, if you’re using a tied adviser (e.g. St James Place, High Street Banks) you’ll only be offered their own investments, which can, in some cases, be significantly more expensive than the alternatives available.
Types of investment fees involved:
- Platform product cost
- Investment fund cost
- Additional costs
- Annual SIPP fees,
- Drawdown charges,
- Transactional costs to change investments
- Exit fees
Read our full article on the costs of financial advice
If you look at the research, yes.
Research by the by the International Longevity Centre-UK (ILC-UK) backed by Royal London found those who received Financial Advice added up to 39% more to their liquid assets and 21% more to their pension wealth.
Much has been written about the costs of financial advice without the context of the value that a Financial Advisor or Wealth Manager brings to the table.
The right financial adviser will be worth their weight in gold.
It’s not just about investment returns, they are experts in the rules surrounding pensions and investments, the tax-efficiencies they can offer you alone more than cover their fees. Not to mention managing your risk, monitoring your investments and making they’re on track.
Research published by Royal London shows that financial advisers can leave you significantly wealthier, even when taking into account fees. Wealth managers can't just make you money, they can also save you from making costly mistakes with your investments and save you from paying unnecessary tax by maximising your tax-efficient investment options.
And it's not just for the wealthy: According to the research, the added wealth equated to an extra £43,245 for the ‘affluent’ set and £39,895 more for those deemed ‘just getting by’.
Our Independent Financial Advisors in Romsey can:
- Help you make informed financial decisions
- Keep you on-track for your long-term goals
- Save you money by sourcing competitively priced investments
- Make sure you don’t get stuck in poorly performing investments
- Reduce your investment risk through a properly diversified portfolio
- Advise when to adjust your portfolio, and when to sit tight
- Provide a reasoned, informed and non-emotional response to market fluctuations
- Help you with retirement planning, Estate and legacy planning
In short, an Independent Financial Advisor can take the stress and worry out of investing and provide support to enable you to reach your long-term goals.
An Independent Financial Advisor should be looking after your money for both the short and long-term. It's a relationship that could span decades, so you want to be sure you're making the right choice.
Firstly, get to know them. Ask yourself:
- Do you like them?
- Do you like their approach?
- Are you being given all the information you need to make an informed decision?
- Do they come recommended?
Choosing a Financial advisor: Don't base it on a gut feeling
When it comes to choosing a financial advisor, don't base your decision, purely on a gut feeling. They might seem like a perfectly lovely person but that's not the only thing that matters
- Look at their costs - are they comparable and competitive to others?
- Ask to see their results - how do their investments perform against industry benchmarks?
It's no good choosing an IFA because you like them, just to find out they have a poor track record in their investment decisions or that you'd be just as well with your money in a tracker fund.
Choosing a Financial advisor: Questions to ask
You’re trusting a financial adviser to help you make important financial decisions, so there’s a few questions you should ask them before you decide whether or not to work with them.
Are you Authorised by the Financial Conduct Authority?
Only Financial Advisers that are regulated by the Financial Conduct Authority are authorised to give financial advice in the UK. The FCA is the body that protects consumers. Any investments made outside of an FCA regulated firm, will not be covered by the consumer protection that they offer.
You should be able to find them on the Financial Service Register. Ask for the FCA register number (FNR Number) and also check what type of work they are authorised to do. Some work, like Defined Benefit Pension Transfer, can only be carried out by a Qualified Pension Transfer Specialist holding (G60) or (AF3) qualifications.
Our FNR number is 497332 and you can find us on the Financial Service Register here.
Are you tied or independent?
Tied advisers can only offer advice on a select number of investment products available through their employer or network. Independent Financial Advisers have access to the whole of the market. Independent Financial Advisers have more flexibility to find something that matches your needs more closely, and they may be able to offer you more competitive products.
You should be aware of whether the adviser is tied or independent. If they are tied, it is worth seeking a second opinion or quote from an independent financial adviser.
Is this investment regulated by the Financial Conduct Authority
Most of the horror stories you read about people losing their life savings are through bad investments in unregulated investments. These are the types of investments that offer a too-good-to-be-true promise of high returns with no risk, when, in reality, the opposite. is true - they are high risk and can result in your losing everything.
Unregulated investments are not protected by the FCA, so if anything goes wrong, there’s no chance for compensation.
Make sure that you're not being seduced by the promise of high returns or putting your money at unecessary risk in unregulated investments. Ask the question, Do your homework and check with the Financial Conduct Authority if you're unsure.
Do you have experience of carrying out this kind of work before?
They should be able to provide you with testimonials, reviews and or case studies of similar work they have carried out before. Ideally you want to work with someone who has an established process in place.
If you want tailored Independent Financial Advice then it's likely you'll need to pay for it.
Since Financial Advisors are accountable for the advice they give out, you'll need to enter into a professional relationship with them. This protects you as the consumer and also makes sure that the recommendations made are the most suitable to you.
If you're just looking for guidance, i.e. "what are my options?" you'll find it in a number of places
Guidance services are not regulated by the Financial Conduct Authority (FCA). This means if things go wrong with your financial choice, you may not be able to complain to the Financial Ombudsman Service or Financial Services Compensation Scheme.
Find Free Guidance from:
If you are not sure whether you are receiving guidance or advice, ask the adviser or organisation to explain.
N.B. If you’re paying into a pension scheme, you can ask your pension provider about taking out up to £500 to pay for financial advice on retirement. You can do this once a year up to 3 times without a tax charge. Not all pension schemes provide this.