Mastering the stock market with the 5 best financial advisors in Newcastle
It can be difficult to gauge how much money you might need before retiring. While doing your finances yourself can be admirable, professionals are more knowledgeable at it and can even stabilise your income for life.
Financial advisors are best at this. Their expertise lies in consolidating finances and creating structured plans to make money last.
That being said, I’ve compiled my choices for the best financial advisors in Newcastle. With their help, I’m sure anyone can live a life without worrying about breaking the bank.
How much does a consultation with a financial advisor in Newcastle cost?
A consultation with a financial advisor in Newcastle typically costs around £75 to £350 per hour. However, other factors may increase or decrease this price, such as the percentage of assets invested and specific services availed by the client.
1. Saltus
Address: Fernwood House, Clayton Rd, Jesmond
Contact Details: +44 191 281 8811
Operating Hours:
- Monday to Friday: 9:00 AM to 5:00 PM
Saltus is best for those looking to grow their assets or plan for retirement. With over 21 years in the business, they’ve advised over £9.7 billion in assets with unparalleled efficiency and care.
Prices here aren’t fixed and cater to the client’s overall assets. They, however, only work with clients who have £250,000 or more in investable assets. Those who have lower cumulative assets should look elsewhere.
Just like pricing, plans here are bespoke and created with a client’s plans in mind. They create a handy cash flow plan that many clients rave about. This is done with their unique software and has been a life-changing experience for some.
Investments with them use the Endowment Model. This model aims to provide clients with low-risk, high-reward investments, and I was impressed by the amount some clients received.
Taxes are a no-brainer for their firm due to its independence and its ability to offer advice based on a client’s best interests.
The structured products have given us some healthy returns
“Our previous financial adviser had lost us a great deal of money. We switched to Lowes after attending a seminar. We have always been impressed by their professionalism and unique approach. We have had the same adviser John Walton since day one. We wish we had joined Lowes earlier! The structured products have given us some healthy returns over a number of years and hope they will continue to do so.”
– Norma Freeman, Google Review
I have been exceptionally happy with the service and the overall support
“I have been with Lowes for a few years now, starting with consolidation of my pensions. I have been exceptionally happy with the service and the overall support I have received during this time. I even recommended Lowes to a family member and they are also happy with the service received. I would have no hesitation in recommending them when needed.”
– Neil Markham, Google Review
2. True Potential
Address: Gateway West, Newburn Riverside
Contact Details: +44 191 625 0350
Operating Hours:
- Monday to Friday: 7:00 AM to 8:00 PM
With over 611,000 clients, True Potential has successfully invested over £36 billion on their platform. Financial planning with them focuses on long-term goals rather than easily attainable short-term ones, resulting in higher overall yields.
I absolutely adore their free calculator on their website because I can calculate fees just from the amount of money I want to invest. Fees here are annually paid at 1.64%. It’s so small that you’ll barely notice it.
Their style is a holistic approach that integrates your needs into each plan, creating a unique plan for each client. Whether you’re planning your retirement pension to slowly accumulating savings for investments, these plans are sure to aid in growth.
Speaking of pensions, their personal pension is 25% tax-free from age 55 onwards. Additionally, I adore their app because I can track everything from there.
With all these great services considered, I was disappointed that consultations typically only happen once a year.
Great customer service
“I have been with True Potential for a while and I can say that my portfolio is doing very well!
I just found another pension to move across to them and my call with Emily Greaves just now was great. Straight to the point, very friendly and did what I needed. Great Customer service and would highly recommend them. Give them a call and see what they can do for you. I’m glad I did!”
– Tai Saxty, Google Review
Helpful, professional, patient, and friendly
“Had issues with drawing down funds from my pension due to an error I made, contacted true potential several times and each agent I spoke to was great, helpful and sorted my issues. Special mention and thanks to David Adam who helped me complete the relevant correct form. Very
Helpful, professional, patient and friendly. Made the experience seamless. Great job. Thank you”
– Mac Kulesza, Google Review
3. Plain Savings
Address: 40 Fawdon Lane, Fawdon
Contact Details: +44 191 213 5435
Operating Hours:
- Monday to Friday: 9:00 AM to 5:00 PM
Plain Savings isn’t just about your savings account, but they can also help choose mortgages and strategic investments. Unlike other services, they regularly review clients’ portfolios to see if they can improve their standings.
Their team aims to maximise pension value by analysing all of your assets. Additionally, the initial consultation is free, so there’s no strings attached if you don’t like what they’re offering.
The advice here is split between standard and bespoke. I’d go for the bespoke advice since it offers quarterly reviews and unrestricted access to ongoing communication lines with their team.
While the bespoke one is a bit more expensive, at around £850 annually, it’s well worth it because it also offers a flexible payment option.
I also adore their equity release services and life insurance, which help the elderly plan ahead and offer financial support to those they leave behind.
We had a fantastic experience
“We had a fantastic experience working with Leon from Plain Savings. From day one, he was very helpful and really fast at replying. He always gave clear & concise advice.
What really made the difference was how genuinely approachable he was. Nothing was ever too much trouble, and he clearly cared about making the whole process as smooth as possible.
We’re really appreciative for all his help and would 100% recommend him to anyone looking for a mortgage advisor. An absolute star.
Thank you very much!”
– Jack Cruz, Google Review
Absolutely fantastic service
“Absolutely fantastic service this is the 3rd time I’ve used Dave and his team with a special mention to Leon (this guy is great) who has been my advisor this time to complete my mortgage and everytime it has been the most truthful, helpful, professional and friendly experience I’ve ever had. They go above and beyond, with excellent advice and communication with no waffle or messing about, they are always at the end of the phone/text/email for any questions or help required. I would recommend them to anyone and from my experience they are much better than using advisors recommended by the estate agents.”
– Track Time, Google Review
4. Robinson Financial Careers (RFC)
Address: Rotterdam House, 116 Quayside
Contact Details: +44 7383 995750
Operating Hours:
- Open 24 hours
Over a period of 10 years, RFC has been consolidating and networking skilled and refined talents to provide incredible financial advice to their clients. While they’re only good for businesses, they do what they offer very well.
Impressively, they have a 98% retention rate, and their team relies on real-world training to improve skills. Given this retention rate, they focus on businesses in the medium- to long-term.
The client and professional assigned to them work closely with RFC’s chosen network, providing supportive promotion through their social media channels. Some have even used their expertise to find new staff, and they achieved amazing results.
Discussions are closely monitored by their professionals, so clients don’t have to worry about messing up a deal.
Bonus points for their payment plans, since these are taken near the end of the year rather than monthly, leaving the stress until the last days of the year.
Always been on hand to offer us advice
“Worked with Ian since we set up in 2013. Always been on hand to offer us advice and help us get the team we have today. Always has 5 minutes for a chat and a few pointers. Never too much trouble and his lloyalty is always appreciated.”
– Patrick James, Google Review
Very proactive and always happy to help
“I’ve worked with Ian on a number of occasions and I’ve always found him to be really focused, very proactive and always happy to help. He has great experience and I wouldn’t hesitate to recommend him as a business partner”
– Katy Bramley-Cooke, Google Review
5. St. James’s Place
Address: Broad Chare
Contact Details: +44 7946 163068
Operating Hours:
- Monday to Friday: 9:00 AM to 5:00 PM
Working with Wayne Marshall of St. James’s Place is an amazing experience from start to finish. He’s been working since 2002 to help clients understand their finances and make better choices.
Rather than using jargon, Wayne keeps his style simple yet understandable and effective. Every single piece of financial advice that he provides has a simple goal—the client’s goal. Whatever that may be, he’ll strive to achieve it.
His investment planning focuses on growth, as he compiles a well-thought-out, risk-rated portfolio for each client to choose from. Whether you’re looking for an ISA or a Unit Trust, Wayne and his team can get it ready for you as quickly as possible.
He also provides protection planning for sudden accidents, offering later-life planning that encompasses attorneys and insurance claims. He also offers disability insurance services, which is neat.
However, they’re a limited-advisor firm, so they’ll only recommend products from their own companies.
Wayne was amazing from the start
“Wayne was recommended to myself and my husband both having very little knowledge of our pensions. Wayne was amazing from the start meeting up with him on several occasions always making us feel very welcome, helping us understand and plan for our retirement. Wayne keeps us updated regular with how our pensions are growing. A fantastic service so pleased he was recommended to us we cannot thank him enough.”
– Karen Carter, Google Review
Has been a tremendous help in assisting me
“Wayne has been a tremendous help in assisting me with transferring my pension. The entire experience was positive and seamless. Wayne’s expertise and guidance made the process smooth and stress-free. I highly recommend Wayne for his professionalism, knowledge, and exceptional service. Thank you, Wayne, for a great experience!”
– Adam Wilkinson, Google Review