Financial Advisor Addlestone Surrey (KT15): It can be a challenging experience trying to find a decent independent financial advisor in the Addlestone area, especially if it is the very first time that you're in search of financial advice. Whether you're looking for investment, mortgage, pensions or even insurance advice, all qualified financial advisors have one thing in common; they must all conform to the regulations laid down by the Financial Conduct Authority (FCA). The advantage of this is that if a financial advisor who is FCA approved gives you bad advice, and anything goes wrong, you've got guarantees, and can go to the Financial Services Compensation Scheme or the Financial Ombudsman to have it put right.
Relatives and friends recommendations can be a good starting point in selecting a financial advisor in Addlestone, but bear in mind that their circumstances may be different to what you are looking for. Financial advice should be specifically tailored to your unique situation, and you will find that certain financial advisors may not be appropriate for you. To explore the options they can provide and find a financial advisor that you can trust and feel at ease with, it pays to talk to at least three different companies, because picking a financial advisor is a big decision.
There are two principal types of financial advisor in Addlestone; independent financial advisors (IFA) and restricted advisors. An independent financial advisor should not be confined to a single company's products and services. Independent financial advice must cover the entire gamut of financial companies and products, and must be offered in an impartial way. This will permit you to choose from the broadest range of products to match your needs. If you go to a restricted financial advisor you will discover that they might be limited to services and products of a specific provider, or as with a mortgage advisor, will only be concerned with one solitary product.
Before any financial advisor in Addlestone accepts you as a client, they are required by the Financial Conduct Authority to be fully transparent with you about their charges. Depending on the product you require, you could be charged by the hour, a set fee or perhaps even a specific percentage of your investment. To discuss your goals and see if the advisor is the correct fit for your circumstances, a free initial consultation might be offered. Your account may be looked after by a team rather than a single advisor, if you opt to go with one of the bigger Addlestone companies.
Before any advice is handed out you'll have to complete a confidential disclosure form, known as a "Fact Find" document, which tells the advising company about your financial situation and desired goals. An Initial Disclosure Document, or Key Facts Document will also be handed to you, to provide details of the financial advisors themselves, explaining their range of permissions in the financial market and their status to offer independent or restricted advice. If you're not satisfied with the service provided, and wish to complain, this document should also set down your legal rights and the options you can take. It should outline exactly what you are signing up for, and any potential risks and benefits that exist if you opt to accept the advice offered, and it has to be laid out in plain language. You'll find the level of cooling-off period in the Key Facts Document. This enables you to cancel your contract with the financial advisor within a certain time frame, and whenever any penalty charges have to be paid.
The first time you are chatting with the financial advisor you should check what qualifications and experience they've got. Do not be embarrassed about asking such questions, after all you're on the verge of entrusting your long-term financial wellbeing to their expertise. A Level 4 qualification is the minimum required certification for any financial advisor in Addlestone, and they must also be in a position to present you with an annual Statement of Professional Standing. If your advisor's name doesn't show up on the Financial Services Register, you shouldn't panic, the firm the individual works for will almost certainly be on the register and their staff are all covered by the legislation. If they're unable to provide these accreditations, the person cannot offer advice but can offer financial guidance. In terms of finance guidance is somewhat different to advice and is not regulated in the same way. Therefore there isn't any recourse for either party if mistakes are made.
You will be asked about the level of risk you are ready to take, if you are seeking advice on investing money. Better rewards may be possible with higher risk investments, but you stand a greater chance of losing all or some of your money. In order to get the best investment and financial advice, your savings objectives must be carefully considered, i.e. how much you wish to invest, short or long term investments and how quickly you need access to your money. The one question that you should ask of yourself, which is often overlooked, is just how much money you can really afford to lose. Referred to as your 'capacity for loss', this will very likely affect the services and products that you are offered.
From the outset, it is crucial that you tell your financial advisor about any savings accounts, investments, mortgages or regular payments that you have. They'll need this information, so they can get a clear picture of your financial circumstances and give the best advice for your needs. The diversification of your savings and investments by spreading the risk across different products, is an essential part of good quality financial advice. So as to reflect your goals and financial situation, an experienced financial advisor in Addlestone will have the knowledge of the best products to consider.
Your financial advisor will communicate in the clearest possible way, to unveil the complex world of finance. You should be able to make an informed decision after you have learned about the various services and products that match your needs. If you are environmentally minded, you could maybe ask your advisor to stick to ethical investments and savings. This will allow you to lend support to organisations and firms which address your concerns, e.g. zero carbon or green energy, or perhaps avoiding investments that do not meet your criteria.
It isn't that easy to work closely with a financial advisor in Addlestone without this affecting your work and other commitments. Face-to-face appointments can be backed up with video conferencing and phone calls to enable you to seek advice at times that suit you. Even if you never have a one-to-one meeting with your advisor, a professional financial advice company in Addlestone will have rigorous measures in force to keep your details secure and confidential, because working from home and remote working is now commonplace.
Investment values can drop as well as rise, and this is a factor that you must remember. It can be very demoralising and worrying if your investment isn't making as much money as you hoped for. A downward trend in your investment isn't a recognised basis for complaint, unless your financial advisor has given you misleading or wrong information.
The company's official complaints procedure should be the place to start with any grievances, and the Key Facts Document will explain this. If the matter remains unresolved within the time period set by the regulating body, and the financial advisor is a member of the Financial Conduct Authority, you can advise the Financial Ombudsman.
The Financial Ombudsman will come to a decision after reviewing the cause of the complaint independently. If the complaint is upheld, a decision is made on how to financially compensate the customer. The financial advisor and their company must comply with any decision that's made by the Ombudsman, which becomes legally binding once the customer has agreed to it. Any annoyance, distress, hassle and inconvenience caused to the customer during the situation, will be considered when the Financial Ombudsman fixes the level of compensation.
Financial advice can be provided in Addlestone and also in: Pyrford, Cobham, New Haw, Woodham, Lyne, West Byfleet, Chertsey, Ockham, Byfleet, Row Town, Laleham, Ottershaw, Whiteley Village, Wisley, Thorpe Green, Brooklands, Meadowlands, as well as in these postcodes KT15 1PS, KT15 1AJ, KT14 6AS, KT15 1JL, KT15 1LA, KT15 1LF, KT15 1ER, KT14 6AU, KT15 1AA, KT15 1EP. Locally based Addlestone financial advisors will likely have the phone code 01932 and the postcode KT15.
Skills Needed by Financial Advisors
- To be good at selling financial products and services.
- To be goal driven.
- To be thorough and pay attention to detail.
- To have the ability to listen attentively
- Excellent verbal communication skills.
- A competent level of math knowledge for building financial plans.
- Effective customer service skills for establishing client requirements and needs.
- A thorough knowledge of economics and accounting associated with financial products and markets.
- To have the ability to network and establish solid relationships with clients.
- Excellent management skills for the negotiation of product fees.
- To be capable of using a computer and the appropriate software packages.
Financial Advice Enquiries Surrey
Recently posted Surrey financial advice enquiries: Mr and Mrs Dodd from Nutfield recently asked for information on investment bonds. Damian Merritt from Whyteleafe, Surrey recently enquired about family income benefit. Ezekiel Beale from Salfords recently enquired about financial planning. Ivie Wills and Isa Wills from Capel, Surrey recently enquired about life assurance. Denis Mcclymont and Ellie Mcclymont from Shamley Green, Surrey recently asked for information on equity release. Heath and Kacey Salter from Sidlow recently asked for information on offshore investments. Lorcan Hutchinson and Angelina Hutchinson from Witley recently asked for information on financial planning. Robbie Nash and Ocean Nash from Shere, Surrey recently asked for information on investment bonds.
Everyday Tasks for a Financial Advisor
- Working in collaboration with associates to collect trends, market information and statistics.
- Providing consultation, education and counselling regarding investments and finances.
- Keeping abreast of new financial products and regulation changes.
- Making deals with with financial product providers.
- Talking with clients about their plans and finances.
- Meeting targets for sales and performance.
- Producing in-depth financial reports.
- Frequently updating customers concerning their investments.
- Keeping a record of potential transactions and clients.
- Recommending the best-suited financial products to customers.
Addlestone Financial Advice Services
There is a wide range of services which are provided by your local Addlestone financial advisor including corporate bonds, unit trusts in Addlestone, tax financial planning, equity release, will writing services in Addlestone, annuities, family income benefit, pension consolidation advice in Addlestone, investment advice in Addlestone, offshore investment advice, personal financial planning in Addlestone, trustee investment services, pension transfer advice Addlestone, financial planning, bridging finance, investment planning Addlestone, life assurance, cashflow analysis, financial advice services, ethical investment advice, pension advice Addlestone, investment bonds, business financial planning, pension drawdowns, cash flow modelling, and more.
Financial Advisors Near Addlestone
Also: Chertsey financial advisors, Thorpe Green financial advisors, Lyne financial advisors, Cobham financial advisors, Ockham financial advisors, Whiteley Village financial advisors, Brooklands financial advisors, Wisley financial advisors, West Byfleet financial advisors, Meadowlands financial advisors, Pyrford financial advisors, Laleham financial advisors, Woodham financial advisors, Byfleet financial advisors, New Haw financial advisors, Ottershaw financial advisors, Row Town and more.
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Financial Advisors Around Addlestone: Over the last year financial advice was provided in these Addlestone streets: Alexandra Road, Joinville Place, Bush Close, Millpond Court, Jubilee Crescent, Victoria Road, Addlestone Park, Hazeldene, Pitson Close, Beverley Close, Corrie Road, Gleeson Mews, Addlestone Road, Countisbury Gardens, Hollies Court, Tennyson Road, Avenue One, Station Road, New Haw Road, Main Street, Jay Avenue, Burleigh Close, Brighton Close, Bourneside Road, Albert Road, and in these Surrey postcodes: KT15 1PS, KT15 1AJ, KT14 6AS, KT15 1JL, KT15 1LA, KT15 1LF, KT15 1ER, KT14 6AU, KT15 1AA, KT15 1EP.
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More Surrey Financial Advisors: More Sunbury-on-Thames, Dorking, Reigate, Esher, Leatherhead, Addlestone, Haslemere, Weybridge, Ash, Horley, Guildford, Ewell, Farnham, Cranleigh, Woking, Camberley, Redhill, Banstead, Walton-on-Thames, Hersham, Godalming, Caterham, Epsom, Chertsey, Staines, Molesey and Windlesham.:
Independent financial advisor in KT15 area, (dialling code 01932).
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