Financial Advisor Bacup

Bacup Independent Financial Advice & Investment

Financial Advisor Bacup Lancashire (OL13): It can be an intimidating experience trying to locate a good independent financial advisor in the Bacup area, in particular if it's the first time that you are seeking financial advice. However, all financial advisors are bound by one simple rule; they must all stick to the regulations laid down by the FCA (Financial Conduct Authority), whether you're after investment, mortgage, pensions or even insurance guidance. This comes with certain guarantees, therefore after taking advice from a FCA authorised financial advisor in Bacup, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman, if anything goes wrong.

Free Bacup Financial Advisor Quotes

A decent starting point in choosing a financial advisor in Bacup could be friends and family, but bear in mind that the kind of advice you're looking for could be different to theirs. Every financial advisor is not suitable for everyone, and their advice should be tailored to your unique circumstances. Selecting the right financial advisor is vital and it is wise to talk with at least three different companies in order to explore the options they can offer, and to find one that you can trust and feel at ease with.

Financial Advisor Bacup Lancashire (OL13)

There are two main kinds of financial advisor in Bacup; restricted advisors and independent financial advisors (IFA). The benefit of using an independent financial advisor is that they will not be restricted to the products and services of just one company, and can offer a more diverse range of options. Encompassing the full gamut of financial companies and products, independent financial advice must be given in an honest and unbiased way to clients. If you choose to use an independent financial advisor, you'll be able to select from the widest possible range of products, in order to find the right solution for you. A restricted advisor may be tied to products and services from a single provider, or might even concentrate on one particular product, as in the case of a mortgage advisor.

Before accepting you as a client, any financial advisor must tell you about their charges, as set out by the FCA. Dependant upon the product you require, you could be charged a set fee, by the hour or perhaps even a percentage of your investment. A free first consultation could be offered, so you can discuss your goals and situation to see if the advisor is a good fit. Your account could be looked after by a team as opposed to a single advisor, if you opt to go with one of the larger companies in Bacup.

Financial Advisors Bacup UK (01706)

To summarise your financial situation and objectives to the advising firm, you'll be asked to fill in a "Fact Find" form, which is a confidential disclosure document. You'll also be handed a Key Facts or Initial Disclosure Document, which gives you details about the financial advisor, their status to offer independent or restricted advice and the extent of their permissions in the financial sector. If you aren't happy with the service, and wish to submit a complaint, this document will also lay down your own rights and the options you can take. It must be typed out in plain language and detail what you are signing up for, and any possible risks and benefits if you choose to take the offered advice. This document should also inform you about the allowed cooling-off period. This permits you to cancel your agreement within a specific time frame, and whenever any penalties have to be paid.

You should check what experience and qualifications the financial advisor has the first time you talk to them. After all you're about to entrust your financial future to their skill, so you must not be embarrassed about asking such questions. All Bacup financial advisors must hold at least a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. If the advisor's name does not appear on the Financial Services Register, you shouldn't freak out, the firm the person works for should be found on the register and their staff will be covered by the regulations. If these can't be provided the person can still offer financial guidance rather than financial advice. Guidance isn't subject to regulations in the same way as financial advice, which means that if mistakes are made neither party will have any recourse.

Financial Advisor Quotes in Bacup Lancashire

If it's investing money that you are interested in, the advisor will want to know the amount of risk you are willing to take with your hard-earned money. High risk investments may potentially offer larger rewards, but all or some of your capital could be lost. Good financial and investment advice should take into account your savings aims, i.e. how rapidly you need to access your money, how much you have to invest and short or long term investments. The one question that you should ask of yourself, which is normally overlooked, is how much money you can afford to lose. This is referred to as your capacity for loss and could affect the services and products that could be offered to you.

Financial Advice Near Bacup Lancashire

Right from the start, it's vital that you tell your financial advisor about any savings, regular outgoings, investments or mortgage loans that you have. This will give a clear and full picture of your financial situation, without which the advice you're given might not be the most suitable for you. Spreading the risk across a range of different products by diversifying your investments and savings, is something that good financial advice should allow for. With a knowledge of the best areas to consider, a certified financial advisor will focus attention on products that most closely fit in with your goals and financial situation.

Your financial advisor will try to communicate in the clearest possible way, while throwing open the multifaceted world of finance. This will help you to compare services and products that meet your needs, and come to an informed decision. If you are mind is firmly on the environment, you could maybe ask your financial advisor to stick to ethical investments and savings. This doesn't just give you investment possibilities, but also allows you to support zero carbon or green energy projects, and stay clear of companies that do not share the same values as you do.

Having constant interactions with a financial advisor in Bacup could create problems with your work and other responsibilities. To enable you to seek advice at a time to suit you, one-on-one appointments can be backed up with phone calls and video conferencing. A competent financial advice provider in Bacup will have strict measures in force to keep your details confidential and secure, even if you rarely have a face-to-face meeting with your advisor, because home and remote working is now so common.

COMPLAINTS

Investment values could drop as well as rise, and this is a factor that you have to bear in mind. If your investment fails to make the amount of money you hoped for, it can be very stressful and demoralising. Unfortunately, a downward spiral in your investment is not seen as a basis for complaint, unless of course it's because of misleading or incorrect information from your advisor.

Independent Financial Advisor Near Bacup (OL13)

The firm's official complaints procedure should be the best place to start with any disputes, and the Key Facts Document should discuss this. If the problem remains unresolved within the time stipulated by the regulating body, and your advisor is registered with the Financial Conduct Authority, you can advise the Financial Ombudsman.

The Financial Ombudsman will make a ruling after independently reviewing the cause of the complaint. If the complaint is upheld, a decision will be made on how to rectify or financially compensate the client. This becomes a legally binding decision as soon as it has been accepted by the client, and the financial advisor and their company must comply with the decision. Any compensation fixed by the Ombudsman will also account for any inconvenience, upset, distress and hassle caused to the client during the dispute.

Book a Financial Advisor in Bacup UK

Financial advice can be provided in Bacup and also nearby in: Weir, Newchurch, Forest Holme, Todmorden, Lumb, Britannia, Cornholme, Trough Gate, Stacksteads, Walsden, Sharneyford, Shawforth, Rossendale, Cowpe, Waterfoot, Haslingden, Rawtenstall, Helmshore, and in these postcodes OL13 0NT, OL13 0PH, BB4 7DL, OL13 0LH, BB4 9UG, OL13 0JH, OL13 0EU, OL13 0RP, OL13 0SW, OL13 0DD. Local Bacup financial advisers will most likely have the postcode OL13 and the telephone dialling code 01706.

Skills and Knowledge Needed by a Financial Advisor

  • To have attentive listening skills.
  • To pay attention to detail and be thorough.
  • To have good IT skills.
  • An outstanding level of mathematical knowledge for building financial plans.
  • To be good at selling products and services.
  • Good customer service skills for finding out client needs and requirements.
  • Good management skills for the negotiation of product fees.
  • To have good time management skills.
  • Good verbal communication skills.
  • An excellent knowledge of economics and accounting relating to financial markets and products.
  • To be able to network and establish solid relationships with customers.

Bacup Financial Advice Services

Financial Advice Tasks Bacup

There is a range of services that are provided by your local Bacup financial advisor including retirement advice in Bacup, cashflow analysis Bacup, stakeholder pension advice, business planning in Bacup, cheap financial advice Bacup, bridging finance in Bacup, pension plans, equity release advice, offshore investment advice, pension reviews, pension transfer advice, cash flow modelling in Bacup, pension drawdowns in Bacup, divorce planning in Bacup, corporate financial planning, life insurances, trusts, annuities, will writing services, independent financial advice, mortgage advice in Bacup, corporate bonds, financial analyst services Bacup, income protection, family income benefit, and more.

BACUP FINANCIAL ADVISOR QUOTES

Financial Advisors Near Bacup

Also find: Lumb financial advisors, Rossendale financial advisors, Todmorden financial advisors, Newchurch financial advisors, Forest Holme financial advisors, Walsden financial advisors, Sharneyford financial advisors, Cowpe financial advisors, Haslingden financial advisors, Waterfoot financial advisors, Trough Gate financial advisors, Weir financial advisors, Rawtenstall financial advisors, Shawforth financial advisors, Stacksteads financial advisors, Helmshore financial advisors, Cornholme financial advisors, Britannia financial advisors and more.

Bacup Financial Advice Services

Find a Financial Advisor in Bacup Here
Financial Advice Enquiries in Bacup Lancashire (01706)
  • Bacup Life Insurance Advice
  • Bacup Financial Advice
  • Bacup Wealth Management
  • Bacup Tax Advice
  • Bacup Estate Planning
  • Bacup Financial Services
  • Bacup Trustee Investments
  • Bacup Retirement Advice
  • Bacup Pension Advice
  • Bacup Corporate Financial Planning
  • Bacup Cheap Financial Advice
  • Bacup Financial Advice Quotes
  • Bacup Inheritance Advice
  • Bacup Investment Advice

Financial Advisors Around Bacup: In Stoney Hill, New Line, Bold Street, Osborne Terrace, Millstream Close, Change Close, Laurel Street, Walton Close, Rosendale Close, Yorkshire Street, Queens Terrace, Central View, Woodland Terrace, East View, Grafton Street, St. Johns Court, Heathfield Avenue, Pilling Barn Lane, Bankhouse Lane, Lee View, Grove Street, The Drive, Cowgill Street, Scar End Close, Clough Street, Garden Street, Foxdale Close, South Villas, Oliver Street, Western Court, as well as these Bacup area postcodes: OL13 0NT, OL13 0PH, BB4 7DL, OL13 0LH, BB4 9UG, OL13 0JH, OL13 0EU, OL13 0RP, OL13 0SW, OL13 0DD, folks have recently needed financial advice.

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If you would like to get local Bacup info take a look here

Independent financial advisor in OL13 area, phone code 01706.

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