Financial Advisor Barnet

Barnet Independent Financial Advice & Investment

Financial Advisor Barnet Greater London (EN4): It can be an intimidating experience trying to find a first-rate independent financial advisor in Barnet, in particular if it's the first time that you are in search of financial advice. Whether you are looking for mortgage, investment, pensions or even insurance advice, all financial advisors are bound by one simple rule; they all have to adhere to the regulations laid down by the Financial Conduct Authority. This comes with some guarantees, so after taking advice from a FCA certified financial advisor in Barnet, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman, if something should go awry.

Free Barnet Financial Advisor Quotes

A good starting place when picking a financial advisor in Barnet may be friends and family, but keep in mind that the sort of advice you're looking for may be somewhat different to theirs. Every financial advisor isn't suitable for everyone, and their advice should be personalised to your particular situation. Picking a financial advisor is an important decision and it is a good idea to chat to at least three different firms in order to check out the various options they can provide, and to find one that you can trust and feel comfortable with.

Financial Advisor Barnet Greater London (EN4)

There are two principal kinds of financial advisor in Barnet; independent financial advisors and restricted advisors. Offering a wider range of options, an independent financial advisor won't be confined to a single company's services or products. Independent financial advice must encompass the whole gamut of financial companies and products, and should be offered in an impartial way. This will allow you to select from the widest possible range of services to match your needs. A restricted advisor could be tied to services and products from a specific firm, or might even concentrate on one particular product, as can be the case with a mortgage advisor.

Before taking you on as a client, any Barnet financial advisor must be transparent about their charges, as demanded by the FCA. Although it can vary dependant upon the kind of product or service you are looking for, there could be a set fee, an hourly rate, or you could even be charged a specific percentage of the money you're investing. You could be offered the chance of a free first consultation to enable you to discuss your goals and find out if the advisor is suitable for you and your circumstances. In some of the larger Barnet companies, you may find that your account is being handled by a team rather than an individual advisor.

Financial Advisors Barnet UK (020)

Before any actual advice is handed out you'll have to fill out a confidential disclosure document, known as a "Fact Find" form, which tells the advising company about your objectives and financial situation. To provide information on the financial advisor, their status to offer independent or restricted advice and their scope of permissions in the financial market, you will also be handed an Initial Disclosure, or Key Facts Document. Your own rights should also be spelled out in this document, along with the options you can take if you want to complain because you aren't satisfied with the service you're given. It should outline what you're committing yourself to, and any potential risks and benefits that exist if you elect to take the offered advice, and it has to be set down in plain language. The cooling-off period should also be spelled out in this document. This permits you to have a change of heart within a specific time period, and cancel the contract with your financial advisor.

When talking to the financial advisor for the first time make sure you check their experience and qualifications. After all you're on the verge of entrusting your financial future to their skill, so you must not be self-conscious about asking such questions. A Level 4 qualification in financial advice is the minimum required certification for any financial advisor in Barnet, and they must also be able to present you with an annual Statement of Professional Standing. If the advisor's name does not show up on the Financial Services Register, you don't need to panic, the company the individual works for will almost certainly be on the register and their advisors will be covered by the legislation. The individual can still offer financial guidance instead of advice, if these cannot be provided. In financial terms guidance is somewhat different to advice and is not regulated in the same way. Therefore there's no recourse for the client if errors arise.

Financial Advisor Quotes in Barnet Greater London

You will be asked about the level of risk you're willing to take, if you are seeking advice on investing money. Higher rewards might be possible with higher risk investments, however you stand a greater chance of losing some or all of your cash. In order to get the most beneficial investment and financial advice, your savings goals will have to be given careful consideration, i.e. how much cash you want to invest, how rapidly you need access to your money and short or long term investments. You should invariably ask yourself the one vital question, how much money can you actually afford to lose. This might affect the products and services that you're offered, and is referred to as your 'capacity for loss'.

Financial Advice Near Barnet Greater London

Right from the start, it is crucial that you let your financial advisor know about any existing investments, mortgage loans, regular payments or savings that you have. This will give a clear and full picture of your financial circumstances, without which the advice you're given may not be the best for you. Sound financial advice should include diversifying your savings and investments by spreading the risk load across a range of different products. Having a knowledge of the best areas to consider, a qualified financial advisor will focus attention on products that match your financial circumstances and goals.

Your financial advisor will try to communicate in the clearest possible way, while opening up the complex world of finance. After learning about the various services and products that meet your needs, you should be able to come to an informed and intelligent decision. You can maybe ask your advisor to only include ethical investment and savings schemes. This will allow you to give your support to companies and organisations which match your concerns, i.e. zero carbon or renewable energy, or perhaps staying away from businesses that don't meet your standards.

It's not that easy to work closely with a financial advisor in Barnet without this impacting your work day and other obligations. This can be reduced by augmenting one-on-one appointments with phone calls and video conferencing, hence allowing you to get the advice you need at a convenient time. Working from home and remote working is now commonplace, and any experienced financial advice firm in Barnet will have rigorous measures in place to ensure your details are kept secure and confidential, even if you rarely have a face-to-face meeting with your personal advisor.


Investments can just as easily go down as well as up, as the financial sector can be a volatile one. If it just so happens that your investment is not making the amount of money you were hoping for, it can be a very worrying and disheartening time. However, unless it's because of misleading or wrong information from your financial advisor, a downward spiral in your investment is not seen as a cause for complaint.

Independent Financial Advisor Near Barnet (EN4)

The firm's complaints procedure should be the starting position for any grievances, and the Key Facts Document should explain this. If the problem is unresolved within the time set by the regulating authority, and your financial advisor is a member of the Financial Conduct Authority, you can notify 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 financially compensate the customer. Once the ruling has been accepted by the client it becomes a legally binding decision that the advisor and their company, must abide by. Any compensation set by the Financial Ombudsman will also account for any trouble, annoyance, inconvenience and distress caused to the customer during the dispute.

Book a Financial Advisor in Barnet UK

Financial advice can be provided in Barnet and also in nearby places like: Palmers Green, Dancers Hill, Hadley Wood, Enfield, Cockfosters, Borehamwood, Kitts End, Potters Bar, Oakwood, Underhill, North Finchley, Highwood Hill, Edgeware, Arkley, Shenley, Radlett, High Barnet, together with these postcodes EN4 8SB, EN4 0ZP, EN4 8QG, EN4 8NX, EN4 8LB, EN4 8BS, EN4 8RF, EN4 8PA, EN4 8LE, EN4 8BG. Locally based Barnet financial advisors will probably have the telephone dialling code 020 and the postcode EN4. Checking this out should make sure that you access local financial advisers. Barnet property owners are able to benefit from these and numerous other similar services. Simply click the "enquiry" form or banner to get information on financial advisors in your location.

Regular Duties of a Financial Advisor

  • Financial advisors produce financial reports.
  • Financial advisors work together with associates to gather trends, statistics and market information.
  • Financial advisors keep fully abreast of law changes and new products.
  • Financial advisors update clients regarding their investments.
  • Financial advisors meet sales and performance targets.
  • Financial advisors research financial products and explain them simply and clearly to their clients.
  • Financial advisors speak to customers about their plans and finances.
  • Financial advisors make deals with with providers of financial products.
  • Financial advisors provide consultation, counselling and education regarding finances and investments.
  • Financial advisors keep a record of potential clients and transactions.

Fundamental Skills for Financial Advisors

  • To have the ability to listen attentively
  • To be able to competently use a computer and the principal software programs.
  • To have a flexible approach to work.
  • Excellent verbal communication skills.
  • To be thorough and pay attention to detail.
  • A good understanding of economics and accounting relating to financial products and markets.
  • The ability to sell products and services.
  • An outstanding level of mathematical knowledge for creating financial plans.
  • Excellent management skills for negotiating product rates.
  • To be able to network and establish relationships with clients.
  • Good customer service skills for finding out client requirements.

Barnet Financial Advice Services

Financial Advice Tasks Barnet

There is a range of services that can be provided by your local Barnet financial advisor including tax planning Barnet, personal financial planning in Barnet, money planning, wealth management in Barnet, bereavement benefit advice Barnet, portfolio management in Barnet, personal pensions, cash flow modelling, investing an inheritance, equity release advice in Barnet, investment advice, ISA's, corporate bonds in Barnet, financial services, savings advice, investment bonds Barnet, pension drawdowns, long term care fee planning Barnet, pension reviews, multi-asset portfolios, pension consolidation, annuity purchases, stakeholder pensions in Barnet, saving for children, pension transfer advice, cashflow analysis Barnet, life assurance, ethical investment advice, divorce planning, bridging finance Barnet, and lots more. These are just a handful of the activities that can be carried out by a financial advisor. Barnet professionals will be happy to tell you about their full range of services.


Financial Advisors Near Barnet

Also find: Kitts End financial advisors, Dancers Hill financial advisors, Edgeware financial advisors, Cockfosters financial advisors, High Barnet financial advisors, Underhill financial advisors, Arkley financial advisors, Palmers Green financial advisors, Highwood Hill financial advisors, Hadley Wood financial advisors and more. People who are looking for financial advice, will discover that such services are available in the majority of these areas. Business and home owners in the region can make enquiries about financial advice by clicking here.

Barnet Financial Advice Services

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Financial Advice Enquiries in Barnet Greater London (020)
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Barnet Financial Advisor Jobs: Find financial advisor jobs in Barnet by going here: Financial Advisor Jobs Barnet

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Independent financial advisor in EN4 area, 020.

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(This financial advisor Barnet content was checked and updated on 20-02-2024)