Financial Advisor Basildon

Financial Advisor Basildon Essex (SS13): Finding a decent independent financial advisor in Basildon can be a daunting experience, in particular if you are needing financial advice for the very first time. However, all financial advisors are bound by one common rule; they must all follow the regulations of the FCA (Financial Conduct Authority), regardless of whether you are after pension, investment, mortgage or even insurance advice. This comes with certain guarantees, therefore after taking advice from a FCA approved financial advisor in Basildon, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman, if something should go awry.

A good starting point in choosing a financial advisor in Basildon could be neighbours and friends, but bear in mind that the kind of advice you are looking for may be different to theirs. Financial advice must be specifically tailored to your unique circumstances, and you will find that some financial advisors may not be appropriate for you. It is a good idea to speak with at least three different firms when you are picking a financial advisor, as this is an important decision, and you'll be looking to find one that you feel comfortable with and can trust, and at the same time investigate the options they can provide.

There are 2 principal types of financial advisor in Basildon; restricted advisors and independent financial advisors (IFA). Offering a more diverse range of options, an IFA will not be confined to a single company's products and services. Independent financial advice must be offered in a frank and unbiased way and should cover the entire gamut of financial companies and products. Consulting an independent financial advisor should permit you to choose from the widest possible range of products. A restricted financial advisor could be tied to products and services from a particular provider, or may even focus on a particular product, as can be the case with a mortgage advisor.

The Financial Conduct Authority demands that any financial advisor must discuss their charges with you, before accepting you as a client. Dependant upon the product you are looking for, you could be charged by the hour, a set fee or perhaps even a proportion of your investment value. To discuss your goals and find out if the advisor is a right fit for you and your circumstances, a free initial consultation may be offered. In some larger Basildon firms, you may find that your account is looked after by a team as opposed to an individual advisor.

You'll be required to complete a "Fact Find" form, which is a confidential disclosure document relating your aims and financial situation to the advising company. You'll also be given a Key Facts or Initial Disclosure Document, which gives you details of the financial advisor, their status to offer restricted or independent advice and the extent of their permissions in the financial market. This document will also lay out your own rights and your options if you are not happy with the service provided, and need to make a complaint. It must be written in plain English and describe what you are committing yourself to, and any potential benefits and risks should you opt to take the offered advice. The cooling-off period should also be fully explained in this Key Facts Document. This permits you to cancel the agreement within a certain time period, and if any penalties have to be paid.

You'll want to check what experience and qualifications the financial advisor has the first time you speak to them. Asking such questions shouldn't cause you any embarrassment, because after all you're about to entrust them with your long-term financial wellbeing. Every Basildon financial advisor must present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. When checking the Financial Services Register, don't panic if your specific advisor's name doesn't show up on there; you ought to be able to find the company name, and this means that the regulations covers all of their staff. If these can't be presented the individual can still offer financial guidance rather than financial advice. Guidance is not regulated in the way that financial advice is, meaning that if mistakes arise neither party will have any recourse.

If it's investments that you are interested in, your advisor will enquire about the level of risk you are willing to take with your hard-earned cash. Bigger rewards may be possible with higher risk investments, but you stand a greater chance of losing all or some of your cash. The best financial and investment advice will take you savings goals into consideration, i.e. long or short term investments, how much you have to invest and how quickly you need access to your money. "How much money can you afford to lose?" Is the one vital question that you really need to ask yourself. Known as your 'capacity for loss', this will very likely influence the products and services that you're offered.

Right from the start, it is important to let your financial advisor know about any existing savings accounts, mortgage loans, regular payments or investments that you currently have. They'll need this information, so they can get a picture of your financial situation and give the correct advice for you. Spreading the risk across a number of different products through the diversification of your savings and investments, is something that reliable financial advice should encompass. In order to reflect your goals and financial situation, a certified financial advisor in Basildon will understand the best products to consider.

A financial advisor will unveil the multifaceted world of finance, and converse in the clearest possible way. You should be in a position to make an informed decision when you have learned about the various services and products which meet your needs. If environmental issues are important to you, you could maybe ask that ethical investment and savings schemes take precedence. This allows you to give your support to businesses and companies that match your concerns, e.g. zero carbon or green energy, or perhaps avoiding investments that don't meet your requirements.

It could prove difficult to manage your work life and other responsibilities around working closely with your financial advisor in Basildon. This can be reduced by supplementing face-to-face appointments with telephone calls and video conferencing, thus enabling you to get the guidance you need at a convenient time. Home and remote working is now a large part of our society, and a professional financial advice company in Basildon will have rigorous measures in force to ensure your details are kept secure and confidential, even if you hardly ever have a one-to-one meeting with your advisor.

COMPLAINTS

Investments can go down as easily as they can go up, since the financial sector can be unpredictable. It can be quite frustrating and stressful if your investment fails to make as much money as you hoped for. However, except if it is due to misleading or wrong information from your advisor a downward spiral in your investment isn't a recognised grounds for complaint.

As outlined in the Key Facts Document, any grievances should commence with the firm's complaints procedure. If the problem is unsolved within the time-frame set out by the regulating body, and the advisor is registered with the Financial Conduct Authority, you can contact the Financial Ombudsman.

The Financial Ombudsman will come to a decision after independently reviewing the cause for complaint. If the complaint is upheld, a decision is made on how to rectify or financially compensate the client. The financial advisor and their firm must comply with any ruling that is made by the Ombudsman, which becomes legally binding once the customer has accepted it. The Ombudsman will also take into account any hassle, upset, distress and inconvenience caused to the client during the process, and set the level of compensation accordingly.

Financial advice can be provided in Basildon and also in: Corringham, Vange, Rawreth, Rayleigh, Laindon, Nevendon, Runwell, Great Burstead, Dunton, Fobbing, Galmington, Crays Hill, Wickford, Eastgate, North Benfleet, Bulphan, and in these postcodes SS13 1QL, SS13 1RW, SS13 1RT, SS13 1QY, SS13 1RJ, SS13 1NE, SS13 1HU, SS13 1HN, SS13 1HQ, SS13 1BB. Locally based Basildon financial advisors will likely have the postcode SS13 and the telephone dialling code 01268. Checking this should make sure that you access locally based financial advisers. Basildon property owners are able to benefit from these and countless other similar services. Simply click on the "enquiry" banner to get details about financial advisors in your location.

Basildon Financial Advice Services

There is a variety of services which are provided by your local Basildon financial advisor including independent financial advice, ethical investments, trusts in Basildon, familt controlled trusts, mortgage advice, income protection, life assurance advice in Basildon, annuities, investing an inheritance, investment consolidation, trustee investment services in Basildon, corporate bonds, inheritance tax planning, investment bonds, multi-asset portfolios, bridging finance in Basildon, saving for children, personal financial planning, bereavement benefit advice, cheap financial advice, stakeholder pensions, personal pensions advice, tax advice, equity release advice, cash flow modelling Basildon, pension advice, pension consolidation, pension transfer advice, general financial planning, long term care fee advice in Basildon, and lots more. Listed are just a handful of the duties that can be performed by a financial advisor. Basildon professionals will inform you of their full range of services.

Skills and Knowledge Necessary for a Financial Advisor

• To have active listening and interpersonal skills.
• Excellent customer service skills for establishing customer needs and requirements.
• To be thorough and pay attention to detail.
• Excellent business management skills for the negotiation of product rates.
• Outstanding verbal communication skills.
• An excellent understanding and knowledge of accounting and economics associated with financial products and markets.
• The ability to sell financial products and services.
• To have the ability to network and build solid relationships with customers.
• To have a goal driven mindset.
• To have good IT skills.
• An excellent level of maths knowledge for developing financial packages.

Financial Advisors Near Basildon

Also find: Eastgate financial advisors, Galmington financial advisors, North Benfleet financial advisors, Bulphan financial advisors, Crays Hill financial advisors, Vange financial advisors, Fobbing financial advisors, Nevendon financial advisors, Dunton financial advisors, Runwell financial advisors, Great Burstead financial advisors, Rawreth financial advisors and more. Financial advisers are available for consultations in pretty much all of these towns and areas. Home and property owners in these localities can make enquiries about financial advice by clicking here.

Basildon Financial Advice Services

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More Basildon Services: Obviously, whenever you happen to be looking at your finances in Basildon, Essex, you will likely need all sorts of different services and aside from a financial advisor in Basildon, Essex, you could also need mortgage advice in Basildon, solicitors in Basildon, payroll services in Basildon, property law & conveyancing in Basildon, business consulting in Basildon, mortgage brokers in Basildon, family lawyers in Basildon, banruptcy lawyers in Basildon, tax preparation in Basildon, investment advisors in Basildon, contracts lawyers in Basildon, business financial planning in Basildon, bookkeeping in Basildon, estate planning in Basildon, accounting in Basildon, debt recovery & collection in Basildon, wills in Basildon, and other different Basildon experts.

Basildon Financial Advisor Jobs: View financial adviser jobs in Basildon by clicking here: General Financial Advisor Jobs

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Independent financial advisor in SS13 area, (dialling code 01268).

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