Financial Advisor Basingstoke

Basingstoke Independent Financial Advice & Investment

Financial Advisor Basingstoke Hampshire (RG21): Finding a reliable independent financial advisor in the Basingstoke area can be a challenging experience, especially if you're seeking financial advice for the first time. Whether it's mortgage, investments, pension or even insurance advice that you are after, there's one common rule for all professional financial advisors; they all have to abide by Financial Conduct Authority (FCA) regulations. The benefit of this is that if a financial advisor who is FCA registered gives you poor quality advice, and things go wrong, you've got guarantees, and are able to go to the Financial Services Compensation Scheme or the Financial Ombudsman to have it put right.

Free Basingstoke Financial Advisor Quotes

Recommendations from friends and family can be a good starting point in picking a financial advisor in Basingstoke, but remember that their needs may be different to what you're looking for. Any advice they offer needs to be adapted to your particular circumstances, and every financial advisor is not suitable for everyone. Selecting a financial advisor is a big decision and it is wise to speak to at least 3 different firms so as to check out the options they provide, and to find one that you can trust and feel at ease with.

Financial Advisor Basingstoke Hampshire (RG21)

When it comes to picking a financial advisor in Basingstoke, there are essentially 2 principal types; restricted advisors and independent financial advisors. The good thing about using an IFA is that they won't be confined to just one company's services and products, and can offer a wide range of options. Covering the whole gamut of financial companies and products, independent financial advice must be given in an honest and unbiased way to clients. This will enable you to choose from the widest range of products to meet your needs. A restricted financial advisor might be tied to products and services from a specific firm, or may even focus on a specific product, as you might find with a mortgage advisor.

Before any financial advisor in Basingstoke takes you on as a client, they are required by the FCA to fully discuss their charges with you. Although it can vary based upon the kind of service you are looking for, there may be an hourly rate, a set fee, or you might even be charged a specific percentage of what you're investing. To enable you to discuss your goals and find out if the advisor is suitable for your situation, a free preliminary consultation may be offered. Your account might be looked after by a team rather than one individual advisor, if you choose to go to one of the larger Basingstoke firms.

Financial Advisors Basingstoke UK (01256)

You will have to fill out a "Fact Find" form, which is a confidential disclosure document relating your financial situation and aims to the advising firm. To provide details about the financial advisor, their status to offer independent or restricted advice and the extent of their permissions in the financial sector, you will also be handed a Key Facts Document, or Initial Disclosure Document. This document will also make clear your own rights and the possible options you can take if you're not happy with the service, and wish to make a complaint. It should outline what you're signing up for, and any potential risks and benefits if you elect to accept the offered advice, and it must be set down in plain language. The allowed cooling-off period should also be spelled out in this document. Within a certain period of time, this enables you to cancel the agreement with your financial advisor.

The first time you're speaking with the financial advisor make sure you check what experience and qualifications they have. After all you're on the verge of entrusting your long-term financial wellbeing to their expertise, so you shouldn't be self-conscious about asking these questions. Every Basingstoke financial advisor must present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. You should not worry if your specific financial advisor's name doesn't appear on the Financial Services Register, providing the company is listed on the register, their staff will be covered by the legislation. The individual can still offer financial guidance as opposed to advice, if these can't be presented. Guidance is not subject to regulations in the same way as financial advice, which means that if errors occur the client won't have any recourse.

Financial Advisor Quotes in Basingstoke Hampshire

If it's investing money that you are interested in, the advisor will ask you about the amount of risk you might be willing to take on with your hard-earned cash. Higher risk investments may offer larger rewards, but all or some of your money could be lost. In order to get the very best investment and financial advice, your savings objectives must be given careful consideration, i.e. short or long term investments, how rapidly you need access to your funds and how much cash you want to invest. You must invariably ask yourself the one vital question, how much money can you afford to lose. This might influence the products and services that could be offered for your consideration, and is called your capacity for loss.

Financial Advice Near Basingstoke Hampshire

If you have already got any existing mortgage loans, investments, savings accounts or regular outgoing payments, you should let your financial advisor know about these. To ensure that you get the most appropriate advice for you, they need a clear and full picture of your financial situation. The diversification of your savings and investments by spreading the risk load across various different products, is an essential part of reliable financial advice. A professional financial advisor in Basingstoke will understand the best products to consider, which reflect your goals and your financial situation.

A financial advisor will lay bare the multifaceted world of finance, and try to converse in the clearest possible way. This will allow you to compare services and products which meet your needs, and come to an informed decision. If the environment is important to you, you could maybe ask that ethical savings and investments take top priority. This will allow you to lend support to companies and organisations which address your concerns, e.g. renewable energy or zero carbon, or perhaps staying away from firms that don't meet your requirements.

It can prove challenging to manage your work life and other commitments around a close working relationship with a financial advisor in Basingstoke. To enable you to seek advice at times that suit you, one-on-one meetings can be augmented with telephone and video conferencing. Even if you never have an in-person meeting with your personal advisor, a competent financial advice firm in Basingstoke will have strict measures in place to keep your details confidential and secure, because remote and home working is now so common.


The value of your investments can fall as well as rise, and this is something that you need to remember. It can be incredibly worrying and disheartening if your investment isn't making the amount of money you were hoping for. However, except if it's because of misleading or incorrect information from your financial advisor, a downward trend in your investment is not a recognised cause for complaint.

Independent Financial Advisor Near Basingstoke (RG21)

Any complaints should start with the firm's official complaints procedure as laid out in the Key Facts Document. If the matter remains unsolved within the timeframe set by the regulating body, and your advisor is a member of the FCA, you can get in touch with the Financial Ombudsman.

The Financial Ombudsman will look into the cause for complaint and come to a decision. If the complaint is found to be justified, a decision will be made on how to rectify the situation or financially compensate the customer. The advisor and their company must comply with any ruling that's made by the Ombudsman, which becomes a legally binding decision once the client has agreed to it. The Ombudsman will also account for any inconvenience, hassle, annoyance and distress caused to the customer during the process, and fix the level of compensation accordingly.

Book a Financial Advisor in Basingstoke UK

Financial advice can be provided in Basingstoke and also in: Worting, Hatch Warren, Newnham, Lychpit, Wootton St Lawrence, Oakridge Village, Kempshott, East Oakley, Hatch, Ramsdell, South View, Houndmills, Cliddesden, as well as in these postcodes RG21 3AL, RG21 3BA, RG21 3JN, RG21 3LB, RG21 3AQ, RG21 3QJ, RG21 3HU, RG21 3QX, RG21 3LD, RG21 3NY. Locally based Basingstoke financial advisors will most likely have the telephone dialling code 01256 and the postcode RG21. Verifying this will guarantee you are accessing locally based financial advisers. Basingstoke homeowners will be able to utilise these and countless other related services.

Basingstoke Financial Advice Services

Financial Advice Tasks Basingstoke

There is a variety of services that are provided by your local Basingstoke financial advisor including personal pensions advice, ISA's, income protection advice, general financial planning Basingstoke, pension drawdowns in Basingstoke, pension planning, offshore investment advice in Basingstoke, critical illness cover, personal financial planning in Basingstoke, pension reviews, life assurance, investment bonds, trustee investment services, annuities Basingstoke, ethical investment advice, financial advice services Basingstoke, cash flow modelling in Basingstoke, corporate financial planning, annuity purchases, long term care fee planning in Basingstoke, corporate bonds in Basingstoke, money planning, saving for children, will writing services, multi-asset portfolios, pension transfers, equity release advice, financial planning Basingstoke, inheritance tax planning, mutual funds, and lots more. These are just a few of the tasks that can be accomplished by a financial advisor. Basingstoke professionals will let you know their whole range of financial services.

The Necessary Skills to be Financial Advisors

  • To have the ability to network and build relationships with clients.
  • To be thorough and pay attention to detail.
  • A solid knowledge of accounting and economics with regard to financial products and markets.
  • An outstanding level of numeracy for creating financial strategies.
  • Attentive interpersonal and listening skills.
  • Excellent management skills for negotiating product fees.
  • To be capable of using a computer and the principal software packages.
  • Effective skills in customer service for finding out client requirements.
  • Good skills in verbal communication.
  • The ability to promote products and services.
  • To have a flexible approach to work.

Financial Advisors Near Basingstoke

Also find: Cliddesden financial advisors, Worting financial advisors, Newnham financial advisors, Kempshott financial advisors, Hatch financial advisors, Houndmills financial advisors, Hatch Warren financial advisors, Ramsdell financial advisors, Lychpit financial advisors, Wootton St Lawrence financial advisors, South View financial advisors, Oakridge Village financial advisors and more. People who are searching for financial advice, will discover that these types of services are readily available in most of these localities. People in these places can make enquiries about financial advice by clicking here.

Basingstoke Financial Advice Services

Find a Financial Advisor in Basingstoke Here
Financial Advice Enquiries in Basingstoke Hampshire (01256)
  • Basingstoke Estate Planning
  • Basingstoke Mortgage Advice
  • Basingstoke Wealth Management
  • Basingstoke Corporate Financial Planning
  • Basingstoke Financial Advice Quotations
  • Basingstoke Inheritance Advice
  • Basingstoke Tax Advice
  • Basingstoke Trustee Investments
  • Basingstoke Cashflow Analysis
  • Basingstoke Financial Advice
  • Basingstoke Retirement Planning
  • Basingstoke Life Insurance Advice
  • Basingstoke Investment Advice
  • Basingstoke Cheap Financial Advice

To find out local information on Basingstoke, Hampshire click here

Independent financial advisor in RG21 area, telephone code 01256.

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(This financial advisor Basingstoke article was checked and updated on 20-02-2024)