Financial Advisor Bedlington Northumberland (NE22): Locating a good independent financial advisor in the Bedlington area can be a daunting experience, especially if you are needing financial advice for the first time. However, all qualified financial advisors are bound by one simple rule; they all have to observe the regulations of the Financial Conduct Authority (FCA), regardless of whether you are searching for investments, mortgage, pensions or even insurance advice. This comes with some guarantees, so after getting advice from a FCA authorised financial advisor in Bedlington, you can seek recompense from the Financial Ombudsman or the Financial Services Compensation Scheme, if anything goes wrong.
A decent starting place when choosing a financial advisor in Bedlington could be friends and relatives, but remember that the kind of advice you are looking for may be significantly different to theirs. Financial advice needs to be individually tailored to your particular circumstances, and you will discover that some financial advisors may not be appropriate for you. To explore the options they're offering and find a financial advisor that you feel comfortable with and can trust, it is a good idea to chat to at least three different firms, because after all selecting a financial advisor is a major decision.
When it comes to picking a financial advisor in Bedlington, there are basically two main types; restricted advisors and independent financial advisors (IFA). An independent financial advisor should not be confined to the services and products of a single company. Covering the whole gamut of financial companies and products, independent financial advice must be given in an unbiased and impartial way to clientele. This will permit you to pick from the widest possible range of services to meet your needs. If you use a restricted financial advisor you will soon realise that they might be restricted to services and products of a single company, or as in the case of a mortgage advisor, may only be involved with one product.
The FCA requires that any financial advisor in Bedlington must be transparent about their charges, before accepting you as a client. Although it varies based upon the type of product you're looking for, there could be an hourly rate, a set fee, or you could even be charged a specific percentage of the money you are investing. To discuss your aims and see if the advisor is a good fit for your circumstances, you may be offered the possibility of a free first consultation. If you go with one of the larger Bedlington companies, your account could be looked after by a team of advisors rather than one person.
You'll be asked to fill in a "Fact Find" document, which is a confidential disclosure form relating your financial situation and desired goals to the advising company. To provide information regarding the financial advisor, their situation for offering independent or restricted advice and the extent of their permissions in the financial arena, you'll also be given a Key Facts or Initial Disclosure Document. If you're not satisfied with the service provided, and wish to make a complaint, this document will also lay out your own legal rights and your options. It has to be written in plain language and describe what you are committing yourself to, and any possible benefits and risks that exist if you choose to accept the offered advice. The Key Facts Document should also inform you of the cooling-off period. This allows you to change your mind within a certain time period, and cancel your agreement with the financial advisor.
Make sure you check the qualifications and experience of the financial advisor when you first talk to them. After all you are about to entrust your financial wellbeing to their expertise, so you shouldn't be embarrassed about asking these questions. A Level 4 qualification is the minimum qualification for any financial advisor in Bedlington, and they must also be in a position to present an annual Statement of Professional Standing. You should not worry if your particular advisor's name doesn't appear on the Financial Services Register, so long as the firm is on the register, their staff will be covered by the legislation. If these cannot be presented the individual may still offer financial guidance rather than advice. Guidance isn't regulated in the same way as financial advice, which means that if errors occur the client won't have any recourse.
If it's investing money that you're interested in, the advisor will need to know the amount of risk you are ready to accept with your hard-earned money. Bigger rewards may be possible with high risk investments, but you stand a greater chance of losing some or all of your funds. In order to get the most effective investment and financial advice, your savings aims must be considered, i.e. how much you have to invest, how quickly you need to access your funds and long or short term investments. The one question that you should ask of yourself, which is usually ignored, is how much money you can afford to lose. Sometimes referred to as your capacity for loss, this will quite likely influence the services and products that you are offered.
If you've already got any current regular outgoing payments, investments, savings accounts or mortgages, you have to tell your financial advisor about these. They'll need this information, so they can get a picture of your finances and give the appropriate advice for your needs. Diversifying your savings and investments by spreading the risk across various different products, is an essential part of reliable financial advice. A seasoned financial advisor in Bedlington will understand the best areas to consider, which reflect your financial situation and your goals.
A financial advisor will throw open the multifaceted world of finance, and converse in the clearest possible way. This will help you to compare services and products that meet your needs, and come to an informed decision. You can maybe ask your advisor only to choose ethical investment and savings schemes. You will then be able to keep clear of businesses that corporations meet your requirements, and instead support those businesses and companies that address your concerns, for example green energy or zero carbon.
Having constant interactions with a financial advisor in Bedlington could create problems with your work life and other obligations. This can be reduced by augmenting face-to-face appointments with video conferencing and telephone, hence enabling you to seek the guidance you need at convenient times. A competent financial advice provider in Bedlington will have stringent measures in force to keep your details confidential and secure, even if you hardly ever have a one-to-one meeting with your personal advisor, because home and remote working is no longer unusual.
You need to keep in mind that the financial sector can be volatile, and investment values could just as easily go down as well as up. If it just so happens that your investment is not making as much money as you hoped for, it can be a stressful and disheartening time. A downward spiral in your investment is not seen as a basis for complaint, unless your advisor has supplied you with misleading or wrong information.
As laid out in the Key Facts Document, any complaints should begin with the company's official complaints procedure. If the issue is unsolved within the period stipulated by the regulating body, and the financial advisor is registered with the FCA, you can notify the Financial Ombudsman.
The Financial Ombudsman will come to a decision after independently reviewing the cause of the complaint. If it is established that the complaint is legitimate, a decision will be made on how the customer can be financially compensated. Once the ruling is accepted by the customer it becomes a legally binding decision that the financial advisor and their company, must comply with. The Ombudsman will also consider any upset, distress, inconvenience and hassle caused to the client during the dispute, and establish the level of compensation proportionately.
Financial advice can be provided in Bedlington and also in: Blyth, West Sleekburn, Dinnington, Loansdean, Cambois, Hepscott, Scotland Gate, Guide Post, Clifton, Morpeth, Stannington, High Pit, East Cramlington, Nelson Village, Choppington, Shankhouse, Mitford, as well as in these postcodes NE22 5AW, NE22 5QP, NE22 5JE, NE22 5HF, NE22 5AD, NE22 5ED, NE22 5HB, NE22 5JH, NE22 5PA, NE22 5JS. Locally based Bedlington financial advisors will likely have the postcode NE22 and the dialling code 01670. Simply click the "enquiry" form or banner to get specifics of financial advisors in your location.
Northumberland Financial Advisors
In the Northumberland area you'll also find: Wooler financial advisors, Seaton Sluice financial advisors, Choppington financial advice, Allendale financial advisors, Swarland financial advice, Seahouses investment advice, New Hartley financial advice, Hadston financial advisors, Bellingham financial advisors, Longhorsley financial advice, Felton financial advisors, Berwick Upon Tweed financial advisors, Lesbury financial advice, Shilbottle investment advice, Hexham financial advisors, Corbridge financial advice, Widdrington Station financial advice, Ponteland financial advisors, Longframlington investment advice, Hadston investment advisors, Longframlington financial advisors, Hadston investment advice, Felton investment advisors, Lesbury investment advice, Ovingham financial advice.
Northumberland Financial Advice Enquiries
Recent Northumberland financial advice enquiries: Phoenix Johns and Fatimah Johns from Ellington recently enquired about getting financial advice. Imaan and Riley Snow from East Chevington recently asked for information on equity release. Pearl Peterson and Silas Peterson from Allendale recently asked for information on equity release. Bianka Darcy from Wooler, Northumberland recently enquired about investment bonds. Zofia Pike from Stamfordham, Northumberland recently asked for information on life assurance. Iris Mack from Corbridge, Northumberland recently asked for information on financial planning. Ryan and Aniya Holden from Riding Mill recently enquired about financial planning. Ayesha Senior from Hexham recently enquired about mortgage advice.
Bedlington Financial Advice Services
There are a wide array of services that are provided by your local Bedlington financial advisor including offshore investments Bedlington, investment planning, pension transfer advice, annuities, cashflow analysis, corporate financial planning in Bedlington, independent financial advice, mortgage financial planning, will writing services, financial analyst services, financial planning Bedlington, wealth management & investments in Bedlington, personal financial planning, investment bonds, stakeholder pension advice in Bedlington, bridging finance, corporate bonds, family income benefit, long term care fee planning, ethical investment advice, annuity purchase, cash flow modelling, life assurance advice, ISA's in Bedlington, business financial planning Bedlington, and more.
Skills Needed to be a Financial Advisor
- To have good IT skills.
- Good skills in verbal communication.
- A competent level of maths knowledge for building financial strategies.
- A solid knowledge and understanding of accounting and economics relating to financial markets and products.
- Good skills in customer service for determining client requirements.
- Excellent management skills for negotiating product rates.
- To be able to network and build relationships with customers.
- To have the ability to listen attentively
- To be good at selling services and products.
- To have good time management skills.
- To be thorough and pay attention to detail.
Financial Advisors Near Bedlington
Also: East Cramlington financial advisors, Choppington financial advisors, West Sleekburn financial advisors, Guide Post financial advisors, Cambois financial advisors, Blyth financial advisors, Clifton financial advisors, Morpeth financial advisors, Mitford financial advisors, Scotland Gate financial advisors, Dinnington financial advisors, High Pit financial advisors, Stannington financial advisors, Nelson Village financial advisors, Hepscott financial advisors, Loansdean financial advisors, Shankhouse and more.
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Financial Advisors Around Bedlington: Financial advice has recently been given in these Bedlington areas and streets - Deanery Street, Thornley Terrace, Bedlington Bank, Slaley Court, Conway Close, Cherrytree Court, Allgood Terrace, Station Street, Bolam Place, St Johns Road, Bonchester Close, Skipton Close, Alfred Avenue, Brockdale, Brambling Lea, Court Road, Browns Buildings, Acorn Avenue, Cumberland Avenue, Sandfield Road, Arundel Close, Acomb Court, Burt Road, Swiftdale Close, Clement Avenue, Taylors Buildings, as well as these local Bedlington postcodes: NE22 5AW, NE22 5QP, NE22 5JE, NE22 5HF, NE22 5AD, NE22 5ED, NE22 5HB, NE22 5JH, NE22 5PA, NE22 5JS.
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Financial Adviser Jobs Bedlington: View financial advisor jobs near Bedlington by clicking here: Bedlington Financial Advisor Jobs
Independent financial advisor in NE22 area, (dialling code 01670).
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