Financial Advisor Bedworth Warwickshire (CV12): Finding a decent financial advisor advisor in Bedworth can be a challenging experience, especially if you are seeking financial advice for the first time. Whether it's pensions, mortgage, investments or even insurance guidance that you are looking for, there is one common rule for all financial advisors; they all have to adhere to Financial Conduct Authority (FCA) regulations. The good thing about this is that should a financial advisor who is FCA certified give you poor quality advice, and anything goes wrong, you have guarantees, and can get in touch with the Financial Ombudsman or the Financial Services Compensation Scheme to have it put right.
A decent starting point when choosing a financial advisor in Bedworth can be friends and relatives, but keep in mind that the kind of advice you're looking for may be significantly different to theirs. Their advice needs to be adapted to your unique circumstances, and not every financial advisor is suitable for everyone. Selecting the right financial advisor is crucial and it pays to speak to at least three different firms in order to explore the options they offer, and to find one that you can trust and feel at ease with.
There are two main kinds of financial advisor in Bedworth; restricted advisors and independent financial advisors. An IFA will not be confined to a single company's products and services. Independent financial advice must cover the full gamut of financial products and companies, and must be given in an unbiased way. If you elect to use an independent financial advisor, you'll be able to pick from the widest possible array of services, so as to find the perfect solution for your needs. If you use a restricted financial advisor you will discover that they could be limited to services and products of one particular company, or as in the case of a mortgage advisor, may only be concerned with one individual product.
Before taking you on as a client, any Bedworth financial advisor must be transparent about their charges, as required by the FCA. You might be charged a set fee, by the hour or maybe even a proportion of your investment, depending on type of service you require. A free preliminary consultation may be offered, so you can discuss your aims and circumstances to see if the advisor is the right fit. If you go with one of the larger Bedworth companies, your account could be managed by a team of advisors rather than one individual.
You will need to complete a "Fact Find" document, which is a confidential disclosure form relating your desired goals and financial situation to the advising firm. You will also be handed a Key Facts or Initial Disclosure Document, which gives you information about the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial sector. If you aren't happy with the service, and wish to complain, this document should also set down your legal rights and the possible options you can take. It should outline precisely what you are committing yourself to, and any possible benefits and risks if you decide to take the offered advice, and it has to be laid out in plain language. The level of cooling-off period should also be spelled out in this Key Facts Document. This enables you to cancel your contract within a specific number of days, and if any penalties have to be paid.
The first time you're speaking to your 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 skill, so you must not be embarrassed about asking such questions. A Level 4 qualification in financial advice is the minimum qualification for any financial advisor in Bedworth, and they must also be able to show an annual Statement of Professional Standing. Don't worry if your advisor's name does not appear on the Financial Services Register, as long as the company is on the register, their advisors will be covered by the legislation. If these cannot be provided the individual can still offer financial guidance instead of financial advice. Guidance is different to advice as it isn't regulated in the same way, and if financial blunders occur there will likely be no recourse to either party.
If it's investing money that you are interested in, the advisor will need to know the level of risk you are willing to take with your hard-earned money. Most investments carry some degree of risk, but high risk investments could potentially offer better rewards, but also more likelihood of losing your capital. In order to get the very best investment and financial advice, your savings objectives will need to be considered, i.e. how much you wish to invest, how rapidly you need to access your funds and short or long term investments. You should always ask yourself the one crucial question, how much can you actually afford to lose. This is called your capacity for loss and may influence the services and products that could be offered for your consideration.
If you have already got any existing savings accounts, regular outgoings, investments or mortgage loans, you must let your financial advisor know about these. This should give a clear and full picture of your current financial situation, and without this the advice you're given may not be the most suitable for you. Spreading the risk across different products by diversifying your investments and savings, is something that reliable financial advice should embrace. With a knowledge of the best areas to consider, a certified financial advisor will focus attention on products that fit in with your financial circumstances and goals.
Your financial advisor will communicate in as plain a speech as possible, to throw open the complex world of finance. You should be able to make an informed decision once you have compared the various services and products which match your needs. If environmental issues are important to you, you could perhaps ask that ethical savings and investment schemes take precedence. This does not just give you investment possibilities, but also enables you to lend your support to green energy or zero carbon projects, and keep away from those that do not share the same values as you.
It could prove challenging to manage work and other responsibilities around working closely with your financial advisor in Bedworth. Face-to-face meetings can be augmented with video conferencing and telephone calls to allow you to get advice at times that suit you. Any professional financial advice provider in Bedworth will have rigorous measures in place to ensure your details are kept secure and confidential, even if you rarely have a one-to-one meeting with your personal advisor, because remote and home working is now so common.
You have to bear in mind that the financial world is an unpredictable sector, and the value of your investments can just as easily go down as well as up. If your investment isn't making as much money as you hoped for, it can be extremely worrying and disheartening. Your investment having a downward trend isn't seen as a basis for complaint, unless your financial advisor has given you misleading or incorrect information.
Any disputes should start out with the company's official complaints procedure as outlined in the Key Facts Document. You can inform the Financial Ombudsman of the problem if it is unresolved within the time laid down by the regulating body, and your advisor is registered with the Financial Conduct Authority.
After looking into the cause for complaint, the Financial Ombudsman will come to a decision on the issue. A decision is made on how to rectify or financially compensate the client, if the complaint is justified. This will become legally binding as soon as it has been agreed on by the client, and the advisor and their company must comply with the ruling. Any compensation fixed by the Ombudsman will also take into consideration any inconvenience, distress, trouble and annoyance caused to the customer during the dispute.
Financial advice can be provided in Bedworth and also in nearby places like: Goodyers End, Ansty, Longford, Griff, Black Bank, Exhall, Weston in Arden, Aldermans Green, Shilton, Bedworth Woodlands, Bulkington, Wolvey, Bermuda, Fillongley, Marston Jabbett, Collycroft, Ryton, together with these postcodes CV12 0NZ, CV12 0LG, CV12 0AJ, CV12 0JL, CV12 0HR, CV12 2BD, CV12 0AF, CV11 4GD, CV12 0AA, CV12 0HY. Locally based Bedworth financial advisors will probably have the dialling code 024 and the postcode CV12.
Bedworth Financial Advice Services
There is a wide range of services which are provided by your local Bedworth financial advisor including unit trusts, corporate bonds, business financial planning Bedworth, pension planning Bedworth, financial analyst services in Bedworth, annuity purchase in Bedworth, inheritance tax planning, will writing services, family income benefit Bedworth, general financial planning in Bedworth, cash flow modelling, income protection advice in Bedworth, personal financial planning, portfolio management, life insurance advice, wealth management & investments, equity release, financial planning Bedworth, ethical investments, pension reviews, investment planning Bedworth, bridging finance, investment bonds Bedworth, corporate financial planning Bedworth, long term care fee advice in Bedworth, and lots more.
A Financial Advisor's Everyday Duties
- Updating clients concerning their investments.
- Keeping up to date with new products and legislation changes.
- Collaborating with providers of financial products.
- Researching financial products and explaining them clearly and simply to customers.
- Meeting targets for sales and performance.
- Producing detailed financial reports.
- Working in collaboration with associates to obtain trends, statistics and market information.
- Keeping a record of transactions and customers.
- Speaking with clients regarding their finances and plans.
- Providing consultation, counselling and education regarding investments and finances.
Financial Advisors Near Bedworth
Also: Bulkington financial advisors, Bedworth Woodlands financial advisors, Ansty financial advisors, Black Bank financial advisors, Bermuda financial advisors, Fillongley financial advisors, Ryton financial advisors, Exhall financial advisors, Aldermans Green financial advisors, Collycroft financial advisors, Griff financial advisors, Weston in Arden financial advisors, Shilton financial advisors, Goodyers End financial advisors, Longford financial advisors, Marston Jabbett financial advisors, Wolvey and more.
- Bedworth Tax Advice
- Bedworth Life Insurance Advice
- Bedworth Wealth Management
- Bedworth Estate Planning
- Bedworth Retirement Advice
- Bedworth Cashflow Analysis
- Bedworth Pension Advice
- Bedworth Corporate Financial Advice
- Bedworth Mortgage Advice
- Bedworth Inheritance Advice
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- Bedworth Trustee Investments
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- Bedworth Financial Services
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Financial Advisors Around Bedworth: Some Bedworth streets where financial advice has recently been given - Ascot Close, Bellairs Avenue, Downing Crescent, The Birches, Severn Road, Drayton Road, Calder Close, The Limes, Bulkington Road, Thirlmere Road, The Chestnuts, The Grove, Chapel Street, Tulliver Close, Acacia Crescent, St James Gardens, Smercote Close, Shakespeare Avenue, Croft Road, Burns Walk, Alms Houses, Croft Pool, Alice Close, Astley Lane, Topps Drive, Cozens Close, Carlton Close, as well as these Bedworth area postcodes: CV12 0NZ, CV12 0LG, CV12 0AJ, CV12 0JL, CV12 0HR, CV12 2BD, CV12 0AF, CV11 4GD, CV12 0AA, CV12 0HY.
To obtain local Bedworth info go here
Independent financial advisor in CV12 area, telephone code 024.
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