Financial Advisor Bexley Greater London (DA5): It can be a challenging experience trying to find a reliable independent financial advisor in the Bexley area, in particular if it is the very first time that you are needing financial advice. Whether you are searching for investment, mortgage, pensions or even insurance advice, all financial advisors have one thing in common; they must all stick to the regulations set by the FCA (Financial Conduct Authority). The advantage of this is that should a financial advisor who is FCA registered give you bad 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.
A decent starting point when choosing a financial advisor in Bexley could be friends and relations, but remember that the kind of advice you are looking for might be somewhat different to theirs. Not every financial advisor is suitable for everyone, and their advice needs to be personalised to your unique situation. To explore the various options that they are offering and find a financial advisor that you feel comfortable with and can trust, it is a good idea to talk to at least three different firms, because after all selecting a financial advisor is an important decision.
Restricted advisors and independent financial advisors (IFA), are the two main types of financial advisor in Bexley. An IFA will not be limited to a single company's products and services. Independent financial advice must be provided in an impartial way and should cover the entire spectrum of financial products and companies. If you choose to use an independent financial advisor, you will be able to select from the widest possible range of services, in order to find the ideal solution for you. If you use a restricted advisor you will discover that they may be limited to products and services of a specific provider, or as in the case of a mortgage advisor, may only be involved with one individual product.
Before any financial advisor in Bexley accepts you as a client, they are required by the Financial Conduct Authority to fully discuss their charges with you. You could be charged a set fee, by the hour or maybe even a percentage of your investment, based upon type of product you require. A free initial consultation could be offered, so that you can discuss your objectives and situation to find out if the advisor is a good fit. In some bigger Bexley companies, you could find that your account is managed by a team as opposed to an individual advisor.
You will need to fill in a "Fact Find" form, which is a confidential disclosure document relating your financial situation and aims to the advising company. To provide information regarding the financial advisor, their situation for offering independent or restricted advice and the scope of their permissions in the financial market, you'll also be handed an Initial Disclosure, or Key Facts Document. Your rights should also be laid out in this document, together with your options if you wish to complain because you aren't satisfied with the service you are given. It should be easy to understand, written in plain English, and explain exactly what you're committing yourself to, together with the risks and benefits of accepting the proffered advice. This document will also inform you about the cooling-off period. This allows you to cancel your agreement within a specific number of days, and whenever any penalties are incurred.
When talking with your financial advisor initially ensure that you check their qualifications and experience. After all you're on the verge of entrusting your financial wellbeing to their skill, so you must not be self-conscious about asking these questions. Every Bexley financial advisor must be able to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. Don't panic if your specific advisor's name does not show up on the Financial Services Register, as long as the firm is on the register, their personnel will be covered by the legislation. If they're not able to provide these accreditations, the individual can't offer advice but is permitted to offer financial guidance. Guidance differs to advice as it is not regulated, and if mistakes are made there may be no recourse to the client.
If you're looking for advice on investments you will be asked the amount of risk you're comfortable with. High risk investments may potentially offer larger rewards, however all or some of your money could be lost. Your savings aims will have to be taken into account if good investment advice is to be given, i.e. short or long term investments, how quickly you need access to your money and how much cash you want to invest. The one question that you should ask yourself, which is usually overlooked, is how much money you can afford to lose. This may affect the products and services that could be offered for your consideration, and is generally referred to as your 'capacity for loss'.
You'll want to tell your financial advisor about your current regular payments, investments, mortgage loans or savings accounts. This will provide a clear picture of your current financial situation, and without this the advice you're given will most likely not be the most suitable for you. The diversification of your savings and investments by spreading the risk load across a number of different products, is an important part of good quality financial advice. An experienced financial advisor in Bexley will understand the best areas to consider, which match your financial situation and your goals.
Communicating in the clearest way possible, your financial advisor will lay bare the multifaceted world of finance and investment. You should be in a position to make an informed and educated decision after you have compared the various services and products that meet your needs. You can even ask your advisor only to include ethical savings and investment schemes. This not only provides you with investment opportunities, but also enables you to lend your support to renewable energy or zero carbon projects, and avoid businesses and companies that don't share the same values as you do.
Having constant interactions with a financial advisor in Bexley could cause complications with your work life and other responsibilities. To allow you to seek advice at a time to suit you, one-on-one meetings can be complemented with telephone calls and video conferencing. Even if you never have an in-person meeting with your personal advisor, a competent financial advice company in Bexley will have stringent measures in force to ensure your details are kept secure and confidential, because home and remote working is now commonplace.
Investment values could drop as well as rise, and this is a factor that you must always keep in mind. If it happens that your investment is not making the amount of money you hoped for, it can be an extremely disheartening and stressful time. Unfortunately, a downward spiral in your investment is not a recognised grounds for complaint, unless of course it's because of incorrect or misleading information from your advisor.
Any grievances should start out with the company's complaints procedure as described in the Key Facts Document. You can inform the Financial Ombudsman of the problem if it remains unsolved within the time-frame set by the regulating authority, and your financial advisor is registered with the FCA.
The Financial Ombudsman will look into the cause of the complaint and make a ruling. A decision is made on how to rectify or financially compensate the customer, if the complaint is upheld. This will become a legally binding decision as soon as it has been accepted by the client, and the financial advisor and their company must comply with the ruling. Any distress, upset, inconvenience and trouble caused to the customer during the situation, will be accounted for when the Financial Ombudsman establishes the level of compensation.
Financial advice can be provided in Bexley and also in: Albany Park, Leyton Cross, Wilmington, Hook Green, Barnehurst, Bexleyheath, Slade Green, Welling, Chislehurst, Blackfen, Sidcup, North Cray, Northumberland Heath, Coldblow, Dartford, Crayford, together with these postcodes DA5 1LQ, DA5 2BG, DA5 2AL, DA5 1HL, DA5 1JA, DA5 1BB, DA5 2AQ, DA5 1EY, DA5 2AR, DA5 1LX. Locally based Bexley financial advisors will probably have the postcode DA5 and the dialling code 020.
Skills Needed by Financial Advisors
- Excellent customer service skills for finding out client needs.
- To be able to network and establish relationships with customers.
- A thorough knowledge of accounting and economics with regard to financial products and markets.
- To have the ability to listen attentively
- A good level of maths knowledge for creating financial plans.
- Excellent skills in verbal communication.
- To have excellent IT skills.
- Excellent management skills for the negotiation of product fees.
- To be thorough and pay attention to detail.
- To be good at selling services and products.
- To have excellent time management skills.
Greater London Financial Advice Enquiries
Recent Greater London financial advice enquiries: Mr and Mrs Broadbent from Eastcote, Greater London recently asked for information on mortgages. Mr and Mrs Sissons from Isleworth, Greater London recently enquired about investment advice. Eira and Ernest Leek from Highams Park, Greater London recently enquired about offshore investments. Mr and Mrs Dale from Stanmore recently asked for information on equity release. Ronan and Sabrina Jeffery from Chelsea recently asked for information on offshore investments. Barney and Nala Hinton from Westcombe Park recently enquired about equity release. Arwa and Indiana Gardner from Temple Fortune recently asked for information on equity release. Caroline and Rafael Cairns from Temple, Greater London recently asked for information on pensions.
Bexley Financial Advice Services
There are a wide range of services which are provided by your local Bexley financial advisor including ethical investment advice, mortgage financial planning, wealth management & investments, investment planning, investment advice Bexley, general financial planning Bexley, life insurance, divorce financial planning in Bexley, income protection advice, family income benefit Bexley, cashflow analysis in Bexley, unit trusts, trusts, pension advice, pension reviews, independent financial advice in Bexley, investment advice in Bexley, trustee investment services, pension planning in Bexley, corporate bonds, annuities Bexley, financial analyst services, investment bonds, pension transfers, offshore investments, and more.
Financial Advisors Near Bexley
Also: Leyton Cross financial advisors, Barnehurst financial advisors, Coldblow financial advisors, Wilmington financial advisors, Blackfen financial advisors, North Cray financial advisors, Chislehurst financial advisors, Northumberland Heath financial advisors, Albany Park financial advisors, Dartford financial advisors, Welling financial advisors, Bexleyheath financial advisors, Sidcup financial advisors, Hook Green financial advisors, Slade Green financial advisors, Crayford and more.
- Bexley Cashflow Analysis
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Financial Advisors Around Bexley: In the last twelve months financial advice was provided in these Bexley streets: St Thomas Court, South View Close, Albany Close, Baynham Close, Shuttlemead, Crofton Avenue, The Dell, The Close, Camden Road, Salisbury Road, Cold Blow Crescent, Bladindon Drive, Summerhouse Drive, Beaconsfield Road, Arcadian Avenue, Shoreham Close, Briar Road, Deniston Avenue, Dorchester Avenue, Cranleigh Close, Bourne Road, Balmoral Gardens, Brook Lane, and in these Greater London postcodes: DA5 1LQ, DA5 2BG, DA5 2AL, DA5 1HL, DA5 1JA, DA5 1BB, DA5 2AQ, DA5 1EY, DA5 2AR, DA5 1LX.
To obtain local information on Bexley, Greater London take a look here
Independent financial advisor in DA5 area, (dialling code 020).
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