Financial Advisor Bicester Oxfordshire (OX25): Locating a first-rate financial advisor advisor in Bicester can be a daunting experience, especially if you're seeking financial advice for the very first time. Whether you're searching for pension, mortgage, investment or even insurance advice, all professional financial advisors have one thing in common; they must all adhere to the regulations set by the Financial Conduct Authority. The good thing about this is that should a financial advisor who is FCA authorised give you poor advice, and anything goes wrong, you've got guarantees, and can contact the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to have it put right.
When picking a financial advisor in Bicester, a good place to start could be neighbours and friends, but you must remember that your situation may not be in line with theirs, and you may be in need of a different type of advice. Any advice they provide needs to be adapted to your particular situation, and not every financial advisor is suitable for everybody. To explore the options that they're offering and find a financial advisor that you feel comfortable with and can trust, it pays to chat to at least three different companies, because after all selecting a financial advisor is a big decision.
There are two principal types of financial advisor in Bicester; restricted advisors and independent financial advisors (IFA). An independent financial advisor won't be restricted to a single provider's products or services. Encompassing the whole spectrum of financial products and companies, independent financial advice must be offered in an unbiased and impartial way to clients. If you choose to use an independent financial advisor, you will be able to choose from the widest possible array of services, in order to find the ideal solution for you. A restricted advisor may be limited to services and products from a specific firm, or may even concentrate on a specific product, as can be the case with a mortgage advisor.
Before accepting you as a client, any Bicester financial advisor must be fully transparent with you about their charges, as demanded by the Financial Conduct Authority. Although it varies in accordance with the type of product you're interested in, there may be an hourly rate, a set fee, or you could even be charged a proportion of the money you're investing. You will sometimes be offered the chance of a free initial consultation to enable you to discuss your objectives and see if the advisor is a right fit for your circumstances. In some bigger Bicester firms, you might find that your account is handled by a team as opposed to an individual.
You'll need to complete a "Fact Find" form, which is a confidential disclosure document relating your financial situation and goals to the advising firm. You will also be given a Key Facts or Initial Disclosure Document, which gives you details of the financial advisor, their status to offer independent or restricted advice and their scope of permissions in the financial arena. If you are not satisfied with the service, and wish to submit 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 signing up for, and any possible benefits and risks if you opt to take the offered advice. The Key Facts Document should also tell you about the cooling-off period. Within a certain number of days, this makes it possible for you to cancel your contract with the financial advisor.
Ensure that you check what qualifications and experience the financial advisor has the first time you speak to them. You should never be self-conscious about asking these questions, after all you are on the verge of entrusting your financial wellbeing to their skill. A Level 4 qualification is the minimum qualification for any Bicester financial advisor, and they must also be in a position to present you with an annual Statement of Professional Standing. Don't stress if your financial advisor's name doesn't appear on the Financial Services Register, as long as the company is on the register, their personnel are covered by the legislation. If they're unable to present these accreditations, the individual cannot offer advice but is able to offer financial guidance. Guidance is somewhat different to advice as it is not regulated in the same way, and if financial mistakes occur there may be no recourse to the client.
If it's investments that you are interested in, your advisor will want to know the amount of risk you are willing and able to accept with your hard-earned money. High risk investments could potentially offer higher rewards, but all or some of your cash could be lost. Your savings goals should be considered if decent financial and investment advice is to be given, i.e. how much capital you want to invest, short or long term investments and how rapidly you need to access your money. "How much can you actually afford to lose?" Is the one vital question that you should really be asking yourself. This may influence the products and services that could be offered for your consideration, and is generally known as your 'capacity for loss'.
You must tell your financial advisor about any existing mortgages, regular outgoing payments, personal savings or investments. They'll need this information, so they can get a picture of your financial situation and give the best advice for your needs. Spreading the risk across different products by diversifying your investments and savings, is something that good quality financial advice should encompass. A competent financial advisor in Bicester will understand the best products to consider, which reflect your goals and your financial situation.
A financial advisor will throw open the multifaceted world of finance, and converse in as plain a speech as possible. This will enable you to compare services and products which match your needs, and come to an informed decision. You could even ask your advisor to only specify ethical investments and savings. You can then steer clear of firms that firms meet your criteria, and instead lend your support to those firms and organisations that address your concerns, for example renewable energy or zero carbon.
It can prove challenging to manage your work day and other commitments around working closely with a financial advisor in Bicester. This can be reduced by augmenting face-to-face appointments with phone calls and video conferencing, therefore enabling you to get the guidance you need at convenient times. Remote and home working is now commonplace, and a professional financial advice company in Bicester will have rigorous measures in force to keep your details confidential and secure, even if you hardly ever have an in-person meeting with your advisor.
Investment values could go down as well as up, and this is something that you must always bear in mind. If your investment is not making the amount of money you were hoping for, it can be extremely stressful and demoralising. However, except if it's due to incorrect or misleading information from your advisor a downward trend in your investment is not seen as a grounds for complaint.
The firm's complaints procedure should be the starting place for any disputes, and the Key Facts Document will clarify this. If your financial advisor is registered with the FCA, you can let the Financial Ombudsman know about the matter if it is unsolved within the period laid down by the regulating body.
After independently reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If it's found that the complaint is justified, a decision will be made on how the client can be compensated or the situation rectified. Once the decision is agreed on by the client it becomes a legally binding decision which the advisor and their firm, must comply with. The Financial Ombudsman will also take into account any upset, distress, hassle and inconvenience caused to the client during the process, and set the level of compensation proportionately.
Financial advice can be provided in Bicester and also in: Launton, Bletchingdon, Lower Arncott, Caversfield, Bucknell, Blackthorn, Marsh Gibbon, Highfield, Caulcott, Middleton Stoney, Stratton Audley, Woodfield, Ardley, Wendlebury, Ambrosden, and in these postcodes OX26 2HE, OX26 2LL, OX26 2FR, OX26 2BH, OX26 2LF, OX26 2JN, OX26 2JW, OX26 2DU, OX25 5YL, OX25 5UT. Locally based Bicester financial advisers will most likely have the telephone dialling code 01869 and the postcode OX25.
Financial Advisors Oxfordshire
In the Oxfordshire area you can additionally get: Wallingford financial advisors, Charlbury financial advisors, Upper Arncott financial advice, Rotherfield Peppard financial advisors, Ewelme investment advisors, Clanfield financial advisors, Faringdon investment advisors, East Hagbourne investment advice, Ambrosden investment advisors, Hanborough financial advisors, Chinnor investment advice, Tackley investment advice, Cumnor financial advisors, Marcham investment advice, Leafield investment advice, Freeland financial advisors, Finstock investment advisors, Shrivenham investment advisors, Brightwell Cum Sotwell investment advisors, East Hendred financial advice, Benson financial advisors, Yarnton investment advice, Brize Norton investment advisors, Standlake financial advisors, Shiplake investment advisors, Berinsfield financial advisors, Aston financial advisors, Eynsham financial advisors, Garsington financial advisors, Warborough financial advice.
Necessary Skills for a Financial Advisor
- The ability to promote products and services.
- Good skills in verbal communication.
- Excellent management skills for the negotiation of product prices.
- To be thorough and pay attention to detail.
- A solid knowledge of accounting and economics associated with financial products and markets.
- To have the ability to network and establish solid relationships with customers.
- A good level of numeracy for developing financial strategies.
- To be confident in using a computer and the appropriate software.
- To have good time management skills.
- Good skills in customer service for finding out customer needs and requirements.
- Attentive listening and interpersonal skills.
Bicester Financial Advice Services
There are a wide array of services which are provided by your local Bicester financial advisor including annuities Bicester, pension reviews, family income benefit, general financial planning, portfolio management Bicester, financial services, ISA's, long term care fee advice, pension plans in Bicester, stakeholder pension advice Bicester, business financial planning, ethical investments, income protection advice, cashflow analysis, divorce planning Bicester, pension consolidation, pension transfers, unit trusts, investment planning, trustee investment services, inheritance tax planning, retirement planning, investment advice Bicester, pension drawdowns, equity release advice in Bicester, and more.
Oxfordshire Financial Advice Enquiries
Current Oxfordshire financial advice enquiries: Alec Aitken from Charlbury recently enquired about life assurance. Amy Williams and Raphael Williams from Garsington, Oxfordshire recently enquired about financial planning. Rayaan Jenkins from Wolvercote, Oxfordshire recently enquired about life assurance. Aurora Westwood from Berinsfield, Oxfordshire recently enquired about financial planning. Payton and Quinn Rodrigues from Shrivenham recently asked for information on life assurance. Esa and Ella-Grace Sweeney from Kirtlington, Oxfordshire recently asked for information on family income benefit. Isla-Grace and Tudor Cornock from Chilton, Oxfordshire recently asked for information on financial planning. Sophia and Orlando Crowther from Clanfield, Oxfordshire recently asked for information on equity release.
Financial Advisors Near Bicester
Also: Middleton Stoney financial advisors, Bletchingdon financial advisors, Launton financial advisors, Caversfield financial advisors, Ambrosden financial advisors, Woodfield financial advisors, Blackthorn financial advisors, Wendlebury financial advisors, Highfield financial advisors, Lower Arncott financial advisors, Bucknell financial advisors, Marsh Gibbon financial advisors, Caulcott financial advisors, Ardley financial advisors, Stratton Audley and more.
- Bicester Financial Advice
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Financial Advisors Around Bicester: Financial advice has recently been given in these Bicester streets and roads - Cuckoo Close, Taylor Close, Bromeswell Close, Austen Walk, Blencowe Close, Alchester Road, Dow Street, Alchester Terrace, Crumps Butts, Blythe Place, Stratton Audley Park, Spruce Drive, Blenheim Drive, Barclay Close, Byron Way, Acorn Close, Stevenson Close, Dunnock Close, Campion Place, Station Approach, Swan Lane, Duxford Close, Browning Drive, Buchanan Road, Andover Close, Tait Drive, Truemper Grove, Stratton Lane, Carswell Circle, as well as the following Bicester area postcodes: OX26 2HE, OX26 2LL, OX26 2FR, OX26 2BH, OX26 2LF, OX26 2JN, OX26 2JW, OX26 2DU, OX25 5YL, OX25 5UT.
For local Bicester information click here
Independent financial advisor in OX25 area, (dialling code 01869).
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