Financial Advisor Boston Lincolnshire (PE21): Locating a first-rate independent financial advisor in the Boston area can be a daunting experience, especially if you're needing financial advice for the very first time. Whether you're searching for mortgage, investment, pension or even insurance guidance, all professional financial advisors have one thing in common; they must all conform to the regulations set by the Financial Conduct Authority. Any advice given by a FCA approved financial advisor in Boston comes with guarantees that should things go wrong, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman.
When selecting a financial advisor in Boston, a good place to start could be neighbours and friends, but you must bear in mind that your situation might not be in line with theirs, and you might need a different kind of advice. Their advice needs to be adapted to your specific circumstances, and not every financial advisor is suitable for everyone. Choosing a financial advisor is a major decision and it is a good idea to talk to at least three different companies so as to explore the options they offer, and to find one you can trust and feel comfortable with.
There are two principal types of financial advisor in Boston; restricted advisors and independent financial advisors. Offering a more extensive range of options, an independent financial advisor will not be confined to the services or products of a single provider. Independent financial advice should be offered in a frank and unbiased way and should cover the full spectrum of financial companies and products. Using an independent financial advisor should allow you to select from the broadest possible range of services. If you go to a restricted advisor you will soon realise that they could be restricted to products and services of a single firm, or as with a mortgage advisor, will only be focused on one solitary product.
Before accepting you as a client, any financial advisor must tell you about their charges, as demanded by the Financial Conduct Authority. Depending on the type of service you are looking for, you could be charged a set fee, by the hour or possibly even a specific percentage of your investment value. A free preliminary consultation may be offered, so that you can discuss your aims and situation to see if the advisor is a good fit. In some of the larger Boston companies, you might find that your account is being managed by a team as opposed to an individual.
Before any actual advice is handed out you will be required to complete a confidential disclosure document, called a "Fact Find" form, which tells the advising company about your financial situation and targets. To provide details of the financial advisor, their situation for offering restricted or independent advice and the scope of their permissions in the financial arena, you'll also be given an Initial Disclosure, or Key Facts Document. This document should also set down your rights and the options you can take if you are not satisfied with the service, and want to make a complaint. It must be simple to understand, written in layman's terms, and outline exactly what you're signing up for, along with the risks and benefits of accepting the proffered advice. You can find the level of cooling-off period in the Key Facts Document. Within a specific time period, this enables you to cancel your contract with the financial advisor.
The first time you are talking with your financial advisor you should check what experience and qualifications they've got. Asking such questions should never cause you any embarrassment, because after all you are about to entrust them with your long-term financial wellbeing. All Boston financial advisors must hold at least a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. You should not panic if your financial advisor's name doesn't appear on the Financial Services Register, so long as the firm is listed on the register, their personnel will be covered by the legislation. If they're unable to supply these accreditations, the person can't offer advice but can offer financial guidance. Guidance is not subject to regulations in the same way as financial advice, meaning that if errors are made the client won't have any recourse.
If it's investments that you are interested in, your advisor will want to know the level of risk you might be willing and able to take with your hard-earned cash. Better rewards could be possible with high risk investments, however you could also lose some or all of your cash. Your savings goals will need to be carefully considered if good quality financial and investment advice is to be given, i.e. how quickly you need to access your funds, long or short term investments and how much you wish to invest. "How much can you afford to lose?" Is the one vital question that you really need to ask yourself. Generally referred to as your capacity for loss, this will very likely affect the services and products that you are offered.
Right from the start, it's imperative that you let your financial advisor know about any investments, regular outgoings, savings accounts or mortgages that you currently have. This will provide a clear and full picture of your current financial circumstances, without which the advice given may not be the best for you. Smart financial advice should include diversifying your investments and savings by spreading the risk across various products. In order to mirror your financial circumstances and goals, a professional financial advisor in Boston will be aware of the best areas to consider.
Communicating in the clearest possible way, your financial advisor will unmask the complex world of investment and finance. After comparing the products and services that match your needs, you should be able to make an informed and intelligent decision. If you are environmentally minded, you could ask your financial advisor to stick to ethical investments and savings. You will then be able to steer clear of investments that companies meet your requirements, but instead support those enterprises and companies that match your concerns, for instance zero carbon or renewable energy.
Working alongside a financial advisor in Boston can be tricky to manage around your work day and other obligations. To enable you to seek advice at a time to suit you, one-on-one meetings can be augmented with telephone calls and video conferencing. A competent financial advice provider in Boston will have strict measures in force to ensure your details are kept secure and confidential, even if you never have a face-to-face meeting with your advisor, because remote and home working is now so common.
You have to keep in mind that the financial world is a volatile sector, and investment values could just as easily drop as well as rise. If it happens that your investment is not making the amount of money you were hoping for, it can be a very stressful and disheartening time. Sadly, a downward trend in your investment is not a recognised cause for complaint, unless it is down to misleading or wrong information from your financial advisor.
Any disputes should begin with the company's complaints procedure as described 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 the financial advisor is registered with the Financial Conduct Authority.
The Financial Ombudsman will independently review the cause of the complaint and come to a decision. A decision will be made on how to financially compensate the client, if the complaint is justified. The advisor and their firm must comply with any ruling that's made, which becomes legally binding as soon as the client has accepted it. The Ombudsman will also consider any inconvenience, upset, trouble and distress caused to the client during the dispute, and fix the level of compensation proportionately.
Financial advice can be provided in Boston and also nearby in: Frampton West, Frithville, Sibsey, Benington, Kirton Holme, Wyberton, Wyberton Fen, Leverton, Freiston, Haven Village, Skirbeck, Kirton, Frampton, Cowbridge, Butterwick, Gipsey Bridge, Fishtoft, together with these postcodes PE21 0EF, PE21 0DZ, PE21 0EE, PE21 0LT, PE21 1DG, PE21 0NB, PE20 3NW, PE21 0EP, PE21 0LD, PE21 1DL. Locally based Boston financial advisors will probably have the dialling code 01205 and the postcode PE21. Click the "enquiry" banner or form to get details about financial advisors in your area.
Boston Financial Advice Services
There are a number of different services that can be provided by your local Boston financial advisor including corporate bonds, inheritance tax planning, investment bonds in Boston, unit trusts, annuities, will writing services in Boston, cash flow modelling Boston, pension planning, cashflow analysis, pension transfer advice in Boston, financial analyst services, portfolio management in Boston, life assurance advice, stakeholder pensions, annuity purchases in Boston, tax planning Boston, pension drawdowns, long term care fee advice, offshore investment advice, family income benefit, bridging finance, corporate financial planning Boston, wealth management & investments, independent financial advice in Boston, investment planning Boston, and lots more.
Lincolnshire Financial Advice Enquiries
Recently posted Lincolnshire financial advice enquiries: Mr and Mrs Barnett from Ealand, Lincolnshire recently enquired about getting financial advice. Tayla Taggart and James Taggart from Kirton recently enquired about mortgage advice. Kira Ashton from Donington, Lincolnshire recently enquired about life assurance. Mr and Mrs Proctor from Sleaford, Lincolnshire recently asked for information on financial planning. Fiona and George Winfield from Long Sutton recently enquired about financial planning. Dewi Walsh and Harriett Walsh from Wrawby recently asked for information on life assurance. Darla and Jonah Malley from Ingoldmells, Lincolnshire recently asked for information on pensions. Mr and Mrs Hogg from Skegness, Lincolnshire recently asked for information on equity release.
Lincolnshire Financial Advisors
In Lincolnshire you'll also discover: Aubourn investment advice, Hibaldstow financial advisors, Wrawby investment advice, Manby financial advice, Bottesford investment advisors, Gainsborough financial advisors, Horncastle financial advice, Scopwick financial advisors, Sutterton investment advisors, Caythorpe investment advice, Witham St Hughs financial advice, Barnetby le Wold investment advice, Croft financial advice, Wainfleet All Saints investment advice, Barrowby financial advisors, Holton le Clay financial advice, Ingoldmells financial advice, Frampton financial advisors, Billingborough investment advice, Haddington investment advisors, Harlaxton financial advice, Normanby By Spital financial advice, Scampton investment advisors, Deeping St James investment advisors, Laceby financial advisors, Sudbrooke financial advice, Middle Rasen financial advisors, Kirton investment advisors, Great Gonerby investment advice, Broughton financial advice.
Required Skills for Financial Advisors
- To pay attention to detail and be thorough.
- To be able to network and establish solid relationships with customers.
- To be target driven.
- Effective skills in customer service for establishing customer needs and requirements.
- Effective management skills for the negotiation of product prices.
- To have the ability to listen attentively
- A good knowledge and understanding of accounting and economics associated with financial markets and products.
- To be good at promoting services and products.
- An excellent level of numeracy for building financial strategies.
- To be capable of using a computer and the appropriate software programs.
- Excellent skills in verbal communication.
Daily Duties for a Financial Advisor
- A financial advisor researches financial products and explains them simply and clearly to clients.
- A financial advisor produces financial reports.
- A financial advisor keeps up to date with law changes and new financial products.
- A financial advisor provides consultation, counselling and education regarding finances and investments.
- A financial advisor meets targets for performance and sales.
- A financial advisor negotiates with providers of financial products.
- A financial advisor keeps a record of clients and transactions.
- A financial advisor continually updates customers about their investments.
- A financial advisor talks with customers about their finances and plans.
- A financial advisor works together with peers to collect statistics, trends and market information.
Financial Advisors Near Boston
Also: Cowbridge financial advisors, Wyberton financial advisors, Benington financial advisors, Gipsey Bridge financial advisors, Butterwick financial advisors, Frithville financial advisors, Fishtoft financial advisors, Kirton Holme financial advisors, Leverton financial advisors, Sibsey financial advisors, Frampton West financial advisors, Kirton financial advisors, Haven Village financial advisors, Wyberton Fen financial advisors, Skirbeck financial advisors, Freiston financial advisors, Frampton and more.
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Financial Advisors Around Boston: In Tytton Lane East, Summerfields, Abbey Crescent, Centenary Close, Cul De Sac, Steyning Lane, Bicker Fen, Arcott Drive, Bradshaws Terrace, Sunningdale Drive, Scrane End, St Margarets Drive, Claydyke Bank, Tyler Crescent, Skirmore Road, Danger Bridge, Cole Lane, Solway Avenue, Burtoft Lane, Cotton Road, The Fairways, Trader Bank, Sherwood Avenue, Cowbridge Road, Andrew Common, Stickney Lane, Shorts Corner, Tudor Drive, Caroline Street, as well as these local Boston postcodes: PE21 0EF, PE21 0DZ, PE21 0EE, PE21 0LT, PE21 1DG, PE21 0NB, PE20 3NW, PE21 0EP, PE21 0LD, PE21 1DL, folks have recently needed financial and investment advice.
For local information regarding Boston, Lincolnshire check here
Independent financial advisor in PE21 area, and dialling code 01205.
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