Financial Advisor Bradford-on-Avon Wiltshire (BA15): If you are seeking financial advice for the first time, trying to find a decent financial advisor advisor in Bradford-on-Avon can be a quite daunting experience. Nevertheless, all financial advisors are bound by one common rule; they must all adhere to the regulations laid down by the Financial Conduct Authority, regardless of whether you are looking for investment, pension, mortgage or even insurance advice. The advantage of this is that if a financial advisor who is FCA certified gives you poor quality advice, and anything goes awry, you have guarantees, and can go to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get it put right.
When picking a financial advisor in Bradford-on-Avon, a decent place to begin could be neighbours and friends, however you must remember that your circumstances may not be in line with theirs, and you might be in need of a different type of advice. Any advice they offer needs to be adapted to your specific circumstances, and not every financial advisor is suitable for everybody. It is wise to talk with at least three different firms when you're choosing a financial advisor, as this is a big decision, and you'll be looking to find one that you can trust and feel at ease with, and also check out the various options they can provide.
When it comes to picking a financial advisor in Bradford-on-Avon, there are two principal types; restricted advisors and independent financial advisors (IFA). Offering a more extensive range of options, an IFA should not be confined to the services or products of a single provider. Covering the whole gamut of financial companies and products, independent financial advice should be offered in an unbiased and impartial way to customers. This will enable you to pick from the widest range of services to meet your needs. A restricted financial advisor may be involved with a single product, such as a mortgage advisor, or be limited to products and services from a particular company.
Before any financial advisor in Bradford-on-Avon takes you on as a client, they are required by the Financial Conduct Authority to tell you about their charges. Although it varies in accordance with the kind of service you require, there could be a set fee, an hourly rate, or you might even be charged a percentage of what you are investing. To enable you to discuss your goals and see if the advisor is suitable for your circumstances, you could be offered the chance of a free preliminary consultation. In some of the bigger Bradford-on-Avon firms, you might find that your account is handled by a team rather than an individual.
Before any actual financial advice is handed out you'll be asked to fill out a confidential disclosure form, known as a "Fact Find" document, which tells the advising firm about your financial situation and aims. To provide details about the financial advisor, their status to offer independent or restricted advice and their scope of permissions in the financial market, you'll also be handed a Key Facts Document, or Initial Disclosure Document. This document will also lay down your legal rights and the options you can take if you're not satisfied with the service provided, and want to submit a complaint. It should outline precisely what you're committing yourself to, and any potential risks and benefits that exist if you opt to take the advice offered, and it must be written in plain language. The cooling-off period should also be explained in this Key Facts Document. This makes it possible for you to cancel your contract within a specific period of time, and whenever any penalties are incurred.
Ensure that you check what experience and qualifications the financial advisor has the first time you speak with them. Asking these questions should never cause you any embarrassment, because you're about to entrust them with your long-term financial wellbeing. A Level 4 qualification is the minimum qualification for any Bradford-on-Avon financial advisor, and they must also be able to provide you with an annual Statement of Professional Standing. Don't worry if your particular financial advisor's name doesn't appear on the Financial Services Register, so long as the company is listed on the register, their staff are covered by the legislation. If they are not able to provide this proof, the person can't offer advice but can offer financial guidance. Guidance isn't subject to regulations in the same way as financial advice, meaning that if mistakes are made neither party will have any recourse.
If it is investments that you are interested in, your advisor will need to know the amount of risk you might be ready and able to accept with your hard-earned cash. Most investments carry some element of risk, but higher risk investments could offer substantial rewards, but also more likelihood of losing some or all of your money. Your savings objectives must be taken into account if good financial and investment advice is to be given, i.e. how much you have to invest, how quickly you need to access your money and short or long term investments. One question you should ask of yourself, which is normally ignored, is how much money you can afford to lose. This is known as your 'capacity for loss' and might affect the services and products that could be offered for your consideration.
If you've already got any existing mortgage loans, regular outgoings, investments or savings accounts, you must let your financial advisor know about these. This will provide a clear picture of your current financial situation, without which the advice you're given will most likely not be the most suitable for you. Spreading the risk across various products through the diversification of your savings and investments, is something that smart financial advice should embrace. With an understanding of the best areas to consider, a professional financial advisor will favour products that most closely fit in with your goals and financial situation.
Your financial advisor will try to communicate in the clearest possible way, while unmasking the multifaceted world of finance. You should be able to make an informed decision when you have compared the various services and products that meet your needs. If environmental issues are important to you, you could even ask that ethical investment and savings schemes take top priority. This doesn't just give you investment possibilities, but also enables you to lend your support to zero carbon or green energy projects, and keep away from companies that do not share the same values as you do.
It's not that easy to have a close working relationship with a financial advisor in Bradford-on-Avon without this impacting your work day and other responsibilities. To enable you to seek advice at a time to suit you, one-on-one meetings can be complemented with video conferencing and telephone. Any competent financial advice company in Bradford-on-Avon will have strict measures in place to keep your details confidential and secure, even if you hardly ever have a one-to-one meeting with your advisor, because home and remote working is now so common.
The value of your investments can fall as well as rise, and this is something that you must always bear in mind. If it happens that your investment is not making the amount of money you were hoping for, it can be an extremely disheartening and worrying time. A downward spiral in your investment isn't a recognised basis for complaint, unless your financial advisor has given you misleading or wrong information.
Any complaints should start with the firm's complaints procedure as detailed in the Key Facts Document. If your advisor is a member of the FCA, you can inform the Financial Ombudsman of the issue if it is unresolved within the time set out by the regulating body.
The Financial Ombudsman will independently review the cause of the complaint and make a ruling. If the complaint is found to be justified, a decision will be made on how to financially compensate the client. The financial advisor and their firm must comply with any decision that's made by the Ombudsman, which becomes legally binding as soon as the client has accepted it. The Financial Ombudsman will also take into account any upset, distress, inconvenience and hassle caused to the client during the dispute, and set the level of compensation proportionately.
Financial advice can be provided in Bradford-on-Avon and also in nearby places like: Staverton, Trowle Common, Little Ashley, Wingfield, Trowbridge, Lower Westwood, Salisbury, Great Ashley, Avoncliff, Farliehg Hungerford, Woolley Green, Bradford Leigh, Winsley, and in these postcodes BA15 1HJ, BA15 1BA, BA15 1NH, BA15 1JH, BA15 1NJ, BA15 1AR, BA15 1DA, BA15 1BG, BA15 1NL, BA15 1BL. Locally based Bradford-on-Avon financial advisers will likely have the postcode BA15 and the telephone code 01225. Simply click the "enquiry" form or banner to get specifics of financial advisors in your area.
Wiltshire Financial Advisors
In Wiltshire you'll also find: West Lavington financial advisors, Limpley Stoke financial advisors, Lyneham investment advice, Covingham investment advisors, Porton investment advisors, Corsham investment advisors, Wilton investment advisors, Lydiard Millicent financial advisors, Rowde financial advice, Ramsey investment advice, Lydiard Millicent investment advice, Bromham financial advice, Whiteparish investment advice, Wroughton financial advisors, Broughton Gifford financial advisors, Warminster financial advice, Box investment advisors, South Marston financial advice, Bratton financial advice, Bulford investment advice, Idmiston financial advice, Mere financial advisors, Wroughton investment advisors, Wanborough investment advice, Dilton Marsh financial advisors, Codford financial advice, Hullavington financial advisors, Calne financial advice, Wanborough financial advice, Market Lavington investment advisors.
Bradford-on-Avon Financial Advice Services
There is a variety of services which are provided by your local Bradford-on-Avon financial advisor including retirement planning Bradford-on-Avon, stakeholder pensions, business planning, investment bonds, income protection advice, pension drawdowns, pension reviews, inheritance tax planning, pension advice, equity release advice, corporate financial planning, corporate bonds in Bradford-on-Avon, investment planning, divorce financial planning, cheap financial advice, unit trusts Bradford-on-Avon, cashflow analysis, financial analyst services Bradford-on-Avon, independent financial advice, family income benefit in Bradford-on-Avon, financial planning, annuities, offshore investments Bradford-on-Avon, tax advice, wealth management & investments, and lots more.
Essential Skills for a Financial Advisor
- To be able to network and establish solid relationships with clients.
- To be able to competently use a computer and the main software.
- Good management skills for the negotiation of product fees.
- Outstanding skills in verbal communication.
- To have a flexible approach to work.
- A good level of numeracy for building financial packages.
- To be thorough and pay attention to detail.
- To have the ability to listen attentively
- To be good at promoting financial products and services.
- A good knowledge of economics and accounting with regard to financial products and markets.
- Effective customer service skills for finding out client needs.
A Financial Advisor's Daily Duties
- Negotiating with financial product providers.
- Producing detailed financial reports.
- Working in conjuction with peers to gather statistics, market information and trends.
- Meeting targets for performance and sales.
- Updating clients about their investments.
- Keeping up to date with new products and regulation changes.
- Researching financial products and explaining them clearly and simply to clients.
- Talking with customers about their finances and plans.
- Providing consultation, education and counselling regarding investments and finances.
- Keeping a record of potential clients and transactions.
Financial Advisors Near Bradford-on-Avon
Also: Staverton financial advisors, Trowbridge financial advisors, Great Ashley financial advisors, Winsley financial advisors, Woolley Green financial advisors, Wingfield financial advisors, Bradford Leigh financial advisors, Lower Westwood financial advisors, Farliehg Hungerford financial advisors, Little Ashley financial advisors, Avoncliff financial advisors, Trowle Common financial advisors, Salisbury and more.
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Financial Advisors Around Bradford-on-Avon: In Magnon Road, Hare Knapp, Poulton, Southway Road, Kingston Avenue, Highfield Road, Southville Close, Ashley Close, Greenland Mills, Northleigh, Wine Street, Market Street, Grange View, Springfield, Widbrook View, Leigh Road, Culver Road, Spencers Orchard, Budbury Place, Newtown, Pound Lane, Huntingdon Street, Berryfield Road, Follyfield, New Road Court, Silver Street, St Laurence Road, Mill Lane, as well as these Bradford-on-Avon area postcodes: BA15 1HJ, BA15 1BA, BA15 1NH, BA15 1JH, BA15 1NJ, BA15 1AR, BA15 1DA, BA15 1BG, BA15 1NL, BA15 1BL, people have just recently needed financial advice.
More Bradford-on-Avon Services: Needless to say, whenever you're looking at your finances in Bradford-on-Avon, Wiltshire, you will likely be in need of all types of different services and as well as accountants in Bradford-on-Avon, banruptcy lawyers in Bradford-on-Avon, debt recovery & collection in Bradford-on-Avon, family lawyers in Bradford-on-Avon, payroll services in Bradford-on-Avon, wills & probate in Bradford-on-Avon, property law & conveyancing in Bradford-on-Avon, solicitors in Bradford-on-Avon, mortgage brokers in Bradford-on-Avon, contracts lawyers in Bradford-on-Avon, bookkeepers in Bradford-on-Avon, investment advisors in Bradford-on-Avon, tax preparation in Bradford-on-Avon, mortgage advice in Bradford-on-Avon, business consulting in Bradford-on-Avon, estate planning in Bradford-on-Avon, business financial planning in Bradford-on-Avon, and other different Bradford-on-Avon experts.in Bradford-on-Avon, Wiltshire, you might also need
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More Wiltshire Financial Advisors: More Warminster, Marlborough, Chippenham, Wootton Bassett, Westbury, Salisbury, Trowbridge, Amesbury, Melksham, Swindon, Calne, Devizes, Bradford-on-Avon, Tidworth and Corsham.:
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