Financial Advisor Brighton East Sussex (BN1): If you are seeking financial advice for the first time, trying to find a reliable financial advisor advisor in the Brighton area can be a daunting experience. Nevertheless, all qualified financial advisors have one thing in common; they must all stick to the regulations laid down by the Financial Conduct Authority (FCA), whether you are after mortgage, pension, investments or even insurance advice. This comes with some guarantees, thus after getting advice from a FCA certified financial advisor in Brighton, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman Scheme, if something should go wrong.
Recommendations from friends and relatives can be a good starting point in choosing a financial advisor in Brighton, but bear in mind that their needs might be different to what you're looking for. Every financial advisor isn't suitable for everyone, and any advice they provide should be tailored to your particular circumstances. Choosing a financial advisor is a big decision and it pays to speak to at least three different firms so as to investigate the options they can offer, and to find one you feel comfortable with and can trust.
There are 2 main types of financial advisor in Brighton; independent financial advisors and restricted advisors. The good thing about using an IFA is that they should not be restricted to just one provider's products and services, and can offer a wide range of options. Covering the full spectrum of financial companies and products, independent financial advice should be given in an unbiased and impartial way to clients. If you decide to use an independent financial advisor, you will be able to choose from the broadest possible range of products, in order to find the perfect solution for your needs. If you go to a restricted financial advisor you will soon realise that they might be restricted to services and products of a single provider, or as in the case of a mortgage advisor, may only be involved with one solitary product.
The Financial Conduct Authority demands that any Brighton financial advisor must be transparent about their charges, before taking you on as a client. Although it can vary based on the type of service you're looking for, there may be a set fee, an hourly rate, or you might even be charged a proportion of what you are investing. You could be offered the possibility of a free first consultation to enable you to discuss your objectives and determine whether the advisor is a good fit for you and your circumstances. If you go to one of the bigger Brighton companies, your account may be looked after by a team of advisors rather than one individual.
Before any advice is given you'll be required to complete a confidential disclosure document, known as a "Fact Find" form, which informs the advising company about your financial situation and objectives. You will also be given a Key Facts or Initial Disclosure Document, which provides you with information regarding the financial advisor, their status to offer restricted or independent advice and the extent of their permissions in the financial sector. Your own rights will also be set out in this document, together with your options if you want to complain because you're not satisfied with the service you're given. It must be easy to understand, written in plain language, and outline precisely what you're signing up for, together with the risks and benefits of going along with the advice. The level of cooling-off period should also be spelled out in this document. This enables you to change your mind within a certain period of time, and cancel the agreement with your financial advisor.
When talking to your financial advisor the very first time you should check their qualifications and experience. Asking these questions shouldn't cause you any embarrassment, because after all you are entrusting them with your financial wellbeing. A Level 4 qualification is the minimum qualification for any Brighton financial advisor, and they also have to be able to provide you with an annual Statement of Professional Standing. If the advisor's name does not show up on the Financial Services Register, you shouldn't stress, the firm the advisor works for should be found on the register and their personnel are all 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 different to advice as it is not regulated in the same way, and if financial mistakes occur there will likely be no recourse to either party.
If it is investing money that you are interested in, your advisor will ask you about the amount of risk you are prepared to take with your hard-earned cash. Many investments carry some degree of risk, but high risk investments could offer higher rewards, but also more chance of losing your cash. Good investment and financial advice will take you savings objectives into consideration, i.e. how much money you want to invest, short or long term investments and how rapidly you need to access your money. One question you should ask of yourself, which is usually ignored, is how much you can afford to lose. This is generally known as your capacity for loss and could affect the services and products that may be offered to you.
If you have already got any current mortgage loans, regular payments, investments or personal savings, you should tell your financial advisor about these. This should give a clear picture of your current financial situation, without which the advice you are given may not be the most appropriate for you. Good financial advice should include diversifying your savings and investments by spreading the risk across different products. So as to match your financial circumstances and your goals, a seasoned financial advisor in Brighton will have the knowledge of the best areas to consider.
A financial advisor will reveal the multifaceted world of finance, and communicate in the clearest possible way. After learning about the various services and products that meet your needs, you should be in a position to come to an informed and educated decision. You could perhaps ask your financial advisor to only choose ethical savings and investment schemes. This will allow you to give your support to companies and enterprises which match your concerns, e.g. zero carbon or green energy, or perhaps steering clear of investments that do not meet your requirements.
Working alongside your financial advisor in Brighton can be challenging to manage around your work day and other responsibilities. One-on-one meetings can be supplemented with video conferencing and telephone calls to allow you to get advice at times that suit you. Working from home and remote working is now a large part of our society, and a professional financial advice firm in Brighton will have stringent measures in force to ensure your details are kept confidential and secure, even if you rarely have a face-to-face meeting with your advisor.
The value of your investments can fall as well as rise, and this is something that you must bear in mind. If it just so happens that your investment is not making as much money as you hoped for, it can be an extremely frustrating and worrying time. However, unless it's due to misleading or incorrect information from your advisor a downward spiral in your investment isn't seen as a grounds for complaint.
Any complaints should begin with the company's complaints procedure as detailed in the Key Facts Document. If the advisor is registered with the Financial Conduct Authority, you can tell the Financial Ombudsman about the matter if it is unsolved within the time set by the regulating authority.
The Financial Ombudsman will come to a decision after independently reviewing the cause of the complaint. A decision is made on how to rectify or financially compensate the client, if the complaint is justified. On acceptance by the client, the ruling will become a legally binding one, and the financial advisor and their company must abide by it. Any compensation fixed by the Ombudsman will also take into account any inconvenience, distress, hassle and upset caused to the client during the situation.
Financial advice can be provided in Brighton and also in: Hove, Withdean, Patcham, Lancing, Falmer, Bevendean, Saltdean, Moulescoomb, Peacehaven, Stanmer, Kemp Town, Rottingdean, Preston, Shoreham-by-Sea, Southwick, Portslade, together with these postcodes BN1 1RN, BN1 1TT, BN1 1RF, BN1 1EL, BN1 1RT, BN1 2FG, BN1 1ED, BN1 1RP, BN1 2FB, BN1 1TQ. Local Brighton financial advisors will likely have the phone code 01273 and the postcode BN1. Click on the "enquiry" form or banner to get info on financial advisors in your area.
Skills Needed to be Financial Advisors
- To have good IT skills.
- To have a goal driven attitude.
- A thorough understanding of accounting and economics relating to financial markets and products.
- To be good at promoting services and products.
- A competent level of math knowledge for developing financial packages.
- Effective management skills for the negotiation of product prices.
- Good skills in customer service for identifying client needs.
- To have the ability to network and establish solid relationships with clients.
- Outstanding skills in verbal communication.
- To pay attention to detail and be thorough.
- To have the ability to listen attentively
Brighton Financial Advice Services
There is a variety of services that are provided by your local Brighton financial advisor including cash flow modelling, stakeholder pensions, trustee investment services, pension drawdowns, corporate bonds, general financial planning, financial analyst services in Brighton, investment bonds, retirement advice in Brighton, will writing services, divorce planning, family income benefit Brighton, ISA's, long term care fee planning, tax advice in Brighton, investment planning, life insurance Brighton, ethical investments Brighton, offshore investment advice, corporate financial planning, trusts, personal financial planning, annuity purchases, financial planning Brighton, income protection, and more.
East Sussex Financial Advice Enquiries
Recent East Sussex financial advice enquiries: Freya and Jago Gorman from Forest Row, East Sussex recently enquired about pension advice. Quinn and Lola Dolan from Salehurst, East Sussex recently asked for information on pensions. Mr and Mrs Collins from Catsfield, East Sussex recently asked for information on financial planning. Bailey Haigh and Delilah Haigh from Robertsbridge, East Sussex recently enquired about investment advice. Emilee Forrest from Buxted recently asked for information on life assurance. Mr and Mrs Kidd from Hurst Green recently enquired about equity release. Evie-Mae and Kodi Barrett from Flimwell, East Sussex recently enquired about investment bonds. Ronny Norman and Anika Norman from Heathfield, East Sussex recently enquired about getting financial advice.
Financial Advisors Near Brighton
Also: Preston financial advisors, Portslade financial advisors, Peacehaven financial advisors, Hove financial advisors, Lancing financial advisors, Moulescoomb financial advisors, Kemp Town financial advisors, Bevendean financial advisors, Southwick financial advisors, Shoreham-by-Sea financial advisors, Saltdean financial advisors, Falmer financial advisors, Rottingdean financial advisors, Stanmer financial advisors, Patcham financial advisors, Withdean and more.
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Financial Advisors Around Brighton: Financial advice has recently been provided in these Brighton streets and roads - Bengairn Avenue, Dolphin Mews, Sea-saw Way, Stafford Road, St Leonards Road, St Lukes Terrace, Brompton Close, Brambletyne Avenue, Chiltington Close, Southall Avenue, Saunders Park Rise, St Michaels Place, Blackthorn Close, Temple Street, The Village Square Shops, Dyke Road Place, Dean Court Road, Beechgrove, Charles Street, Dartmouth Close, The Cliff, Truleigh Drive, Albion Hill, Audrey Close, Dale Crescent, Drovers Close, Brigden Street, Cuthbert Road, Shanklin Road, Buckingham Close, as well as the following local Brighton postcodes: BN1 1RN, BN1 1TT, BN1 1RF, BN1 1EL, BN1 1RT, BN1 2FG, BN1 1ED, BN1 1RP, BN1 2FB, BN1 1TQ.
To find local Brighton information look here
Independent financial advisor in BN1 area, (dialling code 01273).
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