Financial Advisor Broadstairs Kent (CT10): If you are seeking financial advice for the very first time, trying to find a reliable independent financial advisor in Broadstairs can be a quite daunting experience. Nevertheless, all financial advisors have one thing in common; they all have to stick to the regulations laid down by the FCA (Financial Conduct Authority), whether you are after investment, mortgage, pensions or even insurance advice. The advantage of this is that should a financial advisor who is FCA registered give you bad advice, and anything goes awry, you have guarantees, and can go to the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to have it put right.
When choosing a financial advisor in Broadstairs, a good starting point could be friends and relations, however you must bear in mind that your situation might not be in line with theirs, and you might be in need of a different sort of advice. Every financial advisor isn't suitable for everyone, and any advice they provide should be adapted to your particular circumstances. It is a good idea to chat to at least three different companies when you're choosing a financial advisor, since this is a major decision, and you'll be looking to find one that you feel comfortable with and can trust, and check out the options they offer.
When it comes to picking a financial advisor in Broadstairs, there are 2 main types; restricted advisors and independent financial advisors. The benefit of seeing an independent financial advisor is that they will not be limited to the products or services of a single company, and can offer a more diverse range of options. Covering the full gamut of financial companies and products, independent financial advice must be given in an honest and unbiased way to customers. This will allow you to select from the widest range of products to suit your needs. A restricted financial advisor could be tied to products and services from a single company, or may even concentrate on a particular product, as can be the case with a mortgage advisor.
Before accepting you as a client, any Broadstairs financial advisor must fully discuss their charges with you, as set out by the FCA. You might be charged a set fee, by the hour or even a specific percentage of your investment, based upon type of service you're looking for. To discuss your aims and see if the advisor is a right fit for your circumstances, a free initial consultation may be offered. If you go to one of the larger Broadstairs firms, your account might be looked after by a team of advisors rather than just one individual.
Before any financial advice is handed out you'll be asked to fill out a confidential disclosure form, called a "Fact Find" document, which informs the advising company about your targets and financial situation. An Initial Disclosure Document, or Key Facts Document will also be given to you, providing information on the financial advisors themselves, detailing the extent of their permissions in the financial arena and their status to offer restricted or independent advice. If you're not satisfied with the service provided, and wish to complain, this document should also lay down your own rights and the possible options you can take. It should be typed out in plain English and detail what you are signing up for, and any potential risks and benefits that exist should you opt to take the advice offered. You can find the level of cooling-off period in this document. Within a certain time period, this allows you to cancel your agreement.
The very first time you are talking with the financial advisor make sure you check what qualifications and experience they've got. Asking such questions should not cause you any embarrassment, because you are entrusting them with your financial wellbeing. All financial advisors in Broadstairs must hold at least a Level 4 qualification and be able to present an annual Statement of Professional Standing. When checking the Financial Services Register, you should not freak out if your advisor's name does not appear on there; you ought to be able to find the company name, and that means the regulations covers all of their advisors. If they are unable to present these accreditations, the person cannot offer advice but is allowed to offer financial guidance. In terms of finance guidance is somewhat different to advice and is not regulated. Therefore there is no recourse for either party if errors arise.
If you are looking for advice on investing money you will be asked about the amount of risk you're comfortable with. Bigger rewards might be possible with high risk investments, but you may also lose some or all of your capital. The best investment and financial advice will take into account your savings objectives, i.e. how much money you want to invest, short or long term investments and how quickly you need access to your funds. "How much can you actually afford to lose?" Is the one question that you really need to ask yourself. This may well affect the products and services that you are offered, and is commonly called your capacity for loss.
You will have to tell your financial advisor about any current mortgage loans, regular outgoings, personal savings or investments. To ensure that you get the best advice for you, they need to gather a clear and full picture of your finances. Diversifying your savings and investments by spreading the risk across a number of different products, is a crucial part of reliable financial advice. So as to mirror your financial circumstances and goals, a professional financial advisor in Broadstairs will understand the best areas to consider.
Communicating in the clearest possible way, your financial advisor will unmask the complex world of finance and investment. After learning about the various services and products which meet your needs, you should be able to make an informed and intelligent decision. If you're environmentally minded, you can ask your advisor to stick to ethical savings and investments. This will allow you to support firms and organisations that address your concerns, i.e. zero carbon or green energy, or perhaps keeping away from investments that don't meet your criteria.
It isn't always easy to work closely with a financial advisor in Broadstairs without this impacting work and other responsibilities. This can be reduced by augmenting face-to-face meetings with telephone calls and video conferencing, therefore enabling you to seek the guidance you need at a convenient time. Any experienced financial advice provider in Broadstairs will have stringent measures in place to keep your details confidential and secure, even if you hardly ever have an in-person meeting with your personal advisor, because remote and home working is now so common.
Investments can go down as easily as they can go up, since the financial world can be a volatile one. If your investment is not making the amount of money you were hoping for, it can be extremely demoralising and stressful. A downward spiral in your investment is not a recognised basis for complaint, unless your advisor has supplied you with wrong or misleading information.
The firm's complaints procedure should be the starting point for any disputes, and the Key Facts Document will clarify this. If the matter is unsolved within the period set by the regulating authority, and your advisor is a member of the FCA, you can advise the Financial Ombudsman.
After looking into the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. If it's established that the complaint is justifiable, a decision is made on how the customer can be compensated or the situation rectified. The financial advisor and their firm must comply with any decision that is made, which becomes legally binding once the client has accepted it. Any upset, inconvenience, hassle and distress caused to the client during the dispute, will be considered when the Ombudsman establishes the level of compensation.
Financial advice can be provided in Broadstairs and also in: Cliftonville, Haine, Minster, Birchington, St Peters, Westgate-on-Sea, Northdown, St Lawrence, Woodchurch, Pegwell Bay, Ramsgate, Margate, Cliffs End, Monkton, Westwood, Manston, and in these postcodes CT10 1HL, CT10 1PX, CT10 1QE, CT10 1DY, CT10 1QD, CT10 1JF, CT10 1BT, CT10 1PB, CT10 1EP, CT10 1FE. Locally based Broadstairs financial advisors will likely have the dialling code 01843 and the postcode CT10.
Broadstairs Financial Advice Services
There is a range of services that are provided by your local Broadstairs financial advisor including financial analyst services, pension transfer advice, mutual funds in Broadstairs, divorce planning in Broadstairs, mortgage financial planning, stakeholder pensions, trusts, retirement advice Broadstairs, financial planning Broadstairs, corporate financial planning, investment planning, life assurance, equity release, pension drawdowns, pension plans, annuities, business planning, bridging finance, ISA's Broadstairs, independent financial advice, financial services, pension reviews, tax financial planning, corporate bonds, long term care fee planning Broadstairs, and lots more.
Financial Advisors Kent
Around Kent you'll also obtain: Vigo investment advice, Wingham financial advice, Chattenden financial advisors, Smarden investment advisors, Saltwood investment advisors, Nettlestead investment advice, Bapchild financial advice, Eythorne financial advisors, High Halden investment advice, Hinxhill financial advice, Worth investment advisors, Pluckley investment advice, Horsmonden financial advice, Shoreham investment advisors, Warden investment advice, St Margarets At Cliffe financial advice, Tunstall financial advice, Rainham financial advice, Headcorn investment advisors, Orlestone investment advisors, Cobham investment advice, St Mary in the Marsh financial advisors, Lydd financial advisors, Kemsing investment advisors, Farningham financial advice, Chestfield financial advisors, Shorne Ridgeway financial advisors, Elham investment advisors, Leigh financial advisors, Dartford investment advisors.
Financial Advisors Near Broadstairs
Also: Westwood financial advisors, Pegwell Bay financial advisors, Monkton financial advisors, Cliftonville financial advisors, Westgate-on-Sea financial advisors, Woodchurch financial advisors, Manston financial advisors, Birchington financial advisors, Margate financial advisors, Minster financial advisors, Ramsgate financial advisors, Northdown financial advisors, Haine financial advisors, St Lawrence financial advisors, Cliffs End financial advisors, St Peters and more.
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Financial Advisors Around Broadstairs: Households in Botany Road, Bridleway Gardens, Beech Drive, Seafield Road, Devonshire Terrace, Davids Close, The Banks, Astor Road, The Hawthorns, Dumpton Park Road, Sowell Street, Anson Close, Salisbury Avenue, Thanet Place Gardens, The Silvers, St Peters Park Road, The Paddocks, Dominic Court, St Christophers Green, Trinity Square, Thrupp Paddock, Stone Gardens, The Ridgeway, Stanley Place, The Pier Approach, Speke Road, Seaview Villas, Afghan Road, Buckingham Road, have needed financial advice just recently. Financial advisors have also been active in these Broadstairs area postcodes: CT10 1HL, CT10 1PX, CT10 1QE, CT10 1DY, CT10 1QD, CT10 1JF, CT10 1BT, CT10 1PB, CT10 1EP, CT10 1FE.
If you want local Broadstairs information take a look here
More Kent Financial Advisors: More Dartford, Swanley, Herne Bay, Chatham, Rochester, Tonbridge, Dover, Sevenoaks, Gillingham, Gravesend, Maidstone, Sittingbourne, Broadstairs, Faversham, Tunbridge Wells, Margate, Folkestone, Ramsgate, Northfleet, Ashford, Swanscombe, Deal, Whitstable and Canterbury.:
Broadstairs Financial Advisor Jobs: See financial advisor jobs near Broadstairs by going here: Financial Advisor Jobs Broadstairs
Independent financial advisor in CT10 area, and dialling code 01843.
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