Financial Advisor Bromley

Bromley Independent Financial Advice & Investment

Financial Advisor Bromley Greater London (BR1): Locating a decent independent financial advisor in Bromley can be an intimidating experience, especially if you're needing financial advice for the very first time. Whether it's pensions, investment, mortgage or even insurance guidance that you're looking for, there is one common rule for all professional financial advisors; they all have to adhere to Financial Conduct Authority (FCA) regulations. The advantage of this is that should a financial advisor who is FCA approved give you poor quality advice, and anything goes wrong, you've got guarantees, and can contact the Financial Ombudsman or the Financial Services Compensation Scheme to have it put right.

Free Bromley Financial Advisor Quotes

A decent starting point in choosing a financial advisor in Bromley may be family and friends, but keep in mind that the sort of advice you are searching for may be somewhat different to theirs. Their advice needs to be tailored to your unique situation, and every financial advisor is not suitable for everyone. It is wise to talk with at least 3 different firms when you are considering a financial advisor, because this is a big decision, and you'll be looking to find one that you can trust and feel at ease with, and also investigate the various options they offer.

Financial Advisor Bromley Greater London (BR1)

When it comes to picking a financial advisor in Bromley, there are basically two main types; independent financial advisors and restricted advisors. The benefit of using an independent financial advisor is that they won't be confined to the services and products of just one provider, and can offer a wide range of options. Independent financial advice should be provided in an unbiased way and should cover the full spectrum of financial companies and products. Using an IFA should allow you to choose between the widest possible range of products. If you go to a restricted advisor you'll discover that they might be limited to products and services of one particular company, or as in the case of a mortgage advisor, will only be involved with one product.

Before any financial advisor in Bromley accepts you as a client, they're required by the FCA to discuss their charges with you. Subject to the kind of services you're looking for, you could be charged a set fee, by the hour or maybe even a slice of your investment. To allow you to discuss your goals and see if the advisor is a good fit for you and your situation, a free initial consultation might be offered. Your account may be managed by a team as opposed to a single advisor, if you opt to use one of the bigger firms in Bromley.

Financial Advisors Bromley UK (020)

You will be required to fill in a "Fact Find" form, which is a confidential disclosure document relating your financial situation and objectives to the advising company. To provide information on the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial arena, you will also be handed a Key Facts or Initial Disclosure Document. This document should also lay down your own rights and your options if you're not happy with the service, and wish to make a complaint. It must be easy to understand, written in plain English, and explain exactly what you are signing up for, along with the risks and benefits of going along with the advice. The level of cooling-off period should also be explained in this Key Facts Document. This makes it possible for you to change your mind within a specific time period, and cancel the agreement with your financial advisor.

Make sure you check the experience and qualifications of your financial advisor the first time you talk to them. After all you're about to entrust your financial wellbeing to their skill, so you shouldn't be embarrassed about asking such questions. All Bromley financial advisors must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. When you check the Financial Services Register, you don't need to freak out if your advisor's name does not appear on there; you will probably locate the firm name, and that means the regulations covers all of their staff. The individual can still offer financial guidance rather than advice, if these can't be presented. In financial terms guidance differs to advice and is not regulated in the same way. Therefore there's no recourse for the client if mistakes are made.

Financial Advisor Quotes in Bromley Greater London

If you're needing advice on investing money you will be asked the amount of risk you are comfortable with. High risk investments could offer substantial rewards, but all or some of your capital could be lost. In order to get the most effective financial and investment advice, your savings aims will need to be carefully considered, i.e. how quickly you need access to your money, short or long term investments and how much you wish to invest. You must invariably ask yourself the one vital question, how much can you afford to lose. This might affect the services and products that could be offered for your consideration, and is generally known as your 'capacity for loss'.

Financial Advice Near Bromley Greater London

You must tell your financial advisor about your current mortgages, investments, savings accounts or regular outgoings. They will need these details, so that they can get a clear picture of your finances and give the appropriate advice for you. Diversifying your savings and investments by spreading the risk across a range of different products, is an essential part of good quality financial advice. Having an understanding of the best areas to consider, an experienced financial advisor will favour products that most closely match your financial situation and goals.

Communicating in the clearest possible way, your financial advisor will throw open the multifaceted world of finance and investment. After comparing the various services and products which match your needs, you should be in a position to make an informed and educated decision. If the environment is important to you, you could even ask that ethical savings and investment schemes take precedence. This does not just give you investment opportunities, but also enables you to lend your support to zero carbon or green energy projects, and keep clear of companies that don't share the same values that you do.

It could prove challenging to manage your work day and other commitments around a close working relationship with your financial advisor in Bromley. One-on-one meetings can be augmented with video conferencing and telephone to enable you to seek advice at a time to suit you. Working from home and remote working is now commonplace, and an established financial advice company in Bromley will have strict measures in place to ensure your details are kept confidential and secure, even if you rarely have an in-person meeting with your advisor.


Investments can be an unpredictable area, and values could fall as well as rise. It can be quite worrying and disheartening if your investment fails to make as much money as you were hoping for. However, except if it is due to incorrect or misleading information from your advisor a downward spiral in your investment isn't seen as a basis for complaint.

Independent Financial Advisor Near Bromley (BR1)

Any grievances should commence with the company's official complaints procedure as described in the Key Facts Document. If the issue is unsolved within the time-frame laid down by the regulating body, and your advisor is registered with the Financial Conduct Authority, you can notify the Financial Ombudsman.

The Financial Ombudsman will independently review the cause of the complaint and make a ruling. If it's found that the complaint is justified, a decision is made on how the customer can be compensated. Once agreed on by the client, the decision becomes a legally binding one, and the financial advisor and their firm must abide by it. The Ombudsman will also consider any annoyance, inconvenience, distress and hassle caused to the client during the process, and set the level of compensation accordingly.

Book a Financial Advisor in Bromley UK

Financial advice can be provided in Bromley and also in nearby places like: Crofton Park, Hayes, West Wickham, Chislehurst, Lee, Petts Wood, Bickley, Orpington, New Bekenham, Shortlands, Beckenham, Elmers End, Spring Park, Downham, Sundridge, Keston, and in these postcodes BR1 2AP, BR1 1HS, BR1 1DJ, BR1 1EY, BR1 1LX, BR1 1RE, BR1 1DF, BR1 1DG, BR1 1EA, BR1 1JA. Local Bromley financial advisors will probably have the phone code 020 and the postcode BR1. Checking this should make certain that you're accessing locally based financial advisers. Bromley home and business owners are able to utilise these and numerous other related services.

A Financial Advisor's Everyday Tasks

  • Working with colleagues to collect trends, market information and statistics.
  • Updating clients about their investments.
  • Producing in-depth financial reports.
  • Speaking to clients regarding their finances and plans.
  • Meeting performance and sales targets.
  • Collaborating with financial product providers.
  • Providing education, consultation and counselling with regards to investments and finances.
  • Researching financial products and explaining them clearly and simply to clients.
  • Maintaining detailed records of potential customers and transactions.
  • Keeping up to date with regulation changes and new products.

Bromley Financial Advice Services

Financial Advice Tasks Bromley

There are a wide array of services that are provided by your local Bromley financial advisor including pension reviews Bromley, mutual funds, ISA's, pension drawdowns, stakeholder pensions in Bromley, tax financial planning in Bromley, investment consolidation advice, familt controlled trusts, personal financial planning in Bromley, saving for children, general financial planning, offshore investments in Bromley, annuity purchases, equity release advice in Bromley, pension plans, money planning, retirement advice Bromley, investment planning, income protection advice, business planning in Bromley, cheap financial advice, cashflow analysis, bereavement benefit advice, financial planning, trusts Bromley, financial services, wealth management, life assurance advice, corporate bonds in Bromley, pension advice, and lots more. Listed are just an example of the tasks that can be handled by a financial advisor. Bromley professionals will be happy to tell you about their full range of financial services.


Financial Advisors Near Bromley

Also find: Chislehurst financial advisors, New Bekenham financial advisors, Elmers End financial advisors, Elmstead financial advisors, Bickley financial advisors, Shortlands financial advisors, Sundridge financial advisors, Lee financial advisors, Keston financial advisors, Spring Park financial advisors, Chinbrook financial advisors, Downham financial advisors, St Paul's Cray financial advisors and more. Financial advisors are available for consultations in most of these areas. Homeowners in the area can make enquiries about financial advice by going here.

Bromley Financial Advice Services

Find a Financial Advisor in Bromley Here
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For the best local Bromley information check here

Independent financial advisor in BR1 area, phone code 020.

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(This financial advisor Bromley page was checked and updated on 20-02-2024)