Financial Advisor Burgess Hill West Sussex (RH15): It can be a daunting experience trying to locate a decent independent financial advisor in the Burgess Hill area, in particular if it's the very first time that you're seeking financial advice. However, all professional financial advisors have one thing in common; they must all stick to the regulations of the Financial Conduct Authority (FCA), whether you are looking for investment, pension, mortgage or even insurance guidance. The benefit of this is that if a financial advisor who is FCA approved gives you bad advice, and things go wrong, you have guarantees, and can contact the Financial Ombudsman or the Financial Services Compensation Scheme to get it put right.
A decent starting point when picking a financial advisor in Burgess Hill may be friends and relations, but remember that the type of advice you are looking for might be different to theirs. Any advice they provide needs to be adapted to your particular circumstances, and every financial advisor isn't suitable for everybody. Choosing a financial advisor is an important decision and it is a good idea to talk to at least three different companies in order to check out the various options they can offer, and to find one you feel comfortable with and can trust.
When it comes to picking a financial advisor in Burgess Hill, there are two main types; independent financial advisors (IFA) and restricted advisors. The advantage of using an IFA is that they won't be limited to just one company's services and products, and can offer a more diverse range of options. Independent financial advice should be given in an impartial and unbiased way and across the entire spectrum of financial companies and products. Consulting an independent financial advisor should permit you to choose from the widest possible range of products. If you use a restricted advisor you'll discover that they could be limited to services and products of a single provider, or as in the case of a mortgage advisor, might only be concerned with one product.
Before any financial advisor accepts you as a client, they're required by the Financial Conduct Authority to be transparent about their charges. You may be charged a set fee, by the hour or perhaps even a percentage of your investment value, subject to services you are interested in. A free preliminary consultation could be offered, so that you can discuss your goals and situation to determine whether the advisor is the right choice. In some of the larger Burgess Hill firms, you may find that your account is handled by a team as opposed to an individual.
To outline your desired goals and financial situation to the advising company, you'll need to fill out a "Fact Find" form, which is a confidential disclosure document. An Initial Disclosure Document, or Key Facts Document will also be given to you, to provide details of the financial advisors themselves, detailing their range of permissions in the financial sector and their situation for offering independent or restricted advice. Your legal rights will also be set out in this document, along with the possible options you can take if you need to complain because you're not happy with the service provided. It has to be easy to understand, written in plain English, and describe precisely what you're signing up for, together with the benefits and risks of accepting the proffered advice. The cooling-off period should also be spelled out in this Key Facts Document. This makes it possible for you to cancel the agreement with your financial advisor within a certain number of days, and if any penalty charges have to be paid.
When chatting with your financial advisor the very first time ensure that you check their qualifications and experience. Asking these questions should not cause you any embarrassment, because you are entrusting them with your long-term financial wellbeing. A Level 4 qualification is the minimum qualification for any financial advisor in Burgess Hill, and they also have to be able to present you with an annual Statement of Professional Standing. If your advisor's name doesn't show up on the Financial Services Register, don't freak out, the firm the advisor works for will almost certainly be on the register and their employees will be covered by the regulations. If these cannot be presented the person may still offer financial guidance rather than financial advice. Guidance is not regulated in the way that financial advice is, meaning that if mistakes occur neither party will have any recourse.
You'll be asked about the level of risk you are ready to take, if you are seeking advice on investments. Higher risk investments could offer substantial rewards, however some or all of your funds could be lost. Your savings aims should be taken into account if good investment advice is to be given, i.e. how much cash you want to invest, short or long term investments and how rapidly you need access to your money. You must invariably ask yourself the one vital question, how much money can you actually afford to lose. Generally known as your 'capacity for loss', this will most likely influence the products and services that you are offered.
You need to tell your financial advisor about any current personal savings, mortgages, investments or regular outgoing payments. To ensure that you receive the most appropriate advice for you, they need to gather a full and clear picture of your finances. Diversifying your savings and investments by spreading the risk load across different products, is a crucial part of reliable financial advice. An experienced financial advisor in Burgess Hill will be aware of the best areas to consider, which mirror your financial situation and your goals.
A financial advisor will reveal the multifaceted world of finance, and try to speak in as much plain speech as possible. You should be able to come to an informed and educated decision after you have compared the various services and products which match your needs. If the environment is important to you, you could even ask that ethical savings and investments take top priority. You can then keep clear of businesses that firms meet your standards, but instead lend your support to those organisations and companies that match your concerns, for instance green energy or zero carbon.
Establishing a close working relationship with a financial advisor in Burgess Hill could cause issues with your work day and other obligations. To enable you to get advice at times that suit you, face-to-face appointments can be augmented with telephone and video conferencing. Even if you never have a one-on-one meeting with your personal advisor, a professional financial advice company in Burgess Hill will have stringent measures in place to keep your details confidential and secure, because home and remote working is now so common.
Investments can easily go down as well as up, as the financial sector can be volatile. It can be very disheartening and worrying if your investment fails to make the amount of money you hoped for. Regrettably, a downward spiral in your investment is not a recognised grounds for complaint, except if it is due to misleading or wrong information from your advisor.
Any grievances should begin with the firm's official complaints procedure as indicated in the Key Facts Document. If the matter remains unresolved within the time-frame set by the regulating body, and your financial advisor is a member of the Financial Conduct Authority, you can inform the Financial Ombudsman.
After independently reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If it's established that the complaint is legitimate, a decision is made on how the client can be financially compensated. Once the decision is accepted by the client it becomes a legally binding decision that the financial advisor and their company, must comply with. Any inconvenience, upset, trouble and distress caused to the client during the situation, will be considered when the Ombudsman fixes the level of compensation.
Financial advice can be provided in Burgess Hill and also in: Hassocks, Wivelsfield Green, Hurst Wickham, Albourne, Goddards Green, Wivelsfield, Ditchling Common, Hurstpierpoint, Chailey, Scaynes Hill, Haywards Heath, Sayers Common, Plumpton Green, together with these postcodes RH15 0JP, RH15 0LB, RH15 0DP, RH15 0BQ, RH15 0HR, RH15 0EP, RH15 0LP, RH15 0NN, RH15 0HB, RH15 0HY. Locally based Burgess Hill financial advisors will probably have the postcode RH15 and the phone code 01444. Click the "enquiry" banner or form to get info on financial advisors in your area.
Required Skills for Financial Advisors
- To be able to network and build solid relationships with customers.
- Excellent skills in verbal communication.
- A competent level of math knowledge for producing financial strategies.
- To have the ability to listen attentively
- Good business management skills for negotiating product fees.
- Effective customer service skills for identifying customer needs.
- To pay attention to detail and be thorough.
- A good knowledge and understanding of economics and accounting associated with financial products and markets.
- To have good IT skills.
- To have excellent time management skills.
- The ability to promote financial services and products.
Financial Advice Enquiries West Sussex
Recently posted West Sussex financial advice enquiries: Mr and Mrs Lakey from Cowfold recently asked for information on offshore investments. Mr and Mrs Metcalfe from Bolney, West Sussex recently enquired about investment advice. Dorothy Rigby from Birdham, West Sussex recently enquired about life assurance. Louis Childs and Daniela Childs from West Thorney, West Sussex recently enquired about financial planning. Amina and Woody Head from Bolney, West Sussex recently enquired about pension advice. Poppy-Mae Casey and Zachary Casey from Donnington, West Sussex recently asked for information on mortgages. Reeva Garcia from Aldwick recently asked for information on family income benefit. Mr and Mrs Main from Midhurst, West Sussex recently asked for information on pensions.
Burgess Hill Financial Advice Services
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Financial Advisors Near Burgess Hill
Also: Hassocks financial advisors, Wivelsfield Green financial advisors, Albourne financial advisors, Ditchling Common financial advisors, Sayers Common financial advisors, Haywards Heath financial advisors, Chailey financial advisors, Goddards Green financial advisors, Scaynes Hill financial advisors, Plumpton Green financial advisors, Wivelsfield financial advisors, Hurst Wickham financial advisors, Hurstpierpoint and more.
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Financial Advisors Around Burgess Hill: Households in Chanctonbury Road, Turkey Lane, Stonefield Way, Farnlea, Cants Lane, Knowles Walk, Marchants Way, Cherry Close, The Pound, Woodland Avenue, Maple Drive, Shotters, Beale Street, Copper Close, Malthouse Lane, St Peters Road, Gander Close, Rastrick Close, Victoria Way, Oakwood Close, Barley Drive, Baylis Crescent, The Gattons, Orchard Road, Victoria Close, Priory Road, Church Road, Albion Court, Wren Close, have needed financial advice recently. Financial advisors have also been active in these local Burgess Hill postcodes: RH15 0JP, RH15 0LB, RH15 0DP, RH15 0BQ, RH15 0HR, RH15 0EP, RH15 0LP, RH15 0NN, RH15 0HB, RH15 0HY.
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Independent financial advisor in RH15 area, phone code 01444.
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