Financial Advisor Burntwood Staffordshire (WS7): If you're seeking financial advice for the very first time, trying to find a good financial advisor advisor in the Burntwood area can be an intimidating experience. Nevertheless, all professional financial advisors are bound by one simple rule; they must all conform to the regulations of the Financial Conduct Authority, regardless of whether you are looking for pensions, mortgage, investments or even insurance guidance. This comes with certain guarantees, thus after taking advice from a FCA approved financial advisor in Burntwood, you can seek reparation from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if if things go wrong.
When choosing a financial advisor in Burntwood, a decent place to begin could be neighbours and friends, but you must keep in mind that your circumstances might not be in line with theirs, and you may be in need of a different sort of advice. Financial advice must be specifically tailored to your unique circumstances, and you will discover that some financial advisors may not be appropriate for your requirements. To investigate the various options that they're offering and find a financial advisor that you can trust and feel comfortable with, it is wise to talk with at least three different companies, because after all picking a financial advisor is a big decision.
When it comes to picking a financial advisor in Burntwood, there are 2 principal types; restricted advisors and independent financial advisors (IFA). The benefit of seeing an independent financial advisor is that they will not be limited to the services or products of just one company, and can offer a wide range of options. Independent financial advice should be offered in an impartial way and should cover the whole gamut of financial products and companies. Using an IFA should allow you to pick from the widest possible range of products. A restricted financial advisor might be focused on an individual product, as with a mortgage advisor, or be limited to products and services from a single firm.
The FCA requires that any financial advisor in Burntwood must fully discuss their charges with you, before accepting you as a client. Although it can vary dependant upon the kind of service or product you're looking for, there may be a set fee, an hourly rate, or you may even be charged a percentage of the money you are investing. To discuss your objectives and find out if the advisor is a right fit for you and your circumstances, you will sometimes be offered the possibility of a free preliminary consultation. Your account may be managed by a team rather than a single advisor, if you choose to go to one of the larger Burntwood firms.
Before any financial advice is given you will have to fill in a confidential disclosure form, called a "Fact Find" document, which informs the advising firm about your financial situation and goals. You'll also be given an Initial Disclosure Document, or Key Facts Document, which provides details of the financial advisor, their status to offer independent or restricted advice and their scope of permissions in the financial arena. This document should also lay down your rights and the possible options you can take if you are not happy with the service provided, and need to complain. It should detail what you're signing up for, and any possible benefits and risks if you choose to take the offered advice, and it should be set down in clear language. You can find the amount of cooling-off period in this document. Within a certain period of time, this enables you to cancel your contract with the financial advisor.
When talking to your financial advisor the very first time ensure that you check their experience and qualifications. After all you are on the verge of entrusting your financial wellbeing to their skill, so you shouldn't be embarrassed about asking these questions. Every financial advisor in Burntwood must present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. When checking the Financial Services Register, you should not panic if your specific advisor's name doesn't appear on there; you should be able to locate the company name, and this means that the legislation covers all of their personnel. If they are unable to provide these accreditations, the individual can't offer advice but is able to offer financial guidance. In financial terms guidance differs to advice and is not regulated in the same way. Therefore there's no recourse for either party if mistakes are made.
If it's investing money that you are interested in, the advisor will question you about the amount of risk you might be prepared to take with your hard-earned cash. Bigger rewards might be possible with higher risk investments, however you could also lose all or some of your money. Your savings goals will need to be taken into account if the best investment advice is to be given, i.e. how much money you want to invest, how quickly you need access to your money and short or long term investments. The one question that you should ask yourself, which is normally ignored, is how much money you can afford to lose. This is called your 'capacity for loss' and may well influence the products and services that are offered for your consideration.
You will need to tell your financial advisor about any existing regular payments, investments, mortgages or savings accounts. This gives a full and clear picture of your financial situation, and without this the advice you are given may not be the most suitable for you. Diversifying your investments and savings by spreading the risk across a range of different products, is an important part of reliable financial advice. In order to mirror your goals and financial circumstances, a seasoned financial advisor in Burntwood will have the knowledge of the best areas to consider.
Communicating in in the simplest terms possible, your financial advisor will unveil the multifaceted world of finance and investment. This will help you to compare services and products that meet your needs, and come to an informed decision. If environmental issues are at the forefront of your mind, you could maybe ask that ethical savings and investments take top priority. This not only provides you with investment possibilities, but also allows you to support renewable energy or zero carbon projects, and steer clear of companies and businesses that don't share the same values as you do.
Working alongside a financial advisor in Burntwood can be tricky to fit in around work and other responsibilities. This can be alleviated by augmenting face-to-face appointments with telephone and video conferencing, therefore enabling you to get the guidance you need at convenient times. Remote and home working is now a large part of our society, and any professional financial advice company in Burntwood will have stringent measures in force to ensure your details are kept confidential and secure, even if you never have a one-to-one meeting with your personal advisor.
Investment values can go down as well as up, and this is a factor that you have to bear in mind. It can be extremely stressful and demoralising if your investment is not making the amount of money you hoped for. Your investment having a downward trend isn't a recognised grounds for complaint, unless your financial advisor has supplied you with misleading or wrong information.
The company's complaints procedure should be the kick off point for any disputes, and the Key Facts Document will discuss this. If the problem is unsolved within the time set out by the regulating body, and the financial advisor is registered with the FCA, you can contact the Financial Ombudsman.
The Financial Ombudsman will come to a decision after independently reviewing the cause of the complaint. If it is found that the complaint is justified, a decision will be made on how the customer can be compensated or the situation rectified. Once agreed on by the client, the decision will become legally binding, and the financial advisor and their company must comply with it. Any trouble, upset, distress and inconvenience caused to the client during the dispute, will be accounted for when the Ombudsman establishes the level of compensation.
Financial advice can be provided in Burntwood and also in nearby places like: Little Norton, Burntwood Green, Lichfield, Wimblebury, Pipehill, Hednesford, Brownhills, Norton Canes, Clayhanger, Hammerwich, Chasetown, Chase Terrace, Heath Hayes, Longdon, Cannock, Woodhouses, together with these postcodes WS7 1FF, WS7 1AW, WS7 0HP, WS7 1NF, WS7 0EX, WS7 1LS, WS7 0HE, WS7 0AT, WS11 9RS, WS7 0AF. Local Burntwood financial advisors will probably have the postcode WS7 and the telephone code 01543. Click the "enquiry" banner to get details about financial advisors in your area.
Burntwood Financial Advice Services
There is a wide range of services that can be provided by your local Burntwood financial advisor including pension advice, annuities, personal financial planning, investment advice Burntwood, life insurance advice in Burntwood, independent financial advice in Burntwood, life assurance Burntwood, portfolio management Burntwood, family income benefit Burntwood, trustee investment services Burntwood, pension transfers Burntwood, trusts, pension planning in Burntwood, general financial planning, wealth management & investments in Burntwood, pension consolidation, financial analyst services in Burntwood, cashflow analysis Burntwood, business planning, mortgage advice, pension drawdowns, ethical investments, investment bonds, annuity purchases, financial planning, and lots more.
A Financial Advisor's Daily Duties
- Recommending the financial products that are best-suited to customers.
- Meeting performance and sales targets.
- Maintaining a record of transactions and clients.
- Working together with peers to gather trends, statistics and market information.
- Collaborating with providers of financial products.
- Updating customers regarding their investments.
- Chatting with customers about their finances and plans.
- Keeping up to date with new products and law changes.
- Producing financial reports.
- Providing counselling, education and consultation with regards to investments and finances.
Financial Advisors Near Burntwood
Also: Burntwood Green financial advisors, Brownhills financial advisors, Chase Terrace financial advisors, Pipehill financial advisors, Clayhanger financial advisors, Lichfield financial advisors, Chasetown financial advisors, Hednesford financial advisors, Norton Canes financial advisors, Woodhouses financial advisors, Cannock financial advisors, Little Norton financial advisors, Hammerwich financial advisors, Wimblebury financial advisors, Longdon financial advisors, Heath Hayes and more.
- Burntwood Mortgage Advice
- Burntwood Independent Financial Advice
- Burntwood Financial Services
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- Burntwood Financial Advice Quotes
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- Burntwood Cheap Financial Advice
- Burntwood Trustee Investments
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- Burntwood Wealth Management
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Financial Advisors Around Burntwood: Some Burntwood areas and roads where financial advice has recently been given - St Matthews Road, Brooklyn Road, Squirrels Hollow, Shakespeare Road, Blandford Gardens, The Crescent, Cottage Lane, St Stephens Road, Church Street, Cross Street, School Close, Common View, Spinney Close, Squires Gate, Travellers Close, Darwin Close, Springhill Road, Avon Road, Sandown Close, Smiths Close, Church Lane, Aspen Grove, Birch Avenue, Brackenhill Road, Telford Close, Cannock Road, Tean Close, as well as the following local Burntwood postcodes: WS7 1FF, WS7 1AW, WS7 0HP, WS7 1NF, WS7 0EX, WS7 1LS, WS7 0HE, WS7 0AT, WS11 9RS, WS7 0AF.
More Staffordshire Financial Advisors: More Burntwood, Hednesford, Heath Hayes, Burton-upon-Trent, Tamworth, Wombourne, Longton, Cannock, Fenton, Newcastle-under-Lyme, Rugeley, Leek, Lichfield, Uttoxeter, Burslem, Hanley, Stone, Kidsgrove, Stoke-on-Trent, Stafford and Biddulph.:
Burntwood Financial Advisor Jobs: Find financial adviser jobs in Burntwood here: Burntwood Financial Advisor Jobs
If you would like to get local information on Burntwood, Staffordshire take a look here
Independent financial advisor in WS7 area, (dialling code 01543).
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