Financial Advisor Burslem Staffordshire (ST5): Locating a reliable independent financial advisor in the Burslem area can be a challenging experience, in particular if you're needing financial advice for the very first time. Whether it's pension, investments, mortgage or even insurance guidance that you're looking for, there is one common rule for all financial advisors; they all have to follow FCA (Financial Conduct Authority) regulations. The advantage of this is that should a financial advisor who is FCA approved give you poor advice, and anything goes awry, you have guarantees, and can go to the Financial Services Compensation Scheme or the Financial Ombudsman to get things put right.
Friends and relatives recommendations can be a good starting place in selecting a financial advisor in Burslem, but bear in mind that their needs may be different to what you are looking for. Their advice needs to be personalised to your specific situation, and not every financial advisor is suitable for everyone. It is wise to speak with at least 3 different companies when you're selecting a financial advisor, as this is a major decision, and you need to find one that you can trust and feel comfortable with, and explore the options they offer.
Restricted advisors and independent financial advisors (IFA), are the 2 principal kinds of financial advisor in Burslem. An independent financial advisor should not be restricted to the services or products of just one provider. Independent financial advice must be given in an unbiased way and across the whole spectrum of financial products and companies. This will enable you to pick from the widest range of products to suit your needs. A restricted advisor might be concerned with an individual product, such as a mortgage advisor, or be limited to products and services from one particular provider.
The Financial Conduct Authority demands that any Burslem financial advisor must fully discuss their charges with you, before accepting you as a client. You may be charged a set fee, by the hour or possibly even a percentage of your investment, in accordance with kind of services you are interested in. You will sometimes be offered the chance of a free preliminary consultation to allow you to discuss your aims and determine whether the advisor is suitable for your circumstances. In some of the bigger Burslem companies, you may find that your account is being handled by a team as opposed to an individual advisor.
Before any financial advice is handed out you will need to fill in a confidential disclosure form, known as a "Fact Find" document, which informs the advising company about your aims and financial situation. A Key Facts Document, or Initial Disclosure Document will also be handed to you, to provide details about the financial advisors themselves, detailing the scope of their permissions in the financial arena and their status to offer restricted or independent advice. If you are not satisfied with the service, and wish to make a complaint, this document will also set down your own legal rights and the options you can take. It must be typed out in plain language and describe what you're committing yourself to, and any potential risks and benefits that exist if you choose to take the offered advice. You'll find the level of cooling-off period in the Key Facts Document. This permits you to have a change of heart within a certain time period, and cancel your contract with the financial advisor.
The very first time you are talking with the financial advisor you should check what experience and qualifications they have. You should never be self-conscious about asking these questions, after all you're on the verge of entrusting your financial wellbeing to their skill. All Burslem financial advisors must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. You should not freak out if your particular advisor's name doesn't appear on the Financial Services Register, so long as the company is listed on the register, their advisors are covered by the regulations. If they are unable to provide these accreditations, the individual cannot offer advice but only financial guidance. Guidance differs to advice as it isn't regulated, and if errors are made there will probably be no recourse to the client.
If you're looking for advice on investing money you'll be asked about the amount of risk you're willing and able to take on. Higher risk investments may potentially offer higher rewards, but some or all of your cash could be lost. Your savings objectives will have to be carefully considered if the best investment and financial advice is to be given, i.e. short or long term investments, how much you wish to invest and how rapidly 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. Commonly called your capacity for loss, this will quite likely affect the services and products that you're offered.
You should tell your financial advisor about any current savings accounts, regular payments, investments or mortgage loans. This will give a clear picture of your financial circumstances, and without this the advice you get may not be the most appropriate for you. Sound financial advice should allow for diversifying your investments and savings by spreading the risk load across different products. An experienced financial advisor in Burslem will understand the best areas to consider, which match your financial situation and your goals.
Your financial advisor will attempt to communicate in the clearest possible way, to unveil the complex world of finance. You should be able to make an informed decision after you have learned about the various services and products which meet your needs. If environmental issues are at the forefront of your mind, you could maybe ask that ethical investment and savings schemes take precedence. This doesn't just give you investment possibilities, but also allows you to lend your support to zero carbon or renewable energy projects, and keep clear of companies and businesses that don't share the same values.
It could prove challenging to manage your work life and other obligations around working closely with your financial advisor in Burslem. To enable you to get advice at a time to suit you, face-to-face appointments can be augmented with phone calls and video conferencing. An established financial advice firm in Burslem will have stringent measures in place to ensure your details are kept secure and confidential, even if you never have a one-to-one meeting with your advisor, because home and remote working is no longer unusual.
The value of your investments can go down as well as up, and this is a factor that you must keep in mind. It can be incredibly worrying and demoralising if your investment is not making as much money as you were hoping for. Your investment having a downward trend isn't a recognised grounds for complaint, unless your financial advisor has given you incorrect or misleading information.
The firm's complaints procedure should be the starting position for any disputes, and the Key Facts Document should clarify this. You can tell the Financial Ombudsman about the problem if it is unsolved within the time period set out by the regulating authority, and the advisor is a member of the FCA.
After independently reviewing the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. A decision will be made on how to financially compensate the customer, if the complaint is upheld. This will become legally binding once it has been accepted by the customer, and the financial advisor and their firm must comply with the ruling. Any compensation fixed by the Ombudsman will also take into consideration any distress, trouble, upset and inconvenience caused to the customer during the dispute.
Financial advice can be provided in Burslem and also nearby in: Middleport, Dimsdale, Tunstall, Talke Pits, Stanfield, Longport, Porthill, Smallthorne, Chesterton, Wolstanton, Hanley, Longbridge Hayes, Bradeley Village, Newcastle-under-Lyme, Bradwell, as well as in these postcodes ST6 4ES, ST6 4EX, ST6 2EQ, ST6 3EX, ST6 3BA, ST6 4EN, ST6 2AB, ST6 3EE, ST6 1JN, ST6 3ET. Local Burslem financial advisers will probably have the telephone dialling code 01782 and the postcode ST5. Simply click on the "enquiry" form or banner to get info on financial advisors in your area.
Skills Needed to be Financial Advisors
- To be good at selling products and services.
- To be thorough and pay attention to detail.
- To have a flexible approach to work.
- To have good IT skills.
- To have the ability to listen attentively
- Effective customer service skills for identifying client needs.
- To be able to network and build solid relationships with customers.
- Excellent management skills for the negotiation of product fees.
- Excellent verbal communication skills.
- An outstanding level of math knowledge for creating financial packages.
- A solid knowledge and understanding of economics and accounting associated with financial markets and products.
A Financial Advisor's Daily Tasks
- A financial advisor chats with clients regarding their finances and plans.
- A financial advisor recommends the best-suited financial products to clients.
- A financial advisor works together with associates to collect market information, trends and statistics.
- A financial advisor keeps fully abreast of regulation changes and new financial products.
- A financial advisor provides education, consultation and counselling regarding investments and finances.
- A financial advisor negotiates with financial product providers.
- A financial advisor meets targets for sales and performance.
- A financial advisor maintains detailed records of customers and transactions.
- A financial advisor produces detailed financial reports.
- A financial advisor continually updates clients about their investments.
Staffordshire Financial Advisors
In the Staffordshire area you'll also obtain: Featherstone investment advice, Branston investment advisors, Barlaston investment advice, Burslem investment advisors, Lower Penn financial advice, Perton investment advice, Horninglow financial advisors, Brewood financial advice, Checkley financial advice, Waterhouses financial advisors, Leigh financial advice, Tutbury financial advisors, Tunstall financial advisors, Penkridge investment advisors, Whittington investment advisors, Kings Bromley investment advice, Cheddleton investment advisors, Werrington investment advice, Uttoxeter investment advice, Winshill investment advice, Seisdon financial advice, Alsagers Bank investment advisors, Burton financial advice, Rolleston on Dove financial advisors, Anglesey investment advice, Armitage financial advisors, Keele financial advice, Anglesey financial advisors, Hopton financial advice, Pattingham financial advisors.
Burslem Financial Advice Services
There is a variety of services which can be provided by your local Burslem financial advisor including portfolio management, pension drawdowns in Burslem, investment advice, ethical investment advice Burslem, general financial planning, pension advice, financial analyst services, long term care fee advice, cash flow modelling, annuities, stakeholder pension advice, life insurances, pension consolidation advice, investment plans, pension reviews, ISA's, cheap financial advice, corporate bonds Burslem, financial planning, trustee investment services, financial advice services, tax planning in Burslem, corporate financial planning in Burslem, life assurance advice, mortgage advice in Burslem, and more.
Financial Advice Enquiries Staffordshire
Latest Staffordshire financial advice enquiries: Tom Gaynor from Stonnall, Staffordshire recently enquired about mortgage advice. Jayce Robin from Handsacre recently enquired about life assurance. Avery Radford from Acton Trussell recently asked for information on financial planning. Angelo and Ines Steward from Werrington, Staffordshire recently asked for information on family income benefit. Kayleigh and Spencer Southgate from Swynnerton recently enquired about getting financial advice. Meredith Baxter and Julius Baxter from Brown Edge, Staffordshire recently asked for information on offshore investments. Henry Mcintosh and Seren Mcintosh from Fradley, Staffordshire recently enquired about mortgage advice. Layla Jewell and Jason Jewell from Lower Penn, Staffordshire recently asked for information on family income benefit.
Financial Advisors Near Burslem
Also: Bradwell financial advisors, Stanfield financial advisors, Smallthorne financial advisors, Wolstanton financial advisors, Longport financial advisors, Bradeley Village financial advisors, Tunstall financial advisors, Dimsdale financial advisors, Chesterton financial advisors, Newcastle-under-Lyme financial advisors, Talke Pits financial advisors, Longbridge Hayes financial advisors, Middleport financial advisors, Hanley financial advisors, Porthill and more.
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Financial Advisors Around Burslem: Financial advisors were recently needed by folks living in Emerson Road, Bradwell Street, Port Street, Warburton Street, Moran Grove, Winifred Street, Chapel Lane, Hobson Street, Wulstan Road, Stanway Avenue, Bowlers Close, Fraser Street, Brown Street, Dairyfields Way, Milburn Road, Bettany Road, Rutland Street, Macintyre Street, Lower Hadderidge, Maddock Street, Hazelwood Close, Cleveland Street, Brick House Street, Bournes Bank South, Sneyd Street, Trafalgar Street, Ashburton Street, Chelwood Street and these Burslem postcodes: ST6 4ES, ST6 4EX, ST6 2EQ, ST6 3EX, ST6 3BA, ST6 4EN, ST6 2AB, ST6 3EE, ST6 1JN, ST6 3ET.
More Staffordshire Financial Advisors: More Burntwood, Burton-upon-Trent, Leek, Kidsgrove, Fenton, Burslem, Wombourne, Hednesford, Stoke-on-Trent, Stafford, Rugeley, Biddulph, Lichfield, Longton, Newcastle-under-Lyme, Tamworth, Uttoxeter, Hanley, Stone, Heath Hayes and Cannock.:
Financial Adviser Jobs Burslem: Browse financial advisor jobs near Burslem here: Financial Advisor Jobs Burslem
If you would like to get local info on Burslem, Staffordshire check here
Independent financial advisor in ST5 area, telephone code 01782.
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