Financial Advisor Bury St Edmunds

Bury St Edmunds Independent Financial Advice & Investment

Financial Advisor Bury St Edmunds Suffolk (IP28): It can be an intimidating experience trying to find a decent independent financial advisor in Bury St Edmunds, especially if it is the first time that you're needing financial advice. Whether you're looking for pension, mortgage, investments or even insurance advice, all qualified financial advisors have one thing in common; they all have to adhere to the regulations laid down by the Financial Conduct Authority (FCA). Any advice given through a FCA authorised financial advisor in Bury St Edmunds comes with guarantees that if anything should go wrong, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman.

Free Bury St Edmunds Financial Advisor Quotes

A good starting point when choosing a financial advisor in Bury St Edmunds can be friends and family, but keep in mind that the kind of advice you are looking for may be significantly different to theirs. Financial advice should be individually tailored to your particular circumstances, and you'll find that some financial advisors may not be appropriate for you. To investigate the various options they're offering and find a financial advisor that you can trust and feel at ease with, it pays to speak to at least three different firms, because picking a financial advisor is a big decision.

Financial Advisor Bury St Edmunds Suffolk (IP28)

Independent financial advisors and restricted advisors, are the two main types of financial advisor in Bury St Edmunds. The benefit of seeing an independent financial advisor is that they will not be restricted to just one provider's products and services, and can offer a wider range of options. Covering the whole spectrum of financial companies and products, independent financial advice must be given in an unbiased and impartial way to clients. Using an independent financial advisor should permit you to choose between the widest possible array of services. A restricted advisor might be tied to products and services from one particular company, or might even concentrate on a specific product, as may be the case with a mortgage advisor.

The FCA requires that any financial advisor in Bury St Edmunds must fully discuss their charges with you, before taking you on as a client. Although it varies subject to the type of product or service you're looking for, there may be an hourly rate, a set fee, or you may even be charged a percentage of the money you're investing. You may be offered the possibility of a free initial consultation to allow you to discuss your objectives and find out if the advisor is a good fit for your situation. In some larger Bury St Edmunds firms, you might find that your account is handled by a team rather than an individual advisor.

Financial Advisors Bury St Edmunds UK (01284)

You will be asked to fill in a "Fact Find" document, which is a confidential disclosure form relating your financial situation and goals to the advising company. An Initial Disclosure Document, or Key Facts Document will also be given to you, providing information regarding the financial advisors themselves, detailing their scope of permissions in the financial arena and their status to offer independent or restricted advice. If you aren't happy with the service provided, and wish to complain, this document will also lay down your own legal rights and the possible options you can take. It has to be easily understood, written in layman's terms, and explain exactly what you're signing up for, along with the benefits and risks of taking the proffered advice. This document should also tell you about the allowed cooling-off period. This allows you to cancel the agreement within a certain time period, and whenever any penalty charges are incurred.

When talking to the financial advisor for the first time ensure that you check their qualifications and experience. You should not be self-conscious about asking such questions, after all you're about to entrust your financial wellbeing to their skill. A Level 4 qualification is the minimum certification for any financial advisor in Bury St Edmunds, and they must also be in a position to present you with an annual Statement of Professional Standing. You don't need to stress if your particular financial advisor's name doesn't show up on the Financial Services Register, as long as the company is on the register, their staff are covered by the regulations. The person may still offer financial guidance as opposed to advice, if these cannot be provided. Guidance is different to advice as it isn't regulated, and if financial blunders are made there will probably be no recourse to the client.

Financial Advisor Quotes in Bury St Edmunds Suffolk

You'll be asked about the level of risk you're ready and able to accept, if you are seeking advice on investments. Higher rewards may be possible with higher risk investments, however you stand a greater chance of losing some or all of your capital. The best financial and investment advice should take you savings objectives into consideration, i.e. how much you wish to invest, long or short term investments and how rapidly you need access to your funds. One question you should ask of yourself, which is normally overlooked, is how much you can afford to lose. This might influence the products and services that you are offered, and is known as your 'capacity for loss'.

Financial Advice Near Bury St Edmunds Suffolk

Right from the start, it's vital that you let your financial advisor know about any existing regular payments, savings, investments or mortgage loans that you have. They'll need this information, so they can get a picture of your financial circumstances and give the appropriate advice for your needs. Diversifying your savings and investments by spreading the risk load across a range of different products, is an important part of reliable financial advice. With an understanding of the best areas to consider, an experienced financial advisor will favour products that most closely fit in with your goals and financial circumstances.

Communicating in the plainest speech possible, your financial advisor will lay bare the multifaceted world of investment and finance. After learning about the various services and products that meet your needs, you should be able to make an informed and knowledgeable decision. If environmental issues are at the forefront of your mind, you could even ask that ethical savings and investment schemes take top priority. This will allow you to support enterprises and firms which match your concerns, e.g. renewable energy or zero carbon, or perhaps staying away from businesses that don't meet your standards.

It can prove hard to manage work and other commitments around a close working relationship with a financial advisor in Bury St Edmunds. One-on-one appointments can be backed up with video conferencing and telephone to enable you to seek advice at times that suit you. Remote and home working is now so common, and an established financial advice company in Bury St Edmunds will have strict measures in place to keep your details confidential and secure, even if you rarely have an in-person meeting with your advisor.


The value of your investments could go down as well as up, and this is a factor that you need to keep in mind. It can be extremely stressful and disheartening if your investment isn't making the amount of money you were hoping for. However, except if it is owing to incorrect or misleading information from your financial advisor, a downward spiraling of your investment isn't seen as a grounds for complaint.

Independent Financial Advisor Near Bury St Edmunds (IP28)

Any grievances should begin with the firm's complaints procedure as outlined in the Key Facts Document. If the issue is unresolved within the timeframe set out by the regulating body, and the financial advisor is a member of the FCA, you can notify the Financial Ombudsman.

The Financial Ombudsman will independently review the cause for complaint and come to a decision. A decision is made on how to rectify or financially compensate the customer, if the complaint is justified. This will become a legally binding decision as soon as it has been agreed on by the client, and the financial advisor and their firm must comply with the decision. Any compensation laid down by the Ombudsman will also take into consideration any annoyance, distress, inconvenience and hassle caused to the customer during the dispute.

Book a Financial Advisor in Bury St Edmunds UK

Financial advice can be provided in Bury St Edmunds and also in: Little Welnetham, Culford, Great Barton, Little Saxham, Nowton, Sicklesmere, Horringer, Thurston, Blackthorpe, Battlies Green, Great Whelnetham, Rushbrooke, Fornham Saint Martin, Cattishall, together with these postcodes IP29 5LT, IP31 3WD, IP31 3WQ, IP32 7EB, IP30 0QT, IP32 7AR, IP31 2LU, IP32 6PY, IP32 7ED, IP32 6WA. Local Bury St Edmunds financial advisors will probably have the postcode IP28 and the phone code 01284. Click the "enquiry" banner or form to get specifics of financial advisors in your area.

Necessary Skills for a Financial Advisor

  • Excellent verbal communication skills.
  • To be good at promoting financial products and services.
  • To have good time management skills.
  • To have the ability to network and build solid relationships with customers.
  • Effective management skills for the negotiation of product fees.
  • To be thorough and pay attention to detail.
  • Effective skills in customer service for identifying customer requirements.
  • To have the ability to listen attentively
  • An outstanding knowledge and understanding of economics and accounting associated with financial products and markets.
  • An excellent level of math knowledge for producing financial strategies.
  • To have the ability to use a computer and the appropriate software packages.

Bury St Edmunds Financial Advice Services

Financial Advice Tasks Bury St Edmunds

There is a wide range of services that can be provided by your local Bury St Edmunds financial advisor including corporate bonds in Bury St Edmunds, financial planning Bury St Edmunds, stakeholder pension advice Bury St Edmunds, tax financial planning Bury St Edmunds, life insurances, trustee investment services in Bury St Edmunds, annuities in Bury St Edmunds, inheritance tax planning Bury St Edmunds, investment advice, ethical investment advice, pension reviews, investment bonds in Bury St Edmunds, annuity purchase Bury St Edmunds, cashflow analysis in Bury St Edmunds, financial services, divorce financial planning, independent financial advice, mutual funds, pension consolidation advice, equity release advice, portfolio management, trusts, life assurance, ISA's, financial analyst services in Bury St Edmunds, and lots more.

Everyday Tasks for a Financial Advisor

  • Working in conjuction with peers to gather trends, market information and statistics.
  • Maintaining a record of potential transactions and clients.
  • Talking with clients about their plans and finances.
  • Collaborating with financial product providers.
  • Researching financial products and explaining them clearly and simply to customers.
  • Producing financial reports.
  • Keeping up to date with new financial products and legislation changes.
  • Continually updating clients regarding their investments.
  • Providing consultation, counselling and education regarding investments and finances.
  • Meeting targets for sales and performance.

Financial Advisors Near Bury St Edmunds

Also find: Little Welnetham financial advisors, Horringer financial advisors, Fornham Saint Martin financial advisors, Battlies Green financial advisors, Sicklesmere financial advisors, Culford financial advisors, Rushbrooke financial advisors, Blackthorpe financial advisors, Nowton financial advisors, Little Saxham financial advisors, Great Whelnetham financial advisors, Thurston financial advisors, Cattishall financial advisors, Great Barton financial advisors and more.

Bury St Edmunds Financial Advice Services

Find a Financial Advisor in Bury St Edmunds Here
Financial Advice Enquiries in Bury St Edmunds Suffolk (01284)
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Financial Advisors Around Bury St Edmunds: Financial advisors were recently requested by people living in Skeltons Drove, Broom Pin, Suffolk Road, Sheerwater Close, St Stephens Close, Broadmere Cottages, Council Bungalows, Bell Corner, Bullens Close, Chestnut Close, St Edmunds Square, Copse Close, Bedford Road, The Limes, Cooks Road, School Close, Blind Lane, Capel Walk, Blackthorn Walk, St Annes Drive, Church Path, The Glebe, Conyers Green, Derwent Road, Salmon Walk, Brayfield Close, Salisbury Green, Clover Way and these Bury St Edmunds postcodes: IP29 5LT, IP31 3WD, IP31 3WQ, IP32 7EB, IP30 0QT, IP32 7AR, IP31 2LU, IP32 6PY, IP32 7ED, IP32 6WA.

If you need local info on Bury St Edmunds, Suffolk go here

Independent financial advisor in IP28 area, telephone code 01284.

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