Financial Advisor Bury Greater Manchester (BL9): Finding a good independent financial advisor in Bury can be a challenging experience, especially if you are needing financial advice for the first time. However, all qualified financial advisors have one thing in common; they must all adhere to the regulations laid down by the FCA (Financial Conduct Authority), whether you're searching for mortgage, pensions, investment or even insurance advice. The good thing about this is that if a financial advisor who is FCA authorised gives you poor quality advice, and things go wrong, you have guarantees, and can go to the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to get things put right.
When selecting a financial advisor in Bury, a good place to start could be family 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 type of advice. Every financial advisor isn't suitable for everyone, and any advice they provide needs to be adapted to your particular situation. To explore the various options that they can provide and find a financial advisor that you feel comfortable with and can trust, it is wise to chat to at least 3 different companies, because choosing a financial advisor is a major decision.
There are 2 principal kinds of financial advisor in Bury; restricted advisors and independent financial advisors (IFA). Offering a wider range of options, an independent financial advisor will not be restricted to the products or services of a single company. Independent financial advice should be offered in an honest and unbiased way and should cover the full gamut of financial products and companies. This will permit you to select from the widest range of products to match your needs. A restricted advisor may be focused on an individual product, as with a mortgage advisor, or be restricted to products and services from a single provider.
Before any financial advisor accepts you as a client, they're required by the FCA to be fully transparent with you about their charges. Although it can vary according to the type of product or service you are looking for, there could be a set fee, an hourly rate, or you could even be charged a slice of what you're investing. A free first consultation could be offered, so you can discuss your objectives and circumstances to determine whether the advisor is the right choice. In some of the larger Bury companies, you could find that your account is being handled by a team rather than an individual advisor.
To describe your financial situation and targets to the advising firm, you will be asked to complete a "Fact Find" form, which is a confidential disclosure document. To provide information about the financial advisor, their situation for offering restricted or independent advice and their range of permissions in the financial arena, you will also be given an Initial Disclosure Document, or Key Facts Document. This document will also lay down your own legal rights and the possible options you can take if you are not happy with the service provided, and need to complain. It should be written in plain language and detail what you're signing up for, and any possible benefits and risks that exist should you opt to take the offered advice. The allowed cooling-off period should also be fully explained in this Key Facts Document. This allows you to have a change of heart within a certain number of days, and cancel the agreement with your financial advisor.
When speaking to the financial advisor for the first time you need to check their qualifications and experience. After all you are about to entrust your financial future to their expertise, so you should never be embarrassed about asking these questions. Every financial advisor in Bury must present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. If the advisor's name does not show up on the Financial Services Register, don't freak out, the company the person works for should be found on the register and their staff will be covered by the legislation. If these can't be presented the person may still offer financial guidance as opposed to advice. Guidance is not regulated in the same way as financial advice, meaning that if mistakes arise the client won't have any recourse.
If you're looking for advice on investing money you'll be asked the amount of risk you're comfortable with. Higher risk investments could potentially offer larger rewards, however all or some of your money could be lost. Decent investment and financial advice should take into account your savings aims, i.e. long or short term investments, how quickly you need to access your funds and how much capital you want to invest. The one question that you should ask of yourself, which is usually overlooked, is how much you can really afford to lose. Commonly called your capacity for loss, this will quite likely influence the products and services that you're offered.
From the outset, it is imperative that you let your financial advisor know about any existing mortgages, investments, personal savings or regular outgoings that you have. They'll need to know this, so they can get a picture of your finances and give the correct advice for your needs. Spreading the risk across various products through the diversification of your investments and savings, is something that smart financial advice should embrace. A seasoned financial advisor in Bury will understand the best products to consider, which match your financial situation and your goals.
Your financial advisor will attempt to communicate in as much plain speech as possible, to lay bare the multifaceted world of finance. You should be able to make an informed decision when you have compared the various services and products that match your needs. If the environment is at the forefront of your mind, you could perhaps ask that ethical savings and investments take precedence. This allows you to support firms and organisations which match your concerns, i.e. zero carbon or renewable energy, or perhaps avoiding businesses that do not meet your standards.
It can prove challenging to manage your work day and other responsibilities around working closely with your financial advisor in Bury. This can be alleviated by supplementing one-on-one meetings with phone calls and video conferencing, thus allowing you to get the guidance you need at a convenient time. Any professional financial advice provider in Bury will have rigorous measures in place to ensure your details are kept confidential and secure, even if you never have a one-on-one meeting with your personal advisor, because remote and home working is no longer unusual.
The value of your investments can fall as well as rise, and this is a factor that you need to keep in mind. If your investment fails to make the amount of money you hoped for, it can be extremely disheartening and stressful. Sadly, your investment having a downward trend is not seen as a basis for complaint, unless it's owing to incorrect or misleading information from your advisor.
As described in the Key Facts Document, any complaints should begin with the company's complaints procedure. You can inform the Financial Ombudsman of the problem if it is unsolved within the time-frame laid down by the regulating authority, and the advisor is a member of the Financial Conduct Authority.
The Financial Ombudsman will look into the cause for complaint and come to a decision. If it is found that the complaint is justifiable, a decision will be made on how the customer can be compensated. The financial advisor and their firm must abide by any decision that is made, which becomes legally binding once the client has agreed to it. Any compensation fixed by the Ombudsman will also take into account any annoyance, inconvenience, hassle and distress caused to the client during the dispute.
Financial advice can be provided in Bury and also nearby in: Free Town, Unsworth, Fishpool, Gigg, Whitefield, Heap Bridge, Pimhole, Walshaw, Fernhill, Toppings, Limefield, Ramsbottom, Prestwich, Heywood, Elton, Chesham, Little Lever, Tottington, together with these postcodes BL8 1HP, BL8 1NH, BL8 1NB, BL8 1QD, BL8 1AQ, BL8 1PW, BL8 1PT, BL8 1DJ, BL8 1FD, BL8 1HY. Local Bury financial advisers will likely have the postcode BL9 and the telephone code 0161.
Bury Financial Advice Services
There are a number of different services which are provided by your local Bury financial advisor including pension reviews Bury, financial analyst services, tax planning, cheap financial advice Bury, income protection Bury, investment planning in Bury, cashflow analysis Bury, financial planning in Bury, pension advice, annuities, unit trusts in Bury, corporate bonds, pension drawdowns, financial services, independent financial advice, inheritance tax planning, portfolio management in Bury, pension consolidation, mutual funds, ISA's, ethical investment advice in Bury, equity release advice, divorce financial planning, business financial planning Bury, corporate financial planning, and more.
Financial Advice Enquiries Greater Manchester
Recent Greater Manchester financial advice enquiries: Evie-Rose Piper from Bredbury recently enquired about investment bonds. Izabella and Dougie Mohamed from Haughton Green, Greater Manchester recently asked for information on financial planning. Austin Blackburn and Liana Blackburn from Broadbottom, Greater Manchester recently asked for information on investment bonds. Mae Halliwell and Grayson Halliwell from Saddleworth, Greater Manchester recently asked for information on life assurance. Mr and Mrs Benson from Bryn, Greater Manchester recently enquired about family income benefit. Eleri Dodd from Astley recently enquired about investment advice. Iga Cowan and Rocky Cowan from Elton, Greater Manchester recently asked for information on mortgages. Mr and Mrs Jacobs from Cheadle, Greater Manchester recently asked for information on life assurance.
Financial Advisors Near Bury
Also: Heap Bridge financial advisors, Chesham financial advisors, Heywood financial advisors, Ramsbottom financial advisors, Walshaw financial advisors, Pimhole financial advisors, Toppings financial advisors, Fishpool financial advisors, Unsworth financial advisors, Fernhill financial advisors, Whitefield financial advisors, Gigg financial advisors, Limefield financial advisors, Tottington financial advisors, Little Lever financial advisors, Elton financial advisors, Prestwich financial advisors, Free Town and more.
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Financial Advisors Around Bury: In Swinton Crescent, Stokesay Close, Alnwick Drive, Alderwood Grove, Dearden Fold, Chiltern Road, Avon Drive, Spen Leach Lane, Chesham Fold Road, Spruce Crescent, Topping Street, Teak Street, Bleakley Street, Blackrod Drive, Chatsworth Close, Sandown Road, Spinney Drive, Taylor Street, Albion Street, Claughton Road, Thorn View, Cecil Street, The Paddock, Central Drive, Cranham Close, The Mall, Southfield Avenue, Barrett Court, Scobell Street, as well as these Bury area postcodes: BL8 1HP, BL8 1NH, BL8 1NB, BL8 1QD, BL8 1AQ, BL8 1PW, BL8 1PT, BL8 1DJ, BL8 1FD, BL8 1HY, people have just recently needed financial advice.
More Greater Manchester Financial Advisors: More Farnworth, Whitefield, Stockport, Manchester, Walkden, Atherton, Chadderton, Salford, Leigh, Hyde, Cheadle Hulme, Romiley, Bury, Bolton, Rochdale, Eccles, Droylsden, Horwich, Golborne, Stretford, Dukinfield, Radcliffe, Sale, Ashton-under-Lyne, Royton, Swinton, Wigan, Heywood, Gatley, Stalybridge, Denton, Westhoughton, Irlham, Hindley, Middleton, Ashton-in-Makerfield, Oldham, Altrincham and Urmston.:
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Independent financial advisor in BL9 area, (dialling code 0161).
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