Financial Advisor Clacton-on-Sea Essex (CO15): If you're in search of financial advice for the first time, trying to locate a first-rate independent financial advisor in the Clacton-on-Sea area can be a challenging experience. Nevertheless, all professional financial advisors have one thing in common; they must all follow the regulations set by the FCA (Financial Conduct Authority), whether you're looking for investment, pension, mortgage or even insurance guidance. The good thing about this is that if a financial advisor who is FCA certified gives you poor quality advice, and anything goes awry, you've got guarantees, and can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to get it put right.
A good starting place when choosing a financial advisor in Clacton-on-Sea can be family and friends, but bear in mind that the sort of advice you're looking for could be different to theirs. Any advice they offer should be tailored to your specific circumstances, and every financial advisor isn't suitable for everybody. Picking a financial advisor is an important decision and it pays to speak with at least three different companies so as to explore the options they can offer, and to find one you feel comfortable with and can trust.
There are two principal kinds of financial advisor in Clacton-on-Sea; independent financial advisors and restricted advisors. Offering a wide range of options, an IFA won't be confined to the services and products of just one company. Independent financial advice must cover the full gamut of financial companies and products, and should be given in an unbiased way. If you choose to use an IFA, you will be able to pick from the widest possible range of products, in order to find the perfect solution for your needs. A restricted financial advisor may be limited to services and products from a particular firm, or may even focus on a specific product, as may be the case with a mortgage advisor.
Before any financial advisor in Clacton-on-Sea takes you on as a client, they are required by the FCA to tell you about their charges. Although it can vary contingent on the type of product or service you are looking for, there may be a set fee, an hourly rate, or you might even be charged a proportion of what you are investing. A free initial consultation will sometimes be offered, so you can discuss your aims and situation to find out if the advisor is the best fit. Your account could be handled by a team rather than a single advisor, if you decide to use one of the bigger companies in Clacton-on-Sea.
To summarise your objectives and financial situation to the advising firm, you will be asked to fill out a "Fact Find" document, which is a confidential disclosure form. To provide information about the financial advisor, their situation for offering restricted or independent advice and the extent of their permissions in the financial sector, you will also be handed an Initial Disclosure, or Key Facts Document. Your own rights will also be spelled out in this document, along with the options you can take if you need to complain because you are not satisfied with the service you are given. It should be typed out in plain language and detail what you are signing up for, and any potential benefits and risks that exist should you choose to go along with the advice offered. The allowed cooling-off period should also be fully explained in this document. This makes it possible for you to cancel the contract within a certain period of time, and if any penalty charges have to be paid.
The first time you are talking to the financial advisor you should check what qualifications and experience they have. After all you are on the verge of entrusting your financial future to their expertise, so you should not be self-conscious about asking such questions. A Level 4 qualification is the minimum required qualification for any financial advisor in Clacton-on-Sea, and they also have to be able to present an annual Statement of Professional Standing. When you check the Financial Services Register, don't stress if your financial advisor's name does not show up on there; you will probably locate the firm name, and that means the legislation covers all of their advisors. If these can't be provided the individual may still offer financial guidance as opposed to financial advice. Guidance is not regulated in the same way as financial advice, which means that if errors occur neither party will have any recourse.
If you're looking for advice on investing money you will be asked about the amount of risk you're comfortable with. Bigger rewards could be possible with higher risk investments, however you may also lose all or some of your money. In order to get the very best financial and investment advice, your savings aims must be carefully considered, i.e. how rapidly you need to access your money, how much money you want to invest and long or short term investments. The one question that you should ask yourself, which is often ignored, is how much you can afford to lose. Generally referred to as your 'capacity for loss', this will most likely have an effect on services and products that you're offered.
If you have already got any existing regular outgoing payments, savings accounts, investments or mortgages, you should let your financial advisor know about these. To ensure that you get the most suitable advice for you, they need to gather a clear and full picture of your financial situation. The diversification of your savings and investments by spreading the risk load across various products, is an important part of good quality financial advice. So as to mirror your goals and financial situation, a certified financial advisor in Clacton-on-Sea will have the knowledge of the best products to consider.
Communicating in in the simplest terms possible, your financial advisor will reveal the complex world of investment and finance. You should be able to come to an informed and considered decision after you have compared the various services and products which meet your needs. If you're mind is firmly on the environment, you could even ask your advisor to stick to ethical investment and savings schemes. This will allow you to support enterprises and companies which address your concerns, i.e. green energy or zero carbon, or perhaps avoiding businesses that do not meet your criteria.
It's not that easy to work closely with a financial advisor in Clacton-on-Sea without this impacting your work life and other commitments. To allow you to seek advice at a time to suit you, one-on-one meetings can be augmented with video conferencing and telephone calls. A competent financial advice provider in Clacton-on-Sea will have rigorous measures in force to keep your details secure and confidential, even if you rarely have a one-on-one meeting with your personal advisor, because home and remote working is no longer unusual.
The value of your investments can fall as well as rise, and this is something that you must always remember. If your investment is not making the amount of money you were hoping for, it can be extremely frustrating and worrying. Sadly, a downward trend in your investment isn't seen as a grounds for complaint, unless of course it's because of wrong or misleading information from your financial advisor.
As indicated in the Key Facts Document, any disputes should start out with the company's official complaints procedure. You can tell the Financial Ombudsman about the problem if it remains unresolved within the time set by the regulating body, and your financial advisor is a member of the FCA.
The Financial Ombudsman will make a ruling after reviewing the cause for complaint independently. If the complaint is justified, a decision will be made on how to rectify the situation or financially compensate the customer. This becomes legally binding once it has been accepted by the client, and the advisor and their firm must comply with the ruling. Any compensation set by the Financial Ombudsman will also take into account any distress, annoyance, inconvenience and hassle caused to the customer during the dispute.
Financial advice can be provided in Clacton-on-Sea and also in: Brightlingsea, Frinton-on-Sea, Kirby-le-Soken, Kirkby Cross, Great Holland, Great Clacton, Little Oakley, Thorpe-le-Soken, Weeley Heath, Holland-on-Sea, Wivenhoe, Great Bentley, Jaywick, as well as in these postcodes CO15 1AA, CO15 1NJ, CO15 1RR, CO15 1PA, CO15 1ET, CO15 1RP, CO15 1AH, CO15 1AW, CO15 1DL, CO15 1QE. Locally based Clacton-on-Sea financial advisors will likely have the phone code 01255 and the postcode CO15. Click the "enquiry" form or banner to get info on financial advisors in your area.
Skills and Knowledge Needed by a Financial Advisor
- To be target driven.
- To have the ability to network and establish relationships with customers.
- A competent level of mathematical knowledge for producing financial plans.
- Effective business management skills for the negotiation of product rates.
- Good skills in customer service for establishing client needs and requirements.
- To be good at promoting financial products and services.
- To have the ability to listen attentively
- To have good IT skills.
- To pay attention to detail and be thorough.
- A solid knowledge and understanding of accounting and economics associated with financial products and markets.
- Excellent verbal communication skills.
Clacton-on-Sea Financial Advice Services
There are a whole host of services which can be provided by your local Clacton-on-Sea financial advisor including financial advice services in Clacton-on-Sea, income protection advice, financial planning, pension consolidation Clacton-on-Sea, pension reviews, pension drawdowns in Clacton-on-Sea, stakeholder pensions, family income benefit, cash flow modelling, annuity purchase Clacton-on-Sea, equity release advice, independent financial advice, long term care fee advice, pension planning Clacton-on-Sea, retirement plans Clacton-on-Sea, annuities, life assurance, divorce planning, financial analyst services Clacton-on-Sea, investment advice, cheap financial advice, investment bonds Clacton-on-Sea, bridging finance, trustee investment services in Clacton-on-Sea, ISA's Clacton-on-Sea, and more.
Day to Day Duties of a Financial Advisor
- A financial advisor produces in-depth financial reports.
- A financial advisor meets targets for performance and sales.
- A financial advisor researches financial products and explains them clearly and simply to customers.
- A financial advisor keeps fully up to date with new products and regulation changes.
- A financial advisor works together with colleagues to collect statistics, market information and trends.
- A financial advisor maintains a record of potential clients and transactions.
- A financial advisor talks to customers regarding their finances and plans.
- A financial advisor provides consultation, counselling and education with regards to finances and investments.
- A financial advisor updates clients concerning their investments.
- A financial advisor collaborates with providers of financial products.
Financial Advice Enquiries Essex
Recent Essex financial advice enquiries: Mr and Mrs Gillett from Feering, Essex recently enquired about getting financial advice. Michael and Thalia Oldfield from Little Oakley, Essex recently asked for information on pensions. Jace Darby from Frinton on Sea recently asked for information on pensions. Sean Mccartney from Chipping Ongar, Essex recently enquired about family income benefit. Lucie Brock and Milan Brock from Mountnessing, Essex recently asked for information on mortgages. Leandro and Elissa Bugg from South Hanningfield, Essex recently enquired about life assurance. Mr and Mrs Sneddon from Dovercourt recently asked for information on investment bonds. Karina Snowden and Rafferty Snowden from Little Hallingbury, Essex recently enquired about pension advice.
Financial Advisors Near Clacton-on-Sea
Also: Frinton-on-Sea financial advisors, Jaywick financial advisors, Holland-on-Sea financial advisors, Weeley Heath financial advisors, Kirby-le-Soken financial advisors, Great Clacton financial advisors, Brightlingsea financial advisors, Little Oakley financial advisors, Thorpe-le-Soken financial advisors, Great Holland financial advisors, Wivenhoe financial advisors, Great Bentley financial advisors, Kirkby Cross and more.
- Clacton-on-Sea Wealth Management
- Clacton-on-Sea Estate Planning
- Clacton-on-Sea Life Insurance Advice
- Clacton-on-Sea Financial Advice Quotations
- Clacton-on-Sea Cashflow Analysis
- Clacton-on-Sea Mortgage Advice
- Clacton-on-Sea Financial Services
- Clacton-on-Sea Pension Advice
- Clacton-on-Sea Corporate Financial Advice
- Clacton-on-Sea Tax Advice
- Clacton-on-Sea Cheap Financial Advice
- Clacton-on-Sea Trustee Investments
- Clacton-on-Sea Investment Advice
- Clacton-on-Sea Inheritance Advice
Financial Advisors Around Clacton-on-Sea: In the previous twelve months financial advice was provided in the following Clacton-on-Sea streets: Beacon Way, Crossways, Chittock Close, Thomas Road, Seafields Road, Sillet Close, Burrs Road, Bromley Close, Connaught Gardens East, Camellia Avenue, Broadmere Close, Sluice Cottages, Beatrice Road, The Close, Bentley Road, Snape Close, Craigfield Avenue, Albany Chase, The Chase, Canterbury Road, D'arcy Road, Daltes Lane, Tendring Road, Crow Lane, Dorset Close, Sparrows Herne, The Heath, Back Pier Avenue, and in these Essex postcodes: CO15 1AA, CO15 1NJ, CO15 1RR, CO15 1PA, CO15 1ET, CO15 1RP, CO15 1AH, CO15 1AW, CO15 1DL, CO15 1QE.
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Financial Advisor Jobs Clacton-on-Sea: See financial advisor jobs near Clacton-on-Sea by going here: Clacton-on-Sea Financial Advisor Jobs
Independent financial advisor in CO15 area, 01255.
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