Financial Advisor Coleraine Northern Ireland (BT51): If you are seeking financial advice for the first time, trying to find a reliable financial advisor advisor in Coleraine can be an intimidating experience. Whether you are searching for pension, investments, mortgage or even insurance advice, all financial advisors are bound by one common rule; they must all adhere to the regulations of the Financial Conduct Authority (FCA). The advantage of this is that should a financial advisor who is FCA certified give you poor advice, and anything goes awry, you have guarantees, and can contact the Financial Ombudsman or the Financial Services Compensation Scheme to have it put right.
When picking a financial advisor in Coleraine, a good starting point could be friends and relations, however you must remember that your situation may not be the same as theirs, and you might need a different sort of advice. Financial advice should be individually tailored to your unique circumstances, and you'll discover that certain financial advisors may not be appropriate for you. Choosing a financial advisor is a major decision and it is wise to chat to at least three different companies so as to investigate the options they can offer, and to find one that you feel comfortable with and can trust.
Independent financial advisors and restricted advisors, are the two main types of financial advisor in Coleraine. The advantage of using an IFA is that they will not be confined to the products or services of a single company, and can offer a more extensive range of options. Independent financial advice should cover the entire spectrum of financial companies and products, and must be offered in an unbiased way. This will enable you to select from the widest range of products to suit your needs. If you use a restricted financial advisor you will discover that they may be restricted to products and services of one particular provider, or as with a mortgage advisor, might only be focused on one product.
Before any financial advisor takes you on as a client, they are required by the Financial Conduct Authority to be fully transparent with you about their charges. Dependant upon the product you are looking for, you could be charged by the hour, a set fee or possibly even a proportion of your investment. You could be offered the chance of a free first consultation to allow you to discuss your objectives and see if the advisor is a good fit for you and your circumstances. Your account might be handled by a team as opposed to one individual advisor, if you decide to use one of the larger Coleraine companies.
Before any advice is given you will be required to fill in a confidential disclosure document, known as a "Fact Find" form, which tells the advising company about your financial situation and desired goals. You will also be given an Initial Disclosure Document, or Key Facts Document, which gives you information about the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial market. This document should also set down your own rights and the possible options you can take if you're not happy with the service provided, and wish to complain. It should detail exactly what you are committing yourself to, and any possible benefits and risks should you elect to take the advice offered, and it should be set down in plain English. You can find the amount of cooling-off period in this document. This permits you to change your mind within a certain period of time, and cancel the agreement with your financial advisor.
The very first time you are speaking to your financial advisor you'll want to check what experience and qualifications they have. You shouldn't be embarrassed about asking these questions, after all you're just about to entrust your financial wellbeing to their skill. Every financial advisor in Coleraine must present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. You shouldn't worry if your advisor's name doesn't appear on the Financial Services Register, so long as the firm is listed on the register, their employees are covered by the legislation. The individual may still offer financial guidance instead of advice, if these cannot be presented. Guidance is not regulated in the same way as financial advice, meaning that if errors are made neither party will have any recourse.
If it is investing money that you are interested in, the advisor will ask you about the level of risk you are ready and able to take with your hard-earned cash. High risk investments may potentially offer better rewards, but all or some of your money could be lost. In order to get the best financial and investment advice, your savings aims will have to be carefully considered, i.e. how much you wish to invest, how quickly you need to access your funds and short or long term investments. You should always ask yourself the one vital question, how much can you really afford to lose. This is known as your 'capacity for loss' and may affect the services and products that could be offered to you.
You must let your financial advisor know about any current regular outgoings, savings accounts, investments or mortgages. They'll need to know this, so that they can get a clear picture of your financial situation and give the correct advice for your needs. Good quality financial advice should include diversifying your savings and investments by spreading the risk load across a range of different products. A competent financial advisor in Coleraine will have the knowledge of the best products to consider, which reflect your goals and your financial situation.
A financial advisor will throw open the multifaceted world of finance, and converse in as much plain speech as possible. You should be in a position to come to an informed decision when you have compared the various products and services which meet your needs. If you are environmentally minded, you can perhaps ask your financial advisor to stick to ethical investment and savings schemes. This doesn't just give you investment possibilities, but also allows you to support zero carbon or renewable energy projects, and stay away from companies that do not share the same values.
It could prove hard to manage work and other commitments around a close working relationship with your financial advisor in Coleraine. One-on-one meetings can be augmented with video conferencing and phone calls to enable you to get advice at a time to suit you. A professional financial advice firm in Coleraine will have rigorous measures in place to ensure your details are kept secure and confidential, even if you rarely have an in-person meeting with your advisor, because remote and home working is now so common.
Investments can be an unpredictable area, and values could fall as well as rise. If your investment fails to make as much money as you were hoping for, it can be incredibly frustrating and worrying. Your investment having a downward trend isn't a recognised basis for complaint, unless your financial advisor has supplied you with misleading or wrong information.
Any complaints should commence with the firm's official complaints procedure as described in the Key Facts Document. If the advisor is registered with the Financial Conduct Authority, you can inform the Financial Ombudsman of the matter if it is unresolved within the time schedule set by the regulating body.
The Financial Ombudsman will come to a decision after reviewing the cause of the complaint independently. If the complaint is upheld, a decision is made on how to rectify the situation or financially compensate the customer. This will become legally binding once it has been agreed on by the customer, and the advisor and their firm must abide by the ruling. Any compensation laid down by the Ombudsman will also take into account any upset, inconvenience, distress and trouble caused to the client during the situation.
Financial advice can be provided in Coleraine and also nearby in: Dervock, Aghadowey, Ballbogey, Bushmills, Ballycastle, Ballymoney, Stranocum, Castlerock, Ballykelly, Articlave, Dunseverick, Armoy, Macosquin, Portrush, Portstewart, Limavady, and in these postcodes BT51 3BB, BT51 3AA, BT51 3HL, BT51 3HJ, BT51 3BE, BT51 3HG, BT51 3BG, BT51 3JA, BT51 3HW, BT51 3QP. Locally based Coleraine financial advisers will likely have the postcode BT51 and the phone code 028. Simply click the "enquiry" banner or form to get specifics of financial advisors in your location.
Coleraine Financial Advice Services
There are a whole host of services that can be provided by your local Coleraine financial advisor including retirement plans, ISA's, income protection advice in Coleraine, annuity purchases, cheap financial advice Coleraine, portfolio management, equity release advice, personal financial planning Coleraine, ethical investments Coleraine, family income benefit, investment bonds in Coleraine, investment plans Coleraine, offshore investment advice Coleraine, mortgage advice, tax advice, pension reviews in Coleraine, pension advice, pension drawdowns, mutual funds Coleraine, trustee investment services, life assurance advice, divorce planning, cashflow analysis, bridging finance, trusts, and lots more.
Northern Ireland Financial Advice Enquiries
Recently posted Northern Ireland financial advice enquiries: Trey Glen and Macie Glen from Castledawson, Northern Ireland recently asked for information on equity release. Walter Warren from Cookstown recently enquired about investment bonds. Arwen Burt and Martin Burt from Castlewellan, Northern Ireland recently asked for information on family income benefit. Isa and Arielle Walls from Whitehead, Northern Ireland recently asked for information on mortgages. Mr and Mrs Best from Cookstown recently enquired about offshore investments. Juan Hassan from Portstewart recently asked for information on investment bonds. Darcie-Mae Irving and Monty Irving from Glenavy recently enquired about mortgage advice. Carter Brennan and Aleena Brennan from Eglinton recently enquired about pension advice.
A Financial Advisor's Everyday Duties
- A financial advisor produces detailed financial reports.
- A financial advisor meets performance and sales targets.
- A financial advisor provides consultation, education and counselling with regards to investments and finances.
- A financial advisor negotiates with financial product providers.
- A financial advisor keeps abreast of regulation changes and new financial products.
- A financial advisor maintains a record of potential clients and transactions.
- A financial advisor speaks with clients regarding their finances and plans.
- A financial advisor researches financial products and explains them simply and clearly to customers.
- A financial advisor continually updates clients concerning their investments.
- A financial advisor works in collaboration with peers to obtain market information, trends and statistics.
Fundamental Skills for a Financial Advisor
- An excellent level of numeracy for building financial packages.
- To be good at selling financial products and services.
- To be able to competently use a computer and the appropriate software applications.
- To be thorough and pay attention to detail.
- Excellent management skills for negotiating product fees.
- Good skills in verbal communication.
- To be able to network and establish solid relationships with customers.
- Excellent skills in customer service for identifying customer requirements and needs.
- To have good time management skills.
- A thorough knowledge of economics and accounting relating to financial markets and products.
- Active listening and interpersonal skills.
Northern Ireland Financial Advisors
In the Northern Ireland area you will additionally discover: Portstewart financial advisors, Ballycastle financial advice, Limavady investment advisors, Bessbrook financial advisors, Ballywalter financial advice, Maghaberry investment advisors, Strabane investment advisors, Moneymore investment advisors, Sion Mills investment advice, Rathfriland investment advisors, Greenisland financial advisors, Strathfoyle investment advice, Ballymoney investment advice, Coalisland financial advisors, Ballywalter financial advisors, Strathfoyle financial advice, Randalstown investment advice, Portstewart investment advice, Castledawson investment advice, Newbuildings investment advice, Dungannon financial advisors, Castlewellan investment advisors, Hilltown financial advisors, Magherafelt investment advisors, Cookstown investment advisors, Waringstown investment advisors, Portrush investment advice, Tandragee investment advice, Annalong investment advisors.
Financial Advisors Near Coleraine
Also: Ballykelly financial advisors, Dervock financial advisors, Portstewart financial advisors, Ballymoney financial advisors, Aghadowey financial advisors, Castlerock financial advisors, Articlave financial advisors, Limavady financial advisors, Bushmills financial advisors, Macosquin financial advisors, Stranocum financial advisors, Armoy financial advisors, Ballbogey financial advisors, Dunseverick financial advisors, Portrush financial advisors, Ballycastle and more.
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Financial Advisors Around Coleraine: Folks who live in the following streets and areas have just recently inquired about financial advice - Knocklynn Drive, Redlands Crescent, Knocksandel Drive, Willowfield Gardens, Hazelbank Mews, Knocklynn Grove, Cherry Manor, Upper Abbey Street, Islandtasserty Road, Lismurphy Avenue, Riverside Park East, Somerset Mews, Hendra Park, Slemish Place, Kildollagh Lane, Glenfern Court, Knockbracken Close, Dunmore Street, St. Patricks Avenue, Grange Road, University Park, Bushmills Road, Hazeldene Drive, Groves End Gardens, New Row, Gortgranagh Drive, Union Street Mews, Brook Street, Dundooan Crescent, as well as the following local Coleraine postcodes: BT51 3BB, BT51 3AA, BT51 3HL, BT51 3HJ, BT51 3BE, BT51 3HG, BT51 3BG, BT51 3JA, BT51 3HW, BT51 3QP.
If you want local Coleraine information look here
Independent financial advisor in BT51 area, telephone code 028.
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