Financial Advisor Daventry Northamptonshire (NN11): If you are in search of financial advice for the first time, trying to find a good financial advisor advisor in Daventry can be a quite daunting experience. Nevertheless, all qualified financial advisors have one thing in common; they all have to observe the regulations of the Financial Conduct Authority (FCA), whether you are looking for mortgage, investment, pensions or even insurance advice. The advantage of this is that should a financial advisor who is FCA authorised give you poor quality advice, and things go awry, you have guarantees, and can go to the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to get it put right.
Friends and relatives recommendations can be a good starting place in choosing a financial advisor in Daventry, but keep in mind that their circumstances may be different to what you are looking for. Financial advice needs to be specifically tailored to your unique situation, and you'll discover that certain financial advisors might not be suitable for your requirements. It pays to talk with at least three different firms when you are picking a financial advisor, because this is a big decision, and you need to find one that you can trust and feel comfortable with, and at the same time check out the various options they can provide.
Restricted advisors and independent financial advisors, are the two principal types of financial advisor in Daventry. The good thing about seeing an independent financial advisor is that they will not be confined to a single company's products or services, and can offer a more diverse range of options. Independent financial advice should be provided in an impartial and unbiased way and should cover the full gamut of financial companies and products. This will enable you to choose from the widest possible range of services to suit your needs. A restricted financial advisor could be involved with an individual product, as with a mortgage advisor, or be limited to products and services from a particular firm.
The FCA requires that any financial advisor in Daventry must be fully transparent with you about their charges, before taking you on as a client. You may be charged by the hour, a set fee or even a percentage of your investment value, dependant upon type of product you require. To discuss your aims and find out if the advisor is a good fit for you and your circumstances, a free preliminary consultation may be offered. Your account might be handled by a team as opposed to a single advisor, if you choose to go to one of the larger companies in Daventry.
You will be required to fill out a "Fact Find" document, which is a confidential disclosure form relating your financial situation and desired goals to the advising firm. You'll also be given a Key Facts Document, or Initial Disclosure Document, which provides information about the financial advisor, their status to offer restricted or independent advice and the scope of their permissions in the financial sector. Your own rights will also be laid out in this document, along with the options you can take if you need to make a complaint because you aren't satisfied with the service you're given. It should be typed out in plain language and detail what you are committing yourself to, and any potential benefits and risks that exist if you choose to accept the offered advice. The cooling-off period should also be explained in this document. This permits you to have a change of heart within a specific number of days, and cancel the agreement with your financial advisor.
When talking to the financial advisor the very first time ensure that you check their qualifications and experience. You should not be embarrassed about asking such questions, after all you're about to entrust your long-term financial wellbeing to their skill. A Level 4 qualification in financial advice is the minimum required qualification for any Daventry financial advisor, and they must also be able to provide you with an annual Statement of Professional Standing. You don't need to stress if your advisor's name doesn't show up on the Financial Services Register, as long as the company is on the register, their staff will be covered by the regulations. If they are not able to provide these accreditations, the individual cannot offer advice but only financial guidance. Guidance is somewhat different to advice as it is not regulated, and if mistakes are made there will probably be no recourse to the client.
If you are seeking advice on investing money you'll be asked about the amount of risk you are ready and able to accept. Better rewards could be possible with high risk investments, however you stand a greater chance of losing all or some of your cash. Good investment and financial advice will take you savings aims into consideration, i.e. how quickly you need to access your money, how much you have to invest and short or long term investments. One question you should ask of yourself, which is frequently neglected, is just how much money you can actually afford to lose. This could affect the products and services that you're offered, and is generally known as your 'capacity for loss'.
If you have already got any current mortgage loans, personal savings, investments or regular outgoing payments, you'll want to tell your financial advisor about these. To make certain that you receive the most suitable advice for you, they need a full and clear picture of your finances. Spreading the risk across various products through the diversification of your savings and investments, is something that smart financial advice should embrace. So as to mirror your financial circumstances and goals, a competent financial advisor in Daventry will be aware of the best areas to consider.
A financial advisor will reveal the multifaceted world of finance, and speak in as much plain speech as possible. You should be in a position to make an informed decision once you have learned about the various products and services which meet your needs. If environmental issues are at the forefront of your mind, you could maybe ask that ethical savings and investment schemes take precedence. This not only provides you with investment possibilities, but also enables you to support zero carbon or renewable energy projects, and avoid companies that do not share the same values as you do.
Having constant interactions with a financial advisor in Daventry could create issues with work and other obligations. This can be reduced by supplementing one-on-one appointments with video conferencing and phone calls, therefore allowing you to seek the guidance you need at times that are convenient. A competent financial advice company in Daventry will have strict measures in force to keep your details secure and confidential, even if you hardly ever have a one-on-one meeting with your advisor, because home and remote working is now so common.
Investments can just as easily go down as well as up, because the financial world can be a volatile one. If it happens that your investment is not making the amount of money you hoped for, it can be a frustrating and stressful time. However, except if it's because of incorrect or misleading information from your financial advisor, your investment having a downward trend isn't a recognised grounds for complaint.
As outlined in the Key Facts Document, any disputes should start with the company's official complaints procedure. If the problem remains unsolved within the time period set out by the regulating body, and the advisor is a member of the Financial Conduct Authority, you can notify the Financial Ombudsman.
The Financial Ombudsman will come to a decision after reviewing the cause of the complaint independently. A decision is made on how to financially compensate the client, if the complaint is upheld. This will become a legally binding decision as soon as it has been accepted by the client, and the advisor and their firm must abide by the ruling. The Financial Ombudsman will also take into consideration any inconvenience, annoyance, distress and trouble caused to the customer during the dispute, and set the level of compensation proportionately.
Financial advice can be provided in Daventry and also nearby in: Whilton, Flore, Braunston, Long Buckby, Flecknoe, Staverton, Farthingstone, Welton, Priors Marston, Everdon, Willoughby, Weedon Bec, Barby, Newnham, Wolfhampcote, Norton, Badby, as well as in these postcodes NN11 0PN, NN11 1EN, NN11 2NZ, NN11 1SU, NN11 1ZJ, NN11 1DW, NN11 2JE, NN11 0XT, NN11 1FQ, NN11 0QB. Local Daventry financial advisors will most likely have the telephone code 01327 and the postcode NN11. Simply click on the "enquiry" banner or form to get details about financial advisors in your location.
Northamptonshire Financial Advisors
Around Northamptonshire you will also find: Blisworth financial advisors, Wootton investment advice, Isham financial advice, Welford investment advice, Raunds investment advisors, Easton on the Hill investment advisors, Irchester financial advisors, Silverstone investment advice, Kings Sutton financial advice, Stanwick financial advisors, Braunston investment advisors, Syresham investment advisors, Greens Norton investment advice, Roade investment advisors, Great Doddington investment advisors, Finedon investment advice, Middleton Cheney financial advice, Yardley Gobion investment advisors, Little Harrowden investment advice, Duston financial advice, Blisworth financial advice, Irchester financial advice, Woodford financial advisors, Hackleton investment advisors, West Haddon financial advisors, Billing financial advisors, Stanion investment advice, Nassington investment advisors.
Skills Necessary for a Financial Advisor
- Excellent verbal communication skills.
- To be good at selling services and products.
- A good understanding and knowledge of accounting and economics relating to financial markets and products.
- To have good IT skills.
- Good management skills for negotiating product fees.
- A competent level of maths knowledge for developing financial strategies.
- To be thorough and pay attention to detail.
- Good skills in customer service for determining customer requirements and needs.
- To have a flexible approach to work.
- Attentive listening skills.
- To be able to network and build solid relationships with clients.
Daventry Financial Advice Services
There are a wide array of services which can be provided by your local Daventry financial advisor including will writing services, tax advice, equity release advice, cashflow analysis, pension drawdowns, inheritance tax planning in Daventry, investment planning, financial analyst services in Daventry, pension planning Daventry, business planning Daventry, corporate bonds Daventry, annuities in Daventry, investment bonds, pension consolidation advice, portfolio management, ethical investments Daventry, pension reviews Daventry, long term care fee planning, trustee investment services, wealth management & investments, general financial planning, mutual funds, corporate financial planning, mortgage financial planning, ISA's, and more.
Financial Advisors Near Daventry
Also: Willoughby financial advisors, Barby financial advisors, Priors Marston financial advisors, Flore financial advisors, Everdon financial advisors, Weedon Bec financial advisors, Newnham financial advisors, Long Buckby financial advisors, Norton financial advisors, Badby financial advisors, Wolfhampcote financial advisors, Whilton financial advisors, Welton financial advisors, Flecknoe financial advisors, Braunston financial advisors, Staverton financial advisors, Farthingstone and more.
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Financial Advisors Around Daventry: Financial advice has recently been given in these Daventry streets and roads - Bell Lane, Sanders Close, Stile Close, Curlew Way, Catesby End, Thompson Close, Drake Close, Badby Road West, The Stour, The Dingle, The Gardens, Bodleian Close, The Pyghtles, St Anthonys Close, Church Lane, Sunningdale Drive, The Willows, Burton Close, Douglas Place, Cowley Road, Chestnut Close, Church Street, The Old Rickyard, Coronation Road, Brunel Close, Bluebell Close, The Maples, Barnetts Hill, Talavera Close, as well as these local Daventry postcodes: NN11 0PN, NN11 1EN, NN11 2NZ, NN11 1SU, NN11 1ZJ, NN11 1DW, NN11 2JE, NN11 0XT, NN11 1FQ, NN11 0QB.
Daventry: A busy market town located in the English county of Northamptonshire in the East Midlands region, Daventry boasts a population of about twenty five thousand. The town lies near to the M1 Motorway and is approximately 13 miles from Northampton and 77 miles from London, neighbouring villages include Badby, Flore, Everdon, Willoughby, Whilton, Long Buckby, Braunston and Priors Marston. Daventry has the telephone dialling code 01327 and is in the postcode district NN11. At one time the location of an Iron Age hill fort, Daventry today comprises a historic town centre surrounded by largely modern houses and light industry. For local information about Daventry, Northamptonshire look here. (Tags: Daventry UK, Daventry Northamptonshire, Daventry England, Daventry Northants)
Independent financial advisor in NN11 area, and dialling code 01327.
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