Financial Advisor Dover Kent (CT16): It can be an intimidating experience trying to locate a decent independent financial advisor in the Dover area, especially if it's the first time that you're in search of financial advice. Whether it is mortgage, pensions, investment or even insurance guidance that you are looking for, there's one common rule for all financial advisors; they all have to abide by Financial Conduct Authority (FCA) regulations. The advantage of this is that should a financial advisor who is FCA registered give you poor advice, and things go wrong, you have guarantees, and are able to contact the Financial Ombudsman or the Financial Services Compensation Scheme to get it put right.
When choosing a financial advisor in Dover, a decent starting point could be neighbours and friends, however you must remember that your situation may not be the same as theirs, and you may need a different type of advice. Not every financial advisor is suitable for everyone, and any advice they provide needs to be tailored to your particular circumstances. It is wise to talk to at least 3 different companies when you're picking a financial advisor, because this is an important decision, and you need to find one that you can trust and feel comfortable with, and also check out the options they can provide.
When you're looking to pick a financial advisor in Dover, there are essentially two principal types; independent financial advisors (IFA) and restricted advisors. Offering a wide range of options, an independent financial advisor should not be restricted to the services and products of a single provider. Independent financial advice must encompass the entire gamut of financial products and companies, and must be offered in an unbiased way. This will permit you to pick from the widest possible range of products to meet your needs. If you go to a restricted financial advisor you'll find that they may be restricted to services and products of a particular company, or as with a mortgage advisor, will only be involved with one solitary product.
Before any financial advisor in Dover takes you on as a client, they are required by the Financial Conduct Authority to be fully transparent with you about their charges. Determined by the type of product you require, you could be charged by the hour, a set fee or even a specific percentage of your investment value. To discuss your aims and find out if the advisor is a good fit for you and your circumstances, you could be offered the chance of a free initial consultation. If you go with one of the bigger Dover firms, your account could be handled by a team of advisors rather than one individual.
To outline your goals and financial situation to the advising company, you will be required to complete 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 market, you'll also be handed a Key Facts or Initial Disclosure Document. Your own rights will also be set out in this document, in addition to your options if you wish to submit a complaint because you are not happy with the service you are given. It should detail what you're committing yourself to, and any possible risks and benefits should you elect to take the advice offered, and it must be written in plain language. The Key Facts Document will also inform you about the allowed cooling-off period. Within a certain time period, this allows you to cancel the contract with your financial advisor.
When speaking with the financial advisor for the first time you need to check their qualifications and experience. Asking these questions should not be a cause for embarrassment, because you're about to entrust them with your long-term financial wellbeing. Every Dover financial advisor must be in a position to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. Don't stress if your particular financial advisor's name does not appear on the Financial Services Register, providing the firm is on the register, their advisors will be covered by the regulations. The person can still offer financial guidance instead of advice, if these cannot be provided. Guidance is not regulated in the way that financial advice is, meaning that if errors are made the client won't 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. Higher risk investments could offer higher rewards, but some or all of your money could be lost. Decent financial and investment advice should take into account your savings goals, i.e. how much you wish to invest, how rapidly you need to access your money and long or short term investments. "How much money can you afford to lose?" Is the one crucial question that you should really be asking yourself. Generally referred to as your 'capacity for loss', this will very likely affect the products and services that you are offered.
From the outset, it is imperative that you tell your financial advisor about any investments, savings, regular payments or mortgage loans that you have. This gives a clear and full picture of your financial circumstances, and without this the advice you get might not be the most suitable for you. Diversifying your investments and savings by spreading the risk load across different products, is an essential part of sound financial advice. So as to match your goals and financial circumstances, a competent financial advisor in Dover will be aware of the best areas to consider.
A financial advisor will reveal the multifaceted world of finance, and try to speak in the clearest possible way. After learning about the products and services which meet your needs, you should be able to come to an informed and intelligent decision. If you're environmentally minded, you could ask your financial advisor to stick to ethical investments and savings. This does not just give you investment possibilities, but also allows you to lend your support to renewable energy or zero carbon projects, and steer clear of businesses and companies that do not share the same values as you.
Working closely with your financial advisor in Dover can be difficult to manage around work and other commitments. This can be reduced by augmenting face-to-face meetings with video conferencing and telephone, hence enabling you to seek the advice you need at a convenient time. Even if you never have an in-person meeting with your personal advisor, an experienced financial advice company in Dover will have rigorous measures in force to keep your details secure and confidential, because remote and home working is now commonplace.
Investments can be a volatile area, and their values could fall as well as rise. If it just so happens that your investment fails to make as much money as you were hoping for, it can be a very stressful and demoralising time. However, except if it's down to misleading or incorrect information from your advisor a downward spiral in your investment is not seen as a basis for complaint.
The firm's complaints procedure should be the starting point for any disputes, and the Key Facts Document should explain this. You can let the Financial Ombudsman know about the issue if it remains unsolved within the time schedule laid down by the regulating authority, and your advisor is a member of the Financial Conduct Authority.
The Financial Ombudsman will look into the cause of the complaint and make a ruling. If the complaint is found to be justified, a decision is made on how to financially compensate the customer. The financial advisor and their company must abide by any decision that is made, which becomes legally binding as soon as the customer has agreed to it. The Ombudsman will also consider any trouble, distress, upset and inconvenience caused to the client during the situation, and fix the level of compensation accordingly.
Financial advice can be provided in Dover and also nearby in: Church Hougham, Capel le Ferne, Alkham, Buckland, Farthingloe, Guston, Swingate, Whitfield, Tower Hamlets, Shepherdswell, Maxton, West Hougham, St Margarets at Cliffe, River, Ringwould, Temple Ewell, together with these postcodes CT16 1DN, CT16 1EL, CT16 1QX, CT16 1DL, CT16 1JX, CT16 1BY, CT16 1ER, CT16 1NY, CT16 1LU, CT16 1HZ. Local Dover financial advisers will likely have the postcode CT16 and the phone code 01304. Simply click on the "enquiry" form or banner to get details about financial advisors in your area.
Kent Financial Advice Enquiries
Recently posted Kent financial advice enquiries: Rory Pollock and Ellie-May Pollock from Aldington, Kent recently enquired about equity release. Haniya Shipley and Monty Shipley from Stone recently enquired about financial planning. Amiyah and Leon Wheeldon from Biddenden recently enquired about pension advice. Sapphire Lucas and Alfred Lucas from Chartham, Kent recently asked for information on mortgages. Jonah Bull from Nonington recently asked for information on investment bonds. Nate Parish from Seal recently enquired about offshore investments. Amna Leonard from Sutton At Hone recently asked for information on pensions. Magnus and Miley Lees from Seal recently enquired about equity release.
Skills and Knowledge Required by a Financial Advisor
- To be good at selling services and products.
- Good verbal communication skills.
- To have excellent IT skills.
- To have good time management skills.
- An outstanding level of numeracy for building financial packages.
- To have active listening and interpersonal skills.
- Effective customer service skills for establishing client requirements.
- To be thorough and pay attention to detail.
- To have the ability to network and build solid relationships with customers.
- Excellent management skills for negotiating product prices.
- An outstanding understanding of economics and accounting relating to financial markets and products.
Financial Advisors Kent
In the Kent area you will also discover: Sellindge investment advice, Kingsdown financial advice, Eastchurch financial advice, Edenbridge financial advice, Cliffe Woods financial advisors, Upchurch financial advisors, Chevening investment advice, Ulcombe investment advisors, Coxheath investment advisors, St Marys Bay investment advisors, East Malling financial advisors, Brasted financial advisors, Cliffe investment advisors, Eynsford financial advice, Shepherdswell investment advisors, Brenchley investment advice, Eastry financial advisors, Chislet investment advice, Tenterden financial advisors, Cranbrook financial advisors, Bearsted financial advisors, Woodnesborough financial advisors, Sutton At Hone financial advice, Pembury investment advisors, Vigo investment advisors, Kemsing financial advisors, Hextable financial advice, Ditton financial advisors, Dunton Green investment advisors, Southborough investment advice.
The Daily Duties for a Financial Advisor
- A financial advisor meets performance and sales targets.
- A financial advisor produces financial reports.
- A financial advisor keeps fully abreast of new products and law changes.
- A financial advisor makes deals with with financial product providers.
- A financial advisor researches financial products and explains them clearly and simply to customers.
- A financial advisor maintains a record of clients and transactions.
- A financial advisor provides counselling, education and consultation regarding finances and investments.
- A financial advisor works together with associates to collect statistics, market information and trends.
- A financial advisor speaks with customers regarding their plans and finances.
- A financial advisor regularly updates clients concerning their investments.
Dover Financial Advice Services
There is a range of services which are provided by your local Dover financial advisor including investment plans, life insurances, family income benefit, life assurance advice, pension advice Dover, tax planning, trusts Dover, investment planning in Dover, equity release in Dover, unit trusts Dover, pension reviews in Dover, corporate bonds in Dover, retirement plans in Dover, mortgage advice Dover, stakeholder pension advice, personal financial planning in Dover, annuities, offshore investments, portfolio management in Dover, financial planning, cheap financial advice Dover, long term care fee planning, divorce financial planning, pension drawdowns, financial analyst services Dover, and more.
Financial Advisors Near Dover
Also: St Margarets at Cliffe financial advisors, Tower Hamlets financial advisors, Ringwould financial advisors, Farthingloe financial advisors, Whitfield financial advisors, West Hougham financial advisors, Buckland financial advisors, River financial advisors, Guston financial advisors, Temple Ewell financial advisors, Alkham financial advisors, Capel le Ferne financial advisors, Maxton financial advisors, Swingate financial advisors, Shepherdswell financial advisors, Church Hougham and more.
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Financial Advisors Around Dover: Financial advisors were recently needed by people living in The Ridgeway, Bench Street, Snargate Street, The Spinney, Briar Close, Templar Street, Alkham Road, Bunkers Hill Road, Blenheim Drive, Sunnybank, Bay Hill, St James Street, Cleveland Close, Salisbury Road, Stonehall Road, Dover Road, Douglas Road, St Marys Close, Chapel Lane, Siberts Close, The Drove, Bewsbury Cross Lane, Dover Castle, Barn Tye Close, Townsend Terrace, Sea Street, Barfrestone Road, Brunswick Gardens, Downs Close, Townsend Farm Road and these Dover postcodes: CT16 1DN, CT16 1EL, CT16 1QX, CT16 1DL, CT16 1JX, CT16 1BY, CT16 1ER, CT16 1NY, CT16 1LU, CT16 1HZ.
More Dover Services: Undoubtedly, whenever you're looking at your finances in Dover, Kent, you are likely to be in need of all kinds of different services and aside from wills in Dover, family lawyers in Dover, mortgage brokers in Dover, tax preparation in Dover, accountants in Dover, debt recovery & collection in Dover, banruptcy lawyers in Dover, contracts lawyers in Dover, investment advisors in Dover, estate planning in Dover, bookkeeping in Dover, solicitors in Dover, payroll services in Dover, business financial planning in Dover, mortgage advice in Dover, property law & conveyancing in Dover, business consulting in Dover, and other different Dover experts.in Dover, Kent, you could additionally need
Financial Adviser Jobs Dover: Get financial adviser jobs near Dover by clicking here: Financial Advisor Jobs Dover
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Independent financial advisor in CT16 area, (dialling code 01304).
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