Financial Advisor Dunstable Bedfordshire (LU5): It can be an intimidating experience trying to locate a first-rate financial advisor advisor in Dunstable, particularly if it is the first time that you're needing financial advice. However, all financial advisors are bound by one common rule; they all have to follow the regulations laid down by the Financial Conduct Authority (FCA), regardless of whether you're after mortgage, investment, pension or even insurance advice. Any advice given through a FCA certified financial advisor in Dunstable comes with the guarantee that if anything should go awry, you can get in touch with the Financial Ombudsman or the Financial Services Compensation Scheme.
A decent starting place when choosing a financial advisor in Dunstable could be friends and relations, but remember that the kind of advice you are searching for may be different to theirs. Every financial advisor isn't suitable for everyone, and their advice needs to be tailored to your particular situation. Choosing a financial advisor is a big decision and it pays to talk with at least three different companies in order to investigate the various options they offer, and to find one you feel comfortable with and can trust.
Restricted advisors and independent financial advisors (IFA), are the 2 main types of financial advisor in Dunstable. An IFA won't be restricted to the products or services of just one provider. Independent financial advice must be offered in a frank and unbiased way and across the whole gamut of financial companies and products. If you opt to use an independent financial advisor, you will be able to pick from the widest possible array of products, so as to find the perfect solution for you. A restricted financial advisor could be concerned with a single product, as with a mortgage advisor, or be limited to services and products from a particular company.
Before any financial advisor in Dunstable accepts you as a client, they are required by the FCA to tell you about their charges. You could be charged by the hour, a set fee or possibly even a specific percentage of your investment, based on type of service you're looking for. You will sometimes be offered a free initial consultation to allow you to discuss your goals and find out if the advisor is a good fit for you and your situation. In some of the bigger Dunstable firms, you could find that your account is being managed by a team as opposed to an individual advisor.
You'll have to fill in a "Fact Find" form, which is a confidential disclosure document relating your objectives and financial situation to the advising firm. To provide information on the financial advisor, their situation for offering independent or restricted advice and the extent of their permissions in the financial arena, you will also be given an Initial Disclosure Document, or Key Facts Document. This document should also lay down your legal rights and your options if you're not happy with the service, and want to submit a complaint. It has to be written in plain language and describe what you're committing yourself to, and any possible benefits and risks that exist if you choose to go along with the advice offered. The Key Facts Document must also tell you about the cooling-off period. This enables you to cancel the contract within a certain time period, and if any penalty charges are incurred.
Make sure you check what qualifications and experience the financial advisor has the first time you speak with them. You shouldn't be embarrassed about asking such questions, after all you are on the verge of entrusting your financial wellbeing to their skill. A Level 4 qualification in financial advice is the minimum required qualification for any financial advisor in Dunstable, and they also have to be able to show an annual Statement of Professional Standing. You shouldn't worry if your particular financial advisor's name doesn't appear on the Financial Services Register, providing the company is listed on the register, their staff are covered by the legislation. If they are not able to present this proof, the person can't offer advice but can offer financial guidance. Guidance is different to advice as it is not regulated in the same way, and if mistakes are made there will likely be no recourse to either party.
If you're needing advice on investments you will be asked the amount of risk you are comfortable with. Most investments carry some degree of risk, but high risk investments may offer higher rewards, but also more chance of losing your funds. In order to get the most beneficial financial and investment advice, your savings objectives will have to be given careful consideration, i.e. how much you have to invest, short or long term investments and how quickly you need access to your money. The one question that you should ask of yourself, which is normally overlooked, is just how much money you can really afford to lose. This is generally referred to as your 'capacity for loss' and may well influence the services and products that may be offered for your consideration.
You'll want to let your financial advisor know about any existing regular outgoings, savings, investments or mortgages. This gives a clear picture of your financial situation, without which the advice you are given may not be the best for you. Good financial advice should allow for diversifying your investments and savings by spreading the risk load across a range of different products. So as to match your financial circumstances and goals, a competent financial advisor in Dunstable will have the knowledge of the best products to consider.
Your financial advisor will attempt to communicate in the clearest possible way, while unmasking the multifaceted world of finance. You should be able to make an informed and considered decision when you have learned about the various products and services that match your needs. You can ask your advisor to only choose ethical savings and investments. This doesn't just give you investment possibilities, but also enables you to lend your support to green energy or zero carbon projects, and stay clear of companies that don't share the same values that you do.
It can prove hard to manage work and other responsibilities around a close working relationship with your financial advisor in Dunstable. To allow you to seek advice at times that suit you, face-to-face appointments can be augmented with video conferencing and telephone. An established financial advice firm in Dunstable will have strict measures in force to ensure your details are kept confidential and secure, even if you rarely have a face-to-face meeting with your personal advisor, because home and remote working is now so common.
You must always remember that the financial sector can be a volatile one, and the value of your investments could just as easily go down as well as up. It can be extremely frustrating and stressful if your investment isn't making the amount of money you were hoping for. Your investment having a downward trend isn't a recognised cause for complaint, unless your financial advisor has supplied you with misleading or incorrect information.
Any disputes should commence with the firm's complaints procedure as detailed in the Key Facts Document. You can let the Financial Ombudsman know about the situation if it is unsolved within the time schedule set out by the regulating body, and the financial advisor is a member of the FCA.
After independently reviewing the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. A decision will be made on how to financially compensate the customer, if the complaint is upheld. Once the decision has been accepted by the client it becomes a legally binding decision that the advisor and their company, must comply with. Any compensation set by the Financial Ombudsman will also take into consideration any upset, distress, inconvenience and hassle caused to the customer during the dispute.
Financial advice can be provided in Dunstable and also in nearby places like: Caddington, Leagrave, Hockliffe, Battlesden, Totternhoe, Chalton, Tebworth, Sundon, Slip End, Whipsnade, Markyate, Edlesborough, Eaton Bray, Kensworth, Stanbridge, Toddington, and in these postcodes LU5 4AN, LU5 4NU, LU5 4QQ, LU5 4PT, LU5 4QY, LU5 4EA, LU5 4GE, LU5 4NQ, LU5 4RD, LU5 4EB. Locally based Dunstable financial advisors will probably have the telephone code 01582 and the postcode LU5.
Dunstable Financial Advice Services
There are a wide range of services that are provided by your local Dunstable financial advisor including long term care fee advice, stakeholder pensions, financial analyst services Dunstable, corporate financial planning, financial planning Dunstable, cashflow analysis, family income benefit, wealth management & investments, trusts in Dunstable, investment advice, annuity purchases in Dunstable, pension consolidation, equity release Dunstable, cheap financial advice in Dunstable, ISA's, will writing services, annuities Dunstable, divorce financial planning Dunstable, bridging finance, pension drawdowns, unit trusts Dunstable, pension plans, business planning, offshore investment advice, tax financial planning in Dunstable, and lots more.
Financial Advice Enquiries Bedfordshire
Recent Bedfordshire financial advice enquiries: Huw and Christine Ricci from Great Barford, Bedfordshire recently enquired about equity release. Ellena Michael from Sharnbrook, Bedfordshire recently enquired about getting financial advice. Darcie-Mae Simons from Slip End recently enquired about getting financial advice. Dawood Clarke and Paige Clarke from Shillington, Bedfordshire recently enquired about getting financial advice. Lilith Winter and Kristian Winter from Harrold recently asked for information on investment bonds. Inaayah and Danny Wiggins from Caddington recently asked for information on equity release. Zayne Mansfield and Winter Mansfield from Wilshamstead recently asked for information on family income benefit. Danny and Roisin Mcpherson from Roxton, Bedfordshire recently asked for information on mortgages.
Skills and Knowledge Required by Financial Advisors
- Active interpersonal and listening skills.
- Excellent management skills for negotiating product rates.
- A competent level of numeracy for building financial packages.
- To have a flexible work ethic.
- To be good at selling financial services and products.
- To have good IT skills.
- A good knowledge and understanding of accounting and economics relating to financial products and markets.
- To be thorough and pay attention to detail.
- To be able to network and establish relationships with clients.
- Good verbal communication skills.
- Excellent skills in customer service for establishing client needs and requirements.
Financial Advisors Near Dunstable
Also: Lewsey Farm financial advisors, Sundon financial advisors, Leagrave financial advisors, Tebworth financial advisors, Chalton financial advisors, Sewell financial advisors, Beecroft financial advisors, Totternhoe financial advisors, Kensworth financial advisors, Chaul End financial advisors, Caddington financial advisors, Skimpot financial advisors, Slip End financial advisors, Battlesden financial advisors, Edlesborough financial advisors, Downside financial advisors, Stanbridge financial advisors, Whipsnade financial advisors, Hockliffe financial advisors, Eaton Bray financial advisors and more.
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Financial Advisors Around Dunstable: People living in the following areas and streets have just recently enquired about financial advice - Dagnall Road, Bower Lane, Church End, Calcutt Close, Dylan Court, Therfield Walk, Buttercup Close, Conger Lane, Church Green, Church Road, Cemetery Road, Church Gate, Townsend Terrace, Chiltern Avenue, The Willows, Thornbury, Arnold Court, Daubeney Close, Thornview Road, Cheney Close, Spinney Crescent, Shelton Close, Cartmel Drive, Candale Close, Cheyne Close, Bush Close, Beech Tree Way, Scott Court, Byslips Road, Castle Hill Road, as well as the following Dunstable area postcodes: LU5 4AN, LU5 4NU, LU5 4QQ, LU5 4PT, LU5 4QY, LU5 4EA, LU5 4GE, LU5 4NQ, LU5 4RD, LU5 4EB.
More Dunstable Services: Of course, when you are looking at your finances in Dunstable, Bedfordshire, you will probably need all kinds of different services and aside from tax preparation in Dunstable, accountants in Dunstable, family lawyers in Dunstable, property law & conveyancing in Dunstable, debt recovery & collection in Dunstable, solicitors in Dunstable, estate planning in Dunstable, business financial planning in Dunstable, business consulting in Dunstable, contracts lawyers in Dunstable, investment advisors in Dunstable, will writing in Dunstable, banruptcy lawyers in Dunstable, mortgage brokers in Dunstable, mortgage advice in Dunstable, payroll services in Dunstable, bookkeepers in Dunstable, and other different Dunstable experts.in Dunstable, Bedfordshire, you could also need
Dunstable Bedfordshire England: The market town of Dunstable is located in the Eastern area of England in the county of Bedfordshire. Dunstable is roughly 5 miles from Luton and 30 miles from London, nearby towns and villages include Sundon, Battlesden, Toddington, Markyate, Leagrave, Stanbridge, Eaton Bray and Edlesborough. Dunstable has the dial code 01582, is in the postcode district LU5 to LU6 and has a population of about 36,000. Dunstable is the 3rd largest town in Beds. (Tags: Dunstable Bedfordshire, Dunstable England, Dunstable UK, Dunstable Beds)
Independent financial advisor in LU5 area, (dialling code 01582).
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