Financial Advisor Eastbourne East Sussex (BN20): If you're seeking financial advice for the very first time, trying to locate a decent independent financial advisor in Eastbourne can be a quite daunting experience. Nevertheless, all financial advisors are bound by one simple rule; they all have to observe the regulations set by the Financial Conduct Authority (FCA), regardless of whether you are looking for pensions, mortgage, investment or even insurance advice. The good thing about this is that should a financial advisor who is FCA registered give you poor quality advice, and things go wrong, you have guarantees, and are able to contact the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to have it put right.
Family and friends recommendations can be a good starting point in picking a financial advisor in Eastbourne, but remember that their situation may be different to the sort of advice you are looking for. Any advice they provide needs to be adapted to your unique situation, and every financial advisor isn't suitable for everyone. Picking a financial advisor is a major decision and it is wise to speak with at least three different companies in order to explore the various options they can provide, and to find one that you can trust and feel comfortable with.
Restricted advisors and independent financial advisors, are the 2 principal types of financial advisor in Eastbourne. An independent financial advisor will not be limited to the products and services of a single company. Encompassing the full gamut of financial companies and products, independent financial advice should be given in an honest and unbiased way to customers. If you choose to use an IFA, you'll be able to select from the widest possible array of products, so as to find the ideal solution for you. A restricted financial advisor might be focused on an individual product, such as a mortgage advisor, or be limited to services and products from a single firm.
The FCA demands that any Eastbourne financial advisor must discuss their charges with you, before taking you on as a client. Contingent on the type of service you require, you could be charged by the hour, a set fee or possibly even a slice of your investment value. You may be offered a free initial consultation to enable you to discuss your goals and find out if the advisor is the correct fit for your circumstances. If you go to one of the larger Eastbourne companies, your account may be looked after by a team of advisors rather than just one person.
To summarise your financial situation and objectives to the advising firm, you will need to fill out a "Fact Find" form, which is a confidential disclosure document. A Key Facts or Initial Disclosure Document will also be handed to you, to provide information regarding the financial advisors themselves, explaining their scope of permissions in the financial arena and their status to offer restricted or independent advice. This document will also set down your legal rights and your options if you aren't satisfied with the service, and wish to make a complaint. It should detail precisely what you're committing yourself to, and any potential risks and benefits that exist should you decide to take the offered advice, and it has to be laid out in clear language. The Key Facts Document should also tell you about the cooling-off period. Within a certain time frame, this makes it possible for you to cancel the agreement.
The very first time you are talking to your financial advisor you'll want to check what qualifications and experience they've got. After all you are about to entrust your long-term financial wellbeing to their expertise, so you must not be embarrassed about asking such questions. All Eastbourne financial advisors must as a minimum hold a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. You don't need to freak out if your specific advisor's name doesn't show up on the Financial Services Register, providing the company is on the register, their staff will be covered by the regulations. If they're not able to provide this evidence, the individual can't offer advice but can offer financial guidance. Guidance differs to advice as it's not regulated in the same way, and if financial blunders occur there may be no recourse to the client.
If you're needing advice on investing money you'll be asked the amount of risk you are willing and able to accept. High risk investments may offer better rewards, but some or all of your funds could be lost. In order to get the most effective financial and investment advice, your savings aims will need to be considered, i.e. long or short term investments, how much money you want to invest and how rapidly you need to access your money. One question you should ask of yourself, which is frequently neglected, is just how much money you can actually afford to lose. This is referred to as your 'capacity for loss' and could influence the products and services that could be offered for your consideration.
You will have to let your financial advisor know about your current investments, mortgages, regular payments or savings. This should give a clear picture of your financial situation, and without this the advice given might not be the most appropriate for you. Diversifying your investments and savings by spreading the risk load across various products, is an essential part of reliable financial advice. With an understanding of the best areas to consider, a qualified financial advisor will concentrate on products that fit in with your goals and financial situation.
Your financial advisor will try to communicate in the clearest possible way, to open up the multifaceted world of finance. This will enable you to compare services and products which match your needs, and come to an informed decision. If environmental issues are at the forefront of your mind, you could ask that ethical savings and investment schemes take top priority. This not only provides you with investment possibilities, but also enables you to lend your support to green energy or zero carbon projects, and steer clear of companies that don't share the same values that you do.
It could prove challenging to manage your work life and other obligations around a close working relationship with your financial advisor in Eastbourne. Face-to-face meetings can be complemented with telephone calls and video conferencing to allow you to seek advice at times that suit you. A competent financial advice firm in Eastbourne will have strict measures in force to keep your details secure and confidential, even if you hardly ever have an in-person meeting with your advisor, because remote and home working is no longer unusual.
You must remember that the financial world is an unpredictable sector, and investment values can just as easily drop as well as rise. It can be quite worrying and frustrating if your investment isn't making as much money as you were hoping for. Regrettably, a downward spiraling of your investment isn't a recognised basis for complaint, unless it is because of incorrect or misleading information from your advisor.
The company's official complaints procedure should be the kick off point for any disputes, and the Key Facts Document should clarify this. If the financial advisor is registered with the Financial Conduct Authority, you can let the Financial Ombudsman know about the matter if it is unsolved within the time period set by the regulating authority.
The Financial Ombudsman will independently review the cause for complaint and make a ruling. If the complaint is found to be justified, a decision will be made on how to rectify or financially compensate the client. Once agreed on by the customer, the decision will become a legally binding one, and the advisor and their company must comply with it. Any compensation laid down by the Ombudsman will also take into account any inconvenience, upset, hassle and distress caused to the client during the dispute.
Financial advice can be provided in Eastbourne and also in nearby places like: Roselands, Wannock, Willingdon, Holywell, Foulride Green, St Anthonys Hill, Pevensey Bay, Friday Street, Old Town, Langney, Filching, Polegate, Ratton, Hampden Park, and in these postcodes BN20 7QL, BN20 0LH, BN20 7DL, BN20 7PH, BN20 7AH, BN20 7AB, BN20 7JT, BN20 7GD, BN20 7NL, BN20 7DT. Locally based Eastbourne financial advisors will most likely have the dialling code 01323 and the postcode BN20.
Eastbourne Financial Advice Services
There are a whole host of services which can be provided by your local Eastbourne financial advisor including unit trusts, investment planning in Eastbourne, annuity purchase in Eastbourne, pension plans in Eastbourne, portfolio management in Eastbourne, family income benefit Eastbourne, mortgage advice, pension advice in Eastbourne, investment advice Eastbourne, trustee investment services in Eastbourne, life insurance advice Eastbourne, financial analyst services, retirement advice, investment bonds Eastbourne, ethical investments, financial advice services Eastbourne, trusts, pension drawdowns, ISA's, investment advice, cashflow analysis Eastbourne, financial planning, corporate bonds, personal financial planning, pension transfer advice in Eastbourne, and more.
Daily Tasks of a Financial Advisor
- A financial advisor provides education, consultation and counselling with regards to investments and finances.
- A financial advisor thrashes out advantageous deals with with providers of financial products.
- A financial advisor recommends the best-suited financial products to customers.
- A financial advisor constantly updates clients regarding their investments.
- A financial advisor speaks to clients regarding their finances and plans.
- A financial advisor keeps fully abreast of new products and legislation changes.
- A financial advisor meets targets for sales and performance.
- A financial advisor keeps a record of potential transactions and customers.
- A financial advisor produces detailed financial reports.
- A financial advisor works in collaboration with associates to gather trends, market information and statistics.
Financial Advisors East Sussex
Around East Sussex you can also find: Fletching investment advisors, Nutley financial advice, Guestling investment advice, Beckley financial advice, Buxted financial advice, Ore investment advice, Burwash Common financial advice, Burwash financial advice, Herstmonceux financial advisors, Polegate investment advice, Catsfield financial advisors, Crowhurst investment advisors, East Hoathly investment advice, Hellingly financial advisors, Beckley investment advisors, Catsfield financial advice, Herstmonceux investment advisors, Five Ashes investment advisors, Herstmonceux investment advice, Ticehurst investment advice, Frant investment advisors, Brede financial advice, Broyle Side investment advisors, Portslade By Sea financial advice, Horam investment advice, Framfield investment advice, Peasmarsh investment advice, Uckfield investment advice, Rottingdean financial advisors.
Financial Advisors Near Eastbourne
Also: Old Town financial advisors, Roselands financial advisors, Hampden Park financial advisors, Polegate financial advisors, Willingdon financial advisors, Filching financial advisors, Ratton financial advisors, Pevensey Bay financial advisors, Foulride Green financial advisors, Wannock financial advisors, Friday Street financial advisors, Langney financial advisors, Holywell financial advisors, St Anthonys Hill and more.
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Financial Advisors Around Eastbourne: In the past year financial advice was provided in the following Eastbourne streets: Athelstan Close, Chatfield Crescent, Clarence Road, Butts Lane, De Walden Mews, Treemaines Road, St Johns Road, Stonegate Close, Sussex Gardens, Albion Road, The Portlands, Beltring Road, The Green, Tenterden Close, Cade Street, St Marys Road, Benbow Avenue, Carlton Road, Anson Close, Albert Terrace, Bexhill Road, Cook Avenue, Browning Walk, Ashampstead Place, Church Close, The Broadway, The Vintry, Avondale Road, The Green Walk, Sumach Close, and in these East Sussex postcodes: BN20 7QL, BN20 0LH, BN20 7DL, BN20 7PH, BN20 7AH, BN20 7AB, BN20 7JT, BN20 7GD, BN20 7NL, BN20 7DT.
Financial Adviser Jobs Eastbourne: Get financial adviser jobs near Eastbourne here: Financial Advisor Jobs Eastbourne
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Independent financial advisor in BN20 area, telephone code 01323.
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