Financial Advisor Eccles Greater Manchester (M30): Finding a decent independent financial advisor in the Eccles area can be an intimidating experience, in particular if you're needing financial advice for the first time. Whether you're looking for mortgage, investments, pension or even insurance guidance, all financial advisors are bound by one simple rule; they all have to conform to the regulations set by the Financial Conduct Authority (FCA). This comes with some guarantees, therefore after taking advice from a FCA certified financial advisor in Eccles, you can seek reparation from the Financial Ombudsman or the Financial Services Compensation Scheme, if anything goes wrong.
A good starting place when picking a financial advisor in Eccles may be friends and neighbours, but remember that the kind of advice you are looking for might be somewhat different to theirs. Not every financial advisor is suitable for everyone, and their advice should be tailored to your particular situation. Selecting a financial advisor is an important decision and it pays to chat to at least three different companies in order to investigate the various options they provide, and to find one you feel comfortable with and can trust.
There are two principal kinds of financial advisor in Eccles; independent financial advisors (IFA) and restricted advisors. The good thing about using an independent financial advisor is that they should not be limited to the products and services of a single provider, and can offer a more extensive range of options. Covering the entire gamut of financial products and companies, independent financial advice must be given in an honest and unbiased way to clients. This will allow you to choose from the widest possible range of products to meet your needs. A restricted advisor might be focused on a single product, such as a mortgage advisor, or be limited to products and services from a particular firm.
Before taking you on as a client, any financial advisor in Eccles must be fully transparent with you about their charges, as required by the Financial Conduct Authority. Although it varies determined by the type of product or service you're looking for, there could be a set fee, an hourly rate, or you might even be charged a proportion of the money you are investing. You could be offered the chance of a free preliminary consultation to enable you to discuss your objectives and see if the advisor is the proper choice for you and your situation. Your account could be handled by a team as opposed to a single advisor, if you choose to go to one of the larger Eccles companies.
Before any advice is handed out you will need to fill in a confidential disclosure document, known as a "Fact Find" form, which tells the advising firm about your desired goals and financial situation. You'll also be handed an Initial Disclosure, or Key Facts Document, which provides information regarding the financial advisor, their situation for offering independent or restricted advice and the scope of their permissions in the financial market. If you aren't happy with the service, and wish to submit a complaint, this document should also set down your legal rights and the options you can take. It should be typed out in plain English and describe what you're committing yourself to, and any potential risks and benefits should you decide to go along with the advice offered. The allowed cooling-off period should also be fully explained in this document. This enables you to cancel your contract within a certain time frame, and if any penalties are incurred.
When speaking with the financial advisor for the first time ensure that you check their experience and qualifications. After all you are on the verge of entrusting your long-term financial wellbeing to their expertise, so you should not be self-conscious about asking these questions. Every Eccles financial advisor must be in a position to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. If the advisor's name doesn't show up on the Financial Services Register, you should not freak out, the firm the advisor works for should be found on the register and their advisors are all covered by the legislation. The person can still offer financial guidance as opposed to advice, if these can't be provided. Guidance is not regulated in the way that financial advice is, meaning that if mistakes are made the client won't have any recourse.
If it is investing money that you are interested in, your advisor will want to know the level of risk you are willing and able to take with your hard-earned money. High risk investments may offer better rewards, however all or some of your cash could be lost. In order to get the best financial and investment advice, your savings aims will need to be given careful consideration, i.e. how rapidly you need access to your money, short or long term investments and how much money you want to invest. "How much can you actually afford to lose?" Is the one question that you should really be asking yourself. This might affect the services and products that could be offered for your consideration, and is referred to as your 'capacity for loss'.
If you have already got any existing regular outgoings, mortgage loans, investments or personal savings, you must let your financial advisor know about these. They will need to know this, so that they can get a picture of your finances and give the appropriate advice for you. Spreading the risk across different products through the diversification of your savings and investments, is something that good financial advice should embrace. A professional financial advisor in Eccles will be aware of the best products to consider, which mirror your financial situation and your goals.
A financial advisor will throw open the complex world of finance, and try to speak in as much plain speech as possible. You should be in a position to make an informed and considered decision once you have compared the various services and products which match your needs. If environmental issues are at the forefront of your mind, you could even ask that ethical investments and savings take precedence. This does not just give you investment opportunities, but also enables you to support zero carbon or green energy projects, and stay away from businesses and companies that do not share the same values that you do.
Working closely with a financial advisor in Eccles can be tricky to manage around work and other obligations. This can be reduced by augmenting one-on-one appointments with video conferencing and telephone, hence enabling you to get the advice you need at convenient times. An experienced financial advice company in Eccles will have stringent measures in force to keep your details confidential and secure, even if you hardly ever have a one-on-one meeting with your personal advisor, because remote and home working is now so common.
You must always keep in mind that the financial world is an unpredictable sector, and the value of your investments can just as easily fall as well as rise. If your investment is not making as much money as you were hoping for, it can be quite frustrating and worrying. However, unless it's due to wrong or misleading information from your advisor a downward spiral in your investment isn't a recognised grounds for complaint.
As described in the Key Facts Document, any disputes should start with the firm's complaints procedure. If the issue remains unsolved within the period set out by the regulating authority, and your advisor is a member of the FCA, you can advise the Financial Ombudsman.
The Financial Ombudsman will make a ruling after reviewing the cause for complaint independently. If it is established that the complaint is justified, a decision will be made on how the client can be compensated or the situation rectified. The financial advisor and their firm must abide by any decision that is made by the Ombudsman, which becomes a legally binding decision as soon as the client has accepted it. Any compensation as set out by the Financial Ombudsman will also take into account any annoyance, inconvenience, distress and hassle caused to the client during the situation.
Financial advice can be provided in Eccles and also in: Hazelhurst, Worsley, Peel Green, Pendlebury, Little Bolton, Trafford Park, Salford, Ellesmere Park, Moorside, Wardley, Swinton, Patricroft, Alder Forest, Barton-upon-Irwell, as well as in these postcodes M30 0HA, M30 0HU, M30 0DN, M30 0FG, M30 0GB, M30 0HZ, M30 0DU, M30 0DW, M30 0HG, M30 0PP. Local Eccles financial advisors will most likely have the telephone dialling code 0161 and the postcode M30. Simply click the "enquiry" banner to get info on financial advisors in your area.
Greater Manchester Financial Advisors
Around Greater Manchester you'll also locate: Ainsworth financial advisors, Lees financial advice, Dobcross financial advisors, Wardle financial advice, Dukinfield investment advice, Cadishead investment advice, Lowton investment advisors, Failsworth investment advice, Winton financial advice, Timperley investment advice, Norden investment advisors, Delph investment advisors, Milnrow financial advice, Hazel Grove financial advice, Wardle financial advisors, High Lane investment advisors, Saddleworth investment advice, Haughton Green investment advice, Orrell financial advisors, Bradshaw investment advice, Irlam financial advice, Littleborough investment advisors, Rhodes investment advice, Dukinfield investment advisors, Higher Folds financial advice, Abram investment advisors, Kearsley financial advisors, Prestwich investment advice, Hollinwood financial advice.
Eccles Financial Advice Services
There is a wide range of services that can be provided by your local Eccles financial advisor including portfolio management, annuity purchases in Eccles, pension transfers Eccles, cash flow modelling, unit trusts, investment plans in Eccles, bridging finance in Eccles, family income benefit, life assurance, financial services Eccles, cheap financial advice, wealth management & investments, pension reviews, investment advice in Eccles, pension advice, tax financial planning, stakeholder pension advice in Eccles, personal financial planning, general financial planning, pension consolidation advice, retirement advice, offshore investment advice, corporate financial planning, trusts, life insurances in Eccles, and lots more.
Skills and Knowledge Necessary for a Financial Advisor
- To be capable of using a computer and the main software applications.
- To have the ability to listen attentively
- Good verbal communication skills.
- To be self-motivated and organised.
- Effective business management skills for negotiating product rates.
- To have the ability to network and build solid relationships with clients.
- To be thorough and pay attention to detail.
- Excellent customer service skills for establishing client requirements.
- To be good at promoting financial products and services.
- A thorough knowledge of accounting and economics associated with financial products and markets.
- A competent level of maths knowledge for developing financial packages.
Financial Advisors Near Eccles
Also: Peel Green financial advisors, Alder Forest financial advisors, Patricroft financial advisors, Wardley financial advisors, Pendlebury financial advisors, Swinton financial advisors, Ellesmere Park financial advisors, Moorside financial advisors, Hazelhurst financial advisors, Little Bolton financial advisors, Barton-upon-Irwell financial advisors, Worsley financial advisors, Salford financial advisors, Trafford Park and more.
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Financial Advisors Around Eccles: Financial advice has recently been provided in the following Eccles areas - Watson Street, Sandwich Road, Dante Close, Stableford Avenue, Dovedale Avenue, Mirfield Drive, Brandon Avenue, College Road, John William Street, Chilham Road, Brentwood Drive, Marlborough Road, Egerton Road, Bradford Road, Burlington Road, Henry Street, Jubillee Close, Vernon Avenue, Lynwell Road, Maldon Drive, College Croft, Salisbury Road, Gordon Road, Monton Road, Cavendish Road, Denstone Avenue, Dalton Street, Narbonne Avenue, as well as the following local Eccles postcodes: M30 0HA, M30 0HU, M30 0DN, M30 0FG, M30 0GB, M30 0HZ, M30 0DU, M30 0DW, M30 0HG, M30 0PP.
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Independent financial advisor in M30 area, and dialling code 0161.
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