Financial Advisor Epsom Surrey (KT17): It can be an intimidating experience trying to locate a decent independent financial advisor in Epsom, in particular if it's the very first time that you are needing financial advice. Whether it is investment, pension, mortgage or even insurance advice that you're after, there's one common rule for all qualified financial advisors; they must all comply with Financial Conduct Authority (FCA) regulations. Any advice given through a FCA authorised financial advisor in Epsom comes with certain guarantees that if anything should go awry, you can contact the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
A decent starting place in choosing a financial advisor in Epsom may be relatives and friends, but remember that the sort of advice you're searching for could be different to theirs. Their advice needs to be personalised to your particular situation, and not every financial advisor is suitable for everyone. Choosing the right financial advisor is important and it is wise to talk to at least three different companies in order to check out the options they provide, and to find one you feel comfortable with and can trust.
Independent financial advisors (IFA) and restricted advisors, are the two principal types of financial advisor in Epsom. An IFA won't be confined to the products or services of just one company. Independent financial advice should be offered in an honest and unbiased way and across the full gamut of financial products and companies. If you elect to use an IFA, you will be able to choose from the broadest possible array of services, in order to find the perfect solution for your needs. A restricted financial advisor could be involved with an individual product, as with a mortgage advisor, or be restricted to products and services from one particular provider.
The FCA requires that any financial advisor in Epsom must discuss their charges with you, before taking you on as a client. You might be charged a set fee, by the hour or even a proportion of your investment value, contingent on type of product you require. You could be offered the chance of a free initial consultation to enable you to discuss your goals and see if the advisor is a good fit for your situation. Your account could be looked after by a team rather than one individual advisor, if you choose to go with one of the bigger firms in Epsom.
To describe your desired goals and financial situation to the advising company, you'll be asked to fill out 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 scope of their permissions in the financial sector, you will also be given an Initial Disclosure Document, or Key Facts Document. Your legal rights should also be laid out in this document, in addition to the possible options you can take if you need to submit a complaint because you aren't happy with the service you're given. It should outline what you're committing yourself to, and any possible risks and benefits that exist should you decide to take the advice offered, and it has to be laid out in clear language. The cooling-off period should also be explained in this document. This makes it possible for you to have a change of heart within a specific period of time, and cancel the agreement with your financial advisor.
You'll want to check the experience and qualifications of the financial advisor when you first speak to them. After all you're on the verge of entrusting your financial wellbeing to their skill, so you should not be embarrassed about asking such questions. All Epsom 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 stress if your financial advisor's name doesn't show up on the Financial Services Register, providing the firm is listed on the register, their personnel will be covered by the legislation. If these can't be presented the person may still offer financial guidance as opposed to advice. In financial terms guidance differs to advice and isn't regulated in the same way. Therefore there's no recourse for the client if financial errors occur.
You will be asked about the amount of risk you are prepared to take, if you are seeking advice on investments. Higher risk investments may potentially offer higher rewards, but all or some of your capital could be lost. Decent financial and investment advice should take you savings aims into consideration, i.e. short or long term investments, how rapidly you need access to your funds and how much you have to invest. "How much money can you actually afford to lose?" Is the one important question that you should really be asking yourself. Referred to as your 'capacity for loss', this will most likely influence the products and services that you are offered.
If you already have any current regular payments, investments, mortgage loans or savings accounts, you must let your financial advisor know about these. They will need to know this, so that they can get a clear picture of your financial situation and give the correct advice for you. Diversifying your investments and savings by spreading the risk load across different products, is an essential part of good quality financial advice. A qualified financial advisor in Epsom will be aware of the best areas to consider, which match your goals and your financial situation.
Your financial advisor will attempt to communicate in the clearest possible way, to unmask the complex world of finance. You should be in a position to make an informed and educated decision after you have compared the various products and services which match your needs. You could even ask your advisor to only specify ethical savings and investment schemes. This allows you to give your support to enterprises and firms that address your concerns, e.g. green energy or zero carbon, or perhaps keeping away from investments that don't meet your requirements.
Working alongside your financial advisor in Epsom can be challenging to fit in around your work life and other obligations. This can be reduced by supplementing face-to-face appointments with telephone and video conferencing, therefore enabling you to seek the advice you need at convenient times. Home and remote working is now a large part of our society, and any experienced financial advice company in Epsom will have stringent measures in force to ensure your details are kept secure and confidential, even if you never have a face-to-face meeting with your personal advisor.
Investments can just as easily go down as well as up, because the financial world can be volatile. It can be extremely worrying and demoralising if your investment is not making the amount of money you hoped for. However, unless it is down to misleading or incorrect information from your financial advisor, a downward spiral in your investment is not a recognised basis for complaint.
Any disputes should commence with the company's official complaints procedure as laid out in the Key Facts Document. If the advisor is registered with the Financial Conduct Authority, you can inform the Financial Ombudsman of the problem if it remains unresolved within the timeframe set out by the regulating body.
After reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If the complaint is justified, a decision will be made on how to rectify or financially compensate the customer. This will become legally binding once it has been agreed on by the customer, and the advisor and their company must abide by the decision. Any compensation as set out by the Ombudsman will also account for any inconvenience, distress, trouble and annoyance caused to the customer during the dispute.
Financial advice can be provided in Epsom and also in nearby places like: Burgh Heath, Worcester Park, West Ewell, Oxshott, Carshalton, Ashtead, Belmont, Langley Vale, Esher, Tattenham Corner, Cheam, Banstead, Nork, Sutton, Chessington, Leatherhead, East Ewell, together with these postcodes KT17 2BZ, KT17 2DN, KT17 1QW, KT17 2HF, KT17 1JE, KT17 1WZ, KT17 2HG, KT17 1EL, KT17 1EE, KT17 1DP. Locally based Epsom financial advisors will most likely have the postcode KT17 and the phone code 01372. Simply click on the "enquiry" form or banner to get details about financial advisors in your location.
Epsom Financial Advice Services
There is a wide range of services which can be provided by your local Epsom financial advisor including pension advice, business planning, general financial planning, personal financial planning, corporate financial planning, financial advice services in Epsom, pension drawdowns in Epsom, investment bonds, tax advice, trustee investment services in Epsom, trusts, cashflow analysis Epsom, financial planning, bridging finance, unit trusts in Epsom, ISA's Epsom, life assurance advice Epsom, ethical investment advice, pension consolidation advice, mutual funds, investment planning, income protection, pension reviews in Epsom, corporate bonds, investment planning Epsom, and lots more.
Daily Duties for a Financial Advisor
- Financial advisors meet targets for performance and sales.
- Financial advisors maintain a record of clients and transactions.
- Financial advisors keep fully abreast of regulation changes and new products.
- Financial advisors provide education, counselling and consultation with regards to investments and finances.
- Financial advisors update clients concerning their investments.
- Financial advisors work with colleagues to collect market information, trends and statistics.
- Financial advisors research financial products and explain them clearly and simply to their customers.
- Financial advisors talk to clients regarding their plans and finances.
- Financial advisors negotiate with financial product providers.
- Financial advisors produce comprehensive financial reports.
Financial Advice Enquiries Surrey
Recently posted Surrey financial advice enquiries: Mr and Mrs Shah from Alfold recently enquired about investment advice. Camille and Noah Harris from Limpsfield recently asked for information on pensions. Rebecca Moran and Jonty Moran from Limpsfield recently asked for information on equity release. Mr and Mrs Tipping from Englefield Green recently asked for information on family income benefit. Mariyah and Brendan Flower from Molesey recently enquired about offshore investments. Danielle and Zack Larkin from Badshot Lea, Surrey recently asked for information on mortgages. Eliot Leach and Kathleen Leach from Warlingham recently asked for information on pensions. Arian and Hettie Shipley from Chilworth, Surrey recently enquired about equity release.
Financial Advisors Near Epsom
Also: Worcester Park financial advisors, Ashtead financial advisors, Langley Vale financial advisors, Belmont financial advisors, Esher financial advisors, Leatherhead financial advisors, Tattenham Corner financial advisors, West Ewell financial advisors, Oxshott financial advisors, Cheam financial advisors, Carshalton financial advisors, Chessington financial advisors, Nork financial advisors, Banstead financial advisors, Sutton financial advisors, Burgh Heath financial advisors, East Ewell and more.
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Financial Advisors Around Epsom: Households in Castle Parade, Station Approach, St Marys Close, Delaporte Close, Christchurch Place, Tintagel Close, Tealing Drive, Amberley Gardens, Dirdene Grove, The Headway, Castle Avenue, Chalk Paddock, Cedar Hill, Crabtree Lane, Chelwood Close, Cotherstone, Cherwell Court, Dorling Drive, Dell Road, Amis Avenue, The Spinney, Denewood, Drummond Gardens, Avenue Road, Beverley Close, Sherborne Close, St James Close, College Road, Stoneleigh Broadway, have needed financial advice just recently. Financial advisors have also been active in the following local Epsom postcodes: KT17 2BZ, KT17 2DN, KT17 1QW, KT17 2HF, KT17 1JE, KT17 1WZ, KT17 2HG, KT17 1EL, KT17 1EE, KT17 1DP.
Financial Advisor Jobs Epsom: Browse financial adviser jobs in Epsom by clicking here: Financial Advisor Jobs Epsom
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More Surrey Financial Advisors: More Weybridge, Leatherhead, Epsom, Staines, Reigate, Walton-on-Thames, Farnham, Chertsey, Camberley, Addlestone, Sunbury-on-Thames, Godalming, Esher, Guildford, Haslemere, Dorking, Cranleigh, Horley, Ash, Ewell, Hersham, Woking, Banstead, Windlesham, Redhill, Caterham and Molesey.:
Independent financial advisor in KT17 area, (dialling code 01372).
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