Financial Advisor Ewell Surrey (KT17): If you're in search of financial advice for the first time, trying to find a first-rate financial advisor advisor in Ewell can be a quite daunting experience. Whether it's pensions, mortgage, investments or even insurance advice that you are searching for, there's one common rule for all qualified financial advisors; they all have to comply with Financial Conduct Authority (FCA) regulations. This comes with certain guarantees, so after taking advice from a FCA authorised financial advisor in Ewell, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman Scheme, if if things go awry.
A decent starting point when picking a financial advisor in Ewell could be friends and relatives, but keep in mind that the type of advice you are searching for could be different to theirs. Any advice they offer should be adapted to your particular circumstances, and every financial advisor isn't suitable for everybody. To explore the various options that they can provide and find a financial advisor that you feel comfortable with and can trust, it is a good idea to speak to at least 3 different companies, because choosing a financial advisor is an important decision.
Independent financial advisors (IFA) and restricted advisors, are the 2 principal types of financial advisor in Ewell. An IFA will not be limited to a single company's products and services. Independent financial advice should cover the entire gamut of financial companies and products, and must be offered in an unbiased way. If you decide to use an IFA, you'll be able to choose from the widest possible array of products, in order to find the perfect solution for you. A restricted financial advisor could be limited to products and services from a specific company, or might even concentrate on one particular product, as can happen with a mortgage advisor.
The Financial Conduct Authority requires that any financial advisor in Ewell must fully discuss their charges with you, before taking you on as a client. Although it varies contingent on the kind of service or product you are looking for, there could be an hourly rate, a set fee, or you might even be charged a slice of what you're investing. You could be offered a free initial consultation to allow you to discuss your aims and see if the advisor is the proper choice for you and your circumstances. In some larger Ewell firms, you might find that your account is being looked after by a team rather than an individual.
Before any actual advice is given you'll need to fill out a confidential disclosure document, called a "Fact Find" form, which informs the advising firm about your financial situation and objectives. You should also be given an Initial Disclosure, or Key Facts Document, which provides you with information regarding the financial advisor, their status to offer restricted or independent advice and their range of permissions in the financial market. This document will also make clear your own rights and the possible options you can take if you are not happy with the service provided, and would like to complain. It should be typed out in plain English and describe what you're committing yourself to, and any potential risks and benefits if you choose to go along with the advice offered. The Key Facts Document will also inform you of the allowed cooling-off period. Within a specific time period, this makes it possible for you to cancel the agreement with your financial advisor.
You'll want to check the experience and qualifications of the financial advisor when you first speak with them. Do not be embarrassed about asking such questions, after all you are just about to entrust your financial wellbeing to their skill. A Level 4 qualification is the minimum required certification for any Ewell financial advisor, and they must also be able to show an annual Statement of Professional Standing. When you check the Financial Services Register, you don't need to stress if your specific financial advisor's name does not show up on there; you will probably locate the firm name, and that means the regulations covers all of their advisors. If these can't be provided the person may still offer financial guidance as opposed to advice. Guidance is not subject to regulations in the same way as financial advice, which means that if errors arise neither party will have any recourse.
If you are looking for advice on investing money you will be asked the amount of risk you are ready to accept. Most investments carry some element of risk, but high risk investments may offer bigger rewards, but also more chance of losing your cash. Good financial and investment advice will take you savings goals into consideration, i.e. how rapidly you need access to your money, how much you have to invest and short or long term investments. You must always ask yourself the one crucial question, how much can you actually afford to lose. This might affect the products and services that could be offered for your consideration, and is commonly called your capacity for loss.
From the outset, it is crucial that you tell your financial advisor about any existing mortgage loans, regular payments, savings or investments that you currently have. They'll need to know this, so that they can get a clear picture of your financial situation and give the appropriate advice for your needs. Diversifying your savings and investments by spreading the risk across various different products, is a vital part of good quality financial advice. Having a knowledge of the best areas to consider, a certified financial advisor will favour products that fit in with your goals and financial circumstances.
Your financial advisor will communicate in as much plain speech as possible, while unmasking the multifaceted world of finance. This will allow you to compare services and products which match your needs, and make an informed decision. If the environment is important to you, you could even ask that ethical investment and savings schemes take precedence. This does not just give you investment opportunities, but also enables you to lend your support to green energy or zero carbon projects, and keep clear of businesses that do not share the same values.
Working alongside a financial advisor in Ewell can be challenging to manage around work and other obligations. Face-to-face appointments can be supplemented with telephone and video conferencing to enable you to seek advice at times that suit you. A competent financial advice firm in Ewell will have stringent measures in force to keep your details secure and confidential, even if you never have a face-to-face meeting with your advisor, because home and remote working is now so common.
You need to understand that the financial world is an unpredictable sector, and the value of your investments could just as easily go down as well as up. If it just so happens that your investment is not making the amount of money you hoped for, it can be a very stressful and frustrating time. However, except if it's down to misleading or incorrect information from your advisor a downward trend in your investment is not a recognised basis for complaint.
The company's official complaints procedure should be the best place to start with any disputes, and the Key Facts Document will discuss this. You can tell the Financial Ombudsman about the problem if it is unsolved within the time set out by the regulating body, and your advisor is a member of the FCA.
After reviewing the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. If it is found that the complaint is justifiable, a decision is made on how the customer can be compensated. On acceptance by the customer, the ruling becomes legally binding, and the advisor and their company must comply with it. Any hassle, inconvenience, distress and annoyance caused to the client during the situation, will be taken into account when the Ombudsman sets the level of compensation.
Financial advice can be provided in Ewell and also in nearby places like: Banstead, Chessington, Sutton, East Ewell, Worcester Park, Claygate, Belmont, Cheam, Hook, Tolworth, Motspur Park, Malden Manor, Epsom, West Sutton, West Ewell, Stoneleigh, as well as in these postcodes KT17 3ET, KT17 1LT, KT17 3DN, KT17 1DW, KT17 1JH, KT17 1LE, KT17 1AX, KT17 1SX, KT17 1QX, KT17 2DU. Locally based Ewell financial advisors will probably have the postcode KT17 and the telephone code 020. Click on the "enquiry" form or banner to get details about financial advisors in your area.
Ewell Financial Advice Services
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A Financial Advisor's Daily Tasks
- Keeping detailed records of transactions and customers.
- Keeping fully abreast of legislation changes and new products.
- Researching financial products and explaining them clearly and simply to clients.
- Speaking with customers about their finances and plans.
- Providing consultation, education and counselling with regards to finances and investments.
- Meeting performance and sales targets.
- Producing in-depth financial reports.
- Working in conjuction with colleagues to collect market information, statistics and trends.
- Collaborating with providers of financial products.
- Updating customers concerning their investments.
Financial Advisors Near Ewell
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Financial Advisors Around Ewell: Financial advisors were recently requested by folks living in Ewell House Grove, Reigate Road, Hazel Mead, West Street, Park Hill Road, Ewell Downs Road, Village Gardens, Persfield Close, Glyn Close, Corbet Road, Epsom Road, Nursery Close, The Mount, Larby Place, London Road, Church Street, Hampton Grove, Hessle Grove, Elm Road, Cheam Road, Longdown Lane North, Seymour Mews, Wallace Fields, Mount Pleasant and these Ewell postcodes: KT17 3ET, KT17 1LT, KT17 3DN, KT17 1DW, KT17 1JH, KT17 1LE, KT17 1AX, KT17 1SX, KT17 1QX, KT17 2DU.
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Independent financial advisor in KT17 area, telephone code 020.
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