Financial Advisor Exmouth Devon (EX8): It can be a daunting experience trying to find a first-rate independent financial advisor in the Exmouth area, particularly if it's the first time that you are seeking financial advice. Whether it's pension, investment, mortgage or even insurance guidance that you're searching for, there is one common rule for all professional financial advisors; they must all comply with FCA (Financial Conduct Authority) regulations. This comes with various guarantees, thus after taking advice from a FCA certified financial advisor in Exmouth, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman Scheme, if something should go wrong.
A good starting point in choosing a financial advisor in Exmouth could be family and friends, but remember that the sort of advice you are searching for might be different to theirs. Every financial advisor isn't suitable for everyone, and any advice they provide should be adapted to your unique circumstances. Picking the right financial advisor is crucial and it is a good idea to speak to at least 3 different firms in order to explore the various options they can offer, and to find one that you can trust and feel at ease with.
When it comes to picking a financial advisor in Exmouth, there are 2 principal types; independent financial advisors and restricted advisors. An IFA will not be confined to the products and services of a single provider. Encompassing the whole spectrum of financial products and companies, independent financial advice should be given in a frank and unbiased way to clients. This will allow you to pick from the widest possible range of products to meet your needs. If you use a restricted financial advisor you'll find that they could be restricted to services and products of one particular firm, or as in the case of a mortgage advisor, might only be focused on one solitary product.
Before any Exmouth financial advisor takes you on as a client, they're required by the FCA to be fully transparent with you about their charges. Although it can vary dependant upon the kind of service you require, there may be an hourly rate, a set fee, or you could even be charged a proportion of the money you are investing. You might be offered the chance of a free preliminary consultation to enable you to discuss your goals and find out if the advisor is a good fit for you and your circumstances. Your account might be looked after by a team as opposed to a single advisor, if you choose to go with one of the bigger companies in Exmouth.
To summarise your financial situation and targets to the advising company, you'll be asked to complete a "Fact Find" document, which is a confidential disclosure form. An Initial Disclosure, or Key Facts Document will also be given to you, providing information regarding the financial advisors themselves, outlining the extent of their permissions in the financial arena and their status to offer independent or restricted advice. Your own rights should also be spelled out in this document, together with the possible options you can take if you want to complain because you're not happy with the service you are given. It should detail what you are signing up for, and any potential risks and benefits that exist should you choose to take the advice offered, and it has to be set down in plain English. This document will also inform you about the cooling-off period. Within a specific time frame, this makes it possible for you to cancel the contract with your financial advisor.
The first time you're chatting with the financial advisor you need to check what experience and qualifications they've got. After all you are on the verge of entrusting your long-term financial wellbeing to their expertise, so you must not be embarrassed about asking these questions. A Level 4 qualification is the minimum required qualification for any Exmouth financial advisor, and they also have to be able to provide you with an annual Statement of Professional Standing. If the advisor's name does not show up on the Financial Services Register, don't stress, the firm the person works for should be found on the register and their employees are all covered by the legislation. If they are unable to provide this proof, the individual can't offer advice but is able to offer financial guidance. Guidance is different to advice as it's not regulated in the same way, and if errors occur there will likely be no recourse to either party.
If you are looking for advice on investing money you will be asked about the level of risk you're ready and able to take on. Substantial rewards might be possible with high risk investments, however you could also lose some or all of your funds. In order to get the most effective investment and financial advice, your savings objectives must be given careful consideration, i.e. long or short term investments, how rapidly you need to access your money and how much capital you want to invest. "How much money can you truly afford to lose?" Is the one important question that you should really be asking yourself. This might influence the services and products that could be offered for your consideration, and is generally referred to as your capacity for loss.
If you already have any current regular outgoing payments, savings accounts, investments or mortgage loans, you'll want to 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 correct advice for your needs. Diversifying your investments and savings by spreading the risk across different products, is an essential part of good quality financial advice. A competent financial advisor in Exmouth will understand the best areas to consider, which reflect your goals and your financial situation.
Your financial advisor will try to communicate in as plain a speech as possible, to open up the multifaceted world of finance. You should be in a position to come to an informed decision once you have learned about the various services and products which meet your needs. If you're environmentally minded, you can ask your advisor to stick to ethical investments and savings. This allows you to lend support to firms and enterprises which match your concerns, i.e. renewable energy or zero carbon, or perhaps staying away from corporations that do not meet your requirements.
Working together with your financial advisor in Exmouth can be challenging to fit in around your work life and other commitments. This can be alleviated by augmenting one-on-one appointments with video conferencing and telephone, hence enabling you to seek the advice you need at times that are convenient. Even if you hardly ever have a one-on-one meeting with your personal advisor, an experienced financial advice company in Exmouth will have stringent measures in place to keep your details secure and confidential, because remote and home working is now so common.
You have to remember 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 the amount of money you were hoping for, it can be extremely stressful and disheartening. Sadly, a downward spiral in your investment is not a recognised cause for complaint, unless of course it is down to wrong or misleading information from your financial advisor.
As described in the Key Facts Document, any grievances should start out with the company's official complaints procedure. If the issue remains unresolved within the time schedule set by the regulating authority, and the financial advisor is registered with the FCA, you can inform the Financial Ombudsman.
After looking into the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. A decision is made on how to financially compensate the client, if the complaint is upheld. This will become legally binding once it has been accepted by the client, and the advisor and their company must abide by the decision. Any annoyance, inconvenience, distress and hassle caused to the customer during the dispute, will be considered when the Ombudsman sets the level of compensation.
Financial advice can be provided in Exmouth and also nearby in: Woodmanton, Budleigh Salterton, Topsham, Brixington, Hulham, Lympstone, Withycombe Raleigh, Exeter, Woodbury, Courtlands Cross, Bystock, Sandy Bay, Exton, Littleham, Knowle Village, and in these postcodes EX8 1AT, EX8 1QJ, EX8 1AU, EX8 1JJ, EX8 1SS, EX8 1HZ, EX8 1DW, EX8 1HY, EX8 1DT, EX8 1PT. Locally based Exmouth financial advisors will probably have the postcode EX8 and the dialling code 01395. Simply click on the "enquiry" banner or form to get details about financial advisors in your area.
A Financial Advisor's Daily Duties
- Making deals with with providers of financial products.
- Keeping fully up to date with legislation changes and new financial products.
- Talking to customers regarding their plans and finances.
- Maintaining a record of potential transactions and customers.
- Working together with associates to collect trends, statistics and market information.
- Constantly updating clients about their investments.
- Providing education, counselling and consultation regarding finances and investments.
- Producing in-depth financial reports.
- Meeting performance and sales targets.
- Researching financial products and explaining them simply and clearly to clients.
Exmouth Financial Advice Services
There is a wide range of services which are provided by your local Exmouth financial advisor including tax advice in Exmouth, business financial planning, mutual funds, life assurance advice, financial services, personal financial planning, bridging finance, financial planning, independent financial advice, corporate financial planning Exmouth, corporate bonds, retirement advice, mortgage services Exmouth, financial analyst services in Exmouth, pension transfer advice, portfolio management, investment planning in Exmouth, income protection, stakeholder pensions, cheap financial advice, long term care fee advice, pension drawdowns, ISA's, will writing services, annuity purchase, and more.
Devon Financial Advisors
In Devon you'll also locate: Bow investment advice, Horrabridge financial advisors, Bampton financial advisors, Walkhampton investment advice, Yelverton investment advisors, Ilsington investment advisors, Buckfastleigh investment advice, Kilmington financial advice, Kenton financial advice, Copplestone investment advisors, Sidmouth financial advice, Kingsbridge investment advice, Uplyme investment advisors, Heathfield financial advisors, Berrynarbor investment advice, Swimbridge financial advice, Harberton investment advice, Thurlestone investment advisors, South Tawton financial advisors, Bere Ferrers investment advice, Bratton Fleming investment advisors, Bittaford financial advice, Colyton investment advice, Sampford Peverell investment advisors, Hennock financial advice, Starcross financial advisors, Ivybridge investment advisors, Hartland investment advice, Woolacombe financial advice.
Financial Advisors Near Exmouth
Also: Hulham financial advisors, Sandy Bay financial advisors, Bystock financial advisors, Exton financial advisors, Exeter financial advisors, Littleham financial advisors, Budleigh Salterton financial advisors, Woodmanton financial advisors, Brixington financial advisors, Lympstone financial advisors, Woodbury financial advisors, Courtlands Cross financial advisors, Withycombe Raleigh financial advisors, Knowle Village financial advisors, Topsham and more.
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Financial Advisors Around Exmouth: Some Exmouth areas and roads where financial advice has recently been given - Barrowdale Close, Combourg Close, Spiders Lane, The Hollows, Sadler Close, Diane Close, Copperfield Close, Colleton Close, Summer Close, Bystock Mews, Albion Street, Bradham Lane, Ashleigh Road, Ash Grove, Bicton Place, Cheriswood Avenue, Clay Lane, Chapel Road, Buckingham Close, The Marles, Claredale Road, Sowden Lane, School Hill, Caroline Close, Colvin Close, Springfield Road, Admirals Walk, Scott Drive, Spencer Close, Belvedere Road, as well as the following Exmouth area postcodes: EX8 1AT, EX8 1QJ, EX8 1AU, EX8 1JJ, EX8 1SS, EX8 1HZ, EX8 1DW, EX8 1HY, EX8 1DT, EX8 1PT.
If you want local Exmouth information go here
Independent financial advisor in EX8 area, 01395.
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