Financial Advisor Faversham Kent (ME13): Locating a reliable financial advisor advisor in the Faversham area can be a challenging experience, especially if you are needing financial advice for the very first time. Whether you're looking for pension, mortgage, investment or even insurance advice, all professional financial advisors have one thing in common; they all have to stick to the regulations laid down by the Financial Conduct Authority (FCA). The benefit of this is that should a financial advisor who is FCA registered give you bad advice, and anything goes wrong, you've got guarantees, and are able to get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get it put right.
When picking a financial advisor in Faversham, a good place to begin could be friends and neighbours, but you must keep in mind that your situation might not be the same as theirs, and you may be in need of a different sort of advice. Not every financial advisor is suitable for everyone, and their advice needs to be tailored to your particular circumstances. Picking a financial advisor is a major decision and it pays to talk with at least three different firms in order to investigate the options they can provide, and to find one that you can trust and feel comfortable with.
There are 2 main kinds of financial advisor in Faversham; independent financial advisors and restricted advisors. The benefit of seeing an independent financial advisor is that they won't be confined to a single company's services and products, and can offer a wide range of options. Independent financial advice must be provided in a frank and impartial way and should cover the entire gamut of financial companies and products. If you opt to use an independent financial advisor, you will be able to select from the widest possible range of services, so as to find the right solution for your needs. A restricted financial advisor might be concerned with an individual product, such as a mortgage advisor, or be limited to products and services from a single provider.
The FCA demands that any financial advisor in Faversham must fully discuss their charges with you, before taking you on as a client. According to the services you're looking for, you could be charged a set fee, by the hour or maybe even a percentage of your investment value. To discuss your objectives and determine whether the advisor is the correct fit for your situation, you might be offered the possibility of a free initial consultation. Your account might be managed by a team as opposed to a single advisor, if you decide to use one of the bigger firms in Faversham.
You'll be asked to complete a "Fact Find" form, which is a confidential disclosure document relating your financial situation and goals to the advising firm. To provide details about the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial arena, you'll also be given a Key Facts or Initial Disclosure Document. This document will also set down your own rights and the possible options you can take if you are not satisfied with the service provided, and need to complain. It should outline what you're signing up for, and any potential benefits and risks should you decide to take the advice offered, and it must be laid out in plain language. The Key Facts Document should also tell you about the cooling-off period. Within a specific period of time, this makes it possible for you to cancel your contract.
The very first time you're talking with the financial advisor ensure that you check what experience and qualifications they have. You shouldn't be embarrassed about asking such questions, after all you are about to entrust your long-term financial wellbeing to their skill. A Level 4 qualification is the minimum qualification for any Faversham financial advisor, and they also have to be able to present you with an annual Statement of Professional Standing. If the advisor's name does not appear on the Financial Services Register, don't freak out, the company the individual works for will almost certainly be on the register and their advisors will be covered by the regulations. If these can't be presented the person can still offer financial guidance instead of advice. Guidance is different to advice as it is not regulated in the same way, and if financial mistakes occur there may be no recourse to the client.
You will be asked the level of risk you are ready to accept, if you are seeking advice on investing money. Higher rewards could be possible with high risk investments, however you stand a greater chance of losing some or all of your capital. In order to get the very best financial and investment advice, your savings objectives will need to be considered, i.e. how much money you want to invest, how rapidly you need to access your funds and long or short term investments. You should invariably ask yourself the one important question, how much can you actually afford to lose. Referred to as your capacity for loss, this will very likely have an effect on services and products that you're offered.
You need to let your financial advisor know about any current investments, regular outgoing payments, mortgages or personal savings. To ensure that you get the most suitable advice for you, they need to gather a full and clear picture of your finances. Sound financial advice should include diversifying your investments and savings by spreading the risk across various products. Having an understanding of the best areas to consider, an experienced financial advisor will favour products that most closely fit in with your financial circumstances and goals.
Your financial advisor will attempt to communicate in the clearest possible way, to reveal the complex world of finance. You should be able to make an informed decision when you have learned about the various services and products that meet your needs. If you are environmentally minded, you could even ask your financial advisor to stick to ethical savings and investment schemes. This allows you to support organisations and firms that address your concerns, e.g. renewable energy or zero carbon, or perhaps steering clear of businesses that don't meet your standards.
It could prove difficult to manage your work day and other obligations around working closely with a financial advisor in Faversham. To allow you to get advice at a time to suit you, face-to-face appointments can be complemented with video conferencing and phone calls. Remote and home working is now so common, and an established financial advice firm in Faversham will have rigorous measures in place to ensure your details are kept confidential and secure, even if you never have an in-person meeting with your personal advisor.
Investments can go down as easily as they can go up, as the financial world can be volatile. It can be quite demoralising and worrying if your investment isn't making the amount of money you hoped for. Regrettably, a downward trend in your investment isn't seen as a grounds for complaint, unless it's because of incorrect or misleading information from your financial advisor.
Any disputes should begin with the firm's official complaints procedure as described in the Key Facts Document. If the issue is unresolved within the time stipulated by the regulating body, and your advisor is a member of the FCA, you can inform the Financial Ombudsman.
The Financial Ombudsman will look into the cause of the complaint and come to a decision. A decision is made on how to financially compensate the client, if the complaint is justified. The advisor and their company must abide by any ruling that is made, which becomes legally binding as soon as the client has agreed to it. The Ombudsman will also consider any inconvenience, annoyance, distress and trouble caused to the client during the dispute, and set the level of compensation accordingly.
Financial advice can be provided in Faversham and also in nearby places like: Painters Forstal, Murston, Luddenham, Ospringe, Oare, Graveney, Yorkletts, Teynham, Norton, Conyer, Newnham, Selling, Eastling, Shieldwich, Dargate, Lynsted, Seasalter, Hernhill, and in these postcodes ME13 7FH, ME13 7JJ, ME13 3BE, ME13 7NL, ME13 7LS, ME13 7PN, ME13 7NX, ME13 7DT, ME13 7LZ, ME13 7PB. Local Faversham financial advisors will likely have the telephone code 01795 and the postcode ME13. Simply click on the "enquiry" banner or form to get info on financial advisors in your area.
Faversham Financial Advice Services
There are a wide range of services which can be provided by your local Faversham financial advisor including cashflow analysis Faversham, financial planning in Faversham, divorce planning in Faversham, business financial planning Faversham, investment planning Faversham, pension consolidation advice Faversham, financial analyst services Faversham, tax advice, ISA's Faversham, portfolio management in Faversham, equity release advice Faversham, mutual funds in Faversham, will writing services, investment planning in Faversham, annuities, pension advice in Faversham, wealth management & investments, independent financial advice, cash flow modelling, pension transfer advice Faversham, personal financial planning, financial advice services, pension planning, trustee investment services, inheritance tax planning, and more.
Regular Tasks of a Financial Advisor
- Financial advisors research financial products and explain them simply and clearly to their clients.
- Financial advisors keep detailed records of transactions and clients.
- Financial advisors meet targets for performance and sales.
- Financial advisors produce financial reports.
- Financial advisors chat with clients regarding their plans and finances.
- Financial advisors keep fully up to date with law changes and new products.
- Financial advisors update clients regarding their investments.
- Financial advisors work in conjuction with associates to obtain statistics, trends and market information.
- Financial advisors collaborate with financial product providers.
- Financial advisors provide consultation, education and counselling with regards to investments and finances.
Skills and Knowledge Needed by a Financial Advisor
- Effective skills in customer service for identifying customer requirements and needs.
- Outstanding verbal communication skills.
- A competent level of mathematical knowledge for building financial packages.
- To have the ability to listen attentively
- The ability to sell services and products.
- To have the ability to network and establish solid relationships with customers.
- To be able to competently use a computer and the key software.
- A thorough understanding of economics and accounting associated with financial markets and products.
- To be goal driven.
- Good management skills for the negotiation of product prices.
- To be thorough and pay attention to detail.
Financial Advisors Near Faversham
Also: Painters Forstal financial advisors, Conyer financial advisors, Dargate financial advisors, Graveney financial advisors, Yorkletts financial advisors, Selling financial advisors, Shieldwich financial advisors, Murston financial advisors, Hernhill financial advisors, Luddenham financial advisors, Eastling financial advisors, Seasalter financial advisors, Oare financial advisors, Newnham financial advisors, Norton financial advisors, Teynham financial advisors, Ospringe financial advisors, Lynsted and more.
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Financial Advisors Around Faversham: Some Faversham areas and roads where financial advice has recently been given - School Road, Clockhouse, Amos Close, Staple Street Road, The Crescent, Briton Road, Abbey Fields Court, Belmont, Cobham Chase, Chart Close, Stone Street, Albion Place, Bysing Wood Road, Colegates Court, Stoney Road, Canterbury Road, Stonebridge Way, The Leas, Cyprus Road, Aldred Road, Cedar Terrace, Bagshill Road, Courtenay Road, St Pauls Crescent, Dark Hill, Barnes Close, Spuckles, Bayfield, Belmont Road, as well as these Faversham area postcodes: ME13 7FH, ME13 7JJ, ME13 3BE, ME13 7NL, ME13 7LS, ME13 7PN, ME13 7NX, ME13 7DT, ME13 7LZ, ME13 7PB.
Faversham: Learn about Faversham here
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Independent financial advisor in ME13 area, telephone code 01795.
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