Financial Advisor Felixstowe Suffolk (IP11): It can be a daunting experience trying to locate a good independent financial advisor in the Felixstowe area, particularly if it's the very first time that you're needing financial advice. Whether it's pension, investments, mortgage or even insurance guidance that you are looking for, there's one common rule for all qualified financial advisors; they must all observe Financial Conduct Authority (FCA) regulations. This comes with various guarantees, thus after taking advice from a FCA authorised financial advisor in Felixstowe, you can seek recompense from the Financial Ombudsman or the Financial Services Compensation Scheme, if if things go wrong.
When selecting a financial advisor in Felixstowe, a decent place to begin could be friends and relations, however you must bear in mind that your circumstances might not be the same as theirs, and you might need a different kind of advice. Financial advice needs to be specifically tailored to your unique circumstances, and you will find that some financial advisors may not be suitable for your requirements. Choosing the right financial advisor is crucial and it is wise to speak to at least three different firms in order to check out the various options they can provide, and to find one that you can trust and feel comfortable with.
Restricted advisors and independent financial advisors, are the two principal types of financial advisor in Felixstowe. An independent financial advisor won't be limited to a single provider's services and products. Encompassing the entire gamut of financial companies and products, independent financial advice should be offered in an honest and unbiased way to customers. Consulting an independent financial advisor should permit you to pick from the widest possible range of products. A restricted advisor may be concerned with a single product, as with a mortgage advisor, or be restricted to products and services from one particular firm.
The Financial Conduct Authority demands that any financial advisor in Felixstowe must tell you about their charges, before taking you on as a client. Dependant upon the type of service you're looking for, you could be charged a set fee, by the hour or perhaps even a slice of your investment value. A free first consultation could be offered, so you can discuss your objectives and situation to see if the advisor is the best fit. If you use one of the larger Felixstowe firms, your account might be handled by a team of advisors rather than just one individual.
Before any financial advice is handed out you will be asked to complete a confidential disclosure form, known as a "Fact Find" document, which informs the advising company about your financial situation and targets. A Key Facts or Initial Disclosure Document will also be given to you, providing information regarding the financial advisors themselves, detailing the scope of their permissions in the financial sector and their situation for offering restricted or independent advice. This document should also make clear your legal rights and the options you can take if you aren't happy with the service, and need to complain. It should detail precisely what you are signing up for, and any potential benefits and risks should you opt to accept the offered advice, and it must be written in plain English. This document must also tell you about the cooling-off period. This makes it possible for you to cancel the agreement within a specific time frame, and whenever any penalty charges are incurred.
Make sure you check the experience and qualifications of the financial advisor the first time you talk to them. You shouldn't be self-conscious about asking such questions, after all you're just about to entrust your financial future to their skill. A Level 4 qualification is the minimum required qualification for any financial advisor in Felixstowe, and they must also be in a position to show an annual Statement of Professional Standing. You don't need to freak out if your financial advisor's name doesn't appear on the Financial Services Register, as long as the company is listed on the register, their employees are covered by the legislation. The person can still offer financial guidance rather than advice, if these cannot be provided. In financial terms guidance differs to advice and isn't regulated in the same way. Therefore there's no recourse for either party if mistakes occur.
If you are needing advice on investments you will be asked about the amount of risk you are ready to take. Many investments carry some degree of risk, but higher risk investments could potentially offer higher rewards, but also more chance of losing your funds. In order to get the most effective financial and investment advice, your savings objectives will have to be taken into account, i.e. how much cash you want to invest, short or long term investments and how rapidly you need access to your money. One question you should ask of yourself, which is often ignored, is just how much you can really afford to lose. This is known as your capacity for loss and could influence the services and products that are offered to you.
If you've already got any existing savings, regular outgoings, mortgages or investments, you have to tell your financial advisor about these. They'll need these details, so that they can get a clear picture of your financial circumstances and give the appropriate advice for you. Good financial advice should allow for diversifying your investments and savings by spreading the risk load across different products. A professional financial advisor in Felixstowe will be aware of the best areas to consider, which mirror your financial situation and your goals.
Your financial advisor will attempt to communicate in the clearest possible way, while revealing the multifaceted world of finance. You should be able to make an informed and educated decision when you have compared the various services and products that match your needs. If environmental issues are at the forefront of your mind, you could perhaps ask that ethical savings and investment schemes take top priority. You will then be able to keep away from investments that companies meet your standards, and instead support those organisations and firms that address your concerns, for example renewable energy or zero carbon.
Having constant interactions with your financial advisor in Felixstowe could create complications with your work and other responsibilities. To allow you to seek advice at a time to suit you, face-to-face meetings can be augmented with video conferencing and phone calls. Home and remote working is now a large part of our society, and an established financial advice company in Felixstowe will have stringent measures in place to ensure your details are kept confidential and secure, even if you never have a one-to-one meeting with your personal advisor.
Investments can easily go down as well as up, because the financial sector can be volatile. If your investment fails to make as much money as you were hoping for, it can be very frustrating and stressful. Your investment having a downward trend is not seen as a cause for complaint, unless your advisor has supplied you with misleading or incorrect information.
Any disputes should commence with the company's complaints procedure as outlined in the Key Facts Document. You can let the Financial Ombudsman know about the situation if it is unresolved within the time period laid down by the regulating body, and your advisor is a member of the FCA.
The Financial Ombudsman will make a ruling after independently reviewing the cause for complaint. If the complaint is upheld, a decision is made on how to financially compensate the customer. On acceptance by the customer, the decision will become legally binding, and the advisor and their firm must comply with it. Any inconvenience, trouble, distress and annoyance caused to the customer during the dispute, will be accounted for when the Financial Ombudsman fixes the level of compensation.
Financial advice can be provided in Felixstowe and also in nearby places like: Shotley, Chelmondiston, Nacton, Trimley Saint Mary, Kirton, Harwich, Bucklesham, Trimley, Levington, Old Felixstowe, Brightwell, Newbourne, Walton, Alderton, Trimley St Martin, Warren Heath, and in these postcodes IP11 2FD, IP11 2HE, IP11 0WT, IP11 2DS, IP11 2FA, IP11 2AE, IP11 2BU, IP11 2DF, IP11 2HT, IP11 2NE. Local Felixstowe financial advisers will most likely have the phone code 01394 and the postcode IP11. Simply click the "enquiry" form or banner to get details about financial advisors in your location.
Skills and Knowledge Required by a Financial Advisor
- Excellent verbal communication skills.
- To pay attention to detail and be thorough.
- An excellent knowledge of accounting and economics associated with financial markets and products.
- To be able to network and establish solid relationships with clients.
- Effective business management skills for negotiating product prices.
- Good skills in customer service for determining client needs.
- Active listening skills.
- To have a flexible work ethic.
- A competent level of numeracy for developing financial packages.
- To be good at promoting products and services.
- To have good IT skills.
Suffolk Financial Advisors
In the Suffolk area you'll additionally find: Barham financial advice, Hitcham financial advice, Hollesley investment advisors, Great Barton investment advice, Boxford investment advisors, Honington investment advisors, Glemsford investment advisors, Rickinghall investment advisors, Rattlesden investment advice, Stowmarket financial advice, Great Thurlow investment advisors, Great Blakenham financial advisors, Great Thurlow investment advice, Clare investment advice, Wenhaston financial advice, Framlingham financial advice, Wenhaston investment advisors, Mildenhall financial advice, Framlingham financial advisors, Wissington investment advisors, Hadleigh investment advice, Oulton Broad investment advisors, Sicklesmere financial advice, Troston financial advisors, Gislingham investment advisors, Sutton investment advisors, Fornham All Saints financial advice, Pakenham financial advisors, Kessingland financial advice.
Suffolk Financial Advice Enquiries
The latest Suffolk financial advice enquiries: Anabelle and Hayden Deacon from Great Finborough recently asked for information on mortgages. Indigo and Bruno Fryer from Exning recently enquired about life assurance. Mr and Mrs Mccullough from Blundeston recently enquired about family income benefit. Hattie and Jonah Pilkington from Stradbroke recently asked for information on family income benefit. Evie Lopez from Hadleigh, Suffolk recently enquired about investment bonds. Zayne and Kamila Mather from Shotley Gate recently asked for information on pensions. Ayla Odonnell and Rhys Odonnell from Leiston, Suffolk recently enquired about pension advice. Bobbi Bone from Martlesham, Suffolk recently enquired about equity release.
Felixstowe Financial Advice Services
There are a wide array of services that can be provided by your local Felixstowe financial advisor including wealth management & investments Felixstowe, cashflow analysis Felixstowe, pension transfers in Felixstowe, independent financial advice, bridging finance, income protection, pension drawdowns, cash flow modelling, offshore investments, general financial planning, equity release, life assurance advice Felixstowe, unit trusts, corporate financial planning, personal financial planning Felixstowe, tax planning, pension plans Felixstowe, long term care fee planning, will writing services, pension advice, divorce financial planning, family income benefit, financial planning, financial advice services, financial analyst services, and lots more.
Financial Advisors Near Felixstowe
Also: Walton financial advisors, Trimley St Martin financial advisors, Kirton financial advisors, Shotley financial advisors, Trimley Saint Mary financial advisors, Nacton financial advisors, Warren Heath financial advisors, Chelmondiston financial advisors, Harwich financial advisors, Trimley financial advisors, Brightwell financial advisors, Levington financial advisors, Old Felixstowe financial advisors, Bucklesham financial advisors, Newbourne financial advisors, Alderton and more.
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Financial Advisors Around Felixstowe: Folks who live in the following roads have recently enquired about financial advice - Dains Place, Deben Way, Brandon Road, Buregate Road, Croutel Road, Stennetts Close, The Josselyns, St Marys Crescent, Brightwell Close, The Courts, The Avenue, Barn Field, The Ferry, Cowley Road, Chevalier Road, Addington Road, Spriteshall Lane, Second Avenue, Dukes Close, Blue Barn Close, Chatsworth Crescent, Brackley Close, Sandy Close, The Kempsters, Springfield Avenue, Taunton Road, as well as the following local Felixstowe postcodes: IP11 2FD, IP11 2HE, IP11 0WT, IP11 2DS, IP11 2FA, IP11 2AE, IP11 2BU, IP11 2DF, IP11 2HT, IP11 2NE.
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Independent financial advisor in IP11 area, telephone code 01394.
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