Financial Advisor Fenton Staffordshire (ST4): It can be an intimidating experience trying to find a good independent financial advisor in Fenton, particularly if it's the very first time that you are needing financial advice. Whether you're looking for mortgage, investments, pension or even insurance advice, all professional financial advisors have one thing in common; they all have to stick to the regulations of the FCA (Financial Conduct Authority). Any advice given through a FCA authorised financial advisor in Fenton comes with guarantees that if things go awry, you can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
A good starting place in choosing a financial advisor in Fenton could be friends and neighbours, but remember that the kind of advice you are looking for may be somewhat different to theirs. Not every financial advisor is suitable for everyone, and their advice needs to be personalised to your particular circumstances. It is a good idea to talk to at least three different firms when you are choosing a financial advisor, since this is a major decision, and you'll be looking to find one that you can trust and feel at ease with, and check out the various options they can provide.
There are two main kinds of financial advisor in Fenton; restricted advisors and independent financial advisors. An independent financial advisor should not be restricted to a single provider's products and services. Independent financial advice should cover the whole gamut of financial products and companies, and must be given in an unbiased way. Using an IFA should allow you to select from the broadest possible range of services. A restricted financial advisor could be tied to services and products from a specific firm, or may even concentrate on a particular product, as in the case of a mortgage advisor.
Before any financial advisor takes you on as a client, they are required by the FCA to discuss their charges with you. Depending on the type of service you're looking for, you could be charged by the hour, a set fee or even a proportion of your investment value. You may be offered the possibility of a free initial consultation to allow you to discuss your aims and determine whether the advisor is the correct fit for you and your situation. Your account could be handled by a team as opposed to a single advisor, if you decide to go to one of the larger Fenton companies.
Before any actual advice is given you will be asked to fill in a confidential disclosure document, known as a "Fact Find" form, which informs the advising firm about your financial situation and desired goals. You'll also be given an Initial Disclosure Document, or Key Facts Document, which provides details about the financial advisor, their situation for offering restricted or independent advice and the extent of their permissions in the financial sector. This document will also lay out your rights and your options if you aren't satisfied with the service, and want to make a complaint. It should be typed out in plain English and detail what you're committing yourself to, and any possible benefits and risks if you decide to take the offered advice. The level of cooling-off period should also be spelled out in this Key Facts Document. This makes it possible for you to change your mind within a certain time period, and cancel your agreement with the financial advisor.
The very first time you're chatting with the financial advisor you should check what experience and qualifications they have. After all you are about to entrust your financial future to their skill, so you should not be self-conscious about asking these questions. All Fenton financial advisors must hold at least a Level 4 qualification and be able to present an annual Statement of Professional Standing. You should not worry if your financial advisor's name does not appear on the Financial Services Register, so long as the firm is on the register, their advisors will be covered by the regulations. If these can't be provided the person can still offer financial guidance as opposed to advice. Guidance is not subject to regulations in the way that financial advice is, which means that if mistakes arise neither party will have any recourse.
If you are seeking advice on investments you'll be asked the level of risk you're comfortable with. Most investments carry some element of risk, but high risk investments could potentially offer higher rewards, and also more likelihood of losing your money. Your savings goals will need to be taken into account if the best financial and investment advice is to be given, i.e. how quickly you need to access your money, how much you wish to invest and short or long term investments. You must invariably ask yourself the one crucial question, how much money can you actually afford to lose. This may influence the products and services that you're offered, and is sometimes referred to as your 'capacity for loss'.
If you already have any existing mortgages, personal savings, investments or regular outgoings, you'll want to let your financial advisor know about these. They will need this information, so they can get a clear picture of your finances and give the correct advice for you. Good quality financial advice should allow for diversifying your savings and investments by spreading the risk load across different products. A competent financial advisor in Fenton will have the knowledge of the best areas to consider, which match your financial situation and your goals.
A financial advisor will lay bare the multifaceted world of finance, and try to communicate in the clearest possible way. This will help you to compare products and services which match your needs, and make an informed decision. If you are mind is firmly on the environment, you could perhaps ask your advisor to stick to ethical savings and investment schemes. This allows you to lend support to companies and organisations that address your concerns, i.e. renewable energy or zero carbon, or perhaps keeping away from firms that do not meet your criteria.
It may prove challenging to manage your work day and other commitments around a close working relationship with a financial advisor in Fenton. To allow you to seek advice at a time to suit you, face-to-face meetings can be backed up with video conferencing and telephone. A professional financial advice provider in Fenton will have stringent measures in place to ensure your details are kept confidential and secure, even if you hardly ever have a one-on-one meeting with your personal advisor, because remote and home working is now so common.
You need to bear in mind that the financial sector can be unpredictable, and investment values can just as easily go down as well as up. If it just so happens that your investment isn't making the amount of money you hoped for, it can be an extremely worrying and frustrating time. A downward spiral in your investment isn't a recognised basis for complaint, unless your financial advisor has supplied you with misleading or incorrect information.
Any grievances should start out with the company's complaints procedure as laid out in the Key Facts Document. If your advisor is a member of the FCA, you can tell the Financial Ombudsman about the problem if it is unsolved within the timeframe set by the regulating authority.
The Financial Ombudsman will make a ruling after reviewing the cause of the complaint independently. If the complaint is justified, a decision will be made on how to financially compensate the customer. Once agreed on by the customer, the ruling becomes a legally binding one, and the advisor and their firm must abide by it. The Financial Ombudsman will also consider any trouble, inconvenience, distress and upset caused to the client during the situation, and establish the level of compensation proportionately.
Financial advice can be provided in Fenton and also nearby in: Longton, May Bank, Dresden, Mount Pleasant, Barlaston, Blurton, Hem Heath, Stoke-on-Trent, Weston Coyney, Blythe Bridge, Caverswall, Hanley, Tretham, Hanford, Adderley Green, Bucknall, together with these postcodes ST4 3AQ, ST4 3LA, ST4 4NR, ST4 3JP, ST4 3SS, ST4 3BJ, ST4 3JE, ST4 4PH, ST4 3LG, ST4 3HY. Local Fenton financial advisers will most likely have the postcode ST4 and the dialling code 01782.
Financial Advisors Staffordshire
In the Staffordshire area you will also find: Tunstall investment advisors, Endon investment advice, Drayton Bassett investment advisors, Lapley financial advice, Bilbrook investment advice, Alsagers Bank financial advice, Wimblebury investment advice, Huntington investment advisors, Longdon financial advice, Tutbury financial advisors, Cheadle financial advisors, Upper Tean financial advisors, Fenton financial advice, Wheaton Aston investment advisors, Denstone investment advice, Stone financial advice, Wigginton investment advice, Shenstone financial advice, Berkswich financial advisors, Shelton investment advice, Featherstone investment advisors, Whittington investment advisors, Huntington financial advice, Barlaston investment advisors, Yarnfield financial advisors, Drayton Bassett investment advice, Alsagers Bank financial advisors, Brindley Heath financial advice, Eccleshall financial advisors, Rugeley financial advisors.
Skills and Knowledge Required by a Financial Advisor
- To have the ability to network and establish relationships with customers.
- Outstanding skills in verbal communication.
- To be able to competently use a computer and the key software packages.
- A good understanding and knowledge of accounting and economics associated with financial products and markets.
- To pay attention to detail and be thorough.
- To have excellent time management skills.
- Good skills in customer service for establishing client needs.
- Excellent management skills for negotiating product prices.
- To be good at promoting financial services and products.
- An excellent level of mathematical knowledge for producing financial packages.
- To have the ability to listen attentively
Fenton Financial Advice Services
There is a range of services which can be provided by your local Fenton financial advisor including corporate financial planning in Fenton, income protection, pension planning, corporate bonds Fenton, cheap financial advice, general financial planning, personal financial planning, retirement advice, unit trusts, stakeholder pension advice, pension drawdowns, cashflow analysis, life insurance advice Fenton, ethical investment advice Fenton, long term care fee advice in Fenton, inheritance tax planning, pension reviews, offshore investment advice, ISA's Fenton, family income benefit, business planning Fenton, portfolio management Fenton, annuity purchase, mortgage services, annuities, and more.
Financial Advice Enquiries Staffordshire
Current Staffordshire financial advice enquiries: Essa and Roxanne Reilly from Burslem, Staffordshire recently enquired about equity release. Henrietta Hamill from Bridgtown recently asked for information on financial planning. Jasmin and Fox Judd from Kinver, Staffordshire recently asked for information on offshore investments. Elizabeth Underwood and Fox Underwood from Shenstone recently asked for information on family income benefit. Emmie and Casey Coburn from Berkswich, Staffordshire recently enquired about offshore investments. Beth and Mario Compton from Lower Penn recently enquired about investment advice. Owen Ali and Paula Ali from Loggerheads recently enquired about getting financial advice. Ashley Bennett from Great Wyrley, Staffordshire recently enquired about family income benefit.
A Financial Advisor's Regular Duties
- Chatting with customers about their finances and plans.
- Working together with peers to gather market information, trends and statistics.
- Updating clients about their investments.
- Producing comprehensive financial reports.
- Meeting performance and sales targets.
- Providing consultation, education and counselling with regards to investments and finances.
- Negotiating with providers of financial products.
- Recommending the financial products that are best-suited to clients.
- Keeping fully abreast of law changes and new products.
- Keeping a record of transactions and customers.
Financial Advisors Near Fenton
Also: Bucknall financial advisors, Longton financial advisors, Tretham financial advisors, Hem Heath financial advisors, Adderley Green financial advisors, Weston Coyney financial advisors, May Bank financial advisors, Stoke-on-Trent financial advisors, Blurton financial advisors, Dresden financial advisors, Caverswall financial advisors, Blythe Bridge financial advisors, Hanford financial advisors, Mount Pleasant financial advisors, Hanley financial advisors, Barlaston and more.
- Fenton Cashflow Analysis
- Fenton Corporate Financial Planning
- Fenton Trustee Investments
- Fenton Mortgage Advice
- Fenton Wealth Management
- Fenton Pension Advice
- Fenton Retirement Advice
- Fenton Financial Advice Quotes
- Fenton Inheritance Advice
- Fenton Financial Services
- Fenton Tax Advice
- Fenton Investment Advice
- Fenton Independent Financial Advice
- Fenton Life Insurance Advice
Financial Advisors Around Fenton: Financial advice has recently been given in the following Fenton streets - Opal Road, Duke Street, Hopedale Close, Robin Hill Grove, Ramsey Street, Wileman Street, Pool Street, Ashworth Street, Baths Road, Hallam Street, Clarendon Street, Hawkins Street, Rogate Close, Monty Place, Heathcote Street, Vivian Road, Sterndale Drive, Crawfurd Street, Napier Street, Adrian Street, Leopold Street, Carling Grove, Ainsworth Street, Hollings Street, Milford Street, Cowper Street, as well as the following Fenton area postcodes: ST4 3AQ, ST4 3LA, ST4 4NR, ST4 3JP, ST4 3SS, ST4 3BJ, ST4 3JE, ST4 4PH, ST4 3LG, ST4 3HY.
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More Staffordshire Financial Advisors: More Burslem, Burntwood, Leek, Wombourne, Hednesford, Uttoxeter, Kidsgrove, Newcastle-under-Lyme, Tamworth, Biddulph, Fenton, Cannock, Stone, Heath Hayes, Lichfield, Hanley, Rugeley, Stoke-on-Trent, Longton, Stafford and Burton-upon-Trent.:
Independent financial advisor in ST4 area, telephone code 01782.
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