Financial Advisor Folkestone Kent (CT18): Finding a first-rate financial advisor advisor in Folkestone can be an intimidating experience, particularly if you're needing financial advice for the very first time. Whether it is pensions, mortgage, investment or even insurance guidance that you are searching for, there is one common rule for all financial advisors; they all have to abide by Financial Conduct Authority regulations. The good thing about this is that should a financial advisor who is FCA registered give you bad advice, and anything goes awry, you have guarantees, and are able to get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman to get it put right.
When selecting a financial advisor in Folkestone, a decent starting point could be friends and neighbours, but you must bear in mind that your situation might not be in line with theirs, and you might need a different type of advice. Any advice they offer needs to be adapted to your specific circumstances, and not every financial advisor is suitable for everybody. Picking the right financial advisor is vital and it is a good idea to talk with at least three different companies so as to check out the options they offer, and to find one you feel comfortable with and can trust.
Independent financial advisors and restricted advisors, are the 2 main kinds of financial advisor in Folkestone. Offering a more extensive range of options, an independent financial advisor should not be confined to just one provider's products and services. Independent financial advice should encompass the full spectrum of financial products and companies, and must be offered in an impartial way. If you elect to use an independent financial advisor, you will be able to choose from the widest possible range of products, in order to find the right solution for you. If you go to a restricted advisor you will discover that they may be limited to products and services of a specific firm, or as with a mortgage advisor, may only be involved with one solitary product.
The FCA demands that any financial advisor in Folkestone must tell you about their charges, before accepting you as a client. Although it varies based upon the kind of service or product you're looking for, there could be an hourly rate, a set fee, or you could even be charged a slice of what you are investing. You may be offered a free initial consultation to allow you to discuss your goals and see if the advisor is the proper choice for you and your circumstances. Your account could be handled by a team as opposed to one individual advisor, if you elect to go with one of the bigger firms in Folkestone.
You will be asked to complete a "Fact Find" form, which is a confidential disclosure document relating your financial situation and ambitions to the advising company. You will also be given a Key Facts or Initial Disclosure Document, which provides details about the financial advisor, their status to offer restricted or independent advice and their scope of permissions in the financial sector. If you are not happy with the service, and wish to make a complaint, this document should also set down your own legal rights and the options you can take. It must be typed out in plain language and detail what you're signing up for, and any potential risks and benefits that exist if you opt to take the offered advice. The cooling-off period should also be spelled out in this document. This permits you to cancel your agreement with the financial advisor within a specific number of days, and whenever any penalty charges have to be paid.
When talking to your financial advisor the very first time you'll want to check their experience and qualifications. Asking such questions shouldn't be a cause for embarrassment, because you are about to entrust them with your financial wellbeing. Every financial advisor in Folkestone must be in a position to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. If your advisor's name does not appear on the Financial Services Register, don't stress, the company the advisor works for will almost certainly be on the register and their advisors are all covered by the legislation. If these cannot be provided the person may still offer financial guidance rather than financial advice. Guidance is somewhat different to advice as it isn't regulated in the same way, and if mistakes are made there will probably be no recourse to either party.
If it is investing money that you're interested in, the advisor will want to know the amount of risk you are willing and able to take on with your hard-earned cash. Most investments carry some element of risk, but high risk investments may offer substantial rewards, and also more chance of losing your funds. Good quality investment and financial advice should take into account your savings objectives, i.e. long or short term investments, how rapidly you need access to your money and how much money you want to invest. "How much can you actually afford to lose?" Is the one vital question that you should really be asking yourself. Sometimes referred to as your capacity for loss, this will most likely affect the products and services that you are offered.
You will have to let your financial advisor know about your existing mortgage loans, personal savings, investments or regular outgoing payments. This will provide a clear and full picture of your financial situation, without which the advice you're given may not be the best for you. Diversifying your investments and savings by spreading the risk across a number of different products, is a vital part of reliable financial advice. So as to mirror your financial circumstances and your goals, a professional financial advisor in Folkestone will understand the best products to consider.
Your financial advisor will attempt to communicate in as plain a speech as possible, to reveal the multifaceted world of finance. You should be in a position to come to an informed decision when you have compared the various services and products which meet your needs. If you're environmentally minded, you can even ask your financial advisor to stick to ethical savings and investment schemes. You will then be able to stay away from companies that firms meet your criteria, and instead support those businesses and firms that match your concerns, for instance green energy or zero carbon.
It may prove challenging to manage your work day and other responsibilities around a close working relationship with your financial advisor in Folkestone. To enable you to get advice at a time to suit you, one-on-one meetings can be complemented with telephone and video conferencing. Even if you never have an in-person meeting with your personal advisor, a professional financial advice provider in Folkestone will have rigorous measures in place to ensure your details are kept secure and confidential, because remote and home working is now a large part of our society.
You must remember that the financial sector can be volatile, and the value of your investments could just as easily drop as well as rise. If it just so happens that your investment isn't making as much money as you hoped for, it can be a very worrying and demoralising time. A downward spiraling of your investment is not a recognised basis for complaint, unless your financial advisor has supplied you with incorrect or misleading information.
Any complaints should start with the company's complaints procedure as described in the Key Facts Document. If the issue is unsolved within the time schedule set out by the regulating authority, and the financial advisor is registered with the Financial Conduct Authority, you can contact the Financial Ombudsman.
The Financial Ombudsman will look into the cause for complaint and come to a decision. If it's found that the complaint is justifiable, a decision is made on how the client can be compensated or the situation rectified. On acceptance by the customer, the ruling will become legally binding, and the advisor and their company must comply with it. The Ombudsman will also account for any inconvenience, distress, trouble and upset caused to the customer during the process, and fix the level of compensation proportionately.
Financial advice can be provided in Folkestone and also in nearby places like: Saltwood, Alkham, Palmarsh, Lyminge, West Hougham, Sandgate, Cheriton, Etchinghill, Capel le Ferne, Hawkinge, Elham, Church Hougham, Hythe, Stanford, Lower Standen, Densole, Seabrook, and in these postcodes CT18 7HR, CT19 4HE, CT19 4NU, CT19 4FB, CT19 4LG, CT19 4HX, CT19 4LB, CT19 4HH, CT19 4LJ, CT18 8AZ. Locally based Folkestone financial advisers will most likely have the postcode CT18 and the telephone dialling code 01303.
Financial Advice Enquiries Kent
The latest Kent financial advice enquiries: Jonathan and Leila Hussey from Hothfield recently enquired about equity release. Edmund and Maira Brunet from High Halstow recently asked for information on life assurance. Georgie Wheeldon and Catherine Wheeldon from Hawkinge recently asked for information on mortgages. Lucca Marshall from Chevening recently enquired about life assurance. Bernard Gibbs from East Farleigh, Kent recently asked for information on life assurance. Humaira Fountain from Pluckley, Kent recently enquired about investment bonds. Theodore and Seren Jacob from Shorne, Kent recently enquired about getting financial advice. Nadia Gleave and Justin Gleave from West Malling recently enquired about equity release.
The Daily Duties for a Financial Advisor
- Financial advisors work together with associates to obtain market information, statistics and trends.
- Financial advisors maintain detailed records of potential customers and transactions.
- Financial advisors provide education, consultation and counselling regarding investments and finances.
- Financial advisors thrash out advantageous deals with with providers of financial products.
- Financial advisors keep up to date with law changes and new financial products.
- Financial advisors produce detailed financial reports.
- Financial advisors update customers regarding their investments.
- Financial advisors meet performance and sales targets.
- Financial advisors research financial products and explain them clearly and simply to their customers.
- Financial advisors speak with clients about their finances and plans.
Financial Advisors Kent
In the Kent area you'll also discover: Borden financial advisors, Boughton Aluph investment advice, St Margarets At Cliffe investment advice, Worth investment advice, Tovil investment advice, Lamberhurst investment advice, Sandhurst financial advice, South Darenth investment advice, Sevenoaks Weald financial advice, Eastchurch financial advice, Great Chart investment advisors, Hinxhill investment advice, Culverstone Green investment advisors, Newington financial advice, Sheerness financial advice, Otford investment advice, Sandhurst investment advice, River financial advisors, High Halstow investment advice, Egerton investment advisors, Goudhurst investment advice, Cliffe investment advice, Charing investment advisors, Wittersham investment advice, Wrotham financial advisors, Paddock Wood financial advisors, Coxheath financial advice, Smeeth investment advisors, Platt investment advice, Larkfield financial advice.
Folkestone Financial Advice Services
There is a wide range of services which can be provided by your local Folkestone financial advisor including bridging finance in Folkestone, pension drawdowns, income protection advice, general financial planning in Folkestone, divorce planning Folkestone, cash flow modelling, pension advice in Folkestone, tax financial planning, cashflow analysis, family income benefit, trusts, cheap financial advice, wealth management & investments Folkestone, investment planning, corporate financial planning in Folkestone, life assurance advice, unit trusts, mutual funds, pension planning, long term care fee advice, business financial planning Folkestone, investment plans Folkestone, inheritance tax planning, life insurance, financial planning, and more.
Financial Advisors Near Folkestone
Also: Alkham financial advisors, Hawkinge financial advisors, West Hougham financial advisors, Lower Standen financial advisors, Church Hougham financial advisors, Cheriton financial advisors, Saltwood financial advisors, Sandgate financial advisors, Densole financial advisors, Stanford financial advisors, Etchinghill financial advisors, Hythe financial advisors, Elham financial advisors, Capel le Ferne financial advisors, Palmarsh financial advisors, Lyminge financial advisors, Seabrook and more.
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Financial Advisors Around Folkestone: People living in the following streets and areas have recently inquired about financial advice - Appledore Crescent, Birch Villas, Ainsdale Close, The Corniche, Bland Drive, Clifton Gardens, Dudley Road, Brambledown, The Parade, Station Road, Coronation Cottages, Alkham Valley Road, Christ Church Road, Alma Road, Cherry Garden Avenue, Burgoyne Barracks, De Havilland Close, Stempe Close, Spence Close, Shorncliffe Road, Samian Crescent, Sussex Road, Densole Lane, Bournemouth Road, Digby Road, Albert Road, Churchill Close, as well as the following local Folkestone postcodes: CT18 7HR, CT19 4HE, CT19 4NU, CT19 4FB, CT19 4LG, CT19 4HX, CT19 4LB, CT19 4HH, CT19 4LJ, CT18 8AZ.
More Folkestone Services: Undoubtedly, whenever you're looking at your finances in Folkestone, Kent, you are likely to need all kinds of different services and as well as family lawyers in Folkestone, banruptcy lawyers in Folkestone, wills & probate in Folkestone, payroll services in Folkestone, estate planning in Folkestone, bookkeepers in Folkestone, contracts lawyers in Folkestone, solicitors in Folkestone, tax preparation in Folkestone, business consulting in Folkestone, investment advisors in Folkestone, mortgage advice in Folkestone, business financial planning in Folkestone, mortgage brokers in Folkestone, debt recovery & collection in Folkestone, accountants in Folkestone, property law & conveyancing in Folkestone, and other different Folkestone experts.in Folkestone, Kent, you may also need
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Financial Adviser Jobs Folkestone: See financial advisor jobs in Folkestone by going here: General Financial Advisor Jobs
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Independent financial advisor in CT18 area, (dialling code 01303).
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