Financial Advisor Gravesend Kent (DA11): Locating a reliable financial advisor advisor in Gravesend can be a daunting experience, particularly if you're seeking financial advice for the first time. Whether you are searching for pension, investments, mortgage or even insurance advice, all professional financial advisors have one thing in common; they must all conform to the regulations set by the FCA (Financial Conduct Authority). The benefit of this is that if a financial advisor who is FCA authorised gives you poor advice, and anything goes awry, you've got guarantees, and can contact the Financial Ombudsman or the Financial Services Compensation Scheme to have it put right.
When choosing a financial advisor in Gravesend, a decent place to begin could be friends and relatives, however you must keep in mind that your situation may not be in line with theirs, and you might need a different kind of advice. Their advice needs to be personalised to your particular circumstances, and not every financial advisor is suitable for everyone. It is wise to speak with at least 3 different companies when you are considering a financial advisor, because this is an important decision, and you will be looking to find one that you feel comfortable with and can trust, and also check out the various options they can provide.
Independent financial advisors (IFA) and restricted advisors, are the two main kinds of financial advisor in Gravesend. An independent financial advisor won't be confined to the products or services of a single provider. Encompassing the full spectrum of financial products and companies, independent financial advice should be offered in a frank and unbiased way to clientele. This will enable you to select from the widest range of products to suit your needs. A restricted financial advisor may be concerned with an individual product, as with a mortgage advisor, or be limited to services and products from one particular provider.
Before any financial advisor accepts you as a client, they're required by the Financial Conduct Authority to fully discuss their charges with you. Subject to the kind of services you're looking for, you could be charged by the hour, a set fee or possibly even a percentage of your investment value. To discuss your goals and see if the advisor is a good fit for your circumstances, a free initial consultation could be offered. If you use one of the larger Gravesend companies, your account may be handled by a team of advisors rather than a single person.
To describe your goals and financial situation to the advising company, you will be asked to fill out a "Fact Find" form, which is a confidential disclosure document. 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 will also be given an Initial Disclosure, or Key Facts Document. If you are not happy with the service, and wish to complain, this document will also set down your own rights and your options. It has to be typed out in plain language and detail what you are committing yourself to, and any potential risks and benefits that exist should you choose to accept the offered advice. You will find the level of cooling-off period in the Key Facts Document. Within a certain number of days, this allows you to cancel your contract with the financial advisor.
The very first time you're speaking to your financial advisor you should check what experience and qualifications they've got. You shouldn't be embarrassed about asking such questions, after all you are about to entrust your long-term financial wellbeing to their expertise. Every financial advisor in Gravesend must be in a position to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. When checking the Financial Services Register, you shouldn't panic if your particular financial advisor's name doesn't show up on there; you will probably find the company name, and that means the regulations covers all of their employees. If these can't be presented the individual may still offer financial guidance rather than advice. In financial terms guidance is different to advice and is not regulated. Therefore there isn't any recourse for either party if mistakes occur.
If you're seeking advice on investing money you'll be asked the amount of risk you are comfortable with. Better rewards might be possible with high risk investments, however you could also lose some or all of your funds. Your savings aims should be carefully considered if good quality investment and financial advice is to be given, i.e. how quickly you need to access your money, long or short term investments and how much capital you want to invest. One question you should ask of yourself, which is often overlooked, is just how much you can actually afford to lose. This is generally referred to as your 'capacity for loss' and could affect the products and services that are offered for your consideration.
You will have to tell your financial advisor about any current investments, mortgage loans, regular payments or savings accounts. To make certain that you receive the most suitable advice for you, they need to have a full and clear picture of your financial situation. Spreading the risk across various different products through the diversification of your savings and investments, is something that good quality financial advice should allow for. A seasoned financial advisor in Gravesend will have the knowledge of the best areas to consider, which match your financial situation and your goals.
Your financial advisor will communicate in the clearest possible way, to unmask the multifaceted world of finance. You should be able to make an informed decision once you have compared the various products and services which meet your needs. If the environment is at the forefront of your mind, you could perhaps ask that ethical investment and savings schemes take top priority. You can then stay clear of investments that businesses meet your criteria, and instead lend your support to those organisations and firms that match your concerns, for example green energy or zero carbon.
It may prove difficult to manage your work and other responsibilities around working closely with a financial advisor in Gravesend. This can be alleviated by augmenting one-on-one meetings with video conferencing and telephone calls, thus enabling you to seek the advice you need at convenient times. Even if you never have a one-to-one meeting with your advisor, a competent financial advice company in Gravesend will have stringent measures in force to ensure your details are kept secure and confidential, because home and remote working is now commonplace.
You need to remember that the financial sector can be volatile, and investment values can just as easily fall as well as rise. It can be quite worrying and frustrating if your investment is not making the amount of money you hoped for. A downward trend in your investment is not seen as a cause for complaint, unless your advisor has given you misleading or wrong information.
Any disputes should commence with the firm's complaints procedure as laid out in the Key Facts Document. If the advisor is registered with the FCA, you can tell the Financial Ombudsman about the problem if it remains unresolved within the time laid down by the regulating authority.
The Financial Ombudsman will look into the cause for complaint and come to a decision. If it's established that the complaint is justifiable, a decision is made on how the client can be compensated or the situation rectified. Once the decision is agreed on by the customer it becomes a legally binding decision which the advisor and their company, must abide by. Any compensation laid down by the Financial Ombudsman will also take into account any upset, distress, inconvenience and hassle caused to the customer during the dispute.
Financial advice can be provided in Gravesend and also nearby in: Denton, Singlewell, Istead Rise, Bean, Ebbsfleet, Northfleet, Northfleet Green, Milton, Greenhithe, Swanscombe, Hook Green, Longfield, Higham, Strood, Chalk, Southfleet, Shorne, Stone, Cobham, together with these postcodes DA11 0SP, DA11 0DF, DA11 0PW, DA11 0DP, DA11 0JG, DA11 0LP, DA11 0EU, DA11 0AB, DA11 0QB, DA11 0HU. Locally based Gravesend financial advisers will probably have the dialling code 01474 and the postcode DA11. Click on the "enquiry" form or banner to get information on financial advisors in your area.
Gravesend Financial Advice Services
There is a variety of services which can be provided by your local Gravesend financial advisor including stakeholder pension advice, wealth management & investments in Gravesend, ISA's in Gravesend, independent financial advice, annuities, equity release advice, investment advice, unit trusts, pension drawdowns, divorce financial planning Gravesend, life insurance advice, trustee investment services, financial analyst services in Gravesend, pension transfer advice, offshore investments Gravesend, business planning, corporate financial planning, cashflow analysis, trusts, life assurance, tax planning, bridging finance, corporate bonds in Gravesend, personal financial planning, investment plans, and lots more.
A Financial Advisor's Everyday Duties
- Meeting sales and performance targets.
- Chatting with customers about their plans and finances.
- Updating clients about their investments.
- Producing financial reports.
- Providing education, counselling and consultation regarding finances and investments.
- Researching financial products and explaining them simply and clearly to clients.
- Working with associates to gather statistics, market information and trends.
- Keeping up to date with new financial products and law changes.
- Collaborating with providers of financial products.
- Keeping a record of potential clients and transactions.
Financial Advisors Near Gravesend
Also: Greenhithe financial advisors, Swanscombe financial advisors, Milton financial advisors, Shorne financial advisors, Northfleet Green financial advisors, Singlewell financial advisors, Cobham financial advisors, Ebbsfleet financial advisors, Hook Green financial advisors, Denton financial advisors, Strood financial advisors, Chalk financial advisors, Southfleet financial advisors, Stone financial advisors, Bean financial advisors, Longfield financial advisors, Istead Rise financial advisors, Northfleet financial advisors, Higham and more.
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Financial Advisors Around Gravesend: In The Terrace, Constitution Crescent, Dennis Road, Ashleigh Close, Dene Holm Road, Brooke Drive, Augustine Road, Danes Close, Copper Beech Close, Station Approach, Cygnet Gardens, Scratton Fields, Britannia Drive, South Hill Road, St James Oaks, St Thomas's Avenue, The Russets, Barrack Row, Appleshaw Close, Bentley Street, St Davids Crescent, Saunders Close, Ashmore Gardens, Baker Hill Close, Cerne Road, College Road, Arcadia Road, St Marys Close, St Marks Avenue, as well as the following Gravesend area postcodes: DA11 0SP, DA11 0DF, DA11 0PW, DA11 0DP, DA11 0JG, DA11 0LP, DA11 0EU, DA11 0AB, DA11 0QB, DA11 0HU, people have just recently needed financial advice.
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Independent financial advisor in DA11 area, phone code 01474.
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