Financial Advisor Gravesend Kent (DA11): It can be a daunting experience trying to locate a first-rate financial advisor advisor in the Gravesend area, particularly if it's the very first time that you're seeking financial advice. Whether it is investments, pension, mortgage or even insurance guidance that you are looking for, there is one common rule for all financial advisors; they must all comply with FCA (Financial Conduct Authority) regulations. Any advice given by a FCA certified financial advisor in Gravesend comes with the guarantee that should anything go awry, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman Scheme.
When choosing a financial advisor in Gravesend, a good place to start could be friends and relatives, but you must keep in mind that your situation may not be the same as theirs, and you might need a different sort of advice. Every financial advisor is not suitable for everyone, and their advice should be personalised to your particular circumstances. Choosing the right financial advisor is crucial and it pays to speak with at least 3 different companies so as to investigate the options they can offer, and to find one that you feel comfortable with and can trust.
There are 2 principal types of financial advisor in Gravesend; restricted advisors and independent financial advisors. The advantage of using an independent financial advisor is that they should not be restricted to a single provider's products and services, and can offer a wider range of options. Independent financial advice should be provided in a frank and impartial way and across the whole spectrum of financial companies and products. If you decide to use an IFA, you will be able to choose from the broadest possible array of products, so as to find the right solution for your needs. A restricted financial advisor may be limited to products and services from a single provider, or may even concentrate on a single product, as can happen with a mortgage advisor.
Before any financial advisor takes you on as a client, they are required by the Financial Conduct Authority to discuss their charges with you. Although it varies according to the kind of service or product you're interested in, there may be a set fee, an hourly rate, or you might even be charged a proportion of what you are investing. A free initial consultation might be offered, so that you can discuss your aims and circumstances to see if the advisor is the right fit. Your account might be managed by a team as opposed to a single advisor, if you choose to go with one of the bigger Gravesend companies.
Before any advice is given you will need to fill out a confidential disclosure document, known as a "Fact Find" form, which tells the advising company about your financial situation and targets. You'll also be given a Key Facts or Initial Disclosure Document, which provides you with details of the financial advisor, their situation for offering independent or restricted advice and the scope of their permissions in the financial arena. If you aren't happy with the service, and wish to make a complaint, this document will also lay out your own legal rights and the options you can take. It must be typed out in plain English and outline what you are signing up for, and any potential benefits and risks should you opt to go along with the advice offered. The cooling-off period should also be fully explained in this Key Facts Document. This allows you to change your mind within a certain time frame, and cancel the agreement with your financial advisor.
When talking to your financial advisor the very first time make sure you check their qualifications and experience. Don't be embarrassed about asking these questions, after all you're on the verge of entrusting your financial future to their skill. All Gravesend financial advisors must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. You shouldn't freak out if your advisor's name does not show up on the Financial Services Register, providing the company is on the register, their advisors will be covered by the regulations. The person can still offer financial guidance rather than advice, if these cannot be presented. Guidance is different to advice as it isn't regulated in the same way, and if errors occur there will likely be no recourse to either party.
If it is investments that you're interested in, the advisor will enquire about the level of risk you might be willing and able to take with your hard-earned money. Bigger rewards might be possible with high risk investments, however you could also lose some or all of your capital. Decent investment and financial advice should take into account your savings objectives, i.e. how rapidly you need access to your money, short or long term investments and how much you wish to invest. The one question that you should ask of yourself, which is frequently ignored, is how much you can really afford to lose. This is called your capacity for loss and may well affect the services and products that are offered for your consideration.
You need to tell your financial advisor about any current investments, regular outgoings, mortgages or savings accounts. To ensure that you receive the best advice for you, they need a clear and full picture of your finances. Good financial advice should allow for diversifying your investments and savings by spreading the risk load across different products. Having a knowledge of the best areas to consider, a competent financial advisor will favour products that fit in with your financial circumstances and goals.
Your financial advisor will communicate in as much plain speech as possible, while unmasking the complex world of finance. After comparing the products and services that match your needs, you should be able to make an informed and knowledgeable decision. If the environment is at the forefront of your mind, you could even ask that ethical investment and savings schemes take top priority. You can then keep away from companies that investments meet your standards, and instead support those enterprises and firms that address your concerns, for instance green energy or zero carbon.
Having a close working relationship with a financial advisor in Gravesend could cause issues with your work life and other commitments. This can be alleviated by supplementing face-to-face appointments with video conferencing and telephone, hence allowing you to get the advice you need at times that are convenient. Remote and home working is now commonplace, and any experienced financial advice company in Gravesend will have rigorous measures in force to ensure your details are kept secure and confidential, even if you hardly ever have a one-on-one meeting with your personal advisor.
You have to understand that the financial world is a volatile sector, and investment values could just as easily go down as well as up. If your investment isn't making the amount of money you were hoping for, it can be quite demoralising and stressful. Sadly, your investment having a downward trend is not a recognised basis for complaint, unless of course it is due to incorrect or misleading information from your advisor.
As described in the Key Facts Document, any disputes should start out with the firm's complaints procedure. You can inform the Financial Ombudsman of the problem if it is unresolved within the timeframe laid down by the regulating authority, and the financial advisor is registered with the FCA.
After looking into the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If it is established that the complaint is justifiable, a decision is made on how the customer can be compensated or the situation rectified. The advisor and their company must comply with any ruling that's made by the Ombudsman, which becomes legally binding as soon as the client has accepted it. Any inconvenience, trouble, distress and upset caused to the client during the dispute, will be taken into account when the Financial Ombudsman sets the level of compensation.
Financial advice can be provided in Gravesend and also in nearby places like: Longfield, Northfleet, Bean, Cobham, Southfleet, Northfleet Green, Chalk, Denton, Higham, Shorne, Singlewell, Hook Green, Stone, Istead Rise, Strood, Swanscombe, Milton, Greenhithe, Ebbsfleet, and in these postcodes DA11 0HE, DA11 0HP, DA11 0PZ, DA11 0AB, DA11 0BJ, DA11 0UH, DA11 0BH, DA11 0BU, DA11 0XA, DA11 0PN. Locally based Gravesend financial advisers will likely have the postcode DA11 and the telephone dialling code 01474. Checking this out can guarantee that you're accessing local financial advisers. Gravesend property owners can benefit from these and many other related services.
Skills and Knowledge Needed by a Financial Advisor
- To have the ability to network and build solid relationships with clients.
- Active listening and interpersonal skills.
- To be good at selling products and services.
- Excellent business management skills for negotiating product prices.
- To be thorough and pay attention to detail.
- To have a flexible approach to work.
- To have excellent IT skills.
- An excellent level of maths knowledge for building financial strategies.
- An outstanding understanding of accounting and economics relating to financial markets and products.
- Outstanding verbal communication skills.
- Effective customer service skills for determining customer requirements and needs.
A Financial Advisor's Day to Day Tasks
- A financial advisor chats with clients regarding their finances and plans.
- A financial advisor works together with associates to gather statistics, market information and trends.
- A financial advisor produces financial reports.
- A financial advisor constantly updates clients regarding their investments.
- A financial advisor meets targets for sales and performance.
- A financial advisor provides counselling, education and consultation with regards to investments and finances.
- A financial advisor keeps detailed records of customers and transactions.
- A financial advisor makes deals with with providers of financial products.
- A financial advisor keeps abreast of law changes and new financial products.
- A financial advisor researches financial products and explains them simply and clearly to clients.
Gravesend Financial Advice Services
There are a wide range of services which are provided by your local Gravesend financial advisor including ethical investment advice, pension reviews, trusts, business planning Gravesend, stakeholder pensions, personal protection, investment bonds, unit trusts Gravesend, bereavement benefit advice, savings advice, long term care fee advice, general financial planning, personal pensions, financial analyst services Gravesend, ISA's, business protection, annuities, investment plans, mortgage advice, pension planning, tax advice Gravesend, divorce financial planning, annuity purchases Gravesend, corporate bonds, familt controlled trusts, cheap financial advice, pension transfers Gravesend, wealth management & investments, pension advice Gravesend, independent financial advice in Gravesend, and lots more. These are just a small portion of the tasks that can be undertaken by a financial advisor. Gravesend professionals will be delighted to keep you abreast of their full range of financial services.
Financial Advisors Near Gravesend
Also here.: Cobham financial advisers, Longfield financial advisers, Milton financial advisers, Northfleet Green financial advisers, Bean financial advisers, Hook Green financial advisers, Swanscombe financial advisers, Chalk financial advisers, Denton financial advisers, Southfleet financial advisers, Northfleet financial advisers, Greenhithe financial advisers, Istead Rise financial advisers, Singlewell financial advisers, Higham financial advisers, Shorne financial advisers, Strood financial advisers, Stone financial advisers, Ebbsfleet and more. Most of these locations are covered by local financial advisers. Gravesend residents can get quotes by going
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Financial Advisors Around Gravesend: Financial advisors were recently required by people living in Silver Road, Beatrice Gardens, Terence Close, Shrubbery Road, Singlewell Road, Taunton Vale, Clifton Grove, The Terrace, Sandown Road, Stanbrook Road, Church Street, Darenth Drive, The Knole, Calderwood, Council Avenue, Spencer Street, Church Road, Boucher Drive, Cedar Avenue, Clive Road, The Ridgeway, Chadwick Close, Cheltenham Close, Admers Wood, Bader Walk, Dobson Road, Shepherd Street, Brakefield Road, Coopers Road and these Gravesend postcodes: DA11 0HE, DA11 0HP, DA11 0PZ, DA11 0AB, DA11 0BJ, DA11 0UH, DA11 0BH, DA11 0BU, DA11 0XA, DA11 0PN. People living in these areas recently requested help from a financial advisor. Gravesend residents enjoyed the benefits of dependable and top quality financial services in all cases.
More Kent Financial Advisors: More Hartley, Lydd, Sevenoaks, Cranbrook, Ramsgate, Walmer, Westerham, Meopham, Maidstone, Gravesend, New Romney, Staplehurst, Swanscombe, Wilmington, Herne Bay, Minster, East Malling, Sittingbourne, Faversham, Chatham, Folkestone, Whitstable, Margate, Tenterden, Boxley, Northfleet, Kingsnorth, Broadstairs, Swanley, West Kingsdown, Bearsted, Edenbridge, Sheerness, Sandwich, Paddock Wood, Aylesford, Southborough, Ashford, Rochester, Tunbridge Wells, Biggin Hill, Dover, Dartford, Pembury, Tonbridge, Birchington-on-Sea, Snodland, Strood, Westgate-on-Sea, Canterbury, Sturry, Gillingham, Deal.:
Independent financial advisor in DA11 area, (dialling code 01474).
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