Financial Advisor Greenwich Greater London (SE10): If you're in search of financial advice for the very first time, trying to locate a reliable independent financial advisor in Greenwich can be a challenging experience. Nevertheless, all professional financial advisors are bound by one common rule; they all have to follow the regulations set by the FCA (Financial Conduct Authority), regardless of whether you are after pension, mortgage, investments or even insurance advice. The advantage of this is that should a financial advisor who is FCA registered give you bad advice, and anything goes wrong, you have guarantees, and can contact the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get it put right.
Friends and relatives recommendations can be a good starting point in choosing a financial advisor in Greenwich, but bear in mind that their circumstances may be different to what you're looking for. Financial advice should be specifically tailored to your particular situation, and you will discover that certain financial advisors may not be appropriate for your requirements. It is wise to talk with at least three different companies when you're choosing a financial advisor, because this is a major decision, and you need to find one that you feel comfortable with and can trust, and also check out the options they can provide.
When it comes to picking a financial advisor in Greenwich, there are basically two main types; independent financial advisors and restricted advisors. An IFA will not be limited to just one company's services or products. Independent financial advice must be given in an honest and impartial way and should cover the full gamut of financial companies and products. Using an IFA should enable you to choose from the widest possible array of services. A restricted advisor might be limited to services and products from a single provider, or might even concentrate on just one product, as in the case of a mortgage advisor.
The FCA requires that any financial advisor must fully discuss their charges with you, before taking you on as a client. Although it varies according to the type of service or product you're looking for, there could be a set fee, an hourly rate, or you may even be charged a proportion of the money you are investing. To enable you to discuss your objectives and see if the advisor is suitable for you and your circumstances, a free initial consultation could be offered. In some of the larger Greenwich firms, you might find that your account is being managed by a team rather than an individual.
You'll need to fill in a "Fact Find" document, which is a confidential disclosure form relating your ambitions and financial situation to the advising firm. An Initial Disclosure, or Key Facts Document will also be handed to you, providing information on the financial advisors themselves, detailing their scope of permissions in the financial sector and their status to offer restricted or independent advice. If you aren't satisfied with the service provided, and wish to submit a complaint, this document should also lay out your own rights and the possible options you can take. It should be simple to understand, written in plain English, and outline precisely what you're committing yourself to, along with the risks and benefits of going along with the advice. The allowed cooling-off period should also be explained in this Key Facts Document. This allows you to cancel the contract with your financial advisor within a certain time period, and if any penalties are incurred.
Make sure you check what experience and qualifications the financial advisor has the first time you talk to them. You needn't be self-conscious about asking such questions, after all you are about to entrust your financial future to their skill. All Greenwich financial advisors must as a minimum hold a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. When checking the Financial Services Register, don't stress if your specific advisor's name doesn't appear on there; you will probably locate the company name, and this means that the legislation covers all of their personnel. If these can't be provided the person can still offer financial guidance rather than advice. Guidance is not regulated in the way that financial advice is, which means that if mistakes occur the client won't have any recourse.
If you're needing advice on investing money you will be asked the amount of risk you're comfortable with. High risk investments could offer higher rewards, however some or all of your cash could be lost. Your savings aims should be carefully considered if decent financial and investment advice is to be given, i.e. long or short term investments, how much you have to invest and how quickly you need to access your money. You should always ask yourself the one important question, how much can you really afford to lose. Generally referred to as your 'capacity for loss', this will most likely have an effect on services and products that you are offered.
You'll want to tell your financial advisor about any current savings, mortgages, investments or regular payments. To make certain that you get the most appropriate advice for you, they need to have a full and clear picture of your finances. Sound financial advice should include diversifying your investments and savings by spreading the risk load across various different products. A professional financial advisor in Greenwich will be aware of the best products to consider, which reflect your financial situation and your goals.
A financial advisor will throw open the complex world of finance, and communicate in as much plain speech as possible. You should be able to make an informed decision once you have learned about the various products and services which meet your needs. If you're mind is firmly on the environment, you can ask your advisor to stick to ethical savings and investment schemes. You will then be able to stay away from firms that investments meet your requirements, but instead lend your support to those companies and organisations that match your concerns, for instance zero carbon or renewable energy.
It's not that easy to work closely with a financial advisor in Greenwich without this affecting your work life and other obligations. This can be alleviated by supplementing one-on-one appointments with phone calls and video conferencing, thus enabling you to seek the advice you need at convenient times. Home and remote working is now a large part of our society, and a professional financial advice provider in Greenwich will have strict measures in place to ensure your details are kept secure and confidential, even if you never have a face-to-face meeting with your personal advisor.
Investments can be a volatile area, and values could fall as well as rise. If it happens that your investment is not making the amount of money you hoped for, it can be a very frustrating and worrying time. A downward spiral in your investment isn't seen as a cause for complaint, unless your advisor has given you misleading or wrong information.
As detailed in the Key Facts Document, any complaints should commence with the firm's complaints procedure. If the problem remains unsolved within the timeframe set by the regulating authority, and your advisor is registered with the Financial Conduct Authority, you can advise the Financial Ombudsman.
The Financial Ombudsman will come to a decision after reviewing the cause of the complaint independently. A decision will be made on how to rectify or financially compensate the client, if the complaint is justified. On acceptance by the customer, the decision will become legally binding, and the advisor and their company must comply with it. The Financial Ombudsman will also take into account any upset, trouble, inconvenience and distress caused to the client during the situation, and set the level of compensation proportionately.
Financial advice can be provided in Greenwich and also nearby in: Isle of Dogs, Lewisham, Maze Hill, Lee, Southfields, Peckham, Newlands, Vanbrugh Park, Polthorne Estate, Crofton Park, North Greenwich, Charlton, Eltham, Welling, Blackheath, Surrey Quays, as well as in these postcodes SE10 0GB, SE10 0PS, SE10 0EU, SE10 0DN, SE10 0FN, SE10 0AW, SE10 0PA, SE10 0BP, SE10 0PW, SE10 0JJ. Locally based Greenwich financial advisors will likely have the telephone dialling code 020 and the postcode SE10. Simply click the "enquiry" banner to get info on financial advisors in your area.
Greenwich Financial Advice Services
There are a wide array of services which are provided by your local Greenwich financial advisor including income protection in Greenwich, business financial planning, inheritance tax planning in Greenwich, personal financial planning, investment planning Greenwich, tax advice in Greenwich, pension plans, cash flow modelling, financial analyst services, investment planning, mortgage advice, pension drawdowns, pension transfer advice in Greenwich, general financial planning, equity release, life insurances, wealth management & investments Greenwich, pension consolidation advice, portfolio management Greenwich, bridging finance Greenwich, pension planning, mutual funds, life assurance, corporate bonds, cashflow analysis Greenwich, and lots more.
Financial Advisors Greater London
Around Greater London you will likewise find: Lisson Grove financial advisors, Hayes investment advice, Shirley financial advice, Burnt Oak investment advisors, Brompton investment advice, Stoke Newington investment advice, St Pancras investment advisors, Hornchurch investment advisors, Seven Kings financial advisors, Peckham investment advisors, Elephant and Castle financial advice, Hammersmith financial advice, Belgravia investment advice, Angel investment advisors, Crouch End investment advice, South Wimbledon financial advice, Maze Hill investment advice, Bellingham investment advice, Perivale investment advisors, Little Ilford financial advisors, Southend investment advice, Crews Hill financial advisors, Queensbury financial advisors, Kensal Green financial advisors, Eel Pie Island financial advice, Deptford investment advice, Tottenham Hale financial advice, Dalston investment advisors, Bounds Green financial advice, Upminster financial advice.
Financial Advisors Near Greenwich
Also: Polthorne Estate financial advisors, Lewisham financial advisors, Charlton financial advisors, Newlands financial advisors, Eltham financial advisors, Peckham financial advisors, Lee financial advisors, Welling financial advisors, North Greenwich financial advisors, Isle of Dogs financial advisors, Southfields financial advisors, Blackheath financial advisors, Surrey Quays financial advisors, Maze Hill financial advisors, Vanbrugh Park financial advisors, Crofton Park and more.
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Financial Advisors Around Greenwich: Households in Circus Street, College Approach, Clavell Street, Burney Street, Thames Street, Copperas Street, Peyton Place, Blackheath Avenue, Blissett Street, Ashburnham Place, Prince Charles Road, Maze Hill, Shooters Hill Road, Brand Street, Horseferry Place, May's Buildings Mews, Norman Road, Clarence Road, Lindsell Street, Devonshire Drive, Wellington Grove, Lewisham Road, Egerton Drive, Coldbath Street, Point Close, Thornham Street, Claremont Street, Hollymount Close, have needed financial advice just recently. Financial advisors have also been active in these Greenwich area postcodes: SE10 0GB, SE10 0PS, SE10 0EU, SE10 0DN, SE10 0FN, SE10 0AW, SE10 0PA, SE10 0BP, SE10 0PW, SE10 0JJ.
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Financial Advisor Jobs Greenwich: Browse financial advisor jobs in Greenwich here: General Financial Advisor Jobs
Independent financial advisor in SE10 area, and dialling code 020.
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