Financial Advisor Guildford Surrey (GU1): If you are seeking financial advice for the first time, trying to locate a reliable financial advisor advisor in the Guildford area can be a quite daunting experience. Whether it's investments, mortgage, pension or even insurance advice that you are after, there is one common rule for all professional financial advisors; they must all abide by FCA (Financial Conduct Authority) regulations. The advantage of this is that should a financial advisor who is FCA authorised give you bad advice, and anything goes awry, you have guarantees, and are able to go to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to have it put right.
Recommendations from friends and neighbours can be a decent starting point in selecting a financial advisor in Guildford, but remember that their circumstances may be different to the sort of advice you are looking for. Not every financial advisor is suitable for everybody, and any advice they provide needs to be personalised to your particular situation. It is wise to speak to at least three different firms when you're considering a financial advisor, since this is an important decision, and you need to find one that you can trust and feel comfortable with, and explore the options they offer.
There are two principal types of financial advisor in Guildford; independent financial advisors (IFA) and restricted advisors. Offering a more extensive range of options, an IFA should not be limited to the products or services of a single company. Covering the full gamut of financial products and companies, independent financial advice should be offered in an unbiased and impartial way to clients. Using an independent financial advisor should allow you to choose from the widest possible array of products. If you use a restricted advisor you'll soon realise that they may be restricted to services and products of a specific provider, or as with a mortgage advisor, will only be concerned with one solitary product.
The FCA demands that any Guildford financial advisor must fully discuss their charges with you, before accepting you as a client. Based upon the type of product you're looking for, you could be charged by the hour, a set fee or even a percentage of your investment value. You could be offered the chance of a free initial consultation to enable you to discuss your aims and see if the advisor is a good fit for your situation. Your account may be looked after by a team as opposed to one individual advisor, if you elect to go with one of the larger Guildford companies.
Before any actual financial advice is handed out you'll have to fill out a confidential disclosure document, known as a "Fact Find" form, which tells the advising firm about your aims and financial situation. An Initial Disclosure, or Key Facts Document will also be given to you, providing information regarding the financial advisors themselves, outlining their scope of permissions in the financial sector and their status to offer restricted or independent advice. This document should also set down your own rights and the possible options you can take if you're not satisfied with the service provided, and need to complain. It should detail precisely what you're signing up for, and any possible benefits and risks that exist should you decide to take the advice offered, and it should be written in plain English. You can find the amount of cooling-off period in this document. This enables you to change your mind within a specific time period, and cancel the agreement with your financial advisor.
You need to check what qualifications and experience the financial advisor has the first time you talk to them. Asking these questions should not be a cause for embarrassment, because after all you are entrusting them with your long-term financial wellbeing. A Level 4 qualification is the minimum qualification for any Guildford financial advisor, and they also have to be able to show an annual Statement of Professional Standing. If the advisor's name doesn't appear on the Financial Services Register, don't panic, the company the advisor works for will almost certainly be on the register and their advisors will be covered by the legislation. If these cannot be presented the person may still offer financial guidance instead of financial advice. Guidance isn't regulated in the same way as financial advice, meaning that if mistakes arise the client won't have any recourse.
If it's investing money that you're interested in, your advisor will need to know the level of risk you might be prepared to take with your hard-earned cash. High risk investments could offer higher rewards, but some or all of your cash could be lost. Good financial and investment advice will take you savings goals into consideration, i.e. how quickly you need to access your money, short or long term investments and how much you wish to invest. "How much can you afford to lose?" Is the one crucial question that you should really be asking yourself. Generally known as your 'capacity for loss', this will very likely influence the services and products that you are offered.
You'll want to tell your financial advisor about any current mortgages, investments, savings or regular outgoing payments. To ensure that you get the best advice for you, they need to have a clear and full picture of your financial circumstances. Smart financial advice should include diversifying your savings and investments by spreading the risk across different products. With an understanding of the best areas to consider, a seasoned financial advisor will concentrate on products that most closely fit in with your goals and financial situation.
A financial advisor will throw open the multifaceted world of finance, and try to converse in the clearest possible way. You should be able to make an informed decision after you have learned about the various products and services which match your needs. If you are environmentally minded, you can perhaps ask your financial advisor to stick to ethical investment and savings schemes. You will then be able to steer clear of businesses that businesses meet your criteria, and instead lend your support to those companies and enterprises that address your concerns, for example renewable energy or zero carbon.
It may prove tricky to manage work and other obligations around working closely with your financial advisor in Guildford. Face-to-face appointments can be augmented with telephone and video conferencing to allow you to get advice at a time to suit you. Any professional financial advice provider in Guildford will have rigorous measures in force to ensure your details are kept confidential and secure, even if you hardly ever have a face-to-face meeting with your advisor, because remote and home working is no longer unusual.
Investments can be a volatile area, and their values can go down as well as up. It can be incredibly worrying and demoralising if your investment fails to make as much money as you hoped for. Sadly, a downward spiral in your investment isn't a recognised basis for complaint, unless it's owing to misleading or incorrect information from your financial advisor.
As laid out in the Key Facts Document, any disputes should begin with the firm's official complaints procedure. You can let the Financial Ombudsman know about the situation if it remains unresolved within the timeframe set by the regulating authority, and your advisor is a member of the Financial Conduct Authority.
After looking into the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. A decision will be made on how to financially compensate the customer, if the complaint is justified. This will become legally binding as soon as it has been agreed on by the customer, and the financial advisor and their company must abide by the decision. The Ombudsman will also take into account any hassle, upset, inconvenience and distress caused to the client during the situation, and set the level of compensation accordingly.
Financial advice can be provided in Guildford and also nearby in: Sutton Green, Compton, Woodbridge Hill, West Clandon, Shalford, Albury, Artington, Wood Street Village, Merrow, Bellfields, Onslow Village, Peasmarsh, Farncombe, Stoughton, Burpham, Woodbridge, as well as in these postcodes GU1 1JT, GU1 1PY, GU1 1LG, GU1 1RU, GU1 1HS, GU1 1NS, GU1 1EJ, GU1 1NL, GU1, GU1 1FW. Locally based Guildford financial advisors will likely have the dialling code 01483 and the postcode GU1. Simply click on the "enquiry" banner to get specifics of financial advisors in your location.
Skills and Knowledge Necessary for Financial Advisors
- To be able to network and establish solid relationships with customers.
- A good level of mathematical knowledge for building financial packages.
- To have good IT skills.
- A thorough understanding and knowledge of accounting and economics with regard to financial markets and products.
- Outstanding skills in verbal communication.
- The ability to sell products and services.
- Effective management skills for negotiating product fees.
- To have a target driven mentality.
- To be thorough and pay attention to detail.
- Excellent customer service skills for finding out customer requirements and needs.
- Active listening skills.
Surrey Financial Advice Enquiries
Latest Surrey financial advice enquiries: Braxton Hamnett and Hallie Hamnett from Fairlands, Surrey recently asked for information on investment bonds. Mikael Smullen from Earlswood recently asked for information on equity release. Dalton Symes from Capel recently enquired about family income benefit. Casey Said from Claygate recently asked for information on offshore investments. Hannah and Che Knott from Hersham recently enquired about equity release. Macie Sanchez from Mytchett, Surrey recently enquired about investment bonds. Rayaan and Jasmin Adam from Molesey recently enquired about equity release. Ronny and Lily-Mai Walters from Tadworth, Surrey recently enquired about pension advice.
Guildford Financial Advice Services
There is a variety of services which can be provided by your local Guildford financial advisor including mortgage advice in Guildford, life insurance advice in Guildford, business planning, offshore investment advice Guildford, mutual funds Guildford, financial planning, family income benefit, independent financial advice in Guildford, retirement advice, cashflow analysis, life assurance advice, annuity purchases, investment bonds, investment advice, trusts in Guildford, corporate financial planning, investment advice Guildford, long term care fee planning in Guildford, pension planning Guildford, wealth management & investments, pension drawdowns in Guildford, ISA's, pension consolidation in Guildford, annuities, financial services in Guildford, and lots more.
Daily Tasks for a Financial Advisor
- Maintaining detailed records of transactions and customers.
- Making deals with with providers of financial products.
- Recommending the best-suited financial products to customers.
- Constantly updating customers concerning their investments.
- Keeping fully abreast of regulation changes and new products.
- Working with associates to obtain market information, trends and statistics.
- Producing in-depth financial reports.
- Meeting performance and sales targets.
- Talking to customers about their plans and finances.
- Providing counselling, consultation and education regarding finances and investments.
Financial Advisors Near Guildford
Also: West Clandon financial advisors, Albury financial advisors, Wood Street Village financial advisors, Onslow Village financial advisors, Bellfields financial advisors, Woodbridge Hill financial advisors, Farncombe financial advisors, Burpham financial advisors, Artington financial advisors, Stoughton financial advisors, Compton financial advisors, Merrow financial advisors, Sutton Green financial advisors, Shalford financial advisors, Woodbridge financial advisors, Peasmarsh and more.
- Guildford Wealth Management
- Guildford Retirement Planning
- Guildford Life Insurance Advice
- Guildford Tax Advice
- Guildford Investment Advice
- Guildford Pension Advice
- Guildford Inheritance Advice
- Guildford Cheap Financial Advice
- Guildford Corporate Financial Advice
- Guildford Financial Services
- Guildford Financial Advice Quotations
- Guildford Mortgage Advice
- Guildford Cashflow Analysis
- Guildford Independent Financial Advice
Financial Advisors Around Guildford: Over the past year financial advice was provided in these Guildford streets: Aspen Close, Coltsfoot Drive, Dunmore, St Albans Close, Colmans Hill, Tannery Lane, Thornton Close, The Mount, Scott Close, Combe Lane, Ashley Gardens, Southway, Denzil Road, Bowers Close, Cotts Wood Drive, College Road, The Spinning Walk, Dunlin Rise, Tychbourne Drive, Brittens Close, The Quadrangle, Broadford Road, Chertsey Street, Dorrit Crescent, Trodds Lane, Southway Park, Derby Road, Bracken Close, Carroll Avenue, and in these Surrey postcodes: GU1 1JT, GU1 1PY, GU1 1LG, GU1 1RU, GU1 1HS, GU1 1NS, GU1 1EJ, GU1 1NL, GU1, GU1 1FW.
More Guildford Services: Needless to say, when you happen to be looking at your finances in Guildford, Surrey, you will likely be in need of all kinds of different services and together with mortgage brokers in Guildford, solicitors in Guildford, family lawyers in Guildford, bookkeeping in Guildford, payroll services in Guildford, contracts lawyers in Guildford, estate planning in Guildford, wills & probate in Guildford, debt recovery & collection in Guildford, tax preparation in Guildford, banruptcy lawyers in Guildford, accountants in Guildford, mortgage advice in Guildford, business financial planning in Guildford, investment advisors in Guildford, property law & conveyancing in Guildford, business consulting in Guildford, and other different Guildford experts.in Guildford, Surrey, you could also need
More Surrey Financial Advisors: More Reigate, Haslemere, Banstead, Ash, Walton-on-Thames, Dorking, Ewell, Horley, Chertsey, Sunbury-on-Thames, Windlesham, Hersham, Weybridge, Addlestone, Esher, Woking, Staines, Leatherhead, Farnham, Cranleigh, Epsom, Molesey, Redhill, Caterham, Godalming, Guildford and Camberley.:
If you're interested in local Guildford info look here
Independent financial advisor in GU1 area, telephone code 01483.
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