Financial Advisor Hanley Staffordshire (ST1): If you're in search of financial advice for the first time, trying to find a first-rate independent financial advisor in the Hanley area can be a daunting experience. Whether it's investment, pensions, mortgage or even insurance advice that you're after, there's one common rule for all qualified financial advisors; they all have to stick to Financial Conduct Authority regulations. The benefit of this is that should a financial advisor who is FCA registered give you poor advice, and anything goes wrong, you have guarantees, and can get in touch with the Financial Ombudsman or the Financial Services Compensation Scheme to have it put right.
Recommendations from friends and family can be a good starting point in picking a financial advisor in Hanley, but bear in mind that their situation could be different to the sort of advice you are looking for. Any advice they provide should be tailored to your specific circumstances, and not every financial advisor is suitable for everyone. To explore the options they are offering and find a financial advisor that you can trust and feel at ease with, it pays to speak to at least 3 different companies, because after all picking a financial advisor is an important decision.
When it comes to picking a financial advisor in Hanley, there are essentially 2 main types; restricted advisors and independent financial advisors. The good thing about using an IFA is that they will not be confined to the services or products of just one provider, and can offer a broader range of options. Independent financial advice must encompass the full gamut of financial companies and products, and must be given in an impartial way. Consulting an independent financial advisor should enable you to select from the broadest possible range of products. A restricted advisor might be tied to services and products from a particular company, or might even concentrate on one particular product, as can happen with a mortgage advisor.
Before any Hanley financial advisor accepts you as a client, they're required by the Financial Conduct Authority to be fully transparent with you about their charges. You might be charged by the hour, a set fee or possibly even a percentage of your investment, based upon product you are looking for. You may be offered a free initial consultation to enable you to discuss your aims and find out if the advisor is the proper choice for your circumstances. In some larger Hanley firms, you may find that your account is being managed by a team rather than an individual advisor.
You'll be required to fill in a "Fact Find" document, which is a confidential disclosure form relating your objectives and financial situation to the advising company. To provide information about the financial advisor, their situation for offering restricted or independent advice and their range of permissions in the financial arena, you'll also be given a Key Facts or Initial Disclosure Document. This document should also make clear your legal rights and the options you can take if you are not happy with the service, and need to submit a complaint. It should be easy to understand, written in plain English, and outline precisely what you are committing yourself to, together with the risks and benefits of accepting the proffered advice. You'll find the amount of cooling-off period in this document. This makes it possible for you to cancel your contract within a specific time period, and if any penalties have to be paid.
You should check the experience and qualifications of the financial advisor the first time you speak to them. Don't be embarrassed about asking these questions, after all you are on the verge of entrusting your long-term financial wellbeing to their skill. All financial advisors in Hanley must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. If the advisor's name does not show up on the Financial Services Register, you don't need to panic, the firm the individual works for should be found on the register and their personnel are all covered by the regulations. If these can't be provided the individual may still offer financial guidance instead of advice. Guidance isn't regulated in the way that financial advice is, meaning that if errors arise neither party will have any recourse.
If you're seeking advice on investments you will be asked the amount of risk you are comfortable with. Higher rewards might be possible with higher risk investments, however you may also lose some or all of your capital. In order to get the most effective financial and investment advice, your savings objectives must be considered, i.e. how much you wish to invest, how quickly you need to access your money and long or short term investments. "How much can you actually afford to lose?" Is the one crucial question that you should really be asking yourself. This is generally referred to as your 'capacity for loss' and may influence the products and services that could be offered to you.
If you already have any existing mortgage loans, regular outgoings, investments or savings, you should let your financial advisor know about these. To ensure that you get the most suitable advice for you, they need to have a clear and full picture of your financial situation. Spreading the risk load across various products through the diversification of your savings and investments, is something that reliable financial advice should allow for. A certified financial advisor in Hanley will understand the best products to consider, which reflect your financial situation and your goals.
Your financial advisor will try to communicate in the clearest possible way, to throw open the multifaceted world of finance. You should be in a position to come to an informed and considered decision when you have learned about the various products and services which match your needs. If the environment is at the forefront of your mind, you could even ask that ethical investment and savings schemes take top priority. This allows you to give your support to enterprises and firms which address your concerns, e.g. green energy or zero carbon, or perhaps keeping away from companies that do not meet your criteria.
It is not that easy to have a close working relationship with a financial advisor in Hanley without this impacting your work day and other commitments. One-on-one meetings can be augmented with video conferencing and phone calls to allow you to get advice at a time to suit you. Any professional financial advice firm in Hanley will have stringent measures in place to ensure your details are kept confidential and secure, even if you rarely have a one-on-one meeting with your personal advisor, because home and remote working is now so common.
Investments can go down as well as up, because the financial world can be a volatile one. If it happens that your investment is not making the amount of money you were hoping for, it can be a worrying and demoralising time. Unfortunately, a downward spiral in your investment is not a recognised basis for complaint, unless of course it's due to misleading or incorrect information from your advisor.
The firm's complaints procedure should be the kick off point for any grievances, and the Key Facts Document will explain this. If the matter remains unsolved within the time period stipulated by the regulating authority, and your financial advisor is a member of the Financial Conduct Authority, you can notify the Financial Ombudsman.
The Financial Ombudsman will make a ruling after reviewing the cause for complaint independently. A decision will be made on how to rectify the situation or financially compensate the customer, if the complaint is upheld. The advisor and their firm must abide by any ruling that is made, which becomes a legally binding decision as soon as the customer has agreed to it. The Financial Ombudsman will also take into account any annoyance, distress, inconvenience and hassle caused to the customer during the process, and set the level of compensation accordingly.
Financial advice can be provided in Hanley and also in: Cliffe Vale, Shelton, Etruria, Ash Bank, Bucknall, Smallthorne, Sneyd Green, Northwood, Baddeley Edge, Newcastle-under-Lyme, Abbey Hulton, Stoke-on-Trent, Basford, Milton, and in these postcodes ST1 2LJ, ST1 2JE, ST1 1JY, ST1 2HN, ST1 1HE, ST1 2DN, ST1 2HX, ST1 2PX, ST1 2BJ, ST1 1NR. Locally based Hanley financial advisers will probably have the postcode ST1 and the dialling code 01782.
Hanley Financial Advice Services
There is a variety of services which are provided by your local Hanley financial advisor including family income benefit, bridging finance in Hanley, independent financial advice Hanley, mutual funds, long term care fee advice in Hanley, life assurance, ethical investments, stakeholder pension advice, tax planning, financial analyst services Hanley, offshore investments, corporate bonds in Hanley, personal financial planning, pension advice, will writing services, unit trusts, portfolio management Hanley, income protection, cash flow modelling in Hanley, general financial planning in Hanley, pension drawdowns, mortgage financial planning, inheritance tax planning, financial planning, investment bonds, and more.
Daily Duties of a Financial Advisor
- Consistently updating customers about their investments.
- Keeping fully up to date with new financial products and law changes.
- Speaking to customers about their finances and plans.
- Working in collaboration with colleagues to collect market information, statistics and trends.
- Producing financial reports.
- Making deals with with providers of financial products.
- Maintaining a record of customers and transactions.
- Researching financial products and explaining them simply and clearly to clients.
- Providing consultation, education and counselling with regards to investments and finances.
- Meeting targets for sales and performance.
Staffordshire Financial Advisors
Around Staffordshire you'll also obtain: Bilbrook financial advisors, Wheaton Aston financial advisors, Burton investment advisors, Shenstone financial advisors, Leigh financial advice, Hednesford financial advice, Shobnall investment advice, Upper Tean investment advisors, Seisdon investment advice, Handsacre financial advice, Haughton investment advisors, Huntington investment advisors, Barlaston financial advice, Fazeley financial advice, Pattingham investment advice, Draycott in the Clay investment advisors, Denstone investment advisors, Swynnerton investment advice, Brizlincote investment advisors, Handsacre investment advice, Draycott in the Clay financial advisors, Little Haywood investment advisors, Tunstall investment advice, Perton investment advisors, Bignall End investment advice, Winshill investment advisors, Anglesey investment advice, Silverdale investment advice, Alton investment advice.
Financial Advisors Near Hanley
Also: Milton financial advisors, Abbey Hulton financial advisors, Shelton financial advisors, Northwood financial advisors, Baddeley Edge financial advisors, Ash Bank financial advisors, Etruria financial advisors, Cliffe Vale financial advisors, Stoke-on-Trent financial advisors, Bucknall financial advisors, Sneyd Green financial advisors, Smallthorne financial advisors, Basford financial advisors, Newcastle-under-Lyme and more.
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Financial Advisors Around Hanley: In the last twelve months financial advice was provided in the following Hanley streets: Statham Street, Guildford Street, Inglis Street, Shallowford Court, Timmis Street, Norfolk Street, Parliament Row, Houghton Street, Stoke Road, Eastwood Place, Bird Cage Walk, Davis Street, Boothroyd Street, Brockley Square, Broomfield Place North, Avenue Road, New Hall Street, Clyde Street, Squires View, The Parkway, John Street, Black Horse Lane, Cardiff Grove, Watersedge Grove, Morley Street, Josiah Wedgwood Street, Percy Street, Broad Street, Richmond Terrace, Milton Street, and in these Staffordshire postcodes: ST1 2LJ, ST1 2JE, ST1 1JY, ST1 2HN, ST1 1HE, ST1 2DN, ST1 2HX, ST1 2PX, ST1 2BJ, ST1 1NR.
More Hanley Services: Needless to say, whenever you are looking at your finances in Hanley, Staffordshire, you'll probably need all kinds of different services and along with wills in Hanley, estate planning in Hanley, debt recovery & collection in Hanley, payroll services in Hanley, banruptcy lawyers in Hanley, accounting in Hanley, solicitors in Hanley, mortgage brokers in Hanley, investment advisors in Hanley, bookkeepers in Hanley, contracts lawyers in Hanley, business financial planning in Hanley, tax preparation in Hanley, business consulting in Hanley, family lawyers in Hanley, mortgage advice in Hanley, property law & conveyancing in Hanley, and other different Hanley experts.in Hanley, Staffordshire, you may also need
Hanley Financial Advisor Jobs: View financial adviser jobs near Hanley by clicking here: General Financial Advisor Jobs
More Staffordshire Financial Advisors: More Burntwood, Hednesford, Leek, Newcastle-under-Lyme, Kidsgrove, Stone, Hanley, Wombourne, Burslem, Lichfield, Longton, Stafford, Heath Hayes, Rugeley, Tamworth, Biddulph, Fenton, Uttoxeter, Stoke-on-Trent, Cannock and Burton-upon-Trent.:
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Independent financial advisor in ST1 area, (dialling code 01782).
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