Financial Advisor Houghton Regis Bedfordshire (LU5): Finding a good financial advisor advisor in Houghton Regis can be a daunting experience, especially if you are needing financial advice for the first time. Whether you're searching for investments, mortgage, pensions or even insurance advice, all professional financial advisors are bound by one simple rule; they must all stick to the regulations of the Financial Conduct Authority (FCA). This comes with certain guarantees, therefore after getting advice from a FCA certified financial advisor in Houghton Regis, you can seek reparation from the Financial Ombudsman or the Financial Services Compensation Scheme, if something should go wrong.
When selecting a financial advisor in Houghton Regis, a good place to begin could be relatives and friends, but you must remember that your situation may not be the same as theirs, and you might need a different type of advice. Every financial advisor isn't suitable for everybody, and any advice they provide needs to be tailored to your particular situation. It is wise to speak to at least 3 different firms when you are selecting a financial advisor, since this is a big decision, and you need to find one that you can trust and feel at ease with, and also explore the options they can provide.
There are 2 main types of financial advisor in Houghton Regis; independent financial advisors (IFA) and restricted advisors. An independent financial advisor should not be restricted to the products or services of a single company. Independent financial advice must be given in an unbiased way and across the entire gamut of financial companies and products. Using an independent financial advisor should allow you to pick from the broadest possible array of services. A restricted financial advisor might be involved with a single product, such as a mortgage advisor, or be restricted to services and products from one particular provider.
Before any financial advisor in Houghton Regis takes you on as a client, they are required by the FCA to discuss their charges with you. You may be charged by the hour, a set fee or maybe even a specific percentage of your investment value, dependant upon product you are looking for. A free first consultation may be offered, so you can discuss your objectives and circumstances to find out if the advisor is a good fit. In some of the bigger Houghton Regis companies, you could find that your account is looked after by a team rather than an individual advisor.
Before any actual advice is given you'll have to complete a confidential disclosure form, called a "Fact Find" document, which informs the advising firm about your ambitions and financial situation. An Initial Disclosure, or Key Facts Document will also be handed to you, to provide details of the financial advisors themselves, detailing their scope of permissions in the financial arena and their situation for offering independent or restricted advice. This document should also lay out your legal rights and the possible options you can take if you aren't happy with the service provided, and want to complain. It should be simple to understand, written in plain language, and outline exactly what you are signing up for, together with the benefits and risks of going along with the advice. The cooling-off period should also be spelled out in this Key Facts Document. Within a certain period of time, this allows you to cancel your contract.
You should check the experience and qualifications of your financial advisor when you first talk to them. You should not be embarrassed about asking these questions, after all you're on the verge of entrusting your financial future to their expertise. All Houghton Regis 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 you check the Financial Services Register, you should not stress if your advisor's name does not show up on there; you should be able to locate the firm name, and this means that the legislation covers all of their advisors. If they're not able to provide these accreditations, the person cannot offer advice but can offer financial guidance. Guidance isn't subject to regulations in the way that financial advice is, meaning that if mistakes are made the client won't have any recourse.
You'll be asked about the level of risk you are willing and able to take on, if you are seeking advice on investing money. High risk investments could potentially offer higher rewards, but some or all of your capital could be lost. Your savings goals will have to be taken into account if decent investment and financial advice is to be given, i.e. how quickly you need access to your money, short or long term investments and how much capital you want to invest. One question you should ask yourself, which is usually overlooked, is just how much money you can actually afford to lose. This is generally referred to as your capacity for loss and may affect the services and products that may be offered to you.
You need to tell your financial advisor about any existing savings accounts, regular outgoing payments, mortgage loans or investments. This will give a clear and full picture of your current financial situation, without which the advice given will most likely not be the most suitable for you. Spreading the risk load across different products by diversifying your investments and savings, is something that smart financial advice should allow for. Having a knowledge of the best areas to consider, an experienced financial advisor will favour products that match your goals and financial situation.
Your financial advisor will try to communicate in as much plain speech as possible, to throw open the multifaceted world of finance. This will enable you to compare services and products that meet your needs, and come to an informed decision. If environmental issues are at the forefront of your mind, you could even ask that ethical savings and investment schemes take precedence. This doesn't just give you investment possibilities, but also allows you to support green energy or zero carbon projects, and steer clear of businesses and companies that do not share the same values as you do.
It could prove hard to manage your work and other obligations around working closely with a financial advisor in Houghton Regis. This can be alleviated by augmenting face-to-face appointments with video conferencing and phone calls, thus allowing you to get the guidance you need at times that are convenient. Even if you hardly ever have a one-on-one meeting with your advisor, a professional financial advice company in Houghton Regis will have strict measures in place to ensure your details are kept secure and confidential, because home and remote working is now a large part of our society.
You need to bear in mind that the financial world is a volatile sector, and the value of your investments can just as easily drop as well as rise. It can be extremely stressful and demoralising if your investment isn't making as much money as you were hoping for. Sadly, a downward spiral in your investment isn't a recognised cause for complaint, unless of course it's down to wrong or misleading information from your financial advisor.
As detailed in the Key Facts Document, any grievances should commence with the firm's official complaints procedure. You can tell the Financial Ombudsman about the problem if it remains unsolved within the timeframe set out by the regulating authority, and your advisor is a member of the Financial Conduct Authority.
The Financial Ombudsman will look into the cause of the complaint and come to a decision. If the complaint is justified, a decision is made on how to rectify the situation or financially compensate the customer. This will become a legally binding decision once it has been accepted by the customer, and the advisor and their firm must comply with the decision. The Ombudsman will also account for any trouble, distress, inconvenience and upset caused to the client during the dispute, and fix the level of compensation proportionately.
Financial advice can be provided in Houghton Regis and also in: Toddington, Dunstable, Eaton Bray, Luton, Totternhoe, Harlington, Leagrave, Wingfield, Billington, Stanbridge, Eggington, Chalton, Tebworth, Eddlesborough, Leighton Buzzard, Sundon, Hockliffe, Tilsworth, and in these postcodes LU5 5JN, LU5 5PU, LU5 5FF, LU5 5JG, LU5 5HZ, LU5 5HG, LU5 4TB, LU5 5DP, LU5 5HF, LU5 5BJ. Locally based Houghton Regis financial advisors will probably have the postcode LU5 and the phone code 01582. Click the "enquiry" banner or form to get info on financial advisors in your area.
Financial Advice Enquiries Bedfordshire
Recent Bedfordshire financial advice enquiries: Keira Sneddon and Harman Sneddon from Stewartby, Bedfordshire recently asked for information on pensions. Mr and Mrs Parker from Hockliffe, Bedfordshire recently enquired about family income benefit. Lillia Oleary and Cristian Oleary from Hockliffe, Bedfordshire recently enquired about getting financial advice. Sumayya Makin from Caddington, Bedfordshire recently enquired about mortgage advice. Francesco Jones and Blessing Jones from Wymington, Bedfordshire recently asked for information on investment bonds. Sasha James and Miller James from Riseley recently enquired about equity release. Cooper Wormald from Oakley recently enquired about investment advice. Dominik Heaton from Toddington recently asked for information on investment bonds.
The Daily Duties for a Financial Advisor
- A financial advisor keeps abreast of law changes and new products.
- A financial advisor recommends the best-suited financial products to customers.
- A financial advisor produces detailed financial reports.
- A financial advisor works with peers to obtain statistics, market information and trends.
- A financial advisor speaks with customers about their plans and finances.
- A financial advisor provides consultation, counselling and education with regards to investments and finances.
- A financial advisor collaborates with financial product providers.
- A financial advisor meets performance and sales targets.
- A financial advisor updates customers concerning their investments.
- A financial advisor maintains detailed records of customers and transactions.
Houghton Regis Financial Advice Services
There is a wide range of services which are provided by your local Houghton Regis financial advisor including financial services in Houghton Regis, investment advice in Houghton Regis, investment advice, inheritance tax planning, pension transfers in Houghton Regis, corporate bonds, equity release advice, divorce planning, personal financial planning, unit trusts, cashflow analysis, trusts in Houghton Regis, corporate financial planning, financial planning, pension reviews, annuity purchases in Houghton Regis, tax planning in Houghton Regis, family income benefit Houghton Regis, general financial planning, pension consolidation in Houghton Regis, long term care fee planning, business financial planning in Houghton Regis, investment bonds Houghton Regis, cash flow modelling, pension advice in Houghton Regis, and more.
Financial Advisors Near Houghton Regis
Also: Sundon financial advisors, Eaton Bray financial advisors, Dunstable financial advisors, Totternhoe financial advisors, Billington financial advisors, Luton financial advisors, Eggington financial advisors, Stanbridge financial advisors, Tilsworth financial advisors, Chalton financial advisors, Harlington financial advisors, Wingfield financial advisors, Toddington financial advisors, Eddlesborough financial advisors, Hockliffe financial advisors, Tebworth financial advisors, Leighton Buzzard financial advisors, Leagrave and more.
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Financial Advisors Around Houghton Regis: Folks who live in the following roads and streets have recently enquired about financial advice - Nash Close, Lovett Way, Trident Drive, Northview Road, Hammersmith Gardens, Gilpin Close, Evans Close, Bedford Road, Linden Court, Thornhill Close, Church End, Angels Lane, Humphrys Road, Coopers Way, St James Close, King Street, Park Road North, Kingsland Close, Keaton Close, Farm Close, The Lindens, Tudor Drive, Chelsea Gardens, Cemetery Road, Meads Close, Balmoral Road, Vicarage Road, as well as the following local Houghton Regis postcodes: LU5 5JN, LU5 5PU, LU5 5FF, LU5 5JG, LU5 5HZ, LU5 5HG, LU5 4TB, LU5 5DP, LU5 5HF, LU5 5BJ.
For the latest local info about Houghton Regis, Bedfordshire click here
Independent financial advisor in LU5 area, phone code 01582.
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