Financial Advisor Hounslow Greater London (TW3): Locating a good financial advisor advisor in the Hounslow area can be a daunting experience, particularly if you are needing financial advice for the first time. Whether it's mortgage, investments, pensions or even insurance guidance that you're searching for, there is one common rule for all professional financial advisors; they must all stick to Financial Conduct Authority regulations. Any advice given by a FCA approved financial advisor in Hounslow comes with certain guarantees that should things go wrong, you can contact the Financial Services Compensation Scheme or the Financial Ombudsman.
A decent starting place in choosing a financial advisor in Hounslow can be relatives and friends, but keep in mind that the kind of advice you're searching for may be significantly different to theirs. Any advice they provide should be adapted to your unique circumstances, and not every financial advisor is suitable for everyone. To check out the options they are offering and find a financial advisor you can trust and feel at ease with, it is a good idea to talk with at least three different companies, because after all choosing a financial advisor is a major decision.
When you're looking to pick a financial advisor in Hounslow, there are basically 2 principal types; restricted advisors and independent financial advisors. Offering a wider range of options, an IFA won't be restricted to the services or products of just one provider. Covering the full gamut of financial companies and products, independent financial advice should be offered in an impartial and unbiased way to customers. Consulting an IFA should enable you to select from the broadest possible range of products. A restricted advisor might be focused on a single product, such as a mortgage advisor, or be restricted to services and products from one particular provider.
Before any financial advisor in Hounslow accepts you as a client, they are required by the FCA to fully discuss their charges with you. Dependant upon the type of product you are looking for, you could be charged a set fee, by the hour or possibly even a slice of your investment. A free initial consultation will sometimes be offered, so that you can discuss your aims and circumstances to see if the advisor is a good fit. If you go to one of the larger Hounslow firms, your account could be handled by a team of advisors rather than just one person.
To summarise your goals and financial situation to the advising firm, you'll need to fill in a "Fact Find" document, which is a confidential disclosure form. A Key Facts or Initial Disclosure Document will also be given to you, providing details of the financial advisors themselves, explaining the extent of their permissions in the financial arena and their status to offer restricted or independent advice. This document should also make clear your own rights and your options if you are not satisfied with the service provided, and need to submit a complaint. It has to be easily understood, written in plain language, and explain precisely what you are committing yourself to, along with the risks and benefits of accepting the proffered advice. The cooling-off period should also be spelled out in this Key Facts Document. This permits you to change your mind within a specific time frame, and cancel your contract with the financial advisor.
The very first time you are talking to the financial advisor make sure you check what qualifications and experience they have. After all you're about to entrust your long-term financial wellbeing to their skill, so you should not be self-conscious about asking such questions. A Level 4 qualification is the minimum qualification for any financial advisor in Hounslow, and they also have to be able to show an annual Statement of Professional Standing. When checking the Financial Services Register, you shouldn't stress if your financial advisor's name does not appear on there; you will probably find the company name, and this means that the legislation covers all of their advisors. The person may still offer financial guidance rather than advice, if these can't be provided. In financial terms guidance is somewhat different to advice and isn't regulated in the same way. Therefore there isn't any recourse for the client if errors arise.
If it's investments that you are interested in, your advisor will question you about the amount of risk you are willing and able to take on with your hard-earned cash. Higher rewards might be possible with high risk investments, however you stand a greater chance of losing some or all of your capital. Good investment and financial advice should take into account your savings aims, i.e. how much money you want to invest, how quickly you need access to your money and short or long term investments. "How much money can you actually afford to lose?" Is the one important question that you really need to ask yourself. This may well affect the services and products that could be offered for your consideration, and is generally known as your 'capacity for loss'.
You should tell your financial advisor about any existing investments, personal savings, regular outgoing payments or mortgage loans. This gives a full and clear picture of your financial situation, without which the advice you are given may not be the most suitable for you. Good quality financial advice should allow for diversifying your investments and savings by spreading the risk load across various different products. So as to match your financial situation and goals, a certified financial advisor in Hounslow will be aware of the best products to consider.
Your financial advisor will communicate in the clearest possible way, while revealing the complex world of finance. This will enable you to compare services and products that match your needs, and make an informed decision. You could maybe ask your financial advisor to only specify ethical savings and investments. You can then keep clear of firms that businesses meet your criteria, but instead lend your support to those companies and enterprises that match your concerns, for example renewable energy or zero carbon.
It's not always easy to have a close working relationship with a financial advisor in Hounslow without this impacting work and other obligations. One-on-one meetings can be backed up with telephone calls and video conferencing to allow you to seek advice at a time to suit you. Any competent financial advice provider in Hounslow will have rigorous measures in place to ensure your details are kept secure and confidential, even if you never have a one-to-one meeting with your advisor, because remote and home working is no longer unusual.
The value of your investments could go down as well as up, and this is something that you have to bear in mind. If it happens that your investment isn't making the amount of money you hoped for, it can be an extremely frustrating and worrying time. However, except if it is down to wrong or misleading information from your advisor a downward trend in your investment isn't seen as a grounds for complaint.
As described in the Key Facts Document, any disputes should begin with the firm's official complaints procedure. If the financial advisor is a member of the FCA, you can tell the Financial Ombudsman about the issue if it is unsolved within the time set by the regulating body.
The Financial Ombudsman will make a ruling after independently reviewing the cause of the complaint. A decision will be made on how to financially compensate the client, if the complaint is justified. Once the ruling is agreed on by the customer it becomes a legally binding decision which the financial advisor and their company, must comply with. Any distress, trouble, annoyance and inconvenience caused to the customer during the process, will be considered when the Financial Ombudsman sets the level of compensation.
Financial advice can be provided in Hounslow and also nearby in: North Feltham, Southall Green, Harlington, Cranford, Sunbury, Hanworth, Feltham, Whitton, Ashford, Osterley, Hampton, Twickenham, Heston, Upper Halliford, London, and in these postcodes TW13 4DQ, TW13 4AB, TW13 4HF, TW13 4DU, TW13 4AZ, TW13 4AA, TW1 9LH, TW13 4HS, TW1 1DX, TW1 1EU. Local Hounslow financial advisers will probably have the postcode TW3 and the dialling code 020. Click the "enquiry" form or banner to get details about financial advisors in your area.
Skills Needed to be a Financial Advisor
- Good customer service skills for determining client needs.
- To be thorough and pay attention to detail.
- To have the ability to listen attentively
- To be able to network and build solid relationships with customers.
- To have the ability to use a computer and the appropriate software programs.
- Good management skills for negotiating product rates.
- A good understanding and knowledge of economics and accounting relating to financial products and markets.
- A good level of math knowledge for producing financial packages.
- To have excellent time management skills.
- The ability to promote financial services and products.
- Excellent verbal communication skills.
Hounslow Financial Advice Services
There are a number of different services which are provided by your local Hounslow financial advisor including annuities, ISA's, portfolio management, investment planning, financial planning, pension planning, cheap financial advice, independent financial advice in Hounslow, corporate bonds, annuity purchase in Hounslow, will writing services in Hounslow, cash flow modelling in Hounslow, divorce planning in Hounslow, pension drawdowns, stakeholder pension advice in Hounslow, family income benefit, trusts Hounslow, inheritance tax planning in Hounslow, general financial planning in Hounslow, mortgage services, long term care fee advice, offshore investments, retirement plans, life insurance, investment bonds, and more.
Regular Tasks of a Financial Advisor
- A financial advisor researches financial products and explains them clearly and simply to customers.
- A financial advisor keeps up to date with new products and regulation changes.
- A financial advisor works with associates to gather market information, statistics and trends.
- A financial advisor provides education, counselling and consultation with regards to investments and finances.
- A financial advisor updates clients regarding their investments.
- A financial advisor produces financial reports.
- A financial advisor negotiates with providers of financial products.
- A financial advisor meets targets for performance and sales.
- A financial advisor chats with customers about their finances and plans.
- A financial advisor maintains detailed records of clients and transactions.
Financial Advisors Near Hounslow
Also: Hampton financial advisors, North Feltham financial advisors, Hanworth financial advisors, Ashford financial advisors, Harlington financial advisors, Heston financial advisors, Cranford financial advisors, Upper Halliford financial advisors, Osterley financial advisors, Whitton financial advisors, Sunbury financial advisors, Feltham financial advisors, Twickenham financial advisors, London financial advisors, Southall Green and more.
- Hounslow Tax Advice
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Financial Advisors Around Hounslow: Some Hounslow areas and streets where financial advice has recently been given - Derby Estate, The Everglades, Stucley Road, Balfour Road, Alderney Avenue, Cecil Road, Anderson Place, Connaught Avenue, Cavalry Crescent, Southall Lane, The Orchard, Central Avenue, Beavers Crescent, Beaulieu Close, Belgrave Road, Spring Grove Road, Church Stretton Road, Beaufort Gardens, Stanley Road, Stirling Grove, Alexandra Gardens, Adelaide Road, Albert Road, Somerset Waye, Cambridge Close, Barrack Road, Sandown Close, Corban Road, Tennyson Road, as well as the following local Hounslow postcodes: TW13 4DQ, TW13 4AB, TW13 4HF, TW13 4DU, TW13 4AZ, TW13 4AA, TW1 9LH, TW13 4HS, TW1 1DX, TW1 1EU.
If you want local information relating to Hounslow, Greater London look here
Independent financial advisor in TW3 area, and dialling code 020.
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