Financial Advisor Hove East Sussex (BN3): Locating a first-rate independent financial advisor in the Hove area can be a daunting experience, in particular if you are needing financial advice for the first time. Whether it's mortgage, pension, investment or even insurance guidance that you're searching for, there's one common rule for all professional financial advisors; they all have to follow Financial Conduct Authority regulations. The advantage of this is that should a financial advisor who is FCA registered give you poor advice, and anything goes awry, 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 relatives can be a good starting place in choosing a financial advisor in Hove, but bear in mind that their needs might be different to what you're looking for. Not every financial advisor is suitable for everybody, and their advice should be personalised to your specific situation. It pays to chat to at least three different firms when you are choosing a financial advisor, because this is a major decision, and you will be looking to find one that you feel comfortable with and can trust, and explore the options they can provide.
There are 2 main kinds of financial advisor in Hove; restricted advisors and independent financial advisors. Offering a wide range of options, an IFA won't be limited to the services and products of a single company. Encompassing the full spectrum of financial companies and products, independent financial advice must be given in an unbiased and impartial way to customers. This will permit you to select from the broadest range of services to suit your needs. If you go to a restricted financial advisor you will soon realise that they might be limited to products and services of a particular firm, or as with a mortgage advisor, may only be focused on one solitary product.
The FCA demands that any Hove financial advisor must discuss their charges with you, before taking you on as a client. You could be charged a set fee, by the hour or perhaps even a percentage of your investment, in accordance with type of service you are interested in. To discuss your objectives and determine whether the advisor is the correct fit for your situation, a free preliminary consultation may be offered. In some of the larger Hove firms, you might find that your account is managed by a team as opposed to an individual advisor.
To describe your objectives and financial situation to the advising company, you'll be required to fill in a "Fact Find" form, which is a confidential disclosure document. To provide information about the financial advisor, their status to offer restricted or independent advice and their scope of permissions in the financial market, you'll also be handed an Initial Disclosure Document, or Key Facts Document. This document will also set down your legal rights and the options you can take if you're not happy with the service, and wish to make a complaint. It has to be easy to understand, written in layman's terms, and describe exactly what you're signing up for, along with the risks and benefits of taking the proffered advice. You will find the level of cooling-off period in this document. This permits you to cancel your agreement within a specific number of days, and whenever any penalty charges are incurred.
You should check what qualifications and experience the financial advisor has the first time you speak with them. You should never be self-conscious about asking such questions, after all you are on the verge of entrusting your long-term financial wellbeing to their skill. A Level 4 qualification in financial advice is the minimum required certification for any financial advisor in Hove, and they must also be able to provide you with an annual Statement of Professional Standing. If your advisor's name does not show up on the Financial Services Register, you don't need to freak out, the company the individual works for should be found on the register and their employees will be covered by the regulations. If these can't be presented the individual can still offer financial guidance instead of financial advice. In terms of finance guidance differs to advice and isn't regulated in the same way. Therefore there isn't any recourse for the client if financial errors are made.
If it is investments that you are interested in, your advisor will want to know the level of risk you might be willing to take on with your hard-earned money. High risk investments may offer higher rewards, however some or all of your money could be lost. Your savings objectives will have to be carefully considered if good quality investment and financial advice is to be given, i.e. how much money you want to invest, how rapidly you need access to your money and long or short term investments. You should invariably ask yourself the one crucial question, how much can you afford to lose. This is commonly called your 'capacity for loss' and may well influence the products and services that may be offered for your consideration.
You will need to let your financial advisor know about your current investments, regular outgoings, personal savings or mortgage loans. They will need these details, so they can get a clear picture of your financial circumstances and give the correct advice for you. Spreading the risk load across a number of different products through the diversification of your savings and investments, is something that sound financial advice should encompass. An experienced financial advisor in Hove will understand the best products to consider, which reflect your financial situation and your goals.
Your financial advisor will attempt to communicate in as plain a speech as possible, to open up the complex world of finance. After learning about the various services and products that match your needs, you should be able to come to an informed and deliberative decision. If you are environmentally minded, you can even ask your advisor to stick to ethical savings and investments. This will allow you to give your support to companies and enterprises which match your concerns, e.g. renewable energy or zero carbon, or perhaps staying away from companies that don't meet your criteria.
It can prove hard to manage your work life and other commitments around a close working relationship with your financial advisor in Hove. This can be reduced by augmenting face-to-face meetings with video conferencing and phone calls, hence enabling you to seek the guidance you need at times that are convenient. Remote and home working is now commonplace, and a professional financial advice firm in Hove will have rigorous measures in place to keep your details confidential and secure, even if you hardly ever have a one-to-one meeting with your advisor.
Investments can easily go down as well as up, since the financial world can be a volatile one. If it happens that your investment isn't making the amount of money you hoped for, it can be a frustrating and worrying time. A downward spiral in your investment is not seen as a basis for complaint, unless your advisor has given you wrong or misleading information.
As detailed in the Key Facts Document, any complaints should start out with the firm's official complaints procedure. You can tell the Financial Ombudsman about the situation if it is unresolved within the period set by the regulating authority, and your advisor is a member of the Financial Conduct Authority.
After reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. A decision is made on how to financially compensate the customer, if the complaint is justified. Once the ruling is accepted by the customer it becomes a legally binding decision which the financial advisor and their company, must comply with. Any compensation laid down by the Ombudsman will also account for any trouble, upset, distress and inconvenience caused to the customer during the process.
Financial advice can be provided in Hove and also nearby in: Falmer, Patcham, Cliveden Close, Stanmer, Poynings, Mile Oak, Portslade, Brighton, Fishergate, Small Dole, Hangleton, Aldrington, Shoreham-by-Sea, Portslade-by-the-Sea, West Hove, Southwick, Pyecombe, Fulking, Upper Beeding, Denmark Villas, Preston, and in these postcodes BN3 1AP, BN1 2BN, BN3 1PA, BN1 3AB, BN3 1FG, BN1 3AQ, BN3 1DF, BN3 1PF, BN3 1RH, BN1 5AS. Local Hove financial advisors will probably have the postcode BN3 and the telephone code 01273.
Fundamental Skills for Financial Advisors
- An excellent level of mathematical knowledge for producing financial strategies.
- To have the ability to listen attentively
- To have the ability to network and establish relationships with clients.
- Good management skills for the negotiation of product rates.
- Good verbal communication skills.
- Good skills in customer service for establishing client needs.
- The ability to sell products and services.
- To have excellent IT skills.
- A thorough knowledge and understanding of economics and accounting relating to financial products and markets.
- To be thorough and pay attention to detail.
- To have excellent time management skills.
Hove Financial Advice Services
There is a range of services which are provided by your local Hove financial advisor including financial services in Hove, investment planning, retirement planning in Hove, pension drawdowns, pension consolidation, offshore investments, corporate financial planning Hove, pension plans Hove, trustee investment services, corporate bonds, ethical investments, long term care fee advice Hove, mortgage financial planning in Hove, pension transfers, inheritance tax planning in Hove, annuity purchase in Hove, business planning, equity release Hove, cashflow analysis, stakeholder pension advice Hove, unit trusts, financial planning, tax planning Hove, cash flow modelling, life insurance advice Hove, and more.
East Sussex Financial Advice Enquiries
The latest East Sussex financial advice enquiries: Kevin Harley from Uckfield, East Sussex recently enquired about pension advice. Mr and Mrs Peebles from Fletching recently asked for information on mortgages. Josephine Ellis and Ernie Ellis from Ditchling recently asked for information on pensions. Leland Simon from Alfriston, East Sussex recently asked for information on financial planning. Yusra Mullins and Karol Mullins from North Chailey, East Sussex recently enquired about family income benefit. Emanuel Head and Nylah Head from Mayfield recently enquired about life assurance. Viktoria and Declan Jobson from Wadhurst, East Sussex recently asked for information on financial planning. Lyra Masters from Beckley, East Sussex recently asked for information on offshore investments.
East Sussex Financial Advisors
In the East Sussex area you can also get: Hurst Green financial advice, East Hoathly investment advisors, Westfield investment advisors, Chiddingly investment advice, Ewhurst financial advisors, Chiddingly financial advice, Ditchling financial advice, Hollington financial advice, Frant financial advice, Icklesham investment advisors, Rotherfield financial advice, East Hoathly financial advice, South Chailey financial advice, Battle financial advice, Beckley financial advice, Danehill financial advice, Maresfield financial advisors, Kingston Near Lewes investment advice, Wivelsfield financial advice, Frant investment advisors, Fletching financial advice, Chailey financial advice, Saltdean financial advisors, Horam financial advisors, Portslade By Sea financial advisors, Uckfield financial advisors, Herstmonceux investment advice, Crowhurst investment advice, Five Ashes investment advisors, Kingston Near Lewes investment advisors.
Financial Advisors Near Hove
Also: Patcham financial advisors, Southwick financial advisors, Portslade financial advisors, Pyecombe financial advisors, Denmark Villas financial advisors, Preston financial advisors, Upper Beeding financial advisors, Fulking financial advisors, Small Dole financial advisors, Stanmer financial advisors, Cliveden Close financial advisors, Poynings financial advisors, Falmer financial advisors, Hangleton financial advisors, Mile Oak financial advisors, Shoreham-by-Sea financial advisors, Fishergate financial advisors, West Hove financial advisors, Portslade-by-the-Sea financial advisors, Brighton financial advisors, Aldrington and more.
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Financial Advisors Around Hove: People who live in the following areas and streets have recently enquired about financial advice - The Droveway, Torrance Close, Brunswick Road, Dorothy Road, Shirley Street, Cambridge Grove, Sunninghill Avenue, Coleridge Street, Tongdean Road, Sackville Road, Cromwell Road, Sherbourne Way, Clarke Avenue, Tongdean Avenue, Chanctonbury Road, Cambridge Road, St Helens Crescent, Albert Mews, Silverdale Road, Albany Villas, Dallington Road, Devils Dyke Road, Stirling Place, Chatsworth Road, Stonecroft Close, Bigwood Avenue, Bolsover Road, The Dene, as well as these local Hove postcodes: BN3 1AP, BN1 2BN, BN3 1PA, BN1 3AB, BN3 1FG, BN1 3AQ, BN3 1DF, BN3 1PF, BN3 1RH, BN1 5AS.
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Independent financial advisor in BN3 area, phone code 01273.
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