Financial Advisor Huntingdon Cambridgeshire (PE29): If you are seeking financial advice for the first time, trying to find a good independent financial advisor in the Huntingdon area can be a quite daunting experience. Whether you're searching for pension, mortgage, investments or even insurance advice, all financial advisors have one thing in common; they all have to stick to the regulations laid down by the Financial Conduct Authority (FCA). Any advice given through a FCA certified financial advisor in Huntingdon comes with guarantees that should things go awry, you can contact the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
When picking a financial advisor in Huntingdon, a decent place to begin could be friends and relatives, however you must bear in mind that your circumstances might not be the same as theirs, and you might be in need of a different kind of advice. Financial advice needs to be individually tailored to your unique situation, and you'll discover that some financial advisors might not be appropriate for you. To investigate the options they're offering and find a financial advisor you feel comfortable with and can trust, it pays to talk to at least 3 different companies, because after all picking a financial advisor is a big decision.
When it comes to picking a financial advisor in Huntingdon, there are basically two principal types; restricted advisors and independent financial advisors (IFA). The good thing about using an IFA is that they will not be limited to just one provider's services or products, and can offer a wide range of options. Covering the entire spectrum of financial products and companies, independent financial advice should be offered in an unbiased and impartial way to clients. This will enable you to pick from the widest possible range of products to meet your needs. A restricted advisor might be limited to services and products from a specific company, or might even concentrate on an individual product, as can happen with a mortgage advisor.
The Financial Conduct Authority requires that any Huntingdon financial advisor must discuss their charges with you, before taking you on as a client. Contingent on the type of product you require, you could be charged by the hour, a set fee or possibly even a slice of your investment. To allow you to discuss your aims and see if the advisor is a good fit for you and your situation, a free initial consultation may be offered. If you go to one of the bigger Huntingdon firms, your account could be looked after by a team of advisors rather than one person.
Before any actual advice is handed out you'll be asked to complete a confidential disclosure form, called a "Fact Find" document, which tells the advising company about your financial situation and goals. To provide details about the financial advisor, their status to offer independent or restricted advice and the scope of their permissions in the financial market, you'll also be given a Key Facts or Initial Disclosure Document. This document should also lay down your own legal rights and your options if you're not satisfied with the service provided, and wish to submit a complaint. It should be typed out in plain English and outline what you're committing yourself to, and any potential benefits and risks if you choose to accept the offered advice. This document must also inform you about the allowed cooling-off period. This permits you to change your mind within a certain time period, and cancel the contract with your financial advisor.
When chatting with your financial advisor initially you need to check their qualifications and experience. Asking these questions should not be a cause for embarrassment, because you're about to entrust them with your financial wellbeing. Every Huntingdon financial advisor must be able to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. You don't need to freak out if your particular financial advisor's name doesn't appear on the Financial Services Register, as long as the firm is listed on the register, their staff will be covered by the regulations. The individual may still offer financial guidance instead of advice, if these can't be provided. Guidance is somewhat different to advice as it isn't regulated in the same way, and if mistakes occur there may be no recourse to either party.
You'll be asked the amount of risk you're prepared to take on, if you are seeking advice on investing money. Bigger rewards may be possible with high risk investments, however you stand a greater chance of losing all or some of your funds. Your savings objectives will have to be taken into account if the best financial and investment advice is to be given, i.e. how much you have to invest, long or short term investments and how quickly you need access to your funds. One question you should ask of yourself, which is frequently neglected, is how much money you can actually afford to lose. This is known as your 'capacity for loss' and could affect the products and services that are offered to you.
If you've already got any current personal savings, mortgage loans, regular outgoing payments or investments, you have to let your financial advisor know about these. This gives a clear picture of your current financial circumstances, and without this the advice given may not be the best for you. Diversifying your savings and investments by spreading the risk across various products, is a vital part of reliable financial advice. In order to mirror your goals and financial circumstances, a professional financial advisor in Huntingdon will understand the best products to consider.
Your financial advisor will try to communicate in the clearest possible way, while throwing open the complex world of finance. This will enable you to compare services and products which match your needs, and make an informed decision. If you are environmentally minded, you can ask your financial advisor to stick to ethical investments and savings. This allows you to give your support to enterprises and companies that address your concerns, i.e. zero carbon or green energy, or perhaps steering clear of businesses that don't meet your standards.
Working closely with a financial advisor in Huntingdon can be tricky to manage around your work day and other obligations. This can be reduced by supplementing one-on-one meetings with video conferencing and telephone calls, hence allowing you to seek the advice you need at times that are convenient. Home and remote working is now so common, and any competent financial advice firm in Huntingdon will have strict measures in force to ensure your details are kept secure and confidential, even if you hardly ever have an in-person meeting with your advisor.
Investments can be a volatile area, and their values could go down as easily as they go up. If it just so happens that your investment is not making as much money as you hoped for, it can be a very demoralising and stressful time. However, unless it's due to misleading or incorrect information from your financial advisor, a downward spiral in your investment is not seen as a basis for complaint.
As outlined in the Key Facts Document, any disputes should start with the company's complaints procedure. You can let the Financial Ombudsman know about the situation if it remains unsolved within the time period stipulated by the regulating authority, and your financial advisor is registered with the FCA.
The Financial Ombudsman will come to a decision after independently reviewing the cause of the complaint. A decision is made on how to rectify the situation or financially compensate the customer, if the complaint is justified. The advisor and their firm must abide by any ruling that is made by the Ombudsman, which becomes a legally binding decision as soon as the customer has accepted it. Any hassle, annoyance, inconvenience and distress caused to the client during the process, will be considered when the Ombudsman sets the level of compensation.
Financial advice can be provided in Huntingdon and also in: Hemingford Grey, Alconbury, Alconbury Weston, Stukeley Meadows, Great Stukeley, Godmanchester, Little Stukeley, Sapley, Houghton, Brampton, Hartford, Ellington, Buckden, Offord Cluny, together with these postcodes PE28 2XB, PE29 1GL, PE29 1LW, PE29 1RL, PE28 0FG, PE29 1JR, PE29 1HY, PE29 1BY, PE29 1NF, PE29 1JE. Local Huntingdon financial advisors will probably have the postcode PE29 and the telephone dialling code 01480.
Daily Tasks of a Financial Advisor
- Financial advisors consistently update clients concerning their investments.
- Financial advisors maintain a record of potential transactions and customers.
- Financial advisors meet targets for sales and performance.
- Financial advisors produce comprehensive financial reports.
- Financial advisors negotiate with financial product providers.
- Financial advisors keep up to date with new products and law changes.
- Financial advisors work in collaboration with colleagues to collect statistics, market information and trends.
- Financial advisors chat with customers regarding their plans and finances.
- Financial advisors provide consultation, counselling and education regarding finances and investments.
- Financial advisors recommend the best-suited financial products to their customers.
Fundamental Skills for a Financial Advisor
- To have excellent time management skills.
- Excellent skills in customer service for determining client requirements.
- To have the ability to network and establish relationships with customers.
- To pay attention to detail and be thorough.
- An excellent level of maths knowledge for building financial packages.
- To be able to competently use a computer and the key software packages.
- The ability to sell products and services.
- Good management skills for the negotiation of product prices.
- To have attentive listening skills.
- Outstanding skills in verbal communication.
- An excellent knowledge and understanding of accounting and economics associated with financial products and markets.
Financial Advice Enquiries Cambridgeshire
Recent Cambridgeshire financial advice enquiries: Brayden and Kathryn Neal from Waresley, Cambridgeshire recently asked for information on life assurance. Ellie-Mae Rogers from Little Thetford, Cambridgeshire recently enquired about getting financial advice. Daisy-May Durham and Austin Durham from Little Downham recently enquired about investment advice. Mr and Mrs Hastings from Foxton recently enquired about financial planning. Eli Locke and Bridget Locke from Brampton recently enquired about life assurance. Mr and Mrs Atherton from Wicken recently asked for information on life assurance. Mr and Mrs Creasey from Castor, Cambridgeshire recently asked for information on equity release. Rosanna and Jenson Docherty from Hardwick recently asked for information on equity release.
Huntingdon Financial Advice Services
There is a range of services that are provided by your local Huntingdon financial advisor including investment bonds, annuity purchase, business financial planning in Huntingdon, financial analyst services in Huntingdon, pension drawdowns, retirement plans, divorce financial planning, will writing services in Huntingdon, ISA's, portfolio management Huntingdon, tax planning Huntingdon, unit trusts in Huntingdon, pension transfer advice in Huntingdon, life assurance, financial services in Huntingdon, pension advice, personal financial planning in Huntingdon, investment planning in Huntingdon, family income benefit, trustee investment services, mutual funds in Huntingdon, offshore investments, equity release advice in Huntingdon, financial planning, general financial planning in Huntingdon, and lots more.
Cambridgeshire Financial Advisors
Around Cambridgeshire you can also find: Orton Longueville investment advisors, Ramsey St Marys investment advice, Fowlmere investment advice, Coates investment advisors, Gorefield financial advice, Fowlmere financial advice, Northborough financial advisors, Great Shelford financial advice, Downham investment advisors, Tydd St Giles financial advice, Stretham financial advisors, Whittlesford investment advice, Westwick financial advisors, Harston financial advice, Barton investment advice, Burwell financial advisors, Willingham financial advice, Dullingham financial advisors, Haslingfield financial advice, Thorney investment advice, Impington investment advisors, Murrow investment advice, Waterbeach financial advice, Great Shelford investment advisors, Comberton investment advice, Little Shelford financial advisors, Manea financial advisors, Hardwick investment advisors, Elm financial advice, Duxford investment advice.
Financial Advisors Near Huntingdon
Also: Houghton financial advisors, Sapley financial advisors, Godmanchester financial advisors, Stukeley Meadows financial advisors, Offord Cluny financial advisors, Brampton financial advisors, Hemingford Grey financial advisors, Alconbury Weston financial advisors, Buckden financial advisors, Ellington financial advisors, Alconbury financial advisors, Great Stukeley financial advisors, Little Stukeley financial advisors, Hartford and more.
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Financial Advisors Around Huntingdon: Financial advisors were recently needed by folks living in Bromholme Lane, Stirling Close, Chaucer Place, Trafalgar Road, Dove House Wood, Bream Close, Chapel Row, Berkley Court, Carnaby, The Green, The Wheatsheaves, Squires Close, Carlisle Terrace, Chichester Way, Throckmorton, Alconbury Hill, Stour Close, Ambury Road, Spinney Close, Chapel End, Scorney, Salisbury Close, Scholars Avenue, Buskett Hill, Broom Way, Chester Road, Burleigh Road, Decrease Drove, Audley Close and these Huntingdon postcodes: PE28 2XB, PE29 1GL, PE29 1LW, PE29 1RL, PE28 0FG, PE29 1JR, PE29 1HY, PE29 1BY, PE29 1NF, PE29 1JE.
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Huntingdon Cambridgeshire: The attractive and historic market town of Huntingdon can be found in the Eastern district of England in the county of Cambridgeshire. Huntingdon is about 20 miles from Cambridge and 10 miles from St Neots, towns and villages close by include Offord Cluny, Stukeley Meadows, Great Stukeley, Brampton, Hartford, Houghton, Alconbury Weston and Hemingford Grey. Huntingdon is in the postcode district PE 26, PE28 and PR29, has a population of about 24,000 and has the telephone dial code 01480. Huntingdon was formerly in Huntingdonshire, it received its charter in 1205 from King John. To find out local info regarding Huntingdon, Cambridgeshire click here. (Tags: Huntingdon Cambs, Huntingdon England, Huntingdon United Kingdom, Huntingdon Cambridgeshire)
Independent financial advisor in PE29 area, telephone code 01480.
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