Financial Advisor Hythe Hampshire (CT21): It can be a challenging experience trying to find a decent independent financial advisor in the Hythe area, in particular if it is the first time that you're in search of financial advice. Whether it's pension, investment, mortgage or even insurance advice that you are after, there is one common rule for all qualified financial advisors; they must all follow Financial Conduct Authority (FCA) regulations. Any advice given by a FCA approved financial advisor in Hythe comes with certain guarantees that should anything go wrong, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman.
A good starting place when picking a financial advisor in Hythe could be friends and family, but keep in mind that the sort of advice you're searching for could be different to theirs. Their advice needs to be adapted to your unique circumstances, and every financial advisor isn't suitable for everybody. Choosing the right financial advisor is important and it is wise to talk with at least three different firms so as to explore the options they provide, and to find one you feel comfortable with and can trust.
Independent financial advisors (IFA) and restricted advisors, are the two main kinds of financial advisor in Hythe. The benefit of seeing an IFA is that they will not be limited to just one company's services and products, and can offer a wide range of options. Encompassing the whole gamut of financial products and companies, independent financial advice must be given in an unbiased and impartial way to clientele. If you decide to use an independent financial advisor, you will be able to select from the widest possible array of services, so as to find the perfect solution for you. If you use a restricted advisor you'll find that they could be restricted to services and products of a specific company, or as in the case of a mortgage advisor, may only be involved with one individual product.
Before accepting you as a client, any financial advisor in Hythe must be transparent about their charges, as required by the FCA. Subject to the type of service you're looking for, you could be charged by the hour, a set fee or possibly even a percentage of your investment. A free first consultation might be offered, so you can discuss your objectives and situation to see if the advisor is the best fit. If you go with one of the bigger Hythe firms, your account may be handled by a team of advisors rather than a single individual.
You will need to fill out a "Fact Find" form, which is a confidential disclosure document relating your goals and financial situation to the advising company. An Initial Disclosure Document, or Key Facts Document will also be given to you, providing details of the financial advisors themselves, outlining their scope of permissions in the financial sector and their situation for offering independent or restricted advice. If you are not satisfied with the service, and wish to complain, this document should also lay down your rights and your options. It must be easy to understand, written in plain language, and outline precisely what you are signing up for, along with the benefits and risks of taking the proffered advice. The level of cooling-off period should also be explained in this document. This makes it possible for you to have a change of heart within a specific number of days, and cancel the agreement with your financial advisor.
The first time you're speaking to your financial advisor you should check what experience and qualifications they have. You should never be embarrassed about asking these questions, after all you are just about to entrust your financial wellbeing to their expertise. A Level 4 qualification is the minimum required certification for any financial advisor in Hythe, and they must also be in a position to provide you with an annual Statement of Professional Standing. If the advisor's name does not appear on the Financial Services Register, don't stress, the firm the individual works for should be found on the register and their staff are all covered by the regulations. The person can still offer financial guidance as opposed to advice, if these cannot be presented. Guidance is not subject to regulations in the way that financial advice is, which means that if errors occur the client won't have any recourse.
If you are looking for advice on investments you'll be asked the level of risk you are comfortable with. Better rewards could be possible with high risk investments, however you could also lose all or some of your funds. Your savings objectives must be carefully considered if good investment advice is to be given, i.e. long or short term investments, how rapidly you need to access your funds and how much you have to invest. One question you should ask yourself, which is normally ignored, is how much money you can afford to lose. This could influence the products and services that you're offered, and is sometimes referred to as your 'capacity for loss'.
From the outset, it's vital that you let your financial advisor know about any investments, mortgage loans, regular outgoings or personal savings that you currently have. This should give a full and clear picture of your current financial situation, and without this the advice given will most likely not be the most appropriate for you. Good financial advice should include diversifying your investments and savings by spreading the risk across various products. An experienced financial advisor in Hythe will understand the best areas to consider, which match your financial situation and your goals.
Communicating in the clearest way possible, your financial advisor will unmask the complex world of finance and investment. You should be in a position to come to an informed and educated decision once you have compared the various products and services which match your needs. If you are mind is firmly on the environment, you could ask your financial advisor to stick to ethical investments and savings. You can then stay away from companies that corporations meet your criteria, but instead lend your support to those companies and businesses that match your concerns, for example renewable energy or zero carbon.
Having constant interactions with a financial advisor in Hythe could cause complications with your work life and other commitments. One-on-one meetings can be augmented with video conferencing and telephone calls to allow you to get advice at times that suit you. Home and remote working is now a large part of our society, and a competent financial advice provider in Hythe will have stringent measures in place to keep your details secure and confidential, even if you rarely have an in-person meeting with your personal advisor.
Investments can just as easily go down as well as up, since the financial world can be unpredictable. If it happens that your investment isn't making as much money as you hoped for, it can be a very disheartening and stressful time. However, unless it's because of misleading or incorrect information from your advisor a downward trend in your investment is not seen as a basis for complaint.
As described in the Key Facts Document, any complaints should commence with the firm's complaints procedure. You can tell the Financial Ombudsman about the issue if it remains unresolved within the period set out by the regulating body, and the advisor is registered with the Financial Conduct Authority.
The Financial Ombudsman will make a ruling after independently reviewing the cause of the complaint. If it's found that the complaint is justifiable, a decision will be made on how the customer can be financially compensated. On acceptance by the customer, the decision becomes a legally binding one, and the advisor and their company must comply with it. Any compensation fixed by the Ombudsman will also take into account any inconvenience, annoyance, distress and trouble caused to the customer during the dispute.
Financial advice can be provided in Hythe and also in nearby places like: Sellindge, Saltbrook, Sandling, Sandgate, Stanford, Smeeth, Lympne, Palmarsh, Ashford, Botolphs Bridge, Newchurch, Aldington, Newington, Acrise, Burmarsh, Saltwood, Etchinghill, Folkestone, Bilsington, West Hythe, Elham, together with these postcodes CT21 4JJ, CT21 4DP, CT21 4QH, CT21 5BQ, CT21 5BF, CT21 4BX, CT21 4DJ, CT21 5EP, CT21 5EZ, CT21 4JH. Local Hythe financial advisers will probably have the phone code 023 and the postcode CT21. Simply click on the "enquiry" banner to get info on financial advisors in your area.
Hythe Financial Advice Services
There is a wide range of services which can be provided by your local Hythe financial advisor including pension reviews Hythe, cheap financial advice, bridging finance, divorce financial planning Hythe, general financial planning, personal financial planning Hythe, wealth management & investments Hythe, life assurance advice in Hythe, trustee investment services in Hythe, unit trusts in Hythe, corporate financial planning in Hythe, offshore investments, investment advice, life insurance, cashflow analysis in Hythe, ISA's, long term care fee planning, corporate bonds, income protection, mutual funds in Hythe, mortgage financial planning, pension drawdowns, tax advice, stakeholder pensions, pension consolidation, and more.
A Financial Advisor's Everyday Duties
- A financial advisor meets targets for sales and performance.
- A financial advisor updates clients concerning their investments.
- A financial advisor chats with customers regarding their plans and finances.
- A financial advisor works with colleagues to obtain market information, trends and statistics.
- A financial advisor keeps fully up to date with regulation changes and new products.
- A financial advisor produces financial reports.
- A financial advisor recommends the best-suited financial products to clients.
- A financial advisor provides consultation, education and counselling with regards to finances and investments.
- A financial advisor thrashes out advantageous deals with with providers of financial products.
- A financial advisor keeps detailed records of clients and transactions.
Financial Advisors Near Hythe
Also: Saltbrook financial advisors, Elham financial advisors, Sandling financial advisors, Aldington financial advisors, Saltwood financial advisors, Stanford financial advisors, Lympne financial advisors, Palmarsh financial advisors, Etchinghill financial advisors, Bilsington financial advisors, Ashford financial advisors, Sellindge financial advisors, Burmarsh financial advisors, Newchurch financial advisors, Botolphs Bridge financial advisors, Folkestone financial advisors, Sandgate financial advisors, Newington financial advisors, West Hythe financial advisors, Acrise financial advisors, Smeeth and more.
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Financial Advisors Around Hythe: Some Hythe areas and streets where financial advice has recently been given - Seabrook Gardens, Shepherds Walk, St Georges Place, Burmarsh Road, Cannongate Close, Dove Close, Church Hill, Albion Place, Turnpike Hill, St Nicholas Terrace, Cobden Road, Twiss Avenue, Station Road, Sutherland Close, Castle Road, Corunna Close, Chapel Street, Cannongate Gardens, Sandling Road, Belcaire Close, Sun Lane, Cliff Road, St Marys Road, Castle Avenue, Blackhouse Rise, Sycamore Close, as well as these local Hythe postcodes: CT21 4JJ, CT21 4DP, CT21 4QH, CT21 5BQ, CT21 5BF, CT21 4BX, CT21 4DJ, CT21 5EP, CT21 5EZ, CT21 4JH.
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Independent financial advisor in CT21 area, phone code 023.
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