Financial Advisor Kidlington Oxfordshire (OX5): It can be a challenging experience trying to find a reliable financial advisor advisor in Kidlington, particularly if it's the very first time that you are needing financial advice. However, all professional financial advisors have one thing in common; they all have to follow the regulations of the Financial Conduct Authority, whether you are searching for investments, pension, mortgage or even insurance guidance. Any advice given through a FCA approved financial advisor in Kidlington comes with certain guarantees that should anything go awry, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman Scheme.
A decent starting point when choosing a financial advisor in Kidlington can be friends and family, but remember that the sort of advice you are looking for may be significantly different to theirs. Any advice they offer should be adapted to your specific situation, and every financial advisor isn't suitable for everybody. It is a good idea to speak with at least three different companies when you are picking a financial advisor, since this is an important decision, and you will be looking to find one that you can trust and feel at ease with, and also investigate the options they can provide.
Restricted advisors and independent financial advisors, are the two main kinds of financial advisor in Kidlington. The good thing about seeing an IFA is that they won't be limited to the services or products of just one provider, and can offer a more diverse range of options. Independent financial advice must encompass the full gamut of financial products and companies, and must be offered in an unbiased way. If you elect to use an independent financial advisor, you will be able to select from the widest possible array of services, so as to find the right solution for your needs. A restricted financial advisor may be involved with an individual product, as with a mortgage advisor, or be limited to services and products from a particular firm.
The Financial Conduct Authority demands that any Kidlington financial advisor must fully discuss their charges with you, before taking you on as a client. Based upon the kind of services you're looking for, you could be charged by the hour, a set fee or possibly even a proportion of your investment value. To discuss your goals and find out if the advisor is the correct fit for you and your situation, a free initial consultation may be offered. Your account may be handled by a team rather than a single advisor, if you decide to use one of the bigger companies in Kidlington.
To summarise your financial situation and targets to the advising company, you will be required to fill in a "Fact Find" form, which is a confidential disclosure document. A Key Facts or Initial Disclosure Document will also be handed to you, to provide information about the financial advisors themselves, outlining their scope of permissions in the financial sector and their status to offer restricted or independent advice. Your own legal rights will also be spelled out in this document, in addition to the options you can take if you want to complain because you aren't happy with the service you're given. It should be easy to understand, written in plain language, and outline exactly what you are committing yourself to, along with the benefits and risks of going along with the advice. The level of cooling-off period should also be fully explained in this document. Within a specific time frame, this makes it possible for you to cancel your contract with the financial advisor.
When talking with the financial advisor for the first time make sure you check their qualifications and experience. Asking these questions shouldn't cause you any embarrassment, because after all you are entrusting them with your financial wellbeing. Every Kidlington financial advisor must present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. If the advisor's name does not show up on the Financial Services Register, you should not panic, the company the person works for should be found on the register and their personnel will be covered by the regulations. If these can't be provided the person may still offer financial guidance instead of advice. Guidance is somewhat different to advice as it is not regulated in the same way, and if financial mistakes occur there will probably be no recourse to the client.
If it is investments that you're interested in, the advisor will need to know the amount of risk you might be ready to take with your hard-earned cash. Substantial rewards could be possible with higher risk investments, but you may also lose some or all of your money. Decent financial and investment advice will take you savings objectives into consideration, i.e. short or long term investments, how much cash you want to invest and how quickly you need to access your money. "How much money can you actually afford to lose?" Is the one crucial question that you really need to ask yourself. This may affect the products and services that you are offered, and is referred to as your 'capacity for loss'.
You'll want to tell your financial advisor about any current regular outgoings, investments, savings accounts or mortgage loans. This will give a clear picture of your financial situation, and without this the advice you're given may not be the most appropriate for you. Spreading the risk load across various products through the diversification of your investments and savings, is something that reliable financial advice should embrace. With a knowledge of the best areas to consider, a professional financial advisor will favour products that match your financial circumstances and goals.
Your financial advisor will attempt to communicate in as much plain speech as possible, to unmask the multifaceted world of finance. This will allow you to compare services and products which meet your needs, and make an informed decision. If the environment is important to you, you could perhaps ask that ethical investment and savings schemes take top priority. You can then keep away from businesses that firms meet your requirements, and instead support those enterprises and firms that match your concerns, for example green energy or zero carbon.
Working alongside a financial advisor in Kidlington can be tricky to manage around work and other responsibilities. This can be reduced by supplementing one-on-one meetings with video conferencing and phone calls, thus enabling you to seek the advice you need at times that are convenient. Working from home and remote working is now so common, and an established financial advice company in Kidlington will have rigorous measures in place to ensure your details are kept confidential and secure, even if you never have a one-on-one meeting with your advisor.
You must keep in mind that the financial world is an unpredictable sector, and investment values could just as easily drop as well as rise. If it happens that your investment fails to make the amount of money you hoped for, it can be a very stressful and frustrating time. Regrettably, a downward spiraling of your investment isn't seen as a grounds for complaint, unless of course it is due to misleading or incorrect information from your financial advisor.
As indicated in the Key Facts Document, any grievances should start out with the company's complaints procedure. If the problem remains unsolved within the period set by the regulating body, and your financial advisor is registered with the FCA, you can notify the Financial Ombudsman.
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 upheld. Once the decision is accepted by the customer it becomes a legally binding decision that the advisor and their firm, must comply with. Any compensation as set out by the Financial Ombudsman will also take into consideration any distress, inconvenience, hassle and upset caused to the customer during the dispute.
Financial advice can be provided in Kidlington and also in nearby places like: Charlton on Otmoor, Cassington, Oxford, Hampton Poyle, Yarnton, Bletchingdon, Woodstock, Bladon, Gosford, Weston on the Green, Shipton on Cherwell, Enslow, Begbroke, Wolvercote, Thrupp, as well as in these postcodes OX5 1RH, OX5 1WG, OX5 1AQ, OX5 1SX, OX5 1JU, OX5 1AF, OX5 1JD, OX5 1HB, OX5 1TW, OX5 1GE. Locally based Kidlington financial advisers will likely have the phone code 01865 and the postcode OX5.
Fundamental Skills for a Financial Advisor
- A thorough understanding and knowledge of accounting and economics relating to financial markets and products.
- The ability to promote financial products and services.
- To have active interpersonal and listening skills.
- Effective skills in customer service for establishing customer needs and requirements.
- To pay attention to detail and be thorough.
- Excellent verbal communication skills.
- Excellent business management skills for negotiating product rates.
- To have a flexible approach to work.
- A good level of maths knowledge for creating financial strategies.
- To be capable of using a computer and the principal software packages.
- To be able to network and establish relationships with clients.
Financial Advisors Oxfordshire
In the Oxfordshire area you can additionally get: Horspath investment advice, Faringdon investment advice, Minster Lovell financial advisors, Combe investment advisors, Radley investment advisors, Great Milton investment advice, Standlake investment advice, Wootton financial advisors, Brightwell Cum Sotwell investment advice, Eynsham financial advice, North Hinksey financial advisors, Lower Shiplake investment advisors, Woodcote investment advice, Steeple Aston investment advisors, Didcot investment advisors, Kennington investment advisors, Chipping Norton investment advisors, Crowmarsh Gifford investment advice, Long Wittenham investment advice, Carterton financial advice, Grove financial advisors, Woodcote investment advisors, Standlake financial advice, Harwell investment advisors, Brize Norton investment advice, Aston financial advice, Shrivenham financial advice, Wantage investment advice.
Kidlington Financial Advice Services
There is a wide range of services which can be provided by your local Kidlington financial advisor including family income benefit, financial planning, corporate bonds in Kidlington, inheritance tax planning Kidlington, financial services, pension transfer advice, will writing services Kidlington, pension advice Kidlington, investment planning, general financial planning in Kidlington, pension drawdowns, annuity purchases, pension plans Kidlington, unit trusts, annuities, mortgage services, independent financial advice, mutual funds, corporate financial planning, investment bonds in Kidlington, ISA's in Kidlington, tax advice in Kidlington, business financial planning in Kidlington, portfolio management Kidlington, bridging finance, and lots more.
Oxfordshire Financial Advice Enquiries
Latest Oxfordshire financial advice enquiries: Damon Piper and Robyn Piper from Marcham, Oxfordshire recently asked for information on investment bonds. Jaya and Bailey Howells from Upper Arncott recently asked for information on family income benefit. Mason Crabb and Myla Crabb from Cholsey, Oxfordshire recently enquired about mortgage advice. Georgina and Gruffydd Cavanagh from Bloxham recently enquired about investment bonds. Mr and Mrs Purcell from Steventon, Oxfordshire recently enquired about life assurance. Chiara Kent from Standlake recently enquired about getting financial advice. Mr and Mrs Ball from Kidlington, Oxfordshire recently asked for information on family income benefit. Diana Ballantyne and Rufus Ballantyne from Wantage recently asked for information on family income benefit.
Financial Advisors Near Kidlington
Also: Thrupp financial advisors, Hampton Poyle financial advisors, Yarnton financial advisors, Begbroke financial advisors, Wolvercote financial advisors, Gosford financial advisors, Oxford financial advisors, Bladon financial advisors, Cassington financial advisors, Woodstock financial advisors, Charlton on Otmoor financial advisors, Weston on the Green financial advisors, Bletchingdon financial advisors, Shipton on Cherwell financial advisors, Enslow and more.
- Kidlington Financial Advice Quotations
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Financial Advisors Around Kidlington: Financial advice has recently been provided in these Kidlington areas - Laburnum Crescent, Watermead, Foxdown Close, Mill End, Queens Avenue, Evenlode Crescent, Churchill Road, Scott Close, Lincraft Close, Frieze Way, Yarnton Court, Brasenose Drive, Chamberlain Place, The Rookery, Partridge Place, Exeter Road, Florence Close, Woodstock Road, Webb's Way, Crown Road, Maple Court, Lovelace Drive, The Homestead, Hawthorn Way, Poplar Close, Winston Close, as well as these local Kidlington postcodes: OX5 1RH, OX5 1WG, OX5 1AQ, OX5 1SX, OX5 1JU, OX5 1AF, OX5 1JD, OX5 1HB, OX5 1TW, OX5 1GE.
Financial Adviser Jobs Kidlington: Find financial adviser jobs near Kidlington by clicking here: General Financial Advisor Jobs
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Independent financial advisor in OX5 area, telephone code 01865.
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