Financial Advisor Kingston upon Thames Greater London (KT1): Finding a first-rate financial advisor advisor in Kingston upon Thames can be a daunting experience, especially if you're needing financial advice for the very first time. Whether you're looking for investments, pension, mortgage or even insurance guidance, all qualified financial advisors are bound by one common rule; they all have to adhere to the regulations of the FCA (Financial Conduct Authority). Any advice given through a FCA authorised financial advisor in Kingston upon Thames comes with certain guarantees that if things go awry, you can contact the Financial Services Compensation Scheme or the Financial Ombudsman Scheme.
When selecting a financial advisor in Kingston upon Thames, a decent place to begin could be neighbours and friends, but you must bear in mind that your situation may not be the same as theirs, and you might be in need of a different kind of advice. Their advice needs to be personalised to your specific situation, and every financial advisor is not suitable for everyone. To investigate the various options that they are offering and find a financial advisor that you can trust and feel comfortable with, it is wise to talk to at least 3 different firms, because after all selecting a financial advisor is a big decision.
There are two principal types of financial advisor in Kingston upon Thames; restricted advisors and independent financial advisors. An IFA will not be confined to the services or products of just one company. Covering the entire gamut of financial products and companies, independent financial advice should be offered in an honest and unbiased way to clients. If you elect to use an IFA, you will be able to pick from the broadest possible array of products, so as to find the right solution for your needs. A restricted financial advisor might be limited to services and products from a specific provider, or may even focus on just one product, as may be the case with a mortgage advisor.
The Financial Conduct Authority requires that any financial advisor in Kingston upon Thames must tell you about their charges, before taking you on as a client. Although it varies depending on the type of service you are looking for, there could be a set fee, an hourly rate, or you might even be charged a proportion of what you're investing. To enable you to discuss your objectives and determine whether the advisor is suitable for you and your circumstances, you may be offered a free initial consultation. If you go with one of the bigger Kingston upon Thames companies, your account may be looked after by a team of advisors rather than a single individual.
Before any actual financial advice is handed out you will need to fill in a confidential disclosure document, known as a "Fact Find" form, which informs the advising firm about your financial situation and objectives. To provide details about the financial advisor, their situation for offering independent or restricted advice and their range of permissions in the financial sector, you will also be handed an Initial Disclosure Document, or Key Facts Document. Your own rights will also be set out in this document, in addition to your options if you need to submit a complaint because you're not happy with the service you're given. It must be simple to understand, written in plain language, and explain precisely what you are committing yourself to, together with the risks and benefits of going along with the advice. The Key Facts Document should also inform you about the level of cooling-off period. This allows you to cancel the agreement with your financial advisor within a specific time period, and whenever any penalties have to be paid.
You need to check the qualifications and experience of your financial advisor the first time you speak with them. Do not be embarrassed about asking these questions, after all you're on the verge of entrusting your financial wellbeing to their expertise. Every financial advisor in Kingston upon Thames must be in a position to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. You don't need to worry if your specific advisor's name does not show up on the Financial Services Register, providing the firm is on the register, their staff are covered by the legislation. If these can't be provided the individual may still offer financial guidance as opposed to advice. Guidance isn't regulated in the way that financial advice is, meaning that if mistakes occur the client won't have any recourse.
You will be asked about the level of risk you're willing to accept, if you are seeking advice on investing money. Many investments carry some element of risk, but high risk investments may offer better rewards, and also more likelihood of losing your money. Your savings aims will have to be considered if good financial and investment advice is to be given, i.e. short or long term investments, how much cash you want to invest and how quickly you need to access your funds. "How much can you truly afford to lose?" Is the one question that you should really be asking yourself. This is generally known as your 'capacity for loss' and might affect the services and products that could be offered for your consideration.
Right from the start, it's crucial that you tell your financial advisor about any existing investments, regular outgoings, savings accounts or mortgage loans that you currently have. This will provide a full and clear picture of your financial circumstances, without which the advice you are given will most likely not be the best for you. Spreading the risk across a range of different products by diversifying your investments and savings, is something that good quality financial advice should encompass. In order to match your goals and financial circumstances, a qualified financial advisor in Kingston upon Thames will have the knowledge of the best products to consider.
Communicating in the plainest speech possible, your financial advisor will unveil the multifaceted world of finance and investment. You should be in a position to make an informed decision after you have compared the various products and services that meet your needs. If environmental issues are important to you, you could ask that ethical investments and savings take top priority. This allows you to support businesses and firms which address your concerns, e.g. zero carbon or green energy, or perhaps keeping away from corporations that don't meet your requirements.
Having constant interactions with a financial advisor in Kingston upon Thames could cause issues with your work life and other responsibilities. Face-to-face meetings can be backed up with video conferencing and telephone calls to enable you to get advice at times that suit you. Home and remote working is now so common, and a competent financial advice company in Kingston upon Thames will have rigorous measures in place to keep your details secure and confidential, even if you never have an in-person meeting with your personal advisor.
Investment values could go down as well as up, and this is a factor that you must bear in mind. If it just so happens that your investment isn't making the amount of money you were hoping for, it can be a disheartening and worrying time. A downward spiraling of your investment isn't a recognised cause for complaint, unless your financial advisor has given you incorrect or misleading information.
Any disputes should commence with the company's complaints procedure as described in the Key Facts Document. If the advisor is registered with the FCA, you can tell the Financial Ombudsman about the issue if it remains unresolved within the timeframe set by the regulating body.
After looking into the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. If the complaint is justified, a decision will be made on how to financially compensate the client. Once the ruling is accepted by the client it becomes a legally binding decision which the advisor and their firm, must abide by. Any hassle, distress, annoyance and inconvenience caused to the client during the dispute, will be accounted for when the Financial Ombudsman establishes the level of compensation.
Financial advice can be provided in Kingston upon Thames and also in: Long Ditton, Wimbledon, Tolworth, Kingston Vale, Hampton Wick, Hampton Court, Molesey, Berrylands, Surbiton, Merton Park, Ham, Teddington, New Maldon, Twickenham, West Barnes, together with these postcodes KT1 1EU, KT1 2DG, KT1 1NW, KT1 2AU, KT1 1TS, KT1 2EX, KT1 2EF, KT1 1SP, KT1 1HH, KT1 1TN. Locally based Kingston upon Thames financial advisors will likely have the postcode KT1 and the telephone code 020.
Kingston upon Thames Financial Advice Services
There are a whole host of services which are provided by your local Kingston upon Thames financial advisor including pension transfer advice, independent financial advice, business financial planning Kingston upon Thames, trustee investment services, inheritance tax planning, corporate bonds, ethical investment advice, income protection, divorce financial planning, pension reviews, life assurance, tax advice Kingston upon Thames, corporate financial planning in Kingston upon Thames, cheap financial advice Kingston upon Thames, financial analyst services in Kingston upon Thames, long term care fee planning Kingston upon Thames, stakeholder pensions in Kingston upon Thames, investment plans, annuities, unit trusts in Kingston upon Thames, investment bonds, life insurances, financial planning, retirement planning, will writing services in Kingston upon Thames, and lots more.
Greater London Financial Advisors
In the Greater London area you will additionally find: Goddington investment advisors, Leytonstone financial advice, Isle of Dogs investment advice, Coombe investment advice, St Pauls Cray financial advisors, Archway investment advice, Southwark investment advice, Tottenham Hale investment advisors, North Finchley investment advice, South Ruislip financial advisors, Tokyngton investment advice, Brompton financial advisors, West Harrow financial advisors, Morden investment advisors, Addiscombe financial advice, Upper Ruxley financial advisors, Eltham financial advice, Bickley investment advice, Cockfosters investment advice, Hanwell financial advisors, Bellingham financial advice, Emerson Park investment advisors, Teddington investment advice, Palmers Green investment advice, New Barnet investment advice, Lewisham investment advice, Barnsbury investment advice, Coulsdon financial advice, Worcester Park financial advisors, Bromley financial advice.
A Financial Advisor's Daily Tasks
- A financial advisor works together with colleagues to gather trends, market information and statistics.
- A financial advisor maintains detailed records of potential transactions and clients.
- A financial advisor meets performance and sales targets.
- A financial advisor keeps up to date with legislation changes and new products.
- A financial advisor provides counselling, education and consultation with regards to finances and investments.
- A financial advisor talks with customers regarding their plans and finances.
- A financial advisor consistently updates customers about their investments.
- A financial advisor recommends the financial products that are best-suited to customers.
- A financial advisor produces detailed financial reports.
- A financial advisor thrashes out advantageous deals with with providers of financial products.
Financial Advisors Near Kingston upon Thames
Also: Kingston Vale financial advisors, Long Ditton financial advisors, Surbiton financial advisors, Berrylands financial advisors, Ham financial advisors, Teddington financial advisors, Hampton Wick financial advisors, Molesey financial advisors, Merton Park financial advisors, Wimbledon financial advisors, Hampton Court financial advisors, West Barnes financial advisors, Tolworth financial advisors, Twickenham financial advisors, New Maldon and more.
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Financial Advisors Around Kingston upon Thames: Households in Athelstan Road, Bath Passage, Borough Road, Bedford Villas, Ballard Close, The Triangle, Durlston Road, St Margarets, Ashdown Road, Cromwell Road, Acre Road, Charter Road, Anglesea Road, Albert Road, Bloomfield Road, Dudley Road, Chatham Road, Astor Close, Cedars Road, Beverley Road, Dutch Gardens, Staunton Road, Chesterton Terrace, Beresford Road, Birkenhead Avenue, Berkeley Close, Church Grove, Camel Grove, Bank Lane, have needed financial advice recently. Financial advisors have also been active in these local Kingston upon Thames postcodes: KT1 1EU, KT1 2DG, KT1 1NW, KT1 2AU, KT1 1TS, KT1 2EX, KT1 2EF, KT1 1SP, KT1 1HH, KT1 1TN.
Financial Adviser Jobs Kingston upon Thames: Find financial adviser jobs in Kingston upon Thames here: General Financial Advisor Jobs
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Independent financial advisor in KT1 area, and dialling code 020.
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