Financial Advisor Leigh Greater Manchester (WN7): Finding a reliable financial advisor advisor in the Leigh area can be a challenging experience, especially if you're needing financial advice for the first time. Whether it is mortgage, pension, investments or even insurance advice that you are looking for, there's one common rule for all qualified financial advisors; they all have to follow Financial Conduct Authority (FCA) regulations. This comes with some guarantees, so after getting advice from a FCA registered financial advisor in Leigh, you can seek recompense from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if anything goes awry.
Recommendations from neighbours and friends can be a decent starting point in picking a financial advisor in Leigh, but remember that their situation might be different to what you are looking for. Financial advice should be individually tailored to your unique situation, and you will find that some financial advisors may not be suitable for you. To explore the various options they can provide and find a financial advisor you can trust and feel at ease with, it is a good idea to speak to at least 3 different firms, because picking a financial advisor is a big decision.
Restricted advisors and independent financial advisors (IFA), are the 2 main kinds of financial advisor in Leigh. The benefit of using an IFA is that they won't be limited to a single company's services and products, and can offer a wider range of options. Encompassing the whole spectrum of financial companies and products, independent financial advice must be offered in an honest and unbiased way to customers. This will permit you to select from the widest range of products to match your needs. A restricted financial advisor could be concerned with a single product, as with a mortgage advisor, or be limited to products and services from a particular provider.
Before taking you on as a client, any financial advisor must discuss their charges with you, as set out by the Financial Conduct Authority. Although it can vary based upon the type of product or service you're interested in, there could be a set fee, an hourly rate, or you might even be charged a specific percentage of what you're investing. To discuss your objectives and find out if the advisor is the proper choice for you and your situation, a free initial consultation might be offered. Your account might be looked after by a team as opposed to a single advisor, if you decide to go to one of the larger Leigh firms.
To describe your targets and financial situation to the advising firm, you will need to fill out 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 given an Initial Disclosure Document, or Key Facts Document. If you are not satisfied with the service, and wish to make a complaint, this document will also lay down your own legal rights and the options you can take. It should outline exactly what you are committing yourself to, and any possible benefits and risks if you opt to take the offered advice, and it should be written in clear language. The cooling-off period should also be explained in this Key Facts Document. This makes it possible for you to change your mind within a certain period of time, and cancel your contract with the financial advisor.
When chatting with the financial advisor for the first time make sure you check their experience and qualifications. After all you are about to entrust your financial wellbeing to their skill, so you should never be self-conscious about asking such questions. A Level 4 qualification in financial advice is the minimum required qualification for any financial advisor in Leigh, and they also have to be able to present an annual Statement of Professional Standing. If the advisor's name does not show up on the Financial Services Register, you shouldn't panic, the company the person works for will almost certainly be on the register and their employees will be covered by the legislation. If these can't be presented the person may still offer financial guidance as opposed to advice. Guidance isn't regulated in the way that financial advice is, which means that if errors occur neither party will have any recourse.
If you're seeking advice on investments you will be asked the level of risk you are comfortable with. Substantial rewards might be possible with higher risk investments, but you may also lose all or some of your capital. Good investment and financial advice should take you savings objectives into consideration, i.e. how quickly you need to access your funds, short or long term investments and how much cash you want to invest. The one question that you should ask of yourself, which is usually overlooked, is just how much money you can really afford to lose. This is called your capacity for loss and might influence the services and products that are offered for your consideration.
Right from the start, it is imperative that you tell your financial advisor about any mortgage loans, savings accounts, regular outgoing payments or investments that you currently have. This gives a clear picture of your financial situation, and without this the advice given might not be the most suitable for you. Sound financial advice should allow for diversifying your investments and savings by spreading the risk across a number of different products. In order to match your financial situation and goals, a seasoned financial advisor in Leigh will be aware of the best products to consider.
Your financial advisor will attempt to communicate in the clearest possible way, to open up the complex world of finance. You should be in a position to make an informed and educated decision after you have compared the various services and products which match your needs. If you're mind is firmly on the environment, you could perhaps ask your advisor to stick to ethical investments and savings. You can then stay away from companies that investments meet your requirements, and instead lend your support to those firms and businesses that address your concerns, for example zero carbon or renewable energy.
It could prove tricky to manage work and other commitments around working closely with your financial advisor in Leigh. To enable you to seek advice at a time to suit you, face-to-face meetings can be backed up with telephone and video conferencing. Working from home and remote working is now a large part of our society, and any competent financial advice provider in Leigh will have strict 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.
Investment values can go down as well as up, and this is something that you need to bear in mind. If your investment isn't making as much money as you were hoping for, it can be incredibly stressful and demoralising. Sadly, a downward spiral in your investment is not a recognised cause for complaint, unless it is owing to misleading or wrong information from your advisor.
As indicated in the Key Facts Document, any complaints should start out with the firm's official complaints procedure. If the advisor is a member of the FCA, you can inform the Financial Ombudsman of the issue if it is unsolved within the time schedule set out by the regulating authority.
After reviewing the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. If it is found that the complaint is justified, a decision will be made on how the customer can be compensated or the situation rectified. Once agreed on by the customer, the ruling will become a legally binding one, and the financial advisor and their company must abide by it. Any annoyance, inconvenience, trouble and distress caused to the customer during the process, will be taken into account when the Financial Ombudsman fixes the level of compensation.
Financial advice can be provided in Leigh and also in: Glazebury, Higher Folds, Bickershaw, Leigh End, Tydersley, Hindley Green, Hope Carr, Astley, Lately Common, Firs Lane, Atherton, Westleigh, Aspull Common, Plank Lane, Abham, Lowton, together with these postcodes WA3 4AP, WN7 1HX, WN7 1NB, WN7 1BS, WN7 1HF, WN7 1HY, WA3 5QB, WN7 1EA, WA3 4AS, WN2 4XL. Locally based Leigh financial advisors will probably have the telephone code 01942 and the postcode WN7. Checking this will confirm that you are accessing locally based financial advisers. Leigh property owners will be able to benefit from these and many other finance related services.
Leigh Financial Advice Services
There are a number of different services which can be provided by your local Leigh financial advisor including equity release advice Leigh, cash flow modelling, familt controlled trusts in Leigh, will writing services in Leigh, family income benefit Leigh, investment consolidation, money planning, ethical investments, personal financial planning, pension transfer advice, financial advice services, stakeholder pensions, financial analyst services, income protection, mutual funds, pension planning in Leigh, general financial planning in Leigh, life insurances in Leigh, pension reviews, financial planning in Leigh, wealth management & investments, investment plans, independent financial advice, investment bonds in Leigh, inheritance tax planning in Leigh, divorce financial planning, corporate bonds, trusts in Leigh, long term care fee advice, bridging finance, and lots more. Listed are just a small portion of the activities that can be handled by a financial advisor. Leigh professionals will inform you of their entire range of services.
Skills Necessary for Financial Advisors
- To have active listening skills.
- An outstanding knowledge of economics and accounting associated with financial products and markets.
- An outstanding level of math knowledge for producing financial strategies.
- To have the ability to use a computer and the principal software packages.
- To be good at selling financial products and services.
- To have the ability to network and build solid relationships with customers.
- To have a target driven mindset.
- To be thorough and pay attention to detail.
- Outstanding verbal communication skills.
- Effective skills in customer service for determining client needs.
- Excellent management skills for negotiating product prices.
Greater Manchester Financial Advisors
Around Greater Manchester you can additionally find: Wardle financial advice, Platt Bridge investment advisors, Bramhall investment advice, Bickershaw financial advice, Bickershaw financial advisors, Standish financial advice, Tyldesley financial advice, Hollinwood investment advisors, Timperley investment advice, Horwich financial advisors, Mossley investment advice, Milnrow investment advice, Broadbottom financial advisors, Mellor investment advisors, Greenfield financial advisors, Hale investment advice, Little Lever investment advisors, Summit financial advisors, Audenshaw investment advisors, Delph investment advisors, Higher Folds financial advisors, Hale Barns investment advisors, Bredbury financial advice, Newton investment advice, Worsley investment advice, Winton investment advisors, Leigh financial advisors, Bredbury financial advisors, Hattersley investment advisors.
Financial Advisors Near Leigh
Also here.: Atherton financial advisers, Bickershaw financial advisers, Westleigh financial advisers, Leigh End financial advisers, Tydersley financial advisers, Lately Common financial advisers, Hope Carr financial advisers, Glazebury financial advisers, Lowton financial advisers, Astley financial advisers, Plank Lane financial advisers, Higher Folds financial advisers, Firs Lane financial advisers, Abham financial advisers, Aspull Common financial advisers, Hindley Green and more. All these places are served by local financial advisers. Leigh residents can get quotations by clicking
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Financial Advisors Around Leigh: Some Leigh roads and streets where financial advice has recently been given - Crombouke Drive, The Pines, Canaan, Bewley Grove, Tennyson Avenue, Chatham Street, Apple Street, Back Salford, Donnington Close, Dale Street, Thompson Street, Broadwell Drive, Chaucer Grove, Chester Street, Swallowfield, Dalesford Close, Coniston Street, Douglas Road, Beeston Grove, The Poplars, Abbingdon Way, Dalehead Grove, Size House Place, Cotton Street, Teesdale Drive, Beechfield Drive, Abbey Street, Beaumaris Close, Arthur Street, Ashbourne Close, as well as the following local Leigh postcodes: WA3 4AP, WN7 1HX, WN7 1NB, WN7 1BS, WN7 1HF, WN7 1HY, WA3 5QB, WN7 1EA, WA3 4AS, WN2 4XL. Folks in these areas recently required help from a financial advisor. Leigh residents were given competent and professional financial services on every occasion.
If you need local info regarding Leigh, Greater Manchester go here
More Greater Manchester Financial Advisors: More Dukinfield, Altrincham, Rochdale, Eccles, Manchester, Swinton, Salford, Cheadle Hulme, Bolton, Heywood, Farnworth, Golborne, Sale, Droylsden, Stretford, Whitefield, Chadderton, Wigan, Horwich, Middleton, Stalybridge, Radcliffe, Oldham, Walkden, Bury, Westhoughton, Royton, Denton, Gatley, Atherton, Irlam, Ashton-under-Lyne, Ashton-in-Makerfield, Hindley, Romiley, Leigh, Urmston, Stockport and Hyde.:
Independent financial advisor in WN7 area, phone code 01942.
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