Financial Advisor Lichfield

Lichfield Independent Financial Advice & Investment

Financial Advisor Lichfield Staffordshire (WS13): Finding a reliable independent financial advisor in Lichfield can be an intimidating experience, particularly if you're seeking financial advice for the first time. Whether you're searching for mortgage, pension, investment or even insurance advice, all qualified financial advisors are bound by one common rule; they must all conform to the regulations of the Financial Conduct Authority. Any advice given by a FCA certified financial advisor in Lichfield comes with guarantees that if things go wrong, you've got access to the Financial Services Compensation Scheme or the Financial Ombudsman.

Free Lichfield Financial Advisor Quotes

Friends and family recommendations can be a decent starting place in choosing a financial advisor in Lichfield, but remember that their circumstances could be different to the kind of advice you are looking for. Financial advice must be individually tailored to your particular circumstances, and you'll find that some financial advisors may not be suitable for you. To explore the options that they're offering and find a financial advisor that you can trust and feel at ease with, it is wise to talk with at least 3 different firms, because after all selecting a financial advisor is a big decision.

Financial Advisor Lichfield Staffordshire (WS13)

When it comes to picking a financial advisor in Lichfield, there are two principal types; restricted advisors and independent financial advisors (IFA). An IFA will not be confined to the services and products of just one provider. Independent financial advice should be given in a frank and unbiased way and across the full spectrum of financial products and companies. This will allow you to select from the widest possible range of products to match your needs. A restricted advisor may be limited to services and products from a particular company, or might even focus on just one product, as can be the case with a mortgage advisor.

Before any Lichfield financial advisor accepts you as a client, they are required by the Financial Conduct Authority to be transparent about their charges. Based upon the kind of services you are interested in, 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 that you can discuss your objectives and circumstances to determine whether the advisor is the best fit. If you use one of the bigger Lichfield firms, your account may be looked after by a team of advisors rather than a single individual.

Financial Advisors Lichfield UK (01543)

To outline your financial situation and objectives to the advising firm, you'll be required to fill out a "Fact Find" document, which is a confidential disclosure form. To provide information about the financial advisor, their status to offer independent or restricted advice and the scope of their permissions in the financial sector, you'll also be given a Key Facts or Initial Disclosure Document. Your own rights will also be laid out in this document, in addition to the possible options you can take if you need to complain because you are not satisfied with the service you're given. It has to be typed out in plain English and describe what you are committing yourself to, and any potential risks and benefits should you decide to accept the offered advice. You'll find the amount of cooling-off period in this document. Within a specific time frame, this makes it possible for you to cancel the contract.

You should check the qualifications and experience of your financial advisor when you first speak to them. After all you are about to entrust your financial future to their expertise, so you should not be embarrassed about asking these questions. Every Lichfield financial advisor must be in a position to present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. When you check the Financial Services Register, you don't need to panic if your specific advisor's name doesn't show up on there; you will probably locate the company name, and this means that the regulations covers all of their advisors. If they are not able to present this proof, the person can't offer advice but is able to offer financial guidance. Guidance is different to advice as it's not regulated, and if mistakes occur there will likely be no recourse to either party.

Financial Advisor Quotes in Lichfield Staffordshire

You'll be asked about the level of risk you are willing to take, if you are seeking advice on investments. High risk investments may offer substantial rewards, however all or some of your cash could be lost. In order to get the very best investment and financial advice, your savings objectives will have to be given careful consideration, i.e. short or long term investments, how quickly you need access to your money and how much you have to invest. The one question that you should ask yourself, which is frequently overlooked, is just how much you can afford to lose. This might influence the products and services that you're offered, and is called your capacity for loss.

Financial Advice Near Lichfield Staffordshire

If you already have any existing savings accounts, regular outgoings, investments or mortgage loans, you should let your financial advisor know about these. They'll need this information, so that they can get a picture of your financial situation and give the best advice for your needs. Spreading the risk across a number of different products through the diversification of your savings and investments, is something that reliable financial advice should allow for. With an understanding of the best areas to consider, a competent financial advisor will favour products that match your goals and financial circumstances.

A financial advisor will open up the complex world of finance, and communicate in the clearest possible way. This will enable you to compare services and products which match your needs, and make an informed decision. You could perhaps ask your advisor to only include ethical investments and savings. You will then be able to keep away from investments that companies meet your criteria, but instead support those businesses and companies that address your concerns, for instance green energy or zero carbon.

It's not that easy to have a close working relationship with a financial advisor in Lichfield without this impacting your work life and other obligations. To enable you to seek advice at times that suit you, face-to-face appointments can be supplemented with video conferencing and telephone. Even if you rarely have a one-to-one meeting with your advisor, an established financial advice firm in Lichfield will have rigorous measures in force to ensure your details are kept secure and confidential, because working from home and remote working is now a large part of our society.


Investment values could fall as well as rise, and this is a factor that you have to remember. It can be incredibly stressful and frustrating if your investment is not making as much money as you were hoping for. However, except if it is due to wrong or misleading information from your advisor a downward spiraling of your investment is not a recognised grounds for complaint.

Independent Financial Advisor Near Lichfield (WS13)

As indicated in the Key Facts Document, any disputes should start with the firm's official complaints procedure. If the matter remains unresolved within the timeframe set out by the regulating body, and the financial advisor is a member of the FCA, you can advise the Financial Ombudsman.

After reviewing the cause for complaint, the Financial Ombudsman will make a ruling on the issue. If the complaint is found to be justified, a decision will be made on how to rectify the situation or financially compensate the customer. Once agreed on by the client, the decision will become a legally binding one, and the financial advisor and their firm must comply with it. The Financial Ombudsman will also account for any inconvenience, trouble, upset and distress caused to the client during the situation, and establish the level of compensation proportionately.

Book a Financial Advisor in Lichfield UK

Financial advice can be provided in Lichfield and also in: Stowe, Fisherwick Wood, Bromley Hayes, Streethay, Leamonsley, Hammerwich, Hopwas, Wall, Pipehill, Hanch, Netherstowe, Burntwood, Whittington, Huddlesford, Whittington Hurst, Canwell, as well as in these postcodes WS13 6LB, WS13 6EF, WS13 6FH, WS13 6QW, WS13 6DH, WS13 6EE, WS13 6QE, WS13 6AS, WS13 6HL, WS13 6FA. Local Lichfield financial advisors will probably have the telephone dialling code 01543 and the postcode WS13.

Lichfield Financial Advice Services

Financial Advice Tasks Lichfield

There is a wide range of services that can be provided by your local Lichfield financial advisor including general financial planning, ISA's, pension drawdowns Lichfield, independent financial advice in Lichfield, offshore investment advice Lichfield, business financial planning, investment advice Lichfield, bridging finance, unit trusts Lichfield, will writing services Lichfield, pension transfers Lichfield, annuity purchase Lichfield, investment bonds, life assurance Lichfield, inheritance tax planning, life insurances, investment planning Lichfield, income protection advice Lichfield, corporate bonds, equity release advice Lichfield, cash flow modelling in Lichfield, financial planning, mortgage services, divorce planning, financial analyst services, and lots more.


Financial Advisors Near Lichfield

Also find: Netherstowe financial advisors, Leamonsley financial advisors, Hammerwich financial advisors, Stowe financial advisors, Wall financial advisors, Bromley Hayes financial advisors, Hanch financial advisors, Canwell financial advisors, Whittington Hurst financial advisors, Whittington financial advisors, Streethay financial advisors, Fisherwick Wood financial advisors, Huddlesford financial advisors, Hopwas financial advisors, Burntwood financial advisors, Pipehill financial advisors and more.

Lichfield Financial Advice Services

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Financial Advice Enquiries in Lichfield Staffordshire (01543)
  • Lichfield Investment Advice
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  • Lichfield Trustee Investments
  • Lichfield Independent Financial Advice
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Financial Advisors Around Lichfield: Financial advisors were recently required by folks living in Cross Keys, Denmark Villas, Dyott Avenue, Ashmole Close, Tudor Row, The Paddock, Abnalls Lane, Anson Avenue, Stowe Street, Collins Hill, Camp Road, Coltman Close, Brookhay Lane, Cross In Hand Lane, Cedar Close, Broadlands Rise, Stevenson Walk, Seward Close, Bore Street, Bloomsbury Way, Dodds Lane, Curlew Close, Copperfields, Brook Close, Dimbles Lane, Balmoral Close, Bluebird Close and these Lichfield postcodes: WS13 6LB, WS13 6EF, WS13 6FH, WS13 6QW, WS13 6DH, WS13 6EE, WS13 6QE, WS13 6AS, WS13 6HL, WS13 6FA.

For local info about Lichfield, Staffordshire check here

Independent financial advisor in WS13 area, telephone code 01543.

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