Financial Advisor Lichfield

Lichfield Independent Financial Advice & Investment

Financial Advisor Lichfield Staffordshire (WS13): Finding a first-rate financial advisor advisor in Lichfield can be a daunting experience, in particular if you are needing financial advice for the first time. Whether you are searching for mortgage, investment, pension or even insurance guidance, all qualified financial advisors have one thing in common; they must all adhere to the regulations laid down by the Financial Conduct Authority. This comes with certain guarantees, thus after getting advice from a FCA registered financial advisor in Lichfield, you can seek recompense from the Financial Ombudsman or the Financial Services Compensation Scheme, if anything goes wrong.

Free Lichfield Financial Advisor Quotes

When picking a financial advisor in Lichfield, a good place to start could be family and friends, but you must keep in mind that your circumstances might not be the same as theirs, and you may need a different kind of advice. Financial advice needs to be individually tailored to your unique circumstances, and you will find that some financial advisors may not be appropriate for you. It pays to chat to at least three different companies when you're considering 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 investigate the options they offer.

Financial Advisor Lichfield Staffordshire (WS13)

When you are looking to pick a financial advisor in Lichfield, there are essentially two main types; independent financial advisors and restricted advisors. The good thing about seeing an IFA is that they will not be restricted to a single company's products and services, and can offer a more extensive range of options. Independent financial advice should encompass the entire gamut of financial companies and products, and should be offered in an unbiased way. If you opt to use an independent financial advisor, you'll be able to pick from the widest possible array of services, in order to find the perfect solution for you. A restricted advisor could be focused on a single product, as with a mortgage advisor, or be limited to services and products from a single company.

Before accepting you as a client, any financial advisor must be fully transparent with you about their charges, as set out by the Financial Conduct Authority. You could be charged by the hour, a set fee or perhaps even a proportion of your investment, in accordance with kind of services you are looking for. You could be offered the possibility of a free first consultation to enable you to discuss your goals and determine whether the advisor is the correct fit for you and your circumstances. In some larger Lichfield companies, you might find that your account is managed by a team as opposed to an individual advisor.

Financial Advisors Lichfield UK (01543)

You'll be asked to complete a "Fact Find" document, which is a confidential disclosure form relating your financial situation and targets to the advising company. You will also be given an Initial Disclosure Document, or Key Facts Document, which provides you with information about the financial advisor, their status to offer restricted or independent advice and their range of permissions in the financial sector. Your own legal rights should also be spelled out in this document, in addition to the possible options you can take if you want to make a complaint because you are not happy with the service provided. It should be written in plain language and detail what you're committing yourself to, and any possible risks and benefits that exist if you opt to accept the offered advice. This document must also inform you of the cooling-off period. This permits you to have a change of heart within a specific number of days, and cancel the agreement with your financial advisor.

Make sure you check what experience and qualifications the financial advisor has when you first speak to them. Asking these questions should not be a cause for embarrassment, because you are entrusting them with your financial future. Every financial advisor in Lichfield must be in a position to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. You don't need to stress if your specific advisor's name does not appear on the Financial Services Register, as long as the company is on the register, their advisors will be covered by the regulations. The individual may still offer financial guidance rather than advice, if these cannot be provided. In terms of finance guidance differs to advice and isn't regulated. Therefore there isn't any recourse for the client if financial mistakes occur.

Financial Advisor Quotes in Lichfield Staffordshire

You'll be asked the amount of risk you are prepared to take on, if you are seeking advice on investing money. Bigger rewards could be possible with high risk investments, however you may also lose some or all of your capital. Good quality investment and financial advice should take you savings aims into consideration, i.e. how much you have to invest, how rapidly you need to access your money and short or long term investments. You should always ask yourself the one vital question, how much money can you actually afford to lose. This may well influence the services and products that you're offered, and is referred to as your 'capacity for loss'.

Financial Advice Near Lichfield Staffordshire

From the outset, it's crucial that you let your financial advisor know about any existing mortgage loans, investments, regular payments or savings that you currently have. To make certain that you get the best advice for you, they need to gather a full and clear picture of your financial situation. Reliable financial advice should allow for diversifying your savings and investments by spreading the risk load across a range of different products. A seasoned financial advisor in Lichfield will understand the best areas to consider, which mirror your financial situation and your goals.

Your financial advisor will attempt to communicate in as plain a speech as possible, to reveal the complex world of finance. This will enable you to compare products and services that match your needs, and come to an informed decision. If the environment is important to you, you could maybe ask that ethical savings and investment schemes take precedence. This will allow you to give your support to firms and businesses which address your concerns, i.e. zero carbon or renewable energy, or perhaps staying away from investments that do not meet your criteria.

Having a close working relationship with your financial advisor in Lichfield could create issues with work and other commitments. One-on-one meetings can be backed up with video conferencing and telephone to allow you to get advice at times that suit you. Even if you never have a one-to-one meeting with your personal advisor, any professional financial advice company in Lichfield will have strict measures in place to keep your details confidential and secure, because remote and home working is now so common.


Investments can be an unpredictable area, and values could go down as well as up. If your investment fails to make the amount of money you hoped for, it can be extremely frustrating and stressful. A downward spiraling of your investment isn't a recognised basis for complaint, unless your financial advisor has given you misleading or incorrect information.

Independent Financial Advisor Near Lichfield (WS13)

Any disputes should commence with the firm's official complaints procedure as laid out in the Key Facts Document. If the financial advisor is a member of the Financial Conduct Authority, you can tell the Financial Ombudsman about the issue if it remains unsolved within the period laid down by the regulating body.

After independently reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If it's established that the complaint is legitimate, a decision will be made on how the customer can be compensated or the situation rectified. Once the ruling has been agreed on by the client it becomes a legally binding decision which the advisor and their firm, must abide by. Any compensation fixed by the Financial Ombudsman will also take into account any trouble, distress, inconvenience and annoyance caused to the client during the process.

Book a Financial Advisor in Lichfield UK

Financial advice can be provided in Lichfield and also in nearby places like: Wall, Huddlesford, Fisherwick Wood, Hopwas, Whittington Hurst, Hanch, Leamonsley, Stowe, Netherstowe, Bromley Hayes, Hammerwich, Streethay, Whittington, Pipehill, Canwell, Burntwood, together with these postcodes WS13 6EL, WS13 6EF, WS13 6BD, WS13 6PU, WS13 6JH, WS13 6DF, WS13 6JP, WS13 6QH, WS13 6LL, WS13 6JD. Local Lichfield financial advisors will most likely have the telephone code 01543 and the postcode WS13. Checking this should guarantee that you access locally based financial advisers. Lichfield householders are able to utilise these and numerous other comparable services. Simply click the "enquiry" form or banner to get specifics of financial advisors in your location.

Pension Planning

A secure retirement necessitates pension planning as a key step. The process can be substantially enriched through the involvement of a financial advisor's services. Understanding your retirement goals, a qualified advisor will assess your current financial circumstances and design a customised pension plan. They navigate the intricacies of the UK's pension choices, which involve workplace pensions, the state pension, and self-invested personal pensions. Leveraging their expertise allows you to make informed decisions about tax implications, investment choices and contributions. Working with a financial advisor in Lichfield guarantees the creation of a solid pension plan, providing peace of mind and financial stability for your future.

UK pension planning is heavily reliant on the State Pension, since it is the only guaranteed source of retirement income for most individuals. A person's National Insurance contributions over their working life normally determine their eligibility for the State Pension. However, the changes to the number of qualifying years and the State Pension age have made it more important than ever to understand the intricacies of this scheme. (42316)

Lichfield Financial Advice Services

Financial Advice Tasks Lichfield

There is a range of services that are provided by your local Lichfield financial advisor including trusts, independent financial advice, divorce financial planning in Lichfield, saving for children, investing an inheritance, bridging finance, unit trusts, investment plans, trustee investment services, ISA's Lichfield, money planning, business planning, pension consolidation advice, will writing services, mortgage financial planning, wealth management, cashflow analysis in Lichfield, personal protection, tax advice in Lichfield, general financial planning, cheap financial advice, annuity purchases, pensions in divorce, multi-asset portfolios, pension drawdowns, personal pensions, financial planning in Lichfield, savings advice, investment bonds in Lichfield, life assurance advice, and lots more. Listed are just a selection of the activities that can be undertaken by a financial advisor. Lichfield professionals will let you know their entire range of financial services.

A Financial Advisor's Day to Day Tasks

  • Negotiating with providers of financial products.
  • Providing counselling, consultation and education regarding investments and finances.
  • Meeting performance and sales targets.
  • Producing detailed financial reports.
  • Keeping a record of transactions and customers.
  • Updating clients concerning their investments.
  • Recommending the best-suited financial products to customers.
  • Speaking to clients regarding their finances and plans.
  • Keeping up to date with new products and regulation changes.
  • Working in collaboration with associates to obtain statistics, trends and market information.

Financial Advisors Near Lichfield

Also find: Whittington Hurst financial advisors, Bromley Hayes financial advisors, Streethay financial advisors, Wall financial advisors, Stowe financial advisors, Hanch financial advisors, Canwell financial advisors, Leamonsley financial advisors, Fisherwick Wood financial advisors, Hopwas financial advisors, Huddlesford financial advisors, Hammerwich financial advisors, Pipehill financial advisors, Whittington financial advisors, Netherstowe financial advisors and more. People who are searching for financial advice, will discover that these types of services are available in pretty much all of these towns and areas. Residents in the region can make enquiries about financial advice by clicking here.

Lichfield Financial Advice Services

Find a Financial Advisor in Lichfield Here
Financial Advice Enquiries in Lichfield Staffordshire (01543)
  • Lichfield Wealth Management
  • Lichfield Corporate Financial Planning
  • Lichfield Life Insurance Advice
  • Lichfield Mortgage Advice
  • Lichfield Cashflow Analysis
  • Lichfield Financial Advice Quotes
  • Lichfield Financial Services
  • Lichfield Pension Advice
  • Lichfield Estate Planning
  • Lichfield Cheap Financial Advice
  • Lichfield Financial Advice
  • Lichfield Trustee Investments
  • Lichfield Inheritance Advice
  • Lichfield Retirement Advice

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Lichfield Financial Advisor Jobs: Get financial adviser jobs near Lichfield by going here: Lichfield Financial Advisor Jobs

Independent financial advisor in WS13 area, phone code 01543.

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(This financial advisor Lichfield page was successfully updated on 20-02-2024)