Financial Advisor Livingston Scotland (EH53): If you're seeking financial advice for the first time, trying to find a first-rate financial advisor advisor in Livingston can be a daunting experience. Whether you are looking for investments, mortgage, pension or even insurance guidance, all professional financial advisors have one thing in common; they must all follow the regulations of the Financial Conduct Authority (FCA). Any advice given from a FCA registered financial advisor in Livingston comes with guarantees that if anything should go awry, you can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
Recommendations from friends and neighbours can be a good starting point in choosing a financial advisor in Livingston, but bear in mind that their circumstances might be different to the sort of advice you're looking for. Financial advice needs to be individually tailored to your unique circumstances, and you'll find that some financial advisors may not be suitable for you. To investigate the various options they can provide and find a financial advisor you can trust and feel at ease with, it pays to talk to at least three different firms, because after all choosing a financial advisor is an important decision.
There are two main kinds of financial advisor in Livingston; restricted advisors and independent financial advisors (IFA). An independent financial advisor will not be restricted to just one company's products and services. Independent financial advice must be given in an honest and unbiased way and should cover the entire gamut of financial companies and products. If you choose to use an IFA, you will be able to choose from the broadest possible range of services, in order to find the right solution for you. If you use a restricted advisor you will find that they might be limited to services and products of a particular company, or as with a mortgage advisor, will only be involved with one individual product.
Before taking you on as a client, any financial advisor in Livingston must discuss their charges with you, as demanded by the Financial Conduct Authority. In accordance with the product 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 determine whether the advisor is the correct fit for your circumstances, a free preliminary consultation could be offered. Your account may be handled by a team rather than one individual advisor, if you choose to go to one of the bigger Livingston firms.
Before any actual advice is handed out you'll have to complete a confidential disclosure form, called a "Fact Find" document, which tells the advising company about your aims and financial situation. An Initial Disclosure, or Key Facts Document will also be handed to you, to provide information regarding the financial advisors themselves, outlining their range of permissions in the financial market and their situation for offering restricted or independent advice. If you are not happy with the service, and wish to complain, this document will also lay down your own rights and the options you can take. It should detail exactly what you are committing yourself to, and any potential benefits and risks that exist if you choose to take the offered advice, and it must be written in plain English. This document should also tell you about the allowed cooling-off period. This allows you to cancel the contract within a specific period of time, and whenever any penalties are incurred.
When talking to your financial advisor for the first time you need to check their experience and qualifications. Asking these questions should not be a cause for embarrassment, because after all you're entrusting them with your long-term financial wellbeing. All Livingston financial advisors must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. When checking the Financial Services Register, you should not stress if your particular financial advisor's name does not show up on there; you should be able to find the firm name, and that means the regulations covers all of their employees. If these can't be provided the individual may still offer financial guidance instead of advice. Guidance is not subject to regulations in the same way as financial advice, meaning that if errors arise the client won't have any recourse.
If you are needing advice on investments you'll be asked about the amount of risk you're ready and able to accept. High risk investments could potentially offer substantial rewards, however some or all of your capital could be lost. Your savings aims will need to be carefully considered if good quality financial and investment advice is to be given, i.e. short or long term investments, how rapidly you need access to your money and how much you wish to invest. One question you should ask yourself, which is usually overlooked, is how much money you can really afford to lose. Commonly called your capacity for loss, this will very likely influence the products and services that you are offered.
If you've already got any existing investments, personal savings, regular outgoing payments or mortgages, you have to let your financial advisor know about these. This will give a clear and full picture of your financial circumstances, without which the advice you are given might not be the most suitable for you. Good financial advice should include diversifying your savings and investments by spreading the risk load across various different products. A certified financial advisor in Livingston will have the knowledge of the best areas to consider, which mirror your financial situation and your goals.
A financial advisor will unmask the multifaceted world of finance, and speak in as plain a speech as possible. This will help you to compare services and products which match your needs, and make an informed decision. You can even ask your financial advisor to only include ethical savings and investment schemes. You can then steer clear of companies that investments meet your requirements, and instead support those firms and businesses that address your concerns, for instance green energy or zero carbon.
Having constant interactions with a financial advisor in Livingston could create problems with your work and other responsibilities. Face-to-face meetings can be complemented with video conferencing and phone calls to allow you to get advice at a time to suit you. Working from home and remote working is now so common, and a competent financial advice company in Livingston will have strict measures in place to ensure your details are kept secure and confidential, even if you rarely have a face-to-face meeting with your advisor.
Investments can be a volatile area, and their values could go down as easily as they go up. If your investment isn't making as much money as you were hoping for, it can be very frustrating and stressful. Unfortunately, a downward trend in your investment is not a recognised cause for complaint, except if it is owing to wrong or misleading information from your advisor.
As indicated in the Key Facts Document, any disputes should commence with the company's complaints procedure. If the matter remains unsolved within the period set by the regulating body, and the financial advisor is a member of the Financial Conduct Authority, you can advise the Financial Ombudsman.
The Financial Ombudsman will independently review the cause for complaint and come to a decision. A decision will be made on how to financially compensate the customer, if the complaint is justified. The advisor and their company must comply with any decision that is made, which becomes legally binding once the customer has accepted it. Any compensation as set out by the Ombudsman will also take into account any annoyance, distress, trouble and inconvenience caused to the client during the process.
Financial advice can be provided in Livingston and also in: Kirknewton, Dechmont, East Whitburn, Bridgend, East Calder, Bathgate, Seafield, Livingston Village, Kirkton Campus, Winchburgh, Pumpherston, Broxburn, Newbridge, Deans, Polbeth, Uphall, and in these postcodes EH54 5LG, EH53 0SG, EH54, EH54 0DE, EH54 5BB, EH54 0AW, EH54 5JD, EH54 5HS, EH54 5JL, EH54 0TQ. Local Livingston financial advisers will probably have the postcode EH53 and the phone code 01506.
Livingston Financial Advice Services
There is a range of services which are provided by your local Livingston financial advisor including long term care fee advice Livingston, equity release advice, cashflow analysis in Livingston, portfolio management, investment planning, cheap financial advice in Livingston, annuity purchases, income protection advice in Livingston, ethical investments, stakeholder pension advice in Livingston, retirement advice, trustee investment services Livingston, pension transfers Livingston, trusts, pension drawdowns Livingston, unit trusts Livingston, wealth management & investments, tax planning in Livingston, inheritance tax planning, mortgage services in Livingston, ISA's Livingston, independent financial advice in Livingston, investment advice, corporate bonds, life insurances in Livingston, and lots more.
Financial Advisors Near Livingston
Also: Bridgend financial advisors, Seafield financial advisors, Livingston Village financial advisors, Winchburgh financial advisors, Polbeth financial advisors, Bathgate financial advisors, Kirkton Campus financial advisors, Broxburn financial advisors, Newbridge financial advisors, East Whitburn financial advisors, Uphall financial advisors, Deans financial advisors, Dechmont financial advisors, East Calder financial advisors, Pumpherston financial advisors, Kirknewton and more.
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Financial Advisors Around Livingston: Some Livingston roads where financial advice has recently been given - Ramsay Court, Murieston Way, Nelson Avenue, Sundew Glade, Don Drive, Etive Walk, Alexander Drive, Nicklaus Green, Rannoch Walk, Labrador Avenue, Gordon Way, Burnvale, Murieston House, Taylor Green, Heatherfield Glade, Kirkton South, Edmonton Avenue, Maple Grove, Aller Place, Adambrae Road, Lime Grove, Stonebank, Barrie Court, Scott Court, Mallard Brae, Primrose Place, Fernbank, Crathes Gardens, Meadowbank, as well as these local Livingston postcodes: EH54 5LG, EH53 0SG, EH54, EH54 0DE, EH54 5BB, EH54 0AW, EH54 5JD, EH54 5HS, EH54 5JL, EH54 0TQ.
Livingston Financial Advisor Jobs: Find financial advisor jobs in Livingston by clicking here: Financial Advisor Jobs Livingston
More Scotland Financial Advisors: More Paisley, Kirkcaldy, Hamilton, Airdrie, Falkirk, Dumfries, Glasgow, Coatbridge, Cumbernauld, Greenock, Glenrothes, Livingston, Kilmarnock, Irvine, Ayr, Edinburgh, Dundee, Dunfermline, Inverness, East Kilbride, Motherwell, Stirling, Aberdeen and Perth.:
If you would like to get local Livingston info look here
Independent financial advisor in EH53 area, (dialling code 01506).
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