Financial Advisor Loughton Essex (IG10): If you are in search of financial advice for the first time, trying to find a first-rate independent financial advisor in Loughton can be an intimidating experience. Whether you're looking for mortgage, investment, pensions or even insurance advice, all financial advisors have one thing in common; they must all adhere to the regulations laid down by the FCA (Financial Conduct Authority). The advantage of this is that should a financial advisor who is FCA registered give you bad advice, and things go awry, you have guarantees, and are able to contact the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to have it put right.
When selecting a financial advisor in Loughton, a decent starting point could be neighbours and friends, but you must keep in mind that your circumstances may not be in line with theirs, and you might need a different sort of advice. Financial advice must be individually tailored to your particular circumstances, and you'll find that certain financial advisors might not be suitable for you. To investigate the options that they're offering and find a financial advisor you feel comfortable with and can trust, it is wise to talk with at least 3 different firms, because selecting a financial advisor is a big decision.
There are 2 main types of financial advisor in Loughton; independent financial advisors and restricted advisors. An independent financial advisor won't be confined to the products and services of just one company. Independent financial advice must cover the full gamut of financial products and companies, and should be offered in an impartial way. This enables you to choose from the broadest range of services to match your needs. If you go to a restricted advisor you will find that they could be limited to products and services of a specific company, or as in the case of a mortgage advisor, will only be concerned with one product.
Before accepting you as a client, any financial advisor in Loughton must fully discuss their charges with you, as required by the Financial Conduct Authority. According to the type of product you're interested in, you could be charged by the hour, a set fee or even a proportion of your investment. A free preliminary consultation might be offered, so that you can discuss your goals and circumstances to see if the advisor is a good fit. Your account may be looked after by a team as opposed to one individual advisor, if you decide to use one of the bigger companies in Loughton.
Before any actual financial advice is handed out you will be required to fill in a confidential disclosure document, known as a "Fact Find" form, which tells the advising company about your desired goals and financial situation. An Initial Disclosure, or Key Facts Document will also be handed to you, to provide information about the financial advisors themselves, detailing the extent of their permissions in the financial arena and their situation for offering independent or restricted advice. Your rights will also be set out in this document, together with the options you can take if you want to make a complaint because you aren't satisfied with the service you are given. It has to be simple to understand, written in plain English, and explain exactly what you are committing yourself to, along with the benefits and risks of accepting the proffered advice. This document should also inform you about the cooling-off period. Within a specific time period, this makes it possible for you to cancel the agreement.
Ensure that you check the experience and qualifications of the financial advisor the first time you speak with them. Asking such questions shouldn't cause you any embarrassment, because you're entrusting them with your long-term financial wellbeing. All Loughton financial advisors must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. When you check the Financial Services Register, don't panic if your specific financial 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 staff. If they're not able to supply this proof, the individual cannot offer advice but only financial guidance. Guidance is different to advice as it isn't regulated, and if errors occur there will probably be no recourse to the client.
If you are seeking advice on investments you'll be asked the amount of risk you are comfortable with. Many investments carry some degree of risk, but high risk investments may offer larger rewards, and also more chance of losing some or all of your capital. Your savings objectives should be taken into account if good investment advice is to be given, i.e. short or long term investments, how much you wish to invest and how quickly you need access to your money. You should invariably ask yourself the one vital question, how much money can you actually afford to lose. This is generally referred to as your 'capacity for loss' and could influence the products and services that may be offered for your consideration.
If you've already got any existing mortgage loans, regular outgoings, investments or savings accounts, you have to let your financial advisor know about these. They will need to know this, so they can get a picture of your financial situation and give the correct advice for your needs. Spreading the risk across various products by diversifying your investments and savings, is something that sound financial advice should encompass. A seasoned financial advisor in Loughton will understand the best products to consider, which reflect your goals and your financial situation.
Your financial advisor will try to communicate in the clearest possible way, to reveal the complex world of finance. After learning about the various services and products which match your needs, you should be able to come to an informed and deliberative decision. You can even ask your financial advisor to only specify ethical investment and savings schemes. This allows you to lend support to companies and organisations that match your concerns, i.e. zero carbon or green energy, or perhaps avoiding companies that don't meet your requirements.
It can prove hard to manage your work day and other commitments around a close working relationship with your financial advisor in Loughton. One-on-one appointments can be backed up with video conferencing and telephone to enable you to get advice at times that suit you. Remote and home working is now a large part of our society, and a competent financial advice firm in Loughton will have strict measures in place to ensure your details are kept confidential and secure, even if you never have a one-to-one meeting with your personal advisor.
You must keep in mind that the financial sector can be unpredictable, and the value of your investments can just as easily go down as well as up. If your investment is not making as much money as you were hoping for, it can be quite frustrating and worrying. A downward trend in your investment is not seen as a grounds for complaint, unless your advisor has supplied you with wrong or misleading information.
As outlined in the Key Facts Document, any complaints should commence with the company's complaints procedure. If your advisor is a member of the FCA, you can tell the Financial Ombudsman about the problem if it remains unresolved within the time schedule laid down by the regulating authority.
The Financial Ombudsman will come to a decision after independently reviewing the cause of the complaint. If the complaint is upheld, a decision is made on how to financially compensate the client. Once the ruling has been agreed on by the customer it becomes a legally binding decision which the financial advisor and their firm, must comply with. Any upset, inconvenience, distress and trouble caused to the customer during the situation, will be considered when the Financial Ombudsman establishes the level of compensation.
Financial advice can be provided in Loughton and also in: Epping, Lambourne End, Abridge, Hobbs Cross, Woodford Green, Waltham Abbey, Chigwell, Stapleford Abbots, Theydon Bois, Buckhurst Hill, Chingford, Sewardstone, Theydon Garnon, and in these postcodes IG10 1TN, IG10 1RN, IG10 1RX, IG10 1BU, IG10 1TL, IG10 1NB, IG10 1ED, IG10 1ER, IG10 1NU, IG10 1RJ. Locally based Loughton financial advisers will likely have the postcode IG10 and the phone code 020.
Essex Financial Advisors
In the Essex area you'll also discover: Heybridge financial advice, Great Dunmow investment advice, Ongar financial advisors, North Weald Bassett financial advisors, Great Waltham financial advice, Upminster investment advice, Saffron Walden investment advisors, Rawreth financial advice, Roydon investment advice, Southminster investment advice, Wickham Bishops financial advice, Walton on the Naze investment advisors, South Hanningfield financial advice, Tilbury investment advice, Hatfield Broad Oak financial advisors, Ramsden Crays financial advisors, Leigh on Sea financial advice, Cressing investment advisors, Margaretting investment advisors, Wimbish financial advice, Birchanger investment advisors, Roydon financial advisors, South Hanningfield investment advisors, Mountnessing financial advice, Jaywick investment advisors, Abberton investment advice, Horndon on the Hill financial advisors, Laindon investment advice, Rainham investment advice.
Loughton Financial Advice Services
There are a whole host of services that can be provided by your local Loughton financial advisor including independent financial advice, long term care fee advice, annuities, inheritance tax planning, equity release in Loughton, pension reviews, pension plans, divorce planning Loughton, pension planning, income protection Loughton, bridging finance, will writing services, pension drawdowns, ISA's, investment advice, pension transfers, financial analyst services, life assurance, portfolio management, family income benefit, wealth management & investments in Loughton, cash flow modelling Loughton, pension consolidation advice, personal financial planning Loughton, ethical investments, and lots more.
Essex Financial Advice Enquiries
Latest Essex financial advice enquiries: Callen Field from Bures recently asked for information on investment bonds. Bruce Kouma from Margaretting recently asked for information on pensions. Archer Moss from Tolleshunt Darcy recently enquired about financial planning. Harmony Waterman and Jacob Waterman from Great Waltham recently enquired about getting financial advice. Aleksander and Veronica Archer from Boreham recently asked for information on offshore investments. Mr and Mrs Summers from Wivenhoe, Essex recently enquired about family income benefit. Travis and Daisy-May Gooding from Alresford recently enquired about equity release. Tayla and Darius Mckee from Silver End, Essex recently enquired about life assurance.
A Financial Advisor's Everyday Tasks
- Financial advisors keep fully up to date with legislation changes and new products.
- Financial advisors recommend the financial products that are best-suited to their customers.
- Financial advisors meet targets for performance and sales.
- Financial advisors make deals with with financial product providers.
- Financial advisors chat with customers regarding their plans and finances.
- Financial advisors maintain a record of clients and transactions.
- Financial advisors regularly update customers about their investments.
- Financial advisors work together with colleagues to obtain trends, statistics and market information.
- Financial advisors produce comprehensive financial reports.
- Financial advisors provide counselling, education and consultation regarding finances and investments.
Financial Advisors Near Loughton
Also: Woodford Green financial advisors, Abridge financial advisors, Epping financial advisors, Buckhurst Hill financial advisors, Waltham Abbey financial advisors, Lambourne End financial advisors, Chingford financial advisors, Theydon Garnon financial advisors, Theydon Bois financial advisors, Stapleford Abbots financial advisors, Sewardstone financial advisors, Chigwell financial advisors, Hobbs Cross and more.
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Financial Advisors Around Loughton: Financial advisors were recently necessary for folks living in The Hawthorns, Cherston Gardens, Chequers Road, Smarts Lane, Church Hill, Southern Drive, Droveway, Barrington Close, Aragon Close, Alderton Way, Swans Hope, Avon Terrace, Seymour Close, Avondale Close, Chester Road, Chapel Terrace, Albion Hill, Clifton Road, Church Close, Burney Drive, Station Road, Audley Gardens, Barrington Green, St Johns Road, Danbury Road, Church Lane, Avondale Drive and these Loughton postcodes: IG10 1TN, IG10 1RN, IG10 1RX, IG10 1BU, IG10 1TL, IG10 1NB, IG10 1ED, IG10 1ER, IG10 1NU, IG10 1RJ.
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More Essex Financial Advisors: More Harlow, Colchester, Chelmsford, Clacton-on-Sea, Rainham, Saffron Walden, Loughton, Waltham Abbey, Stanford-le-Hope, Canvey Island, South Woodham Ferrers, Harwich, Basildon, Billericay, Rayleigh, Witham, Southend-on-Sea, Rochford, Wickford, Brentwood, Braintree, South Ockendon, Grays and Maldon.:
Independent financial advisor in IG10 area, (dialling code 020).
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