Financial Advisor Maidenhead Berkshire (SL6): It can be a daunting experience trying to find a good independent financial advisor in the Maidenhead area, in particular if it's the first time that you're needing financial advice. Whether you're searching for mortgage, pensions, investment or even insurance guidance, all financial advisors have one thing in common; they all have to observe the regulations of the Financial Conduct Authority (FCA). The good thing about this is that should a financial advisor who is FCA certified give you bad advice, and things go wrong, you've got guarantees, and can contact the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get it put right.
When picking a financial advisor in Maidenhead, a good starting point could be friends and neighbours, however you must keep in mind that your situation may not be the same as theirs, and you may need a different sort of advice. Every financial advisor is not suitable for everyone, and any advice they provide should be personalised to your particular situation. To investigate the various options they can provide and find a financial advisor that you can trust and feel at ease with, it is a good idea to talk to at least three different firms, because after all choosing a financial advisor is an important decision.
There are 2 main types of financial advisor in Maidenhead; restricted advisors and independent financial advisors. Offering a more diverse range of options, an independent financial advisor will not be limited to a single provider's products and services. Independent financial advice must be offered in an unbiased way and across the whole spectrum of financial companies and products. Consulting an IFA should allow you to pick from the widest possible array of products. A restricted advisor could be focused on a single product, as with a mortgage advisor, or be limited to products and services from a specific provider.
Before any financial advisor takes you on as a client, they are required by the FCA to fully discuss their charges with you. Based on the type of product you are looking for, you could be charged a set fee, by the hour or even a proportion of your investment value. A free first consultation might be offered, so you can discuss your goals and circumstances to find out if the advisor is a good fit. If you go with one of the larger Maidenhead companies, your account could be handled by a team of advisors rather than a single individual.
To describe your ambitions and financial situation to the advising company, you will need to fill out a "Fact Find" form, which is a confidential disclosure document. To provide information on the financial advisor, their situation for offering independent or restricted advice and the scope of their permissions in the financial sector, you'll also be given an Initial Disclosure Document, or Key Facts Document. This document will also lay out your own legal rights and the options you can take if you aren't happy with the service, and would like to complain. It should be typed out in plain English and outline what you're signing up for, and any potential benefits and risks that exist should you opt to take the advice offered. You'll find the amount of cooling-off period in this document. This enables you to change your mind within a specific number of days, and cancel your contract with the financial advisor.
When chatting with your financial advisor for the first time ensure that you check their experience and qualifications. Asking these questions should never cause you any embarrassment, because you're entrusting them with your financial future. All financial advisors in Maidenhead must hold at least a Level 4 qualification and be able to present an annual Statement of Professional Standing. You shouldn't worry if your advisor's name does not show up on the Financial Services Register, as long as the firm is listed on the register, their advisors will be covered by the regulations. If they're unable to provide this proof, the individual cannot offer advice but can offer financial guidance. In terms of finance guidance differs to advice and is not regulated. Therefore there is no recourse for either party if financial errors occur.
You'll be asked about the level of risk you are ready to accept, if you are seeking advice on investments. Higher risk investments could offer bigger rewards, but all or some of your money could be lost. In order to get the most effective investment and financial advice, your savings goals will have to be considered, i.e. short or long term investments, how much you have to invest and how quickly you need to access your money. You must always ask yourself the one vital question, how much money can you really afford to lose. This may affect the products and services that could be offered for your consideration, and is commonly called your 'capacity for loss'.
From the outset, it's crucial that you let your financial advisor know about any existing regular outgoing payments, mortgage loans, investments or savings accounts that you have. To make certain that you get the most suitable advice for you, they need to have a full and clear picture of your financial situation. Spreading the risk across various products through the diversification of your investments and savings, is something that good quality financial advice should encompass. In order to mirror your financial circumstances and your goals, a qualified financial advisor in Maidenhead will be aware of the best areas to consider.
Communicating in the clearest way possible, your financial advisor will open up the multifaceted world of finance and investment. You should be in a position to come to an informed decision after you have learned about the various services and products which match your needs. If you are environmentally minded, you can maybe ask your financial advisor to stick to ethical investments and savings. You will then be able to keep clear of corporations that investments meet your standards, and instead lend your support to those firms and organisations that match your concerns, for instance zero carbon or renewable energy.
It can prove difficult to manage work and other responsibilities around a close working relationship with your financial advisor in Maidenhead. This can be alleviated by supplementing one-on-one appointments with video conferencing and telephone calls, thus enabling you to get the advice you need at convenient times. Even if you rarely have an in-person meeting with your personal advisor, an established financial advice company in Maidenhead will have strict measures in place to ensure your details are kept secure and confidential, because home and remote working is now so common.
You have to understand that the financial world is an unpredictable sector, and the value of your investments can just as easily drop as well as rise. If your investment isn't making as much money as you hoped for, it can be very worrying and frustrating. A downward trend in your investment is not seen as a grounds for complaint, unless your financial advisor has supplied you with incorrect or misleading information.
Any disputes should begin with the firm's official complaints procedure as laid out in the Key Facts Document. If the advisor is a member of the FCA, you can tell the Financial Ombudsman about the matter if it is unresolved within the time-frame laid down by the regulating body.
The Financial Ombudsman will make a ruling after independently reviewing the cause of the complaint. If the complaint is found to be justified, a decision will be made on how to financially compensate the customer. Once the ruling has been agreed on by the client it becomes a legally binding decision that the financial advisor and their firm, must comply with. Any annoyance, hassle, inconvenience and distress caused to the client during the dispute, will be accounted for when the Financial Ombudsman fixes the level of compensation.
Financial advice can be provided in Maidenhead and also nearby in: Littlewick Green, Pinkneys Green, North Town, Dorney Reach, Bray, Burnham, Cockpole Green, Burchett's Green, Furze Platt, Touchen-End, Knowl Hill, Bisham, White Waltham, Warren Row, Cookham, Courtlands, Ruscombe, Wargrave, Twyford, Waltham St Lawrence, Lent Rise, Woolley Green, Hitcham, Bray Wick, Littlefield Green, Holyport, Taplow, as well as in these postcodes SL6 1PA, SL6 1DH, SL6 1NA, SL6 1DD, SL6 1AL, SL6 1HR, SL6 1HY, SL6 1AJ, SL6 1NT, SL6 1LT. Locally based Maidenhead financial advisors will probably have the telephone dialling code 01628 and the postcode SL6.
Maidenhead Financial Advice Services
There are a number of different services which can be provided by your local Maidenhead financial advisor including investment planning, stakeholder pensions, annuity purchases, independent financial advice in Maidenhead, mutual funds, bridging finance, offshore investment advice, business financial planning Maidenhead, divorce planning, annuities, inheritance tax planning Maidenhead, pension drawdowns, life assurance advice, personal financial planning, cashflow analysis, financial planning, trustee investment services, financial analyst services, income protection, general financial planning in Maidenhead, financial services, life insurance advice in Maidenhead, pension advice, will writing services, corporate bonds Maidenhead, and lots more.
Everyday Duties for a Financial Advisor
- Financial advisors update customers concerning their investments.
- Financial advisors work together with their peers to obtain statistics, market information and trends.
- Financial advisors talk with clients regarding their plans and finances.
- Financial advisors produce in-depth financial reports.
- Financial advisors meet targets for sales and performance.
- Financial advisors keep fully abreast of new products and law changes.
- Financial advisors make deals with with providers of financial products.
- Financial advisors maintain detailed records of transactions and customers.
- Financial advisors recommend the financial products that are best-suited to their customers.
- Financial advisors provide counselling, education and consultation regarding finances and investments.
Necessary Skills to be Financial Advisors
- A good level of maths knowledge for creating financial packages.
- To have the ability to network and establish relationships with customers.
- Excellent management skills for negotiating product fees.
- Excellent verbal communication skills.
- To be target driven.
- Good customer service skills for identifying customer needs and requirements.
- To have the ability to use a computer and the principal software programs.
- To have the ability to listen attentively
- A good knowledge and understanding of economics and accounting relating to financial products and markets.
- To be good at promoting products and services.
- To be thorough and pay attention to detail.
Financial Advisors Near Maidenhead
Also: Woolley Green financial advisors, Bisham financial advisors, Warren Row financial advisors, Courtlands financial advisors, Furze Platt financial advisors, Littlefield Green financial advisors, Touchen-End financial advisors, White Waltham financial advisors, Knowl Hill financial advisors, Littlewick Green financial advisors, Burnham financial advisors, Bray Wick financial advisors, Twyford financial advisors, Pinkneys Green financial advisors, Taplow financial advisors, Cookham financial advisors, Burchett's Green financial advisors, Ruscombe financial advisors, Holyport financial advisors, Waltham St Lawrence financial advisors, Dorney Reach financial advisors, Hitcham financial advisors, Bray financial advisors, Wargrave financial advisors, Cockpole Green financial advisors, North Town financial advisors, Lent Rise and more.
- Maidenhead Life Insurance Advice
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Financial Advisors Around Maidenhead: Financial advice has recently been provided in these Maidenhead roads - Bridge Road, The Switchback, The Hyde, Aldebury Road, Beaufort Place, Thames Crescent, Court Close, Chauntry Road, Sperling Road, The Tressel, Canon Hill Way, Cox Green Road, Sutton Close, Chatsworth Close, Stompits Road, Birdwood Road, Creden Close, Bray Close, Chalgrove Close, Blakeney Court, Bigfrith Lane, Cox Green Lane, Station Hill, Church Views, Boulters Lane, Audley Drive, Bardney Close, Shottesbrooke Park, Boulters Lock Island, as well as the following local Maidenhead postcodes: SL6 1PA, SL6 1DH, SL6 1NA, SL6 1DD, SL6 1AL, SL6 1HR, SL6 1HY, SL6 1AJ, SL6 1NT, SL6 1LT.
For local information about Maidenhead, Berkshire click here
More Berkshire Financial Advisors: More Ascot, Bracknell, Maidenhead, Sandhurst, Newbury, Sunninghill, Windsor, Slough, Wokingham, Twyford, Woodley, Finchampstead, Reading, Crowthorne, Winkfield, Thatcham and Tilehurst.:
Independent financial advisor in SL6 area, phone code 01628.
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