Financial Advisor Margate

Margate Independent Financial Advice & Investment

Financial Advisor Margate Kent (CT9): If you're seeking financial advice for the very first time, trying to find a good independent financial advisor in the Margate area can be a daunting experience. Whether it's pensions, mortgage, investments or even insurance advice that you're searching for, there's one common rule for all financial advisors; they all have to observe Financial Conduct Authority regulations. The advantage of this is that should a financial advisor who is FCA certified give you poor quality advice, and things go wrong, you have guarantees, and can go to the Financial Services Compensation Scheme or the Financial Ombudsman to get things put right.

Free Margate Financial Advisor Quotes

A good starting point when choosing a financial advisor in Margate can be friends and neighbours, but remember that the kind of advice you are searching for might be different to theirs. Not every financial advisor is suitable for everybody, and any advice they provide needs to be personalised to your particular situation. It is a good idea to chat to at least 3 different firms when you are considering a financial advisor, since this is a big decision, and you will be looking to find one that you feel comfortable with and can trust, and also explore the various options they can provide.

Financial Advisor Margate Kent (CT9)

Independent financial advisors and restricted advisors, are the two principal kinds of financial advisor in Margate. Offering a more diverse range of options, an IFA won't be confined to the products and services of a single company. Independent financial advice must be provided in a frank and impartial way and should cover the entire gamut of financial products and companies. Using an independent financial advisor should allow you to choose between the broadest possible range of products. A restricted advisor could be concerned with an individual product, as with a mortgage advisor, or be limited to services and products from a specific company.

Before any Margate financial advisor accepts you as a client, they're required by the Financial Conduct Authority to be transparent about their charges. You may be charged by the hour, a set fee or maybe even a specific percentage of your investment, based upon services you're looking for. You could be offered a free first consultation to allow you to discuss your goals and find out if the advisor is a right fit for you and your circumstances. If you use one of the bigger Margate companies, your account could be looked after by a team of advisors rather than just one individual.

Financial Advisors Margate UK (01843)

Before any actual advice is given you will be asked to fill out a confidential disclosure document, called a "Fact Find" form, which tells the advising firm about your financial situation and desired goals. You will also be handed a Key Facts Document, or Initial Disclosure Document, which provides information about the financial advisor, their situation for offering restricted or independent advice and their range of permissions in the financial arena. If you're not happy with the service, and wish to complain, this document will also set down your rights and the options you can take. It should describe precisely what you're signing up for, and any potential benefits and risks if you choose to accept the advice offered, and it must be set down in plain language. The level of cooling-off period should also be explained in this Key Facts Document. This allows you to change your mind within a certain time period, and cancel your agreement with the financial advisor.

The first time you're chatting with the financial advisor ensure that you check what qualifications and experience they have. Asking such questions shouldn't be a cause for embarrassment, because you are entrusting them with your financial wellbeing. All financial advisors in Margate 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 freak out if your particular advisor's name doesn't appear on there; you ought to be able to locate the firm name, and that means the legislation covers all of their advisors. The individual can still offer financial guidance instead of advice, if these cannot be presented. Guidance is not subject to regulations in the way that financial advice is, which means that if errors occur neither party will have any recourse.

Financial Advisor Quotes in Margate Kent

If you are seeking advice on investments you'll be asked about the level of risk you're willing to take on. Better rewards might be possible with higher risk investments, however you could also lose some or all of your funds. In order to get the very best investment and financial advice, your savings goals will need to be carefully considered, i.e. how much cash you want to invest, how quickly you need access to your money and long or short term investments. The one question that you should ask yourself, which is often ignored, is just how much money you can actually afford to lose. This may well influence the services and products that you're offered, and is commonly called your 'capacity for loss'.

Financial Advice Near Margate Kent

If you have already got any existing regular outgoings, savings, investments or mortgages, you have to tell your financial advisor about these. This will provide a clear and full picture of your current financial circumstances, without which the advice you're given will most likely not be the most suitable for you. Spreading the risk across a number of different products by diversifying your investments and savings, is something that sound financial advice should encompass. In order to mirror your goals and financial circumstances, a qualified financial advisor in Margate will be aware of the best areas to consider.

Your financial advisor will attempt to communicate in as much plain speech as possible, to throw open the multifaceted world of finance. You should be able to make an informed and educated decision when you have compared the various products and services which meet your needs. If you are environmentally minded, you could perhaps ask your advisor to stick to ethical investments and savings. You can then stay away from companies that companies meet your criteria, but instead lend your support to those companies and enterprises that address your concerns, for instance zero carbon or green energy.

It may prove tricky to manage your work day and other obligations around a close working relationship with your financial advisor in Margate. This can be alleviated by supplementing face-to-face appointments with telephone calls and video conferencing, hence enabling you to seek the advice you need at a convenient time. An established financial advice company in Margate will have stringent measures in place to keep your details secure and confidential, even if you hardly ever have a face-to-face meeting with your personal advisor, because home and remote working is now so common.


Investments can go down as easily as they can go up, because the financial sector can be volatile. If it happens that your investment fails to make as much money as you were hoping for, it can be a frustrating and worrying time. A downward trend in your investment is not a recognised cause for complaint, unless your advisor has supplied you with wrong or misleading information.

Independent Financial Advisor Near Margate (CT9)

Any complaints should begin with the firm's complaints procedure as laid out in the Key Facts Document. If the matter is unsolved within the time-frame set by the regulating authority, and your advisor is registered with the FCA, you can notify the Financial Ombudsman.

The Financial Ombudsman will independently review the cause of the complaint and come to a decision. If it is found that the complaint is justified, a decision will be made on how the customer can be compensated or the situation rectified. Once the decision has been accepted by the customer it becomes a legally binding decision that the advisor and their company, must comply with. Any hassle, annoyance, inconvenience and distress caused to the client during the process, will be accounted for when the Ombudsman sets the level of compensation.

Book a Financial Advisor in Margate UK

Financial advice can be provided in Margate and also nearby in: Northwood, Westgate-on-Sea, St Lawrence, Reading Street, Northdown, Kingsgate, Broadstairs, Garlinge, Haine, Birchington, Woodchurch, Manston, Westwood, St Peters, Cliftonville, Monkton, and in these postcodes CT9 1NX, CT8 8JJ, CT9 1JJ, CT9 1LF, CT9 1AA, CT8 8WT, CT8 8AG, CT9 1PJ, CT9 1ET, CT9 1LG. Locally based Margate financial advisors will most likely have the postcode CT9 and the dialling code 01843. Checking this should guarantee you're accessing locally based financial advisers. Margate homeowners can benefit from these and numerous other similar services.

Pension Planning

Towards a secure retirement, pension planning takes a vital role. The process can be substantially enriched through the involvement of a financial advisor's services. Assessing your current financial situation, a competent advisor will understand your retirement goals and design a customised pension plan. Navigating the complexities of UK pension alternatives, they deal with workplace pensions, the state pension, and self-invested personal pensions (SIPPs). You can take advantage of their expertise to make informed decisions about contributions, investment choices and tax implications. Ensuring that you create a robust pension plan, providing financial stability and peace of mind for your future, is achieved by working with a financial advisor in Margate.

The State Pension is the foundation of UK pension planning, since it provides a basic level of retirement income that is essential for the vast majority of individuals. The State Pension is typically only available to those who have made enough National Insurance contributions over their working life. The importance of understanding the intricacies of the State Pension scheme has increased, due to changes to the State Pension age and the number of qualifying years. (42316)

The Skills and Knowledge Needed to be a Financial Advisor

  • To be thorough and pay attention to detail.
  • Good business management skills for the negotiation of product rates.
  • To have excellent time management skills.
  • Effective skills in customer service for determining client needs.
  • A thorough knowledge of economics and accounting relating to financial markets and products.
  • To be able to network and build relationships with clients.
  • An outstanding level of numeracy for creating financial plans.
  • Outstanding skills in verbal communication.
  • The ability to sell products and services.
  • To have good IT skills.
  • To have attentive listening skills.

Margate Financial Advice Services

Financial Advice Tasks Margate

There is a wide range of services which are provided by your local Margate financial advisor including general financial planning in Margate, cash flow modelling, pension drawdowns Margate, corporate financial planning in Margate, inheritance tax planning, long term care fee planning, unit trusts in Margate, familt controlled trusts, savings advice, cheap financial advice, personal financial planning, personal protection, business financial planning, mortgage financial planning, trusts, personal pensions, life assurance, portfolio management, critical illness cover, saving for children, offshore investment advice, bereavement benefit advice, income protection advice, trustee investment services, investment bonds, pension reviews Margate, stakeholder pensions in Margate, divorce financial planning in Margate, life insurance, pension transfer advice in Margate, and more. These are just a handful of the tasks that can be performed by a financial advisor. Margate professionals will let you know their entire range of services.

A Financial Advisor's Day to Day Tasks

  • A financial advisor talks with clients regarding their plans and finances.
  • A financial advisor produces comprehensive financial reports.
  • A financial advisor provides education, consultation and counselling with regards to investments and finances.
  • A financial advisor works in conjuction with associates to gather statistics, trends and market information.
  • A financial advisor keeps a record of transactions and customers.
  • A financial advisor updates customers about their investments.
  • A financial advisor meets targets for performance and sales.
  • A financial advisor recommends the best-suited financial products to clients.
  • A financial advisor keeps fully up to date with law changes and new financial products.
  • A financial advisor collaborates with financial product providers.

Financial Advisors Near Margate

Also find: Westwood financial advisors, Garlinge financial advisors, St Lawrence financial advisors, Haine financial advisors, Cliftonville financial advisors, Monkton financial advisors, Birchington financial advisors, Woodchurch financial advisors, Reading Street financial advisors, Manston financial advisors, Kingsgate financial advisors, St Peters financial advisors, Northdown financial advisors and more. Financial advisors are available for discussions in all these villages and towns. Homeowners in these places can make enquiries about financial advice by going here.

Margate Financial Advice Services

Find a Financial Advisor in Margate Here
Financial Advice Enquiries in Margate Kent (01843)
  • Margate Cashflow Analysis
  • Margate Retirement Advice
  • Margate Life Insurance Advice
  • Margate Tax Advice
  • Margate Trustee Investments
  • Margate Independent Financial Advice
  • Margate Corporate Financial Planning
  • Margate Estate Planning
  • Margate Investment Advice
  • Margate Financial Services
  • Margate Mortgage Advice
  • Margate Cheap Financial Advice
  • Margate Pension Advice
  • Margate Wealth Management

More Margate Services: Undoubtedly, when you happen to be looking at your finances in Margate, Kent, you'll likely be in need of all kinds of different services and apart from a financial advisor in Margate, Kent, you may also need debt recovery & collection in Margate, tax preparation in Margate, investment advisors in Margate, will writing in Margate, contracts lawyers in Margate, bookkeepers in Margate, business consulting in Margate, banruptcy lawyers in Margate, business financial planning in Margate, mortgage advice in Margate, estate planning in Margate, family lawyers in Margate, mortgage brokers in Margate, accountants in Margate, property law & conveyancing in Margate, solicitors in Margate, payroll services in Margate, and other different Margate experts.

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Margate Financial Advisor Jobs: See financial adviser jobs near Margate here: General Financial Advisor Jobs

Independent financial advisor in CT9 area, and dialling code 01843.

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(This financial advisor Margate content was edited and updated on 20-02-2024)