Financial Advisor Melton Mowbray Leicestershire (LE13): Locating a reliable independent financial advisor in Melton Mowbray can be a daunting experience, in particular if you are needing financial advice for the first time. Whether it is investments, mortgage, pension or even insurance advice that you're searching for, there is one common rule for all financial advisors; they all have to follow FCA (Financial Conduct Authority) regulations. Any advice given through a FCA approved financial advisor in Melton Mowbray comes with certain guarantees that should anything go awry, you've got access to the Financial Services Compensation Scheme or the Financial Ombudsman.
When choosing a financial advisor in Melton Mowbray, a good place to begin could be neighbours and friends, but you must keep in mind that your situation might not be in line with theirs, and you might need a different type of advice. Their advice needs to be tailored to your particular circumstances, and every financial advisor isn't suitable for everybody. Picking the right financial advisor is important and it is a good idea to speak to at least 3 different firms in order to check out the options they provide, and to find one you feel comfortable with and can trust.
When you're looking to pick a financial advisor in Melton Mowbray, there are basically 2 principal types; restricted advisors and independent financial advisors (IFA). Offering a wider range of options, an independent financial advisor will not be restricted to the products and services of a single company. Independent financial advice must encompass the full spectrum of financial products and companies, and should be offered in an unbiased way. If you elect to use an independent financial advisor, you'll be able to choose from the broadest possible range of services, in order to find the right solution for you. A restricted financial advisor may be limited to products and services from one particular firm, or may even focus on a specific product, as can be the case with a mortgage advisor.
The FCA demands that any Melton Mowbray financial advisor must fully discuss their charges with you, before accepting you as a client. You may be charged by the hour, a set fee or even a specific percentage of your investment, depending on type of service you require. You will sometimes be offered the chance of a free initial consultation to enable you to discuss your aims and see if the advisor is a good fit for you and your situation. In some of the bigger Melton Mowbray companies, you may find that your account is handled by a team as opposed to an individual advisor.
Before any actual advice is given you will be required to fill in a confidential disclosure form, known as a "Fact Find" document, which informs the advising company about your targets and financial situation. An Initial Disclosure Document, or Key Facts Document will also be given to you, providing details of the financial advisors themselves, detailing their scope of permissions in the financial arena and their status to offer independent or restricted advice. If you aren't satisfied with the service provided, and wish to submit a complaint, this document should also set down your legal rights and the possible options you can take. It has to be easy to understand, written in layman's terms, and describe precisely what you're committing yourself to, along with the risks and benefits of taking the proffered advice. You'll find the level of cooling-off period in the Key Facts Document. Within a specific number of days, this allows you to cancel the contract with your financial advisor.
The first time you are talking with the financial advisor make sure you check what experience and qualifications they've got. After all you're on the verge of entrusting your financial wellbeing to their expertise, so you shouldn't be embarrassed about asking such questions. All financial advisors in Melton Mowbray must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. When checking the Financial Services Register, don't stress if your specific advisor's name doesn't show up on there; you ought to be able to locate the firm name, and that means the legislation covers all of their advisors. If these can't be provided the person can still offer financial guidance instead of financial advice. In financial terms guidance differs to advice and is not regulated in the same way. Therefore there's no recourse for the client if financial blunders arise.
If you are needing advice on investments you will be asked about the level of risk you are prepared to take. Higher risk investments may offer substantial rewards, but all or some of your money could be lost. In order to get the best investment and financial advice, your savings goals will have to be taken into account, i.e. how quickly you need access to your funds, how much you have to invest and long or short term investments. The one question that you should ask yourself, which is usually neglected, is how much money you can actually afford to lose. This is generally referred to as your capacity for loss and could affect the services and products that may be offered to you.
You should let your financial advisor know about your current regular payments, savings accounts, investments or mortgage loans. To make certain that you get the best advice for you, they need to gather a full and clear picture of your finances. Sound financial advice should include diversifying your savings and investments by spreading the risk across various products. So as to match your financial circumstances and goals, a qualified financial advisor in Melton Mowbray will understand the best products to consider.
Communicating in the clearest possible way, your financial advisor will lay bare the multifaceted world of finance and investment. This will permit you to compare services and products which meet your needs, and come to an informed decision. You can even ask your advisor only to specify ethical investments and savings. This allows you to give your support to organisations and companies which match your concerns, e.g. zero carbon or renewable energy, or perhaps steering clear of companies that do not meet your criteria.
Working together with your financial advisor in Melton Mowbray can be challenging to fit in around your work day and other obligations. To enable you to seek advice at times that suit you, face-to-face appointments can be augmented with phone calls and video conferencing. A competent financial advice company in Melton Mowbray will have rigorous measures in force to keep your details confidential and secure, even if you hardly ever have a one-to-one meeting with your advisor, because home and remote working is now so common.
You must always keep in mind that the financial world is an unpredictable sector, and investment values can just as easily fall as well as rise. If your investment isn't making as much money as you were hoping for, it can be quite worrying and disheartening. Your investment having a downward trend is not seen as a cause for complaint, unless your financial advisor has given you incorrect or misleading information.
As indicated in the Key Facts Document, any grievances should begin with the firm's official complaints procedure. You can tell the Financial Ombudsman about the problem if it remains unsolved within the time set out by the regulating body, and the financial advisor is registered with the Financial Conduct Authority.
After independently reviewing the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. A decision will be made on how to rectify or financially compensate the client, if the complaint is justified. The advisor and their company must abide by any ruling that's made, which becomes a legally binding decision once the customer has agreed to it. Any trouble, upset, distress and inconvenience caused to the client during the situation, will be taken into account when the Ombudsman sets the level of compensation.
Financial advice can be provided in Melton Mowbray and also in: Kirby Bellars, Frisby on the Wreake, Burton Lazars, Welby, Brentingby, Asfordby Hill, Eye Kettleby, Asfordby, Thorpe Arnold, Waltham on the Wolds, Holwell, Scalford, Great Dalby, and in these postcodes LE13 0FE, LE13 0JW, LE13 0NL, LE13 0LZ, LE13 0BB, LE13 0JR, LE13 0EU, LE13 0PA, LE13 0FP, LE13 0LQ. Locally based Melton Mowbray financial advisers will most likely have the phone code 01664 and the postcode LE13.
Melton Mowbray Financial Advice Services
There is a range of services which are provided by your local Melton Mowbray financial advisor including mortgage services in Melton Mowbray, pension drawdowns Melton Mowbray, trusts, ethical investment advice, annuity purchases, life assurance, pension reviews, cashflow analysis in Melton Mowbray, investment planning, offshore investments in Melton Mowbray, tax advice, retirement advice, general financial planning Melton Mowbray, investment plans, income protection advice, corporate bonds Melton Mowbray, trustee investment services in Melton Mowbray, pension consolidation Melton Mowbray, will writing services, corporate financial planning in Melton Mowbray, family income benefit in Melton Mowbray, independent financial advice, cheap financial advice, wealth management & investments, portfolio management, and lots more.
Leicestershire Financial Advisors
In Leicestershire you can likewise get: Husbands Bosworth investment advisors, Higham on the Hill investment advice, Thurmaston investment advice, Burton on the Wolds investment advisors, Breedon on the Hill financial advisors, Glenfield financial advice, Sheepy financial advice, Groby financial advice, Quorndon financial advice, Oadby financial advice, Earl Shilton investment advice, Shepshed investment advisors, Rothley financial advisors, Harby investment advice, Thurnby investment advice, Old Dalby financial advisors, Blackfordby financial advice, Thurcaston investment advice, Houghton on the Hill financial advice, Cosby investment advice, Worthington financial advice, Old Dalby financial advice, Cosby financial advisors, Anstey investment advisors, Markfield financial advice, Redmile investment advice, Lubenham financial advisors, Redmile financial advice, Wigston investment advisors.
Financial Advisors Near Melton Mowbray
Also: Eye Kettleby financial advisors, Scalford financial advisors, Asfordby financial advisors, Waltham on the Wolds financial advisors, Burton Lazars financial advisors, Thorpe Arnold financial advisors, Asfordby Hill financial advisors, Holwell financial advisors, Welby financial advisors, Kirby Bellars financial advisors, Brentingby financial advisors, Great Dalby financial advisors, Frisby on the Wreake and more.
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Financial Advisors Around Melton Mowbray: In the previous twelve months financial advice was provided in the following Melton Mowbray streets: Chapel Lane, Thorpe End, Debdale Place, Ashton Close, Bolton Lane, Antil Close, British School Gardens, Crompton Road, Dovedale Close, Sycamore Close, Bayswater Road, Back Street, Avon Road, Church Lane, St Johns Road, School Hill, Shepherds Croft, Station Lane, Brook Lane, The Brickyard, The Drift Road, Sapcote Court, The Drift, Asfordby Road, Sandy Lane, Adcock Close, Soar Close, Saxelby Road, Barker Crescent, and in these Leicestershire postcodes: LE13 0FE, LE13 0JW, LE13 0NL, LE13 0LZ, LE13 0BB, LE13 0JR, LE13 0EU, LE13 0PA, LE13 0FP, LE13 0LQ.
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Independent financial advisor in LE13 area, phone code 01664.
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