Financial Advisor Peterborough Cambridgeshire (PE1): It can be an intimidating experience trying to locate a good financial advisor advisor in the Peterborough area, particularly if it's the first time that you're seeking financial advice. Whether you're searching for pensions, investment, mortgage or even insurance advice, all professional financial advisors are bound by one simple rule; they all have to stick to the regulations of the FCA (Financial Conduct Authority). Any advice given by a FCA authorised financial advisor in Peterborough comes with certain guarantees that should anything go wrong, you've got access to the Financial Services Compensation Scheme or the Financial Ombudsman.
A decent starting place when choosing a financial advisor in Peterborough may be friends and neighbours, but bear in mind that the type of advice you are looking for may be significantly different to theirs. Every financial advisor is not suitable for everyone, and any advice they provide needs to be tailored to your unique situation. To check out the options they can provide and find a financial advisor that you feel comfortable with and can trust, it is wise to chat to at least 3 different firms, because after all selecting a financial advisor is an important decision.
There are 2 principal kinds of financial advisor in Peterborough; independent financial advisors and restricted advisors. The benefit of using an IFA is that they will not be confined to the services or products of just one provider, and can offer a broader range of options. Independent financial advice should cover the entire spectrum of financial companies and products, and should be given in an unbiased way. If you choose to use an IFA, you'll be able to select from the widest possible array of products, in order to find the ideal solution for your needs. A restricted advisor may be limited to services and products from a single company, or may even concentrate on a particular product, as may be the case with a mortgage advisor.
The FCA demands that any financial advisor in Peterborough must tell you about their charges, before accepting you as a client. Dependant upon the product you require, you could be charged a set fee, by the hour or maybe even a proportion of your investment. A free first consultation might be offered, so you can discuss your goals and circumstances to determine whether the advisor is a good fit. In some bigger Peterborough companies, you might find that your account is managed by a team as opposed to an individual.
You will be asked to fill out a "Fact Find" form, which is a confidential disclosure document relating your aims and financial situation to the advising company. An Initial Disclosure Document, or Key Facts Document will also be given to you, to provide information regarding the financial advisors themselves, outlining the extent of their permissions in the financial market and their situation for offering independent or restricted advice. This document will also lay down your own legal rights and the possible options you can take if you're not satisfied with the service provided, and would like to make a complaint. It must be simple to understand, written in plain English, and explain exactly what you are committing yourself to, along with the risks and benefits of going along with the advice. You will find the level of cooling-off period in this document. Within a specific time frame, this allows you to cancel your agreement.
The very first time you're talking to your financial advisor ensure that you check what qualifications and experience they've got. After all you're about to entrust your financial future to their expertise, so you should not be embarrassed about asking such questions. A Level 4 qualification is the minimum required certification for any Peterborough financial advisor, and they must also be able to present you with an annual Statement of Professional Standing. When you check the Financial Services Register, you shouldn't stress if your particular financial advisor's name does not show up on there; you ought to be able to find the firm name, and this means that the regulations covers all of their personnel. If they're unable to present this evidence, the individual cannot offer advice but can offer financial guidance. Guidance is different to advice as it is not regulated in the same way, and if financial errors are made there will likely be no recourse to the client.
You'll be asked the level of risk you're willing and able to take, if you are seeking advice on investing money. Bigger rewards might be possible with higher risk investments, but you stand a greater chance of losing all or some of your capital. Decent financial and investment advice will take you savings goals into consideration, i.e. how much money you want to invest, long or short term investments and how quickly you need to access your funds. "How much money can you afford to lose?" Is the one important question that you really need to ask yourself. This is referred to as your capacity for loss and might influence the services and products that may be offered to you.
If you've already got any existing investments, mortgage loans, regular outgoing payments or savings, you'll want to tell your financial advisor about these. They'll need this information, so they can get a clear picture of your finances and give the appropriate advice for your needs. Spreading the risk across a range of different products by diversifying your savings and investments, is something that smart financial advice should embrace. In order to match your financial situation and your goals, a professional financial advisor in Peterborough will understand the best areas to consider.
A financial advisor will open up the complex world of finance, and try to communicate in the clearest possible way. After comparing the services and products that match your needs, you should be able to make an informed and intelligent decision. If the environment is important to you, you could ask that ethical investment and savings schemes take top priority. You will then be able to stay away from companies that investments meet your requirements, and instead support those businesses and companies that address your concerns, for example zero carbon or green energy.
It can prove challenging to manage your work day and other obligations around a close working relationship with your financial advisor in Peterborough. One-on-one meetings can be complemented with video conferencing and telephone to allow you to seek advice at a time to suit you. Working from home and remote working is now a large part of our society, and an established financial advice firm in Peterborough will have stringent measures in force to keep your details confidential and secure, even if you rarely have a one-to-one meeting with your advisor.
You must always bear in mind that the financial sector can be an unpredictable one, and investment values can just as easily go down as well as up. If it just so happens that your investment isn't making the amount of money you were hoping for, it can be an extremely disheartening and stressful time. Unfortunately, a downward trend in your investment isn't a recognised cause for complaint, unless it is because of wrong or misleading information from your advisor.
As detailed in the Key Facts Document, any grievances should start out with the firm's complaints procedure. You can let the Financial Ombudsman know about the problem if it is unresolved within the time-frame laid down by the regulating authority, and the advisor is a member of the FCA.
The Financial Ombudsman will look into the cause of the complaint and come to a decision. A decision is made on how to financially compensate the client, if the complaint is justified. This will become a legally binding decision once it has been accepted by the customer, and the financial advisor and their company must abide by the ruling. Any compensation fixed by the Financial Ombudsman will also take into account any inconvenience, upset, trouble and distress caused to the customer during the situation.
Financial advice can be provided in Peterborough and also in: Old Fletton, Westwood, Garton End, Whittlesey, Stanground, Orton Malborne, Paston, Bretton, Wansford, Walton, Dogsthorpe, Fengate, Woodston, Yaxley, Longthorpe, New England, New Fletton, and in these postcodes PE1 1LY, PE1 1HS, PE1 1EH, PE1 2AD, PE1 1NG, PE1 1YY, PE1 1UU, PE1 1XF, PE1 1DA, PE1 1WA. Locally based Peterborough financial advisers will probably have the telephone code 1733 and the postcode PE1.
Peterborough Financial Advice Services
There are a wide array of services that can be provided by your local Peterborough financial advisor including family income benefit Peterborough, financial planning, cheap financial advice, investment bonds in Peterborough, investment advice, cashflow analysis, trustee investment services, tax advice, bridging finance, trusts, ethical investment advice, life assurance, unit trusts, inheritance tax planning Peterborough, annuity purchase, personal financial planning, long term care fee planning Peterborough, retirement advice Peterborough, will writing services Peterborough, annuities, portfolio management, wealth management & investments, independent financial advice, income protection in Peterborough, life insurance advice, and lots more.
The Day to Day Tasks for a Financial Advisor
- A financial advisor provides education, counselling and consultation regarding finances and investments.
- A financial advisor updates customers regarding their investments.
- A financial advisor produces comprehensive financial reports.
- A financial advisor keeps a record of customers and transactions.
- A financial advisor negotiates with financial product providers.
- A financial advisor keeps abreast of regulation changes and new products.
- A financial advisor works in conjuction with peers to obtain market information, trends and statistics.
- A financial advisor talks to customers about their plans and finances.
- A financial advisor researches financial products and explains them simply and clearly to customers.
- A financial advisor meets sales and performance targets.
Financial Advisors Near Peterborough
Also: Stanground financial advisors, Westwood financial advisors, Garton End financial advisors, New England financial advisors, Walton financial advisors, New Fletton financial advisors, Woodston financial advisors, Fengate financial advisors, Whittlesey financial advisors, Paston financial advisors, Wansford financial advisors, Old Fletton financial advisors, Longthorpe financial advisors, Orton Malborne financial advisors, Dogsthorpe financial advisors, Yaxley financial advisors, Bretton and more.
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Financial Advisors Around Peterborough: Some Peterborough roads and areas where financial advice has recently been given - Shrewsbury Avenue, Thomas Close, Denis Drive, Bellmans Close, Birchwood, Stamford Close, Benedict Square, Brownlow Road, Beech Close, Barr Street, Thetford Avenue, Scotney Street, Blatherwycke Road, Delph Street, Collyweston Road, Avon Court, Castel Way, The Drive, Thornleigh Drive, Carlton Court, Briggate Crescent, Stagsden, Thursfield, Abbey Way, Danes Close, Scotts Road, Ashburn Close, Central Square, Turnstone Way, Barkston Drive, as well as the following local Peterborough postcodes: PE1 1LY, PE1 1HS, PE1 1EH, PE1 2AD, PE1 1NG, PE1 1YY, PE1 1UU, PE1 1XF, PE1 1DA, PE1 1WA.
Financial Advisor Jobs Peterborough: View financial advisor jobs in Peterborough by clicking here: Peterborough Financial Advisor Jobs
To find out local info on Peterborough, Cambridgeshire look here
Independent financial advisor in PE1 area, telephone code 1733.
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