Financial Advisor Rainham Essex (RM13): If you are seeking financial advice for the first time, trying to locate a good financial advisor advisor in the Rainham area can be a quite daunting experience. Whether you are looking for mortgage, investment, pensions or even insurance advice, all financial advisors are bound by one simple rule; they all have to adhere to the regulations set by the Financial Conduct Authority. The advantage of this is that should a financial advisor who is FCA authorised give you bad advice, and anything goes awry, you've got guarantees, and can get in touch with the Financial Ombudsman or the Financial Services Compensation Scheme to get things put right.
Recommendations from friends and family can be a decent starting place in choosing a financial advisor in Rainham, but keep in mind that their needs could be different to the kind of advice you are looking for. Every financial advisor is not suitable for everybody, and their advice needs to be tailored to your unique situation. Choosing a financial advisor is a major decision and it pays to speak to at least three different companies so as to investigate the options they offer, and to find one that you can trust and feel comfortable with.
Independent financial advisors and restricted advisors, are the 2 principal types of financial advisor in Rainham. An IFA will not be restricted to the products and services of a single company. Covering the full gamut of financial products and companies, independent financial advice must be offered in an unbiased and impartial way to clients. This enables you to select from the widest possible range of products to meet your needs. A restricted advisor might be limited to products and services from a specific firm, or may even concentrate on a particular product, as may be the case with a mortgage advisor.
The Financial Conduct Authority demands that any financial advisor in Rainham must discuss their charges with you, before accepting you as a client. Subject to the product you are looking for, you could be charged a set fee, by the hour or maybe even a specific percentage of your investment. A free preliminary consultation might be offered, so that you can discuss your aims and situation to find out if the advisor is the right fit. In some of the larger Rainham companies, you might find that your account is handled by a team rather than an individual advisor.
Before any actual advice is handed out you'll need to complete a confidential disclosure document, called a "Fact Find" form, which informs the advising company about your targets and financial situation. To provide information about the financial advisor, their status to offer independent or restricted advice and their range of permissions in the financial arena, you'll also be handed an Initial Disclosure Document, or Key Facts Document. Your own legal rights will also be set out in this document, together with the options you can take if you wish to make a complaint because you're not satisfied with the service you are given. It should detail precisely what you are committing yourself to, and any potential benefits and risks that exist if you opt to take the offered advice, and it should be laid out in plain language. This document must also inform you about the cooling-off period. This allows you to have a change of heart within a specific period of time, and cancel your contract with the financial advisor.
You should check the experience and qualifications of the financial advisor when you first speak with them. After all you're about to entrust your financial future to their expertise, so you must not be self-conscious about asking these questions. All financial advisors in Rainham must as a minimum hold a Level 4 qualification and be able to present an annual Statement of Professional Standing. When checking the Financial Services Register, don't panic if your particular advisor's name does not show up on there; you will probably locate the company name, and that means the legislation covers all of their advisors. If these can't be presented the person may still offer financial guidance instead of advice. Guidance isn't subject to regulations in the same way as financial advice, which means that if errors arise neither party will have any recourse.
If it's investing money that you're interested in, the advisor will ask you about the level of risk you might be prepared to accept with your hard-earned cash. Many investments carry some degree of risk, but higher risk investments could offer better rewards, and also more chance of losing some or all of your funds. Good investment and financial advice will take you savings goals into consideration, i.e. short or long term investments, how much you have to invest and how quickly you need access to your funds. One question you should ask yourself, which is frequently overlooked, is just how much you can really afford to lose. This may influence the services and products that you are offered, and is generally known as your capacity for loss.
If you already have any existing savings, regular outgoing payments, investments or mortgage loans, you have to let your financial advisor know about these. This will give a clear and full picture of your financial circumstances, without which the advice you get will most likely not be the most appropriate for you. Reliable financial advice should include diversifying your savings and investments by spreading the risk across a number of different products. So as to mirror your goals and financial circumstances, a qualified financial advisor in Rainham will have the knowledge of the best products to consider.
A financial advisor will unmask the complex world of finance, and communicate in as plain a speech as possible. This will enable you to compare products and services which meet your needs, and come to an informed decision. You can maybe ask your financial advisor only to choose ethical savings and investments. This allows you to lend support to organisations and companies which address your concerns, e.g. renewable energy or zero carbon, or perhaps steering clear of corporations that do not meet your criteria.
It could prove hard to manage your work life and other responsibilities around a close working relationship with a financial advisor in Rainham. This can be reduced by augmenting one-on-one meetings with video conferencing and telephone, therefore allowing you to seek the advice you need at convenient times. Any experienced financial advice firm in Rainham will have stringent measures in force to ensure your details are kept confidential and secure, even if you rarely have an in-person meeting with your advisor, because remote and home working is now so common.
Investment values could go down as well as up, and this is something that you must always keep in mind. If your investment is not making the amount of money you were hoping for, it can be incredibly stressful and demoralising. Sadly, your investment having a downward trend isn't seen as a basis for complaint, unless of course it is because of misleading or wrong information from your financial advisor.
As outlined in the Key Facts Document, any complaints should begin with the company's complaints procedure. If the advisor is a member of the FCA, you can inform the Financial Ombudsman of the issue if it remains unsolved within the period laid down by the regulating body.
The Financial Ombudsman will look into the cause of the complaint and make a ruling. A decision is made on how to financially compensate the customer, if the complaint is justified. Once agreed on by the client, the ruling will become a legally binding one, and the financial advisor and their firm must comply with it. Any compensation set by the Financial Ombudsman will also take into account any hassle, upset, distress and inconvenience caused to the client during the situation.
Financial advice can be provided in Rainham and also in nearby places like: Barking, Elm Park, Hornchurch, Upminster, Wennington, Ilford, South Hornchurch, South Ockendon, Cranham, Romford, Purfleet, Aveley, Hacton, Dagenham, North Ockendon, Grays, Rush Green, together with these postcodes RM13 7RR, RM13 7QU, RM13 7TR, RM13 7HR, RM13 7EB, RM13 7BL, RM13 0BE, RM13 0BT, RM13 7DX, RM13 7PX. Locally based Rainham financial advisors will probably have the dialling code 01708 and the postcode RM13.
A Financial Advisor's Everyday Duties
- Financial advisors keep fully abreast of legislation changes and new products.
- Financial advisors produce comprehensive financial reports.
- Financial advisors thrash out advantageous deals with with providers of financial products.
- Financial advisors provide consultation, counselling and education with regards to finances and investments.
- Financial advisors keep detailed records of customers and transactions.
- Financial advisors recommend the best-suited financial products to their customers.
- Financial advisors chat with customers about their finances and plans.
- Financial advisors work in collaboration with associates to collect trends, market information and statistics.
- Financial advisors update clients concerning their investments.
- Financial advisors meet targets for sales and performance.
Skills and Knowledge Needed to be a Financial Advisor
- To have the ability to listen attentively
- A solid knowledge of accounting and economics with regard to financial markets and products.
- Good skills in verbal communication.
- To be organised and self-motivated.
- To be good at promoting services and products.
- Effective management skills for negotiating product prices.
- An excellent level of numeracy for developing financial strategies.
- To be thorough and pay attention to detail.
- To have good IT skills.
- To be able to network and establish solid relationships with clients.
- Excellent customer service skills for establishing client requirements.
Rainham Financial Advice Services
There is a range of services which are provided by your local Rainham financial advisor including life insurance advice Rainham, long term care fee planning, will writing services Rainham, ISA's, personal financial planning Rainham, stakeholder pensions Rainham, tax planning in Rainham, investment advice, mutual funds in Rainham, retirement plans, unit trusts, wealth management & investments, pension advice, income protection advice, independent financial advice, investment bonds, pension consolidation advice Rainham, ethical investment advice, financial services in Rainham, mortgage services in Rainham, cash flow modelling, trustee investment services, equity release advice, divorce planning, investment advice Rainham, and lots more.
Financial Advisors Essex
Around Essex you can additionally get: Cold Norton investment advisors, Feering financial advisors, Purleigh financial advisors, North Weald Bassett financial advice, Tolleshunt Darcy financial advisors, Henham investment advisors, Thaxted investment advisors, Ardleigh financial advisors, Althorne financial advisors, Great Tey investment advisors, Great Bardfield investment advice, Great Baddow investment advice, Horndon on the Hill financial advisors, Manningtree financial advice, Great Yeldham investment advisors, Springfield financial advisors, Fordham financial advisors, Saffron Walden financial advice, Chigwell financial advice, South Ockendon investment advice, Bures financial advice, Holland on Sea financial advice, Steeple Bumpstead investment advice, Ramsden Crays financial advisors, East Tilbury investment advice, Elsenham financial advisors, Maylandsea financial advice, South Ockendon financial advisors, Tolleshunt Knights investment advisors, Ingatestone financial advice.
Financial Advisors Near Rainham
Also: Cranham financial advisors, Ilford financial advisors, South Hornchurch financial advisors, Upminster financial advisors, Hornchurch financial advisors, Wennington financial advisors, Hacton financial advisors, Purfleet financial advisors, Grays financial advisors, Rush Green financial advisors, Dagenham financial advisors, Elm Park financial advisors, South Ockendon financial advisors, Aveley financial advisors, Romford financial advisors, Barking financial advisors, North Ockendon and more.
- Rainham Retirement Advice
- Rainham Wealth Management
- Rainham Financial Services
- Rainham Cashflow Analysis
- Rainham Corporate Financial Advice
- Rainham Inheritance Advice
- Rainham Mortgage Advice
- Rainham Trustee Investments
- Rainham Tax Advice
- Rainham Financial Advice
- Rainham Estate Planning
- Rainham Cheap Financial Advice
- Rainham Investment Advice
- Rainham Life Insurance Advice
More Rainham Services: Needless to say, when you happen to be looking at your finances in Rainham, Essex, you are likely to be in need of all types of different services and together with payroll services in Rainham, family lawyers in Rainham, bookkeeping in Rainham, mortgage advice in Rainham, property law & conveyancing in Rainham, mortgage brokers in Rainham, investment advisors in Rainham, debt recovery & collection in Rainham, wills in Rainham, business consulting in Rainham, solicitors in Rainham, banruptcy lawyers in Rainham, contracts lawyers in Rainham, estate planning in Rainham, tax preparation in Rainham, accountants in Rainham, business financial planning in Rainham, and other different Rainham experts.in Rainham, Essex, you may additionally need
Financial Advisors Around Rainham: In the past year financial advice was provided in these Rainham streets: Thorogood Way, Alexandra Road, Theydon Gardens, Tuck Road, Baillie Close, Stirling Close, Spinney Close, Bernice Close, Avelon Road, Surridge Close, Abberton Walk, Boucher Walk, Danyon Close, Benjamin Court, Todd Close, Crown Parade, Abbots Close, Seaburn Close, Blacksmiths Lane, Trafalgar Road, Betterton Road, St Johns Close, Christchurch Avenue, Dominion Way, Syracuse Avenue, Chantry Way, Thaxted Walk, and in these Essex postcodes: RM13 7RR, RM13 7QU, RM13 7TR, RM13 7HR, RM13 7EB, RM13 7BL, RM13 0BE, RM13 0BT, RM13 7DX, RM13 7PX.
For local Rainham info take a look here
Financial Advisor Jobs Rainham: Get financial advisor jobs in Rainham by going here: Rainham Financial Advisor Jobs
More Essex Financial Advisors: More Saffron Walden, Basildon, South Ockendon, Rayleigh, Harwich, Stanford-le-Hope, Clacton-on-Sea, Harlow, Loughton, Rochford, Chelmsford, Witham, Colchester, Wickford, Canvey Island, Braintree, Waltham Abbey, Rainham, Brentwood, Southend-on-Sea, South Woodham Ferrers, Billericay, Grays and Maldon.:
Independent financial advisor in RM13 area, (dialling code 01708).
Business Financial Advice Rainham - Financial Advisor Near Rainham - Life Insurance Rainham - Personal Financial Advice Rainham - 01708 - Cheap Financial Advice Rainham - Financial Advisors Rainham - Pension Advisors Rainham - Independent Financial Advisor Rainham