Financial Advisor Reading Berkshire (RG1): If you are seeking financial advice for the very first time, trying to locate a reliable financial advisor advisor in the Reading area can be a daunting experience. Whether it's pension, investments, mortgage or even insurance advice that you are looking for, there's one common rule for all financial advisors; they must all adhere to Financial Conduct Authority (FCA) regulations. Any advice given from a FCA registered financial advisor in Reading comes with certain guarantees that if anything should go awry, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman.
A decent starting place when choosing a financial advisor in Reading can be friends and family, but bear in mind that the type of advice you're searching for might be somewhat different to theirs. Financial advice needs to be individually tailored to your particular circumstances, and you will discover that certain financial advisors may not be appropriate for you. It is a good idea to talk to at least three different companies when you're picking a financial advisor, since this is a major decision, and you'll be looking to find one that you feel comfortable with and can trust, and check out the options they can provide.
There are 2 principal kinds of financial advisor in Reading; independent financial advisors and restricted advisors. The good thing about using an independent financial advisor is that they should not be restricted to a single provider's services or products, and can offer a wide range of options. Encompassing the entire spectrum of financial products and companies, independent financial advice should be offered in an unbiased and impartial way to clients. Consulting an independent financial advisor should enable you to select from the broadest possible array of services. If you use a restricted financial advisor you'll discover that they may be limited to products and services of a single firm, or as in the case of a mortgage advisor, will only be concerned with one product.
The Financial Conduct Authority demands that any financial advisor in Reading must tell you about their charges, before taking you on as a client. Although it can vary dependant upon the type of service or product you're looking for, there may be a set fee, an hourly rate, or you may even be charged a percentage of what you are investing. To enable you to discuss your objectives and determine whether the advisor is the correct fit for your situation, a free initial consultation may be offered. If you go to one of the bigger Reading firms, your account might be handled by a team of advisors rather than one individual.
Before any actual financial advice is given you will be asked to fill in a confidential disclosure form, called a "Fact Find" document, which informs the advising company about your financial situation and aims. A Key Facts or Initial Disclosure Document will also be given to you, providing details about the financial advisors themselves, detailing their range of permissions in the financial sector and their status to offer restricted or independent advice. If you aren't satisfied with the service, and wish to complain, this document will also lay down your rights and the options you can take. It has to be simple to understand, written in layman's terms, and describe precisely what you are committing yourself to, together with the risks and benefits of taking the proffered advice. You'll find the amount of cooling-off period in this document. This permits you to have a change of heart within a certain time period, and cancel the agreement with your financial advisor.
When talking to your financial advisor for the first time ensure that you check their qualifications and experience. Asking such questions should not be a cause for embarrassment, because after all you're entrusting them with your financial wellbeing. A Level 4 qualification in financial advice is the minimum required qualification for any Reading financial advisor, and they must also be able to provide you with an annual Statement of Professional Standing. You shouldn't freak out if your specific advisor's name does not appear on the Financial Services Register, so long as the company is on the register, their personnel are covered by the regulations. The person can still offer financial guidance as opposed to advice, if these cannot be presented. Guidance is not subject to regulations in the way that financial advice is, which means that if mistakes are made the client won't have any recourse.
If you are needing advice on investments you will be asked about the level of risk you're comfortable with. Bigger rewards may be possible with higher risk investments, but you stand a greater chance of losing some or all of your cash. Your savings aims must be taken into account if good investment and financial advice is to be given, i.e. how much you wish to invest, long or short term investments and how quickly you need access to your money. One question you should ask of yourself, which is often neglected, is how much money you can really afford to lose. This could influence the services and products that could be offered for your consideration, and is sometimes referred to as your 'capacity for loss'.
You will need to let your financial advisor know about any existing regular outgoings, mortgage loans, investments or savings. To ensure that you receive the best advice for you, they need to gather a full and clear picture of your finances. Smart financial advice should include diversifying your investments and savings by spreading the risk load across various products. Having a knowledge of the best areas to consider, an experienced financial advisor will concentrate on products that fit in with your financial situation and goals.
Communicating in the clearest possible way, your financial advisor will open up the complex world of investment and finance. You should be able to come to an informed decision after you have learned about the various services and products which match your needs. If environmental issues are at the forefront of your mind, you could even ask that ethical savings and investment schemes take precedence. You will then be able to stay away from businesses that investments meet your requirements, but instead support those businesses and firms that match your concerns, for instance renewable energy or zero carbon.
It can prove hard to manage your work day and other responsibilities around working closely with your financial advisor in Reading. To allow you to get advice at times that suit you, face-to-face appointments can be supplemented with video conferencing and telephone. A professional financial advice provider in Reading will have strict measures in place to keep your details confidential and secure, even if you hardly ever have an in-person meeting with your personal advisor, because home and remote working is now so common.
Investments can easily go down as well as up, as the financial world can be a volatile one. If your investment isn't making the amount of money you hoped for, it can be incredibly demoralising and worrying. However, unless it is down to misleading or wrong information from your financial advisor, a downward spiral in your investment is not a recognised grounds for complaint.
The company's complaints procedure should be the starting position for any grievances, and the Key Facts Document will discuss this. If the financial advisor is registered with the Financial Conduct Authority, you can tell the Financial Ombudsman about the issue if it remains unresolved within the time schedule set out by the regulating body.
After reviewing the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. If the complaint is found to be justified, a decision is made on how to financially compensate the client. On acceptance by the customer, the ruling will become legally binding, and the financial advisor and their company must abide by it. Any compensation laid down by the Financial Ombudsman will also take into consideration any inconvenience, annoyance, distress and trouble caused to the client during the dispute.
Financial advice can be provided in Reading and also in nearby places like: Tilehurst, Pangbourne, Dunsden Green, Caversham Heights, Lower Earley, Southcote, Mapledurham, Englefield, Sonning, Sulham, Emmer Green, Norcot, West Reading, Woodley, Shinfield, Tidmarsh, Earley, Pingewood, Play Hatch, Calcot, Whitley, Chazey Heath, Caversham, Theale, Purley on Thames, together with these postcodes RG1 1NG, RG1 1YE, RG1 2AF, RG1 1DB, RG1 2SA, RG1 2PR, RG1 2AX, RG1 1DN, RG1 1ET, RG1 2DP. Locally based Reading financial advisors will most likely have the telephone code 0118 and the postcode RG1. Click on the "enquiry" banner or form to get specifics of financial advisors in your location.
Reading Financial Advice Services
There are a wide range of services which can be provided by your local Reading financial advisor including unit trusts in Reading, ethical investment advice, corporate bonds in Reading, trustee investment services, stakeholder pension advice in Reading, portfolio management, family income benefit, personal financial planning, equity release advice Reading, pension plans in Reading, general financial planning in Reading, cheap financial advice, offshore investments, corporate financial planning, investment planning, financial services in Reading, income protection advice, long term care fee planning, inheritance tax planning in Reading, business planning in Reading, will writing services, investment planning in Reading, mutual funds, life assurance, life insurance, and lots more.
Financial Advisors Near Reading
Also: Whitley financial advisors, Southcote financial advisors, Tidmarsh financial advisors, Shinfield financial advisors, Sulham financial advisors, Calcot financial advisors, Dunsden Green financial advisors, Sonning financial advisors, Tilehurst financial advisors, Emmer Green financial advisors, Pangbourne financial advisors, Pingewood financial advisors, Lower Earley financial advisors, Norcot financial advisors, Caversham financial advisors, Theale financial advisors, Purley on Thames financial advisors, West Reading financial advisors, Play Hatch financial advisors, Mapledurham financial advisors, Earley financial advisors, Englefield financial advisors, Caversham Heights financial advisors, Woodley financial advisors, Chazey Heath and more.
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Financial Advisors Around Reading: People living in the following roads and streets have just recently requested financial advice - Tilney Way, Talfourd Avenue, Sackville Street, Chiltern Manor Flats, Cherry Close, Admoor Lane, The Orchard, Beatty Drive, Cleeve Road, Charlville Drive, The Pavilions, Thames Avenue, Bath Road, Sellafield Way, Adwell Drive, Shooters Hill, Baydon Drive, Carlton Close, Birchwood Close, Tag Lane, Boulters Close, The Short, Church Lane, Body Road, Sandford Drive, Treacher Court, Downfield Road, Camborne Close, Clares Green Road, Bell Court, as well as the following local Reading postcodes: RG1 1NG, RG1 1YE, RG1 2AF, RG1 1DB, RG1 2SA, RG1 2PR, RG1 2AX, RG1 1DN, RG1 1ET, RG1 2DP.
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Independent financial advisor in RG1 area, phone code 0118.
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