Financial Advisor Reigate Surrey (RH2): If you are in search of financial advice for the first time, trying to find a first-rate independent financial advisor in the Reigate area can be an intimidating experience. Whether it is investments, pension, mortgage or even insurance guidance that you are searching for, there is one common rule for all qualified financial advisors; they must all abide by FCA (Financial Conduct Authority) regulations. Any advice given by a FCA authorised financial advisor in Reigate comes with guarantees that if things go wrong, you have access to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
When choosing a financial advisor in Reigate, a good place to start could be friends and relations, however you must remember that your circumstances might not be in line with theirs, and you might need a different kind of advice. Financial advice should be specifically tailored to your unique circumstances, and you'll find that some financial advisors may not be suitable for you. To investigate the options that they are offering and find a financial advisor you can trust and feel comfortable with, it is a good idea to chat to at least 3 different companies, because picking a financial advisor is a major decision.
There are two principal kinds of financial advisor in Reigate; independent financial advisors (IFA) and restricted advisors. Offering a more diverse range of options, an IFA will not be confined to a single provider's services and products. Independent financial advice must be offered in an impartial way and across the whole gamut of financial products and companies. Using an independent financial advisor should allow you to choose from the broadest possible range of products. A restricted advisor could be limited to products and services from a single firm, or may even concentrate on a specific product, as may be the case with a mortgage advisor.
The FCA requires that any financial advisor must be transparent about their charges, before accepting you as a client. Although it varies contingent on the type of product you are interested in, there could be a set fee, an hourly rate, or you might even be charged a percentage of what you're investing. You will sometimes be offered the chance of a free preliminary consultation to enable you to discuss your goals and see if the advisor is suitable for your situation. In some of the bigger Reigate companies, you could find that your account is handled by a team as opposed to an individual.
To outline your desired goals and financial situation to the advising company, you will have to complete a "Fact Find" document, which is a confidential disclosure form. An Initial Disclosure, or Key Facts Document will also be given to you, providing information on the financial advisors themselves, detailing the scope of their permissions in the financial sector and their status to offer independent or restricted advice. If you're not satisfied with the service, and wish to submit a complaint, this document should also lay out your own rights and the possible options you can take. It should detail precisely what you are committing yourself to, and any possible risks and benefits should you opt to take the offered advice, and it must be laid out in clear language. The Key Facts Document will also tell you about the level of cooling-off period. This allows you to cancel your agreement within a certain number of days, and if any penalties are incurred.
The very first time you're speaking to the financial advisor ensure that you check what experience and qualifications they've got. You should not be self-conscious about asking such questions, after all you are just about to entrust your financial future to their expertise. All financial advisors in Reigate must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. When you check the Financial Services Register, you don't need to stress if your particular advisor's name does not show up on there; you should be able to find the firm name, and that means the regulations covers all of their personnel. The individual can still offer financial guidance rather than advice, if these cannot be presented. Guidance differs to advice as it is not regulated, and if mistakes occur there will probably be no recourse to either party.
You'll be asked the level of risk you are ready and able to accept, if you are seeking advice on investing money. Higher rewards could be possible with high risk investments, but you stand a greater chance of losing some or all of your cash. Good financial and investment advice should take you savings objectives into consideration, i.e. how quickly you need access to your money, long or short term investments and how much you wish to invest. You should invariably ask yourself the one important question, how much can you afford to lose. Generally referred to as your 'capacity for loss', this will very likely have an effect on services and products that you're offered.
From the outset, it's vital that you tell your financial advisor about any investments, mortgage loans, savings or regular payments that you have. This should give a clear and full picture of your current financial situation, and without this the advice given will most likely not be the best for you. Spreading the risk across a range of different products by diversifying your investments and savings, is something that good quality financial advice should allow for. A competent financial advisor in Reigate will have the knowledge of the best areas to consider, which mirror your goals and your financial situation.
A financial advisor will open up the complex world of finance, and try to converse in the clearest possible way. This will allow you to compare services and products which meet your needs, and make an informed decision. If you're mind is firmly on the environment, you could even ask your financial advisor to stick to ethical savings and investment schemes. You will then be able to stay clear of corporations that firms meet your criteria, and instead support those companies and enterprises that match your concerns, for example renewable energy or zero carbon.
Working closely with your financial advisor in Reigate can be difficult to manage around your work day and other commitments. One-on-one appointments can be supplemented with phone calls and video conferencing to allow you to get advice at times that suit you. Working from home and remote working is now so common, and a competent financial advice firm in Reigate will have rigorous measures in force to keep your details secure and confidential, even if you hardly ever have an in-person meeting with your personal advisor.
Investments can be an unpredictable area, and their values can fall as well as rise. If it just so happens that your investment isn't making as much money as you were hoping for, it can be a frustrating and stressful time. A downward trend in your investment isn't a recognised cause for complaint, unless your financial advisor has given you misleading or incorrect information.
Any complaints should start with the company's official complaints procedure as outlined in the Key Facts Document. You can tell the Financial Ombudsman about the problem if it remains unresolved within the period set out by the regulating body, and your advisor is a member of the FCA.
The Financial Ombudsman will independently review the cause of the complaint and make a ruling. If the complaint is found to be justified, a decision is made on how to financially compensate the customer. Once the ruling has been agreed on by the client it becomes a legally binding decision that the advisor and their company, must comply with. The Ombudsman will also take into consideration any annoyance, hassle, inconvenience and distress caused to the client during the dispute, and set the level of compensation proportionately.
Financial advice can be provided in Reigate and also nearby in: Mickleham, Merstham, Salfords, Sidlow, Wrays, Earlswood, Betchworth, Redhill, Hooley, South Park, Lower Kingswood, Buckland, Irons Bottom, Beare Green, Leigh, South Nutfield, The Acres, Horley, as well as in these postcodes RH2 0DD, RH2 0AH, RH2 0LX, RH2 0EZ, RH1 6QQ, RH1 6AU, RH2 0PN, RH2 0NT, RH2 0NG, RH2 0JX. Local Reigate financial advisors will likely have the postcode RH2 and the dialling code 01737. Click on the "enquiry" banner or form to get information on financial advisors in your location.
Reigate Financial Advice Services
There is a wide range of services which can be provided by your local Reigate financial advisor including mortgage services, life insurances, pension drawdowns, ethical investments Reigate, divorce financial planning in Reigate, pension plans, stakeholder pensions, pension consolidation advice in Reigate, long term care fee advice, business financial planning, income protection advice, cash flow modelling, life assurance advice in Reigate, inheritance tax planning, independent financial advice, corporate bonds, offshore investments, trusts, mutual funds, unit trusts, trustee investment services, will writing services, investment planning, equity release advice Reigate, ISA's in Reigate, and more.
The Skills and Knowledge Needed to be a Financial Advisor
- Excellent customer service skills for establishing customer requirements and needs.
- A good level of mathematical knowledge for developing financial strategies.
- To have active listening skills.
- To have excellent time management skills.
- To be thorough and pay attention to detail.
- To have the ability to use a computer and the appropriate software packages.
- To have the ability to network and build solid relationships with customers.
- A solid understanding of economics and accounting with regard to financial markets and products.
- Outstanding verbal communication skills.
- Excellent business management skills for negotiating product prices.
- To be good at promoting products and services.
Surrey Financial Advisors
In Surrey you'll likewise find: Frensham investment advisors, Nutfield financial advisors, East Horsley financial advisors, Shalford investment advice, Oxshott financial advice, Egham investment advice, Capel financial advisors, Englefield Green investment advice, Pirbright financial advisors, Newdigate financial advice, East Horsley investment advice, Lyne financial advisors, Ripley financial advisors, Hersham investment advisors, Cobham financial advisors, Molesey investment advice, Merstham investment advice, Send financial advice, Chobham investment advisors, Betchworth investment advisors, Felbridge financial advice, Elstead financial advisors, Lower Kingswood financial advice, Hooley investment advisors, Chiddingfold financial advisors, Egham financial advice, Hersham investment advice, Ottershaw financial advisors, Godstone financial advisors.
Financial Advisors Near Reigate
Also: Leigh financial advisors, Earlswood financial advisors, The Acres financial advisors, Beare Green financial advisors, Lower Kingswood financial advisors, Hooley financial advisors, South Park financial advisors, Horley financial advisors, Betchworth financial advisors, Irons Bottom financial advisors, Mickleham financial advisors, Salfords financial advisors, Buckland financial advisors, Wrays financial advisors, Sidlow financial advisors, Merstham financial advisors, South Nutfield financial advisors, Redhill and more.
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Financial Advisors Around Reigate: Households in Clayhill Road, Apley Road, Cage Yard, Duxhurst Lane, Atherfield Road, Tree Way, Cockshot Road, Castle Drive, Bell Street, Seale Hill, Staplehurst Close, South Road, Stockton Road, Tree View Court, Sandcross Lane, Blackborough Close, The Clears, St Albans Road, Church Street, The Chase, Alexander Road, The Dell, Alma Road, Carlton Road, Dovers Green Road, have needed financial advice just recently. Financial advisors have also been active in the following local Reigate postcodes: RH2 0DD, RH2 0AH, RH2 0LX, RH2 0EZ, RH1 6QQ, RH1 6AU, RH2 0PN, RH2 0NT, RH2 0NG, RH2 0JX.
Reigate Financial Advisor Jobs: Get financial advisor jobs in Reigate here: General Financial Advisor Jobs
More Surrey Financial Advisors: More Addlestone, Camberley, Woking, Hersham, Dorking, Banstead, Cranleigh, Reigate, Staines, Windlesham, Ash, Leatherhead, Ewell, Chertsey, Guildford, Sunbury-on-Thames, Esher, Horley, Haslemere, Caterham, Weybridge, Farnham, Redhill, Walton-on-Thames, Godalming, Epsom and Molesey.:
To find out local info on Reigate, Surrey go here
Independent financial advisor in RH2 area, (dialling code 01737).
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