Financial Advisor Romford

Romford Independent Financial Advice & Investment

Financial Advisor Romford Essex (RM1): It can be an intimidating experience trying to locate a decent independent financial advisor in the Romford area, particularly if it's the very first time that you are needing financial advice. Whether it's investment, pension, mortgage or even insurance guidance that you're after, there is one common rule for all professional financial advisors; they all have to observe Financial Conduct Authority regulations. The good thing about this is that if a financial advisor who is FCA certified gives you bad advice, and things go wrong, you have guarantees, and can go to the Financial Services Compensation Scheme or the Financial Ombudsman to have it put right.

Free Romford Financial Advisor Quotes

A good starting place in choosing a financial advisor in Romford can be friends and relatives, but remember that the type of advice you're searching for could be different to theirs. Any advice they offer needs to be adapted to your specific circumstances, and not every financial advisor is suitable for everyone. To investigate the options that they are offering 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 selecting a financial advisor is an important decision.

Financial Advisor Romford Essex (RM1)

There are two main kinds of financial advisor in Romford; independent financial advisors (IFA) and restricted advisors. Offering a wider range of options, an independent financial advisor will not be restricted to the services and products of just one provider. Covering the entire spectrum of financial products and companies, independent financial advice must be offered in an unbiased and impartial way to clientele. Consulting an independent financial advisor should allow you to choose between the widest possible array of services. A restricted advisor may be concerned with an individual product, as with a mortgage advisor, or be restricted to services and products from a specific firm.

The Financial Conduct Authority requires that any Romford financial advisor must fully discuss their charges with you, before taking you on as a client. Although it varies dependant upon the type of service or product you're interested in, there could be a set fee, an hourly rate, or you might even be charged a proportion of what you're investing. A free first consultation could be offered, so that you can discuss your aims and circumstances to determine whether the advisor is the best fit. If you go with one of the larger Romford firms, your account may be managed by a team of advisors rather than just one person.

Financial Advisors Romford UK (01708)

You'll have to fill in a "Fact Find" form, which is a confidential disclosure document relating your financial situation and ambitions to the advising firm. An Initial Disclosure, or Key Facts Document will also be given to you, to provide details about the financial advisors themselves, outlining the extent of their permissions in the financial sector and their status to offer independent or restricted advice. If you're not 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 should detail exactly what you are signing up for, and any potential benefits and risks that exist should you opt to take the advice offered, and it must be written in plain English. You can find the level of cooling-off period in this document. This enables you to cancel the agreement within a certain number of days, and if any penalties have to be paid.

When speaking to the financial advisor the very first time make sure you check their experience and qualifications. You shouldn't be embarrassed about asking such questions, after all you're on the verge of entrusting your long-term financial wellbeing to their skill. A Level 4 qualification is the minimum qualification for any financial advisor in Romford, and they also have to be able to present you with an annual Statement of Professional Standing. If your advisor's name doesn't appear on the Financial Services Register, don't freak out, the company the individual works for will almost certainly be on the register and their advisors are all covered by the legislation. The person may still offer financial guidance instead of advice, if these cannot be provided. Guidance isn't subject to regulations in the same way as financial advice, meaning that if mistakes arise the client won't have any recourse.

Financial Advisor Quotes in Romford Essex

You'll be asked about the level of risk you are ready and able to take, if you are seeking advice on investments. Many investments carry some degree of risk, but higher risk investments could potentially offer larger rewards, and also more likelihood of losing some or all of your cash. In order to get the very best financial and investment advice, your savings aims must be given careful consideration, i.e. how quickly you need to access your money, how much you wish to invest and long or short term investments. "How much can you actually afford to lose?" Is the one important question that you really need to ask yourself. This is called your 'capacity for loss' and may well influence the services and products that are offered to you.

Financial Advice Near Romford Essex

You should let your financial advisor know about your current regular outgoings, investments, savings accounts or mortgage loans. To ensure that you get the most suitable advice for you, they need to have a full and clear picture of your financial circumstances. Spreading the risk across a range of different products through the diversification of your savings and investments, is something that reliable financial advice should allow for. With a knowledge of the best areas to consider, a certified financial advisor will favour products that most closely match your financial situation and goals.

A financial advisor will unmask the complex world of finance, and communicate in as much plain speech as possible. You should be in a position to make an informed and considered decision after you have learned about the various products and services which meet your needs. If the environment is important to you, you could even ask that ethical savings and investment schemes take top priority. This allows you to give your support to firms and businesses which match your concerns, i.e. renewable energy or zero carbon, or perhaps steering clear of companies that don't meet your standards.

It isn't that easy to work closely with a financial advisor in Romford without this impacting your work and other responsibilities. Face-to-face meetings can be complemented with phone calls and video conferencing to enable you to get advice at times that suit you. Remote and home working is now a large part of our society, and an experienced financial advice firm in Romford will have stringent measures in force to ensure your details are kept secure and confidential, even if you rarely have a one-on-one meeting with your advisor.


Investments can go down as easily as they can go up, since the financial world can be volatile. It can be quite stressful and frustrating if your investment isn't making the amount of money you were hoping for. A downward spiraling of your investment is not a recognised cause for complaint, unless your advisor has given you incorrect or misleading information.

Independent Financial Advisor Near Romford (RM1)

Any grievances should commence with the firm's official complaints procedure as described in the Key Facts Document. If the problem is unsolved within the time schedule stipulated by the regulating authority, and the financial advisor is registered with the FCA, you can advise the Financial Ombudsman.

The Financial Ombudsman will make a ruling after reviewing the cause for complaint independently. If it's found that the complaint is justifiable, a decision will be made on how the customer can be compensated. This becomes legally binding as soon as it has been accepted by the customer, and the advisor and their company must abide by the decision. The Ombudsman will also take into account any inconvenience, trouble, distress and annoyance caused to the client during the situation, and fix the level of compensation accordingly.

Book a Financial Advisor in Romford UK

Financial advice can be provided in Romford and also in nearby places like: Rush Green, Rigg Park, Collier Row, Hacton, Harold Hill, Upminster, Chigwell, Harold Wood, Elm Park, Heath Park, Havering-atte-Bower, Hornchurch, Ilford, Dagenham, Rainham, Chadwell Heath, together with these postcodes RM1 1XH, RM1 2AW, RM1 2AJ, RM1 2DH, RM1 2HJ, RM1 2NQ, RM1 1QX, RM1 2DT, RM1 1TJ, RM1 2BD. Locally based Romford financial advisers will most likely have the dialling code 01708 and the postcode RM1. Checking this out should guarantee you're accessing local financial advisers. Romford homeowners can utilise these and lots of other comparable services.

Everyday Tasks of a Financial Advisor

  • A financial advisor negotiates with financial product providers.
  • A financial advisor provides consultation, education and counselling regarding investments and finances.
  • A financial advisor works with associates to collect market information, trends and statistics.
  • A financial advisor consistently updates customers about their investments.
  • A financial advisor speaks with customers about their plans and finances.
  • A financial advisor meets sales and performance targets.
  • A financial advisor produces comprehensive financial reports.
  • A financial advisor keeps fully up to date with law changes and new financial products.
  • A financial advisor maintains detailed records of potential transactions and customers.
  • A financial advisor recommends the financial products that are best-suited to clients.

Romford Financial Advice Services

Financial Advice Tasks Romford

There are a wide array of services which are provided by your local Romford financial advisor including cash flow modelling, annuity purchases, investment reviews, personal protection in Romford, independent financial advice Romford, pension consolidation advice, stakeholder pension advice, personal pensions, life assurance advice, inheritance tax planning in Romford, corporate bonds, general financial planning, financial services, pension drawdowns Romford, long term care fee advice Romford, unit trusts Romford, financial analyst services Romford, will writing services, bridging finance in Romford, pension advice Romford, annuities, money planning, financial planning Romford, business protection in Romford, death benefits in Romford, tax advice, ISA's, trustee investment services, multi-asset portfolios, portfolio management, and more. Listed are just a few of the duties that can be carried out by a financial advisor. Romford professionals will be happy to tell you about their entire range of services.

Necessary Skills for Financial Advisors

  • Excellent customer service skills for determining customer needs.
  • To have excellent IT skills.
  • Good business management skills for the negotiation of product fees.
  • To be self-motivated and organised.
  • An excellent knowledge and understanding of accounting and economics relating to financial markets and products.
  • An excellent level of maths knowledge for developing financial plans.
  • To pay attention to detail and be thorough.
  • To be good at selling products and services.
  • To be able to network and build solid relationships with clients.
  • To have attentive listening and interpersonal skills.
  • Outstanding skills in verbal communication.

Financial Advisors Near Romford

Also find: Ilford financial advisers, Elm Park financial advisers, Havering-atte-Bower financial advisers, Rainham financial advisers, Harold Hill financial advisers, Rush Green financial advisers, Hacton financial advisers, Dagenham financial advisers, Upminster financial advisers, Chadwell Heath financial advisers, Harold Wood financial advisers, Collier Row financial advisers, Hornchurch financial advisers, Rigg Park financial advisers, Heath Park financial advisers, Chigwell financial advisors and more. Most of these areas are covered by local financial advisers. Romford residents can get estimates by clicking here.

Romford Financial Advice Services

Find a Financial Advisor in Romford Here
Financial Advice Enquiries in Romford Essex (01708)
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Financial Advisors Around Romford: In the last year financial advice was provided in these Romford streets: Dolphin Way, Crusader Close, Quarry Mews, Saladin Drive, Beacon Hill, Oakhill Road, London Road, Jurgens Road, Purfleet Bypass, Griffiths Road, North Road, Joslin Road, Tank Lane, Brimfield Road, Dolphin Way, Dolphin Point, Vellacott Close, Back Lane, Cornwall Gate, Halfway Court, Wood Avenue, London Road, Riverview Terrace, Coniston Avenue, London Road, Purfleet Deep Wharf, Fanns Rise, Ulverston, Mulberry Drive, London Road, New Tank Hill Road, Bridgland Road, and in these Essex postcodes: RM1 1XH, RM1 2AW, RM1 2AJ, RM1 2DH, RM1 2HJ, RM1 2NQ, RM1 1QX, RM1 2DT, RM1 1TJ, RM1 2BD. Folks residing in these local areas recently required the help of a financial advisor. Romford residents received reliable and top notch financial services.

Romford Financial Advisor Jobs: See financial advisor jobs in Romford by clicking here: Financial Advisor Jobs Romford

For local Romford info check here

Independent financial advisor in RM1 area, phone code 01708.

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(This financial advisor Romford article was successfully updated on 06-05-2022)