Financial Advisor Rustington West Sussex (BN16): If you are in search of financial advice for the first time, trying to find a good financial advisor advisor in Rustington can be a challenging experience. Whether you are searching for investments, pension, mortgage or even insurance guidance, all professional financial advisors are bound by one common rule; they all have to follow the regulations laid down by the FCA (Financial Conduct Authority). This comes with various guarantees, thus after getting advice from a FCA authorised financial advisor in Rustington, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman Scheme, if if things go awry.
A good starting point when picking a financial advisor in Rustington could be relatives and friends, but bear in mind that the type of advice you are searching for might be different to theirs. Any advice they offer needs to be adapted to your specific situation, and every financial advisor isn't suitable for everybody. It is a good idea to chat to at least three different companies when you are choosing a financial advisor, because this is a big decision, and you need to find one that you feel comfortable with and can trust, and at the same time check out the options they can provide.
Independent financial advisors and restricted advisors, are the two principal types of financial advisor in Rustington. The advantage of using an independent financial advisor is that they should not be restricted to the services or products of a single company, and can offer a wide range of options. Independent financial advice should be given in an impartial way and should cover the entire gamut of financial companies and products. Using an independent financial advisor should permit you to choose from the broadest possible array of products. A restricted advisor might be tied to services and products from a specific company, or might even focus on a single product, as can happen with a mortgage advisor.
Before taking you on as a client, any financial advisor must discuss their charges with you, as demanded by the Financial Conduct Authority. Although it can vary in accordance with the kind of service you are looking for, there could be a set fee, an hourly rate, or you might even be charged a proportion of the money you are investing. To discuss your aims and see if the advisor is a good fit for you and your situation, a free preliminary consultation might be offered. In some larger Rustington companies, you might find that your account is being handled by a team as opposed to an individual advisor.
Before any actual advice is handed out you'll need to complete a confidential disclosure form, called a "Fact Find" document, which tells the advising firm about your financial situation and goals. You will also be given an Initial Disclosure Document, or Key Facts Document, which gives you information regarding the financial advisor, their status to offer independent or restricted advice and their scope of permissions in the financial arena. If you aren't happy with the service, and wish to submit a complaint, this document will also lay down your rights and the possible options you can take. It must be typed out in plain English and outline what you're committing yourself to, and any potential risks and benefits should you decide to take the offered advice. The level of cooling-off period should also be explained in this Key Facts Document. Within a certain time frame, this permits you to cancel the contract.
When talking with the financial advisor for the first time you need to check their qualifications and experience. You should never be embarrassed about asking such questions, after all you're about to entrust your long-term financial wellbeing to their skill. Every financial advisor in Rustington must present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. When checking the Financial Services Register, you shouldn't panic 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 are not able to provide this evidence, the person can't offer advice but can offer financial guidance. In terms of finance guidance is different to advice and is not regulated. Therefore there's no recourse for either party if financial mistakes arise.
You'll be asked about the amount of risk you're willing and able to take on, if you are seeking advice on investments. High risk investments could potentially offer bigger rewards, but all or some of your capital could be lost. In order to get the best financial and investment advice, your savings aims must be carefully considered, i.e. how much you wish to invest, long or short term investments and how quickly you need to access your funds. You must always ask yourself the one crucial question, how much money can you actually afford to lose. This is referred to as your 'capacity for loss' and might influence the services and products that are offered to you.
You should let your financial advisor know about any current mortgage loans, investments, personal savings or regular outgoing payments. They'll need this information, so that they can get a picture of your financial circumstances and give the appropriate advice for you. Spreading the risk across various different products by diversifying your savings and investments, is something that sound financial advice should allow for. With a knowledge of the best areas to consider, a competent financial advisor will favour products that fit in with your financial circumstances and goals.
Your financial advisor will communicate in the clearest possible way, to reveal the complex world of finance. This will help you to compare services and products that meet your needs, and come to an informed decision. You could maybe ask your financial advisor to only choose ethical savings and investments. This allows you to lend support to organisations and companies that match your concerns, e.g. renewable energy or zero carbon, or perhaps avoiding companies that don't meet your criteria.
Establishing a close working relationship with a financial advisor in Rustington could cause issues with your work life and other responsibilities. To allow you to seek advice at a time to suit you, face-to-face meetings can be backed up with telephone calls and video conferencing. Even if you never have a one-on-one meeting with your advisor, an established financial advice provider in Rustington will have strict measures in force to keep your details secure and confidential, because remote and home working is now a large part of our society.
Investments can be a volatile area, and values could go down as easily as they go up. If your investment isn't making as much money as you were hoping for, it can be quite worrying and disheartening. However, unless it's because of misleading or wrong information from your advisor a downward spiral in your investment is not seen as a basis for complaint.
The company's complaints procedure should be the starting place for any disputes, and the Key Facts Document should explain this. If the issue is unresolved within the time-frame set by the regulating body, and the financial advisor is registered with the FCA, you can contact the Financial Ombudsman.
The Financial Ombudsman will independently review the cause for complaint and come to a decision. If it's found that the complaint is legitimate, a decision will be made on how the client can be compensated or the situation rectified. The advisor and their company must abide by any decision that's made, which becomes legally binding once the client has agreed to it. The Ombudsman will also take into consideration any annoyance, distress, trouble and inconvenience caused to the customer during the dispute, and fix the level of compensation proportionately.
Financial advice can be provided in Rustington and also in nearby places like: Wick, Toddington, Ferring, West Preston, Worthing, Arundel, Shoreham-by-Sea, Poling, Walberton, Angmering, East Preston, Ford, Middleton-on-Sea, Goring-by-Sea, Kingston, Climping, Littlehampton, as well as in these postcodes BN16 2RP, BN16 1AR, BN16 2QH, BN16 2AN, BN16 2LE, BN16 2HX, BN16 2BA, BN16 2LH, BN16 2AX, BN16 2AF. Locally based Rustington financial advisers will likely have the postcode BN16 and the telephone code 01903. Click on the "enquiry" form or banner to get specifics of financial advisors in your location.
West Sussex Financial Advice Enquiries
Recently posted West Sussex financial advice enquiries: Ryan and Francesca Ford from West Grinstead, West Sussex recently enquired about getting financial advice. Mr and Mrs George from Lavant, West Sussex recently enquired about financial planning. Mikael Cowell and Laura Cowell from Westergate recently enquired about financial planning. Julius Hoyle and Erika Hoyle from Rudgwick, West Sussex recently asked for information on life assurance. Una Kershaw and Kiaan Kershaw from Southbourne, West Sussex recently enquired about equity release. Mr and Mrs Darby from Slaugham recently asked for information on offshore investments. Tony Nesbitt and Ella-Louise Nesbitt from Findon, West Sussex recently enquired about financial planning. Giulia Webster and Ollie Webster from Aldingbourne, West Sussex recently enquired about investment advice.
Rustington Financial Advice Services
There is a variety of services which are provided by your local Rustington financial advisor including stakeholder pensions, investment bonds, tax planning Rustington, trusts Rustington, unit trusts, life insurances, pension transfer advice Rustington, mortgage advice Rustington, financial services, wealth management & investments in Rustington, long term care fee planning, cashflow analysis Rustington, equity release advice, trustee investment services in Rustington, pension advice Rustington, pension reviews Rustington, retirement planning, cheap financial advice Rustington, inheritance tax planning, family income benefit, corporate financial planning, pension consolidation advice, life assurance, ISA's, investment advice in Rustington, and lots more.
West Sussex Financial Advisors
In the West Sussex area you will also discover: Southwater investment advisors, Bolney financial advice, Lindfield financial advisors, Sidlesham financial advice, West Chiltington financial advice, Lindfield investment advisors, Stedham investment advisors, Ferring financial advice, Turners Hill financial advisors, Pagham investment advisors, Linchmere investment advisors, Mannings Heath financial advisors, Durrington investment advisors, Stedham financial advisors, Balcombe investment advisors, Horsted Keynes investment advisors, Milland financial advice, Handcross financial advisors, Northchapel financial advice, Rustington investment advice, Felpham investment advisors, Broadbridge Heath investment advisors, Crawley Down investment advisors, Donnington financial advice, Rusper investment advice, Fittleworth investment advisors, Southbourne investment advice, Aldingbourne financial advice, Lindfield financial advice, Eastergate investment advice.
Essential Skills for a Financial Advisor
- To be thorough and pay attention to detail.
- Good management skills for the negotiation of product prices.
- An excellent level of math knowledge for creating financial strategies.
- Effective customer service skills for establishing client needs and requirements.
- An excellent understanding and knowledge of accounting and economics associated with financial products and markets.
- To have the ability to listen attentively
- Excellent skills in verbal communication.
- The ability to sell financial products and services.
- To be organised and self-motivated.
- To be able to network and establish solid relationships with customers.
- To have good IT skills.
Daily Duties of a Financial Advisor
- A financial advisor continually updates clients concerning their investments.
- A financial advisor speaks to clients regarding their finances and plans.
- A financial advisor produces detailed financial reports.
- A financial advisor meets performance and sales targets.
- A financial advisor researches financial products and explains them simply and clearly to customers.
- A financial advisor works in collaboration with colleagues to collect trends, market information and statistics.
- A financial advisor keeps fully up to date with law changes and new products.
- A financial advisor makes deals with with financial product providers.
- A financial advisor provides counselling, education and consultation with regards to investments and finances.
- A financial advisor keeps a record of customers and transactions.
Financial Advisors Near Rustington
Also: West Preston financial advisors, Toddington financial advisors, Littlehampton financial advisors, Poling financial advisors, Middleton-on-Sea financial advisors, Ford financial advisors, Shoreham-by-Sea financial advisors, East Preston financial advisors, Worthing financial advisors, Walberton financial advisors, Ferring financial advisors, Arundel financial advisors, Goring-by-Sea financial advisors, Climping financial advisors, Angmering financial advisors, Kingston financial advisors, Wick and more.
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Financial Advisors Around Rustington: In Belmoral Close, Preston Avenue, Hardham Close, Broadmark Avenue, Green Bushes Close, Dinsdale Gardens, Summers Close, Foxes Close, Farm Way, Kirdford Close, The Bramblings, Cleeves Way, Wendy Ridge, Evelyn Avenue, Darlington Walk, Mill Close, Milton Close, Springfield Close, Winchester Road, Goodwood Close, Howards Way, Woodlands Close, Conbar Avenue, The Parkway, Rackham Road, Taylor Close, Chanctonbury Close, Cowdray Drive, Dawtrey Close, as well as the following Rustington area postcodes: BN16 2RP, BN16 1AR, BN16 2QH, BN16 2AN, BN16 2LE, BN16 2HX, BN16 2BA, BN16 2LH, BN16 2AX, BN16 2AF, people have just recently needed financial advice.
Financial Adviser Jobs Rustington: View financial advisor jobs near Rustington here: Financial Advisor Jobs Rustington
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More West Sussex Financial Advisors: More Bognor Regis, Shoreham-by-Sea, Crawley, Burgess Hill, East Grinstead, Haywards Heath, Lancing, Chichester, Hurstpierpoint, Southwick, Southwater, Horsham, Rustington, Littlehampton and Worthing.:
Independent financial advisor in BN16 area, 01903.
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