Financial Advisor Saltash Cornwall (PL12): Finding a first-rate independent financial advisor in the Saltash area can be a challenging experience, especially if you're seeking financial advice for the first time. Whether you are looking for mortgage, investment, pensions or even insurance advice, all professional financial advisors are bound by one common rule; they must all follow the regulations set by the Financial Conduct Authority (FCA). Any advice given by a FCA authorised financial advisor in Saltash comes with certain guarantees that if anything should go wrong, you have access to the Financial Services Compensation Scheme or the Financial Ombudsman.
When choosing a financial advisor in Saltash, a good starting point could be relatives and friends, however you must keep in mind that your situation may not be in line with theirs, and you might need a different kind of advice. Not every financial advisor is suitable for everybody, and their advice needs to be tailored to your particular circumstances. It is wise to chat to at least three different firms when you're selecting a financial advisor, because this is a big decision, and you need to find one that you feel comfortable with and can trust, and also investigate the options they can provide.
Restricted advisors and independent financial advisors (IFA), are the two principal kinds of financial advisor in Saltash. The good thing about using an independent financial advisor is that they won't be limited to a single provider's services and products, and can offer a wider range of options. Covering the entire gamut of financial products and companies, independent financial advice must be given in an impartial and unbiased way to clients. This will allow you to choose from the broadest range of services to suit your needs. If you go to a restricted advisor you will soon realise that they might be limited to products and services of a specific firm, or as in the case of a mortgage advisor, will only be focused on one individual product.
Before any financial advisor takes you on as a client, they're required by the Financial Conduct Authority to be transparent about their charges. Determined by the type of product you are interested in, you could be charged a set fee, by the hour or perhaps even a specific percentage of your investment. To allow you to discuss your goals and determine whether the advisor is the proper choice for your circumstances, a free preliminary consultation could be offered. In some of the bigger Saltash firms, you may find that your account is being managed by a team as opposed to an individual advisor.
To describe your financial situation and aims to the advising firm, you'll be required to fill out a "Fact Find" document, which is a confidential disclosure form. A Key Facts Document, or Initial Disclosure Document will also be handed to you, to provide information on the financial advisors themselves, outlining their scope of permissions in the financial arena and their status to offer independent or restricted advice. If you are not happy with the service provided, and wish to make a complaint, this document will also lay out your legal rights and your options. It should describe what you're committing yourself to, and any possible benefits and risks if you opt to accept the advice offered, and it has to be set down in plain English. You'll find the level of cooling-off period in the Key Facts Document. This enables you to cancel your agreement within a specific time period, and whenever any penalty charges are incurred.
When speaking to the financial advisor for the first time you should check their experience and qualifications. You needn't be self-conscious about asking these questions, after all you're just about to entrust your financial wellbeing to their skill. A Level 4 qualification in financial advice is the minimum required qualification for any Saltash financial advisor, and they must also be able to present an annual Statement of Professional Standing. Don't stress if your advisor's name does not appear on the Financial Services Register, so long as the firm is on the register, their staff are covered by the legislation. If they are not able to provide these accreditations, the person cannot offer advice but only financial guidance. Guidance is not regulated in the way that financial advice is, meaning that if errors arise neither party will have any recourse.
If you're looking for advice on investments you'll be asked about the amount of risk you're willing to take. Many investments carry some degree of risk, but high risk investments could potentially offer substantial rewards, and also more chance of losing some or all of your funds. Your savings objectives must be carefully considered if decent investment advice is to be given, i.e. how much capital you want to invest, how rapidly you need access to your funds and long or short term investments. The one question that you should ask yourself, which is usually neglected, is how much money you can afford to lose. Generally referred to as your capacity for loss, this will most likely have an effect on services and products that you're offered.
Right from the start, it is crucial that you tell your financial advisor about any regular payments, investments, savings accounts or mortgage loans that you have. This will give a clear and full picture of your current financial situation, and without this the advice you're given might not be the most suitable for you. Diversifying your investments and savings by spreading the risk load across various different products, is a crucial part of reliable financial advice. Having a knowledge of the best areas to consider, a qualified financial advisor will favour products that most closely match your goals and financial situation.
A financial advisor will open up the multifaceted world of finance, and try to speak in as much plain speech as possible. This will permit you to compare services and products that match your needs, and make an informed decision. If environmental issues are important to you, you could even ask that ethical investment and savings schemes take top priority. You can then keep away from businesses that firms meet your criteria, but instead lend your support to those organisations and companies that address your concerns, for example renewable energy or zero carbon.
It is not always easy to work closely with a financial advisor in Saltash without this impacting your work and other commitments. To enable you to seek advice at times that suit you, face-to-face appointments can be backed up with phone calls and video conferencing. A competent financial advice firm in Saltash will have strict measures in place to ensure your details are kept confidential and secure, even if you never have an in-person meeting with your advisor, because home and remote working is no longer unusual.
Investments can be a volatile area, and their values can go down as well as up. If it just so happens that your investment isn't making the amount of money you hoped for, it can be a very frustrating and stressful time. Regrettably, a downward trend in your investment isn't a recognised grounds for complaint, unless it's because of misleading or wrong information from your financial advisor.
Any grievances should start with the firm's official complaints procedure as indicated in the Key Facts Document. If the matter remains unresolved within the time schedule set out by the regulating authority, and your financial advisor is registered with the FCA, you can inform the Financial Ombudsman.
The Financial Ombudsman will independently review the cause for complaint and make a ruling. If the complaint is justified, a decision will be made on how to financially compensate the customer. This will become a legally binding decision once it has been agreed on by the client, and the advisor and their company must abide by the decision. Any compensation laid down by the Ombudsman will also take into consideration any inconvenience, upset, distress and hassle caused to the client during the dispute.
Financial advice can be provided in Saltash and also in nearby places like: Forder, Trematon, Moditonham, Botusfleming, Lower Burraton, St Mellion, Torpoint, Carkeel, Pillmere, Latchbrook, Pillaton, South Pill, Hatt, Trehan, Plymouth, St Stephens, Burraton Combe, together with these postcodes PL12 4DA, PL12 4RE, PL12 4AF, PL12 4LL, PL12 4SL, PL12 4RF, PL12 4DZ, PL12 4HS, PL12 4NU, PL12 4HQ. Locally based Saltash financial advisors will likely have the postcode PL12 and the phone code 01752.
Everyday Tasks for a Financial Advisor
- Regularly updating clients regarding their investments.
- Collaborating with providers of financial products.
- Keeping abreast of legislation changes and new products.
- Recommending the best-suited financial products to clients.
- Talking to customers about their finances and plans.
- Maintaining detailed records of transactions and clients.
- Producing financial reports.
- Providing counselling, education and consultation with regards to investments and finances.
- Meeting sales and performance targets.
- Working with colleagues to collect market information, trends and statistics.
Cornwall Financial Advice Enquiries
The latest Cornwall financial advice enquiries: Kacey Procter and Dominic Procter from North Hill recently enquired about offshore investments. Courtney Hope from St Just, Cornwall recently enquired about getting financial advice. Rosalind Worthington from Gorran Haven, Cornwall recently asked for information on life assurance. Kornelia Prescott and Jaden Prescott from Kelly Bray, Cornwall recently enquired about equity release. Georgiana and Simon Tomlinson from St Eval recently asked for information on investment bonds. Vlad Olivier and Mya Olivier from Mabe Burnthouse recently enquired about life assurance. Khadija Smart from St Agnes recently enquired about investment bonds. Mr and Mrs Saunders from Bude recently asked for information on offshore investments.
Saltash Financial Advice Services
There is a wide range of services that are provided by your local Saltash financial advisor including cashflow analysis, financial planning, annuity purchases, long term care fee planning Saltash, unit trusts in Saltash, corporate financial planning in Saltash, family income benefit, general financial planning, pension reviews, equity release in Saltash, trusts, pension drawdowns Saltash, portfolio management Saltash, offshore investments, stakeholder pensions Saltash, pension consolidation advice, bridging finance in Saltash, will writing services, investment advice, wealth management & investments, independent financial advice Saltash, retirement planning, investment bonds in Saltash, annuities, income protection, and lots more.
Cornwall Financial Advisors
Around Cornwall you'll also discover: Luxulyan financial advice, St Merryn financial advice, Bugle financial advisors, Porthleven investment advisors, Delabole financial advice, Carn Brea financial advisors, Probus investment advice, Grampound investment advice, Mullion financial advice, Polperro investment advice, Illogan financial advisors, Tregony financial advisors, Lanner investment advisors, Kea financial advice, Hayle investment advisors, Quintrell Downs financial advisors, Dobwalls financial advisors, St Issey investment advice, Threemilestone financial advice, Hayle investment advice, South Tehidy investment advisors, Maker investment advice, St Buryan financial advisors, Playing Place financial advisors, Praze an Beeble investment advice, Calstock investment advisors, Goldsithney investment advice, Nanpean investment advice, Gwithian financial advisors, St Endellion investment advisors.
Financial Advisors Near Saltash
Also: Burraton Combe financial advisors, South Pill financial advisors, Pillaton financial advisors, Pillmere financial advisors, Moditonham financial advisors, Carkeel financial advisors, Trematon financial advisors, Hatt financial advisors, Trehan financial advisors, Latchbrook financial advisors, St Stephens financial advisors, Torpoint financial advisors, Plymouth financial advisors, St Mellion financial advisors, Lower Burraton financial advisors, Botusfleming financial advisors, Forder and more.
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Financial Advisors Around Saltash: In Elmside Coombe, Grenfell Gardens, Cedar Court, Trebrown Gate, Vincent Way, Singmoor, Lower Penquite, Pollards Way, Polmarkyn Farm, Penquite Farm, Kilna House, Long Acre, Essa Road, Deacon Close, Warfelton Terrace, Old Ferry Road, Brunel View, Warfelton Gardens, Spencer Gardens, Kilna Quay, Saltash Parkway Industrial Estate, Holcroft Close, Babis Farm Row, Rodney Cottages, Church Road, Ball Park, Brooks Hill, Lockyer Terrace, Lantallack Farm, Tremorvah, St. Annes Road, as well as these Saltash area postcodes: PL12 4DA, PL12 4RE, PL12 4AF, PL12 4LL, PL12 4SL, PL12 4RF, PL12 4DZ, PL12 4HS, PL12 4NU, PL12 4HQ, people have just recently needed financial and investment advice.
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Independent financial advisor in PL12 area, telephone code 01752.
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