Financial Advisor Shoreham-by-Sea

Shoreham-by-Sea Independent Financial Advice & Investment

Financial Advisor Shoreham-by-Sea West Sussex (BN43): It can be a daunting experience trying to find a decent financial advisor advisor in the Shoreham-by-Sea area, particularly if it is the very first time that you're needing financial advice. Nevertheless, all professional financial advisors have one thing in common; they all have to follow the regulations laid down by the Financial Conduct Authority (FCA), whether you are after investments, pension, mortgage or even insurance advice. This comes with various guarantees, so after taking advice from a FCA registered financial advisor in Shoreham-by-Sea, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman Scheme, if something should go wrong.

Free Shoreham-by-Sea Financial Advisor Quotes

Recommendations from family and friends can be a decent starting place in picking a financial advisor in Shoreham-by-Sea, but keep in mind that their circumstances may be different to what you're looking for. Every financial advisor isn't suitable for everybody, and their advice should be adapted to your specific situation. To explore the options they are offering and find a financial advisor you feel comfortable with and can trust, it pays to speak to at least 3 different companies, because after all choosing a financial advisor is a big decision.

Financial Advisor Shoreham-by-Sea West Sussex (BN43)

When you are looking to pick a financial advisor in Shoreham-by-Sea, there are basically 2 principal types; independent financial advisors and restricted advisors. An independent financial advisor will not be confined to the services and products of a single provider. Covering the entire spectrum of financial companies and products, independent financial advice should be given in an unbiased and impartial way to clients. Consulting an IFA should enable you to select from the widest possible range of services. A restricted advisor could be tied to products and services from a single company, or might even focus on a particular product, as in the case of a mortgage advisor.

The Financial Conduct Authority demands that any financial advisor in Shoreham-by-Sea must fully discuss their charges with you, before taking you on as a client. Although it can vary contingent on the kind of service you're interested in, there may be an hourly rate, a set fee, or you may even be charged a percentage of what you are investing. To discuss your aims and see if the advisor is suitable for you and your situation, a free initial consultation could be offered. In some larger Shoreham-by-Sea firms, you could find that your account is being looked after by a team as opposed to an individual advisor.

Financial Advisors Shoreham-by-Sea UK (01273)

To summarise your aims and financial situation to the advising firm, you'll have to fill in a "Fact Find" form, which is a confidential disclosure document. A Key Facts or Initial Disclosure Document will also be handed to you, to provide information about the financial advisors themselves, detailing their scope of permissions in the financial market and their status to offer independent or restricted advice. If you aren't satisfied with the service, and wish to complain, this document should also lay down your own legal rights and the possible options you can take. It has to be typed out in plain language and detail what you are committing yourself to, and any potential benefits and risks if you elect to go along with the advice offered. You will find the level of cooling-off period in the Key Facts Document. Within a specific time frame, this enables you to cancel the agreement with your financial advisor.

You'll want to check the qualifications and experience of your financial advisor the first time you speak with them. Asking these questions should not be a cause for embarrassment, because after all you're about to entrust them with your long-term financial wellbeing. All Shoreham-by-Sea financial advisors must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. You should not panic if your specific advisor's name doesn't show up on the Financial Services Register, so long as the firm is listed on the register, their staff will be covered by the regulations. The individual may still offer financial guidance as opposed to advice, if these cannot be presented. Guidance differs to advice as it is not regulated in the same way, and if mistakes occur there will likely be no recourse to either party.

Financial Advisor Quotes in Shoreham-by-Sea West Sussex

If it's investments that you're interested in, your advisor will need to know the level of risk you are willing and able to take on with your hard-earned money. Higher risk investments may offer larger rewards, but all or some of your funds could be lost. Good quality investment and financial advice will take you savings objectives into consideration, i.e. how rapidly you need access to your money, how much money you want to invest and short or long term investments. One question you should ask of yourself, which is usually ignored, is how much money you can really afford to lose. This is generally known as your 'capacity for loss' and may well affect the products and services that could be offered to you.

Financial Advice Near Shoreham-by-Sea West Sussex

You need to let your financial advisor know about any current mortgage loans, regular outgoing payments, investments or personal savings. They'll need to know this, so they can get a picture of your financial circumstances and give the correct advice for you. Good financial advice should include diversifying your investments and savings by spreading the risk across a number of different products. A competent financial advisor in Shoreham-by-Sea will understand the best products to consider, which reflect your financial situation and your goals.

A financial advisor will lay bare the multifaceted world of finance, and try to speak in the clearest possible way. This will allow you to compare services and products that meet your needs, and make an informed decision. If you're environmentally minded, you could even ask your advisor to stick to ethical investments and savings. You will then be able to avoid businesses that companies meet your standards, and instead lend your support to those enterprises and companies that match your concerns, for example renewable energy or zero carbon.

It's not that easy to work closely with a financial advisor in Shoreham-by-Sea without this impacting your work life and other responsibilities. Face-to-face meetings can be supplemented with phone calls and video conferencing to enable you to seek advice at times that suit you. A professional financial advice company in Shoreham-by-Sea will have stringent measures in place to ensure your details are kept secure and confidential, even if you never have a one-to-one meeting with your personal advisor, because home and remote working is no longer unusual.


You need to keep in mind that the financial sector can be an unpredictable one, and investment values could just as easily go down as well as up. If it happens that your investment fails to make the amount of money you hoped for, it can be a frustrating and stressful time. However, except if it's owing to wrong or misleading information from your financial advisor, a downward trend in your investment is not a recognised cause for complaint.

Independent Financial Advisor Near Shoreham-by-Sea (BN43)

Any disputes should commence with the firm's official complaints procedure as described in the Key Facts Document. If the financial advisor is registered with the FCA, you can let the Financial Ombudsman know about the matter if it remains unresolved within the timeframe set out by the regulating body.

The Financial Ombudsman will make a ruling after independently reviewing the cause for complaint. If it is found that the complaint is justifiable, a decision will be made on how the customer can be compensated or the situation rectified. Once agreed on by the customer, the ruling will become legally binding, and the advisor and their company must abide by it. The Financial Ombudsman will also take into account any distress, trouble, upset and inconvenience caused to the client during the process, and fix the level of compensation accordingly.

Book a Financial Advisor in Shoreham-by-Sea UK

Financial advice can be provided in Shoreham-by-Sea and also nearby in: Washington, Wiston, Portslade, Fulking, Southwick, Ashington, Broadwater, Storrington, Upper Beeding, Woodmancote, Fishergate, Worthing, Goring, Lancing, Findon, Small Dole, Hove, Coombes, Sompting, and in these postcodes BN43 5NQ, BN43 5JE, BN43 5GP, BN43 5LG, BN43 5NA, BN43 5BX, BN43 5AJ, BN43 5GY, BN43 5PS, BN43 5PJ. Locally based Shoreham-by-Sea financial advisers will most likely have the postcode BN43 and the telephone dialling code 01273. Checking this should confirm that you're accessing local financial advisers. Shoreham-by-Sea householders are able to benefit from these and many other similar services. Simply click the "enquiry" form or banner to get info on financial advisors in your area.

Pension Planning

A secure retirement is achieved through the vital process of pension planning. Engaging a financial advisor's services can significantly enhance this process. A customised pension plan will be designed by a knowledgeable advisor after assessing your current financial circumstances and understanding your retirement objectives. Navigated by them are the intricacies of the UK's pension choices, which encompass the state pension, workplace pensions, and self-invested personal pensions. Making informed decisions about tax implications, investment choices and contributions can be achieved by leveraging their expertise. To create a solid pension plan, providing peace of mind and financial stability for your future, working with a financial advisor in Shoreham-by-Sea is essential.

The State Pension is the cornerstone of UK pension planning, since it provides a standard level of retirement income that is backed by the government. Your eligibility for the State Pension will typically depend on how many National Insurance contributions you have made over your working life. The importance of understanding the intricacies of the State Pension scheme has increased, due to changes to the number of qualifying years and the State Pension age. (42316)

Skills Needed to be a Financial Advisor

  • To be good at promoting services and products.
  • To have a goal driven mindset.
  • Active listening and interpersonal skills.
  • A thorough knowledge of accounting and economics relating to financial products and markets.
  • To pay attention to detail and be thorough.
  • To be able to network and build solid relationships with customers.
  • To have excellent IT skills.
  • An excellent level of maths knowledge for building financial strategies.
  • Excellent customer service skills for determining customer requirements and needs.
  • Effective management skills for negotiating product rates.
  • Good skills in verbal communication.

Shoreham-by-Sea Financial Advice Services

Financial Advice Tasks Shoreham-by-Sea

There is a wide range of services which can be provided by your local Shoreham-by-Sea financial advisor including pension drawdowns in Shoreham-by-Sea, investing an inheritance, independent financial advice, income protection in Shoreham-by-Sea, pension transfers Shoreham-by-Sea, mutual funds in Shoreham-by-Sea, annuities, wealth management Shoreham-by-Sea, trustee investment services, stakeholder pension advice, pension planning, bereavement benefits, offshore investment advice, financial planning Shoreham-by-Sea, pension consolidation, divorce financial planning in Shoreham-by-Sea, trusts, cash flow modelling, pension reviews, cheap financial advice, personal protection, business protection Shoreham-by-Sea, personal financial planning in Shoreham-by-Sea, financial advice services, investment advice, ISA's Shoreham-by-Sea, ethical investments, savings advice, unit trusts in Shoreham-by-Sea, pensions in divorce, and more. Listed are just an example of the duties that can be performed by a financial advisor. Shoreham-by-Sea professionals will tell you about their whole range of financial services.

The Day to Day Tasks of a Financial Advisor

  • Thrashing out advantageous deals with with providers of financial products.
  • Keeping abreast of law changes and new products.
  • Recommending the financial products that are best-suited to customers.
  • Talking with customers regarding their finances and plans.
  • Producing financial reports.
  • Providing education, consultation and counselling regarding investments and finances.
  • Working in conjuction with associates to obtain market information, trends and statistics.
  • Meeting targets for performance and sales.
  • Maintaining detailed records of potential customers and transactions.
  • Frequently updating clients regarding their investments.

Financial Advisors Near Shoreham-by-Sea

Also find: Findon financial advisors, Broadwater financial advisors, Goring financial advisors, Small Dole financial advisors, Wiston financial advisors, Coombes financial advisors, Fishergate financial advisors, Upper Beeding financial advisors, Fulking financial advisors, Woodmancote financial advisors and more. Most of these villages and towns are catered for by financial advisors. Property owners in these localities can make enquiries about financial advice by clicking here.

Shoreham-by-Sea Financial Advice Services

Find a Financial Advisor in Shoreham-by-Sea Here
Financial Advice Enquiries in Shoreham-by-Sea West Sussex (01273)
  • Shoreham-by-Sea Financial Advice Quotes
  • Shoreham-by-Sea Cashflow Analysis
  • Shoreham-by-Sea Mortgage Advice
  • Shoreham-by-Sea Pension Advice
  • Shoreham-by-Sea Estate Planning
  • Shoreham-by-Sea Investment Advice
  • Shoreham-by-Sea Tax Advice
  • Shoreham-by-Sea Cheap Financial Advice
  • Shoreham-by-Sea Inheritance Advice
  • Shoreham-by-Sea Life Insurance Advice
  • Shoreham-by-Sea Independent Financial Advice
  • Shoreham-by-Sea Corporate Financial Planning
  • Shoreham-by-Sea Retirement Planning
  • Shoreham-by-Sea Trustee Investments

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For the best local Shoreham-by-Sea information look here

Independent financial advisor in BN43 area, and dialling code 01273.

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(This financial advisor Shoreham-by-Sea article was checked and updated on 20-02-2024)