Financial Advisor Southsea Hampshire (PO4): Locating a decent independent financial advisor in the Southsea area can be a daunting experience, in particular if you are seeking financial advice for the very first time. Whether it is pensions, mortgage, investments or even insurance advice that you are after, there's one common rule for all professional financial advisors; they must all abide by FCA (Financial Conduct Authority) regulations. Any advice given from a FCA certified financial advisor in Southsea comes with certain guarantees that should anything go wrong, you can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
When selecting a financial advisor in Southsea, a good place to begin could be friends and family, however you must remember that your situation may not be in line with theirs, and you may need a different type of advice. Their advice needs to be adapted to your unique circumstances, and not every financial advisor is suitable for everyone. It pays to speak to at least 3 different companies when you're choosing a financial advisor, because this is an important decision, and you'll be looking to find one that you feel comfortable with and can trust, and at the same time investigate the various options they offer.
There are 2 principal types of financial advisor in Southsea; restricted advisors and independent financial advisors. An IFA will not be confined to the services or products of a single company. Independent financial advice must be provided in an impartial way and should cover the full gamut of financial products and companies. If you elect to use an independent financial advisor, you'll be able to pick from the widest possible array of services, in order to find the right solution for your needs. A restricted advisor could be involved with an individual product, such as a mortgage advisor, or be restricted to services and products from a specific company.
Before accepting you as a client, any Southsea financial advisor must be fully transparent with you about their charges, as required by the FCA. Based on the services you're interested in, you could be charged a set fee, by the hour or maybe even a proportion of your investment. To discuss your aims and determine whether the advisor is the correct fit for your situation, a free preliminary consultation could be offered. Your account might be looked after by a team rather than one individual advisor, if you opt to go with one of the larger Southsea firms.
Before any actual financial advice is given you'll have to fill in a confidential disclosure document, called a "Fact Find" form, which tells the advising firm about your aims and financial situation. An Initial Disclosure, or Key Facts Document will also be handed to you, to provide details of the financial advisors themselves, explaining their range of permissions in the financial market and their status to offer restricted or independent advice. Your own rights should also be set out in this document, in addition to your options if you want to complain because you are not satisfied with the service you're given. It has to be typed out in plain language and describe what you're committing yourself to, and any potential risks and benefits should you opt to take the advice offered. The cooling-off period should also be fully explained in this Key Facts Document. Within a certain number of days, this permits you to cancel your contract.
The very first time you are talking with your financial advisor ensure that you check what qualifications and experience they've got. After all you are on the verge of entrusting your financial future to their expertise, so you should never be self-conscious about asking these questions. All Southsea financial advisors must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. You should not worry if your specific financial advisor's name doesn't appear on the Financial Services Register, so long as the firm is listed on the register, their advisors will be covered by the regulations. If these can't be provided the person may still offer financial guidance rather than advice. Guidance differs to advice as it is not regulated in the same way, and if mistakes are made there will probably be no recourse to either party.
If you're looking for advice on investments you'll be asked the level of risk you are willing to take on. Higher risk investments may potentially offer substantial rewards, but some or all of your funds could be lost. In order to get the very best financial and investment advice, your savings goals will need to be taken into account, i.e. long or short term investments, how much cash you want to invest and how quickly you need access to your funds. You must invariably ask yourself the one important question, how much can you really afford to lose. This is referred to as your capacity for loss and may affect the services and products that may be offered for your consideration.
Right from the start, it's vital that you tell your financial advisor about any existing regular outgoing payments, investments, mortgage loans or savings accounts that you have. To make certain that you get the most appropriate advice for you, they need to gather a clear and full picture of your finances. The diversification of your investments and savings by spreading the risk load across a number of different products, is a crucial part of reliable financial advice. In order to mirror your financial circumstances and goals, a competent financial advisor in Southsea will be aware of the best products to consider.
Your financial advisor will communicate in as plain a speech as possible, to unmask the complex world of finance. After comparing the products and services which meet your needs, you should be able to come to an informed and calculated decision. You could even ask your financial advisor to only include ethical investment and savings schemes. You will then be able to steer clear of corporations that businesses meet your criteria, but instead support those businesses and companies that match your concerns, for example renewable energy or zero carbon.
It's not that easy to have a close working relationship with a financial advisor in Southsea without this affecting work and other responsibilities. Face-to-face meetings can be complemented with phone calls and video conferencing to enable you to get advice at a time to suit you. A professional financial advice firm in Southsea will have stringent measures in place to ensure your details are kept secure and confidential, even if you hardly ever have an in-person meeting with your personal advisor, because home and remote working is no longer unusual.
You have to understand that the financial world is a volatile sector, and investment values could just as easily drop as well as rise. If your investment fails to make the amount of money you hoped for, it can be very demoralising and stressful. A downward trend in your investment is not a recognised cause for complaint, unless your financial advisor has given you wrong or misleading information.
Any grievances should start out with the firm's complaints procedure as outlined in the Key Facts Document. If your financial advisor is registered with the Financial Conduct Authority, you can tell the Financial Ombudsman about the issue if it is unresolved within the period stipulated by the regulating body.
The Financial Ombudsman will make a ruling after reviewing the cause of the complaint independently. If the complaint is justified, a decision is made on how to rectify the situation or financially compensate the customer. The advisor and their firm must abide by any ruling that's made by the Ombudsman, which becomes a legally binding decision once the client has agreed to it. Any inconvenience, upset, hassle and distress caused to the customer during the process, will be considered when the Financial Ombudsman establishes the level of compensation.
Financial advice can be provided in Southsea and also nearby in: Widley, Portsea, Hardway, Bedhampton, Fratton, Copnor, Drayton, Wymering, Eastney, Buckland, Gosport, Alverstoke, Farlington, Gunwharf Quays, Portsmouth, Hilsea, Cosham, together with these postcodes PO4 9EA, PO4 0JW, PO5 1PT, PO4 0LG, PO5 1QL, PO4 0YL, PO5 1QD, PO4 0JE, PO5 1NY, PO5 1SF. Locally based Southsea financial advisors will most likely have the telephone code 023 and the postcode PO4. Simply click the "enquiry" form or banner to get info on financial advisors in your area.
Skills and Knowledge Needed by Financial Advisors
- To be good at promoting financial products and services.
- To be organised and self-motivated.
- Excellent verbal communication skills.
- An outstanding understanding and knowledge of accounting and economics associated with financial products and markets.
- To have excellent IT skills.
- Effective management skills for negotiating product rates.
- To be thorough and pay attention to detail.
- Effective skills in customer service for identifying customer needs and requirements.
- To have the ability to network and establish relationships with clients.
- To have the ability to listen attentively
- A competent level of math knowledge for developing financial packages.
Hampshire Financial Advice Enquiries
Recent Hampshire financial advice enquiries: John Johnston and Fatima Johnston from Marchwood, Hampshire recently asked for information on life assurance. Faris and Angel Prentice from Twyford recently asked for information on mortgages. Julius Steadman from Gosport recently enquired about investment advice. Heath Frame and Eleanor Frame from Liss, Hampshire recently enquired about family income benefit. Beatrice and Jimmy Prior from Milford on Sea, Hampshire recently asked for information on financial planning. Mr and Mrs Hobbs from South Wonston, Hampshire recently asked for information on life assurance. Mr and Mrs Bassett from West End recently asked for information on life assurance. Zaynab Dolan from Whitchurch recently enquired about investment advice.
Southsea Financial Advice Services
There are a wide range of services which are provided by your local Southsea financial advisor including pension advice, pension transfer advice, family income benefit in Southsea, retirement planning, inheritance tax planning Southsea, business planning, stakeholder pensions, pension reviews Southsea, life assurance, cheap financial advice, portfolio management in Southsea, income protection advice, trusts, ethical investment advice, cash flow modelling in Southsea, tax financial planning Southsea, corporate bonds Southsea, wealth management & investments Southsea, long term care fee advice, pension drawdowns, annuities, investment bonds, will writing services, bridging finance, general financial planning, and lots more.
Financial Advisors Near Southsea
Also: Portsmouth financial advisors, Wymering financial advisors, Drayton financial advisors, Bedhampton financial advisors, Widley financial advisors, Copnor financial advisors, Fratton financial advisors, Eastney financial advisors, Portsea financial advisors, Farlington financial advisors, Gunwharf Quays financial advisors, Hardway financial advisors, Gosport financial advisors, Alverstoke financial advisors, Hilsea financial advisors, Cosham financial advisors, Buckland and more.
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Financial Advisors Around Southsea: In the past 12 months financial advice was provided in these Southsea streets: Spencer Road, Chapel Street, Chewter Close, Dorrita Close, Trevis Road, Schooner Way, The Lane, Chestnut Avenue, Craneswater Park, Curlew Path, Albert Grove, Claydon Avenue, Bertie Road, Castle Close, Brasted Court, Bush Street East, Clarence Road, Cambrian Terrace, Bruce Road, Talbot Road, Albany Road, St Edwards Road, Shelford Road, The Thicket, Craneswater Gate, Avenue De Caen, Solent Heights, Alhambra Road, St Catherine Street, Allens Road, and in these Hampshire postcodes: PO4 9EA, PO4 0JW, PO5 1PT, PO4 0LG, PO5 1QL, PO4 0YL, PO5 1QD, PO4 0JE, PO5 1NY, PO5 1SF.
To find local info on Southsea, Hampshire go here
More Hampshire Financial Advisors: More Eastleigh, Waterlooville, Hythe, Winchester, Havant, Yateley, Farnborough, Emsworth, Aldershot, Fareham, Stubbington, Southsea, Totton, Alton, Gosport, Andover, Hedge End, Fleet, New Milton, Horndean, Portsmouth, Basingstoke and Southampton.:
Independent financial advisor in PO4 area, phone code 023.
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