Financial Advisor St Neots Cambridgeshire (PE19): It can be a daunting experience trying to find a reliable financial advisor advisor in St Neots, particularly if it's the very first time that you're in search of financial advice. Whether you're looking for mortgage, investments, pensions or even insurance advice, all financial advisors have one thing in common; they must all follow the regulations laid down by the FCA (Financial Conduct Authority). This comes with some guarantees, therefore after taking advice from a FCA approved financial advisor in St Neots, you can seek recompense from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if if things go awry.
Recommendations from relatives and friends can be a decent starting place in choosing a financial advisor in St Neots, but remember that their situation may be different to what you're looking for. Every financial advisor is not suitable for everybody, and their advice should be adapted to your unique circumstances. It pays to speak to at least three different companies when you're selecting a financial advisor, because this is an important decision, and you'll be looking to find one that you can trust and feel comfortable with, and also explore the various options they can provide.
When it comes to picking a financial advisor in St Neots, there are two main types; independent financial advisors (IFA) and restricted advisors. An IFA should not be limited to the services and products of just one provider. Independent financial advice must be offered in an honest and impartial way and across the whole spectrum of financial products and companies. If you opt to use an independent financial advisor, you'll be able to pick from the widest possible range of products, in order to find the right solution for you. If you go to a restricted advisor you'll soon realise that they could be restricted to services and products of one particular provider, or as in the case of a mortgage advisor, might only be focused on one solitary product.
The FCA demands that any St Neots financial advisor must fully discuss their charges with you, before taking you on as a client. Dependant upon the product you are looking for, you could be charged a set fee, by the hour or maybe even a percentage of your investment. You may be offered the chance of a free first consultation to enable you to discuss your aims and determine whether the advisor is a right fit for you and your circumstances. In some larger St Neots firms, you might find that your account is being looked after by a team as opposed to an individual advisor.
You'll need to complete a "Fact Find" form, which is a confidential disclosure document relating your financial situation and aims to the advising company. You'll also be given a Key Facts Document, or Initial Disclosure Document, which provides details of the financial advisor, their status to offer independent or restricted advice and their range of permissions in the financial arena. This document should also lay out your rights and the options you can take if you are not satisfied with the service provided, and would like to make a complaint. It must be typed out in plain language and describe what you are committing yourself to, and any possible benefits and risks should you choose to take the advice offered. The allowed cooling-off period should also be fully explained in this document. This allows you to change your mind within a specific time frame, and cancel your contract with the financial advisor.
When speaking to your financial advisor initially make sure you check their experience and qualifications. After all you're about to entrust your long-term financial wellbeing to their expertise, so you should never be self-conscious about asking such questions. A Level 4 qualification in financial advice is the minimum required certification for any financial advisor in St Neots, and they must also be in a position to show an annual Statement of Professional Standing. You don't need to panic if your particular financial advisor's name doesn't show up on the Financial Services Register, as long as the firm is on the register, their personnel are covered by the legislation. The individual may still offer financial guidance instead of advice, if these cannot be presented. Guidance is somewhat different to advice as it is not regulated in the same way, and if mistakes are made there will likely be no recourse to the client.
You will be asked about the level of risk you are willing to take, if you are seeking advice on investments. Bigger rewards may be possible with higher risk investments, however you stand a greater chance of losing all or some of your cash. Decent investment and financial advice should take into account your savings aims, i.e. how much you wish to invest, how quickly you need to access your funds and long or short term investments. The one question that you should ask yourself, which is normally neglected, is how much money you can really afford to lose. This may well affect the products and services that could be offered for your consideration, and is called your capacity for loss.
If you already have any existing regular payments, personal savings, mortgage loans or investments, you have to let your financial advisor know about these. They'll need to know this, so they can get a picture of your financial circumstances and give the correct advice for your needs. The diversification of your savings and investments by spreading the risk load across different products, is an essential part of reliable financial advice. Having an understanding of the best areas to consider, a seasoned financial advisor will favour products that most closely match your goals and financial situation.
A financial advisor will lay bare the complex world of finance, and communicate in the clearest possible way. You should be in a position to come to an informed decision when you have compared the various services and products that meet your needs. If environmental issues are at the forefront of your mind, you could ask that ethical investment and savings schemes take top priority. You can then keep clear of companies that corporations meet your standards, but instead support those firms and businesses that address your concerns, for example green energy or zero carbon.
It isn't that easy to work closely with a financial advisor in St Neots without this impacting on your work life and other responsibilities. To enable you to get advice at a time to suit you, face-to-face appointments can be supplemented with telephone calls and video conferencing. Even if you hardly ever have an in-person meeting with your advisor, an established financial advice firm in St Neots will have rigorous measures in place to ensure your details are kept confidential and secure, because remote and home working is now so common.
Investment values can go down as well as up, and this is a factor that you need to keep in mind. If it happens that your investment isn't making as much money as you were hoping for, it can be a demoralising and worrying time. However, unless it's owing to incorrect or misleading information from your advisor a downward trend in your investment isn't a recognised basis for complaint.
As outlined in the Key Facts Document, any grievances should commence with the company's complaints procedure. You can let the Financial Ombudsman know about the situation if it remains unresolved within the timeframe set by the regulating body, and your financial advisor is a member of the Financial Conduct Authority.
After independently reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. A decision will be made on how to financially compensate the client, if the complaint is justified. The financial advisor and their firm must comply with any ruling that is made, which becomes legally binding as soon as the client has accepted it. Any compensation laid down by the Financial Ombudsman will also take into consideration any hassle, upset, inconvenience and distress caused to the client during the process.
Financial advice can be provided in St Neots and also nearby in: Thurleigh, Southoe, Abbotsley, Wyboston, Great Staughton, Tempsford, Roxton, Perry, Papworth Everard, Great Paxton, Offord D'Arcy, Eynesbury, Kimbolton, Buckden, Graveley, Little Paxton, Great Gransden, together with these postcodes PE19 1TQ, PE19 1AT, PE19 1DA, PE19 1AE, PE19 1LJ, PE19 1QS, PE19 2LA, PE19 1RB, PE19 1BN, PE19 1HP. Locally based St Neots financial advisers will most likely have the telephone dialling code 01480 and the postcode PE19.
The Day to Day Duties of a Financial Advisor
- A financial advisor keeps abreast of new financial products and legislation changes.
- A financial advisor updates clients about their investments.
- A financial advisor works together with associates to obtain trends, statistics and market information.
- A financial advisor chats with clients regarding their plans and finances.
- A financial advisor provides counselling, consultation and education with regards to investments and finances.
- A financial advisor produces detailed financial reports.
- A financial advisor collaborates with providers of financial products.
- A financial advisor researches financial products and explains them simply and clearly to customers.
- A financial advisor keeps detailed records of transactions and clients.
- A financial advisor meets sales and performance targets.
St Neots Financial Advice Services
There is a range of services that are provided by your local St Neots financial advisor including financial services in St Neots, life insurances St Neots, unit trusts in St Neots, cheap financial advice, will writing services, corporate financial planning St Neots, trustee investment services in St Neots, income protection in St Neots, cashflow analysis, offshore investment advice St Neots, trusts St Neots, investment planning, personal financial planning St Neots, bridging finance, life assurance St Neots, annuities, mutual funds, pension planning St Neots, retirement planning, ethical investment advice in St Neots, corporate bonds, pension consolidation advice St Neots, pension transfer advice in St Neots, ISA's, cash flow modelling, and more.
Financial Advisors Near St Neots
Also: Papworth Everard financial advisors, Buckden financial advisors, Abbotsley financial advisors, Great Gransden financial advisors, Offord D'Arcy financial advisors, Kimbolton financial advisors, Graveley financial advisors, Perry financial advisors, Tempsford financial advisors, Great Staughton financial advisors, Wyboston financial advisors, Great Paxton financial advisors, Thurleigh financial advisors, Eynesbury financial advisors, Roxton financial advisors, Southoe financial advisors, Little Paxton and more.
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Financial Advisors Around St Neots: Financial advice has recently been given in these St Neots roads and areas - Sambar Close, Raven Close, Honeydon Avenue, Burwell Road, Montagu Street, Merlin Close, Priory Road, Ford Close, Linton Close, Bishops Road, Priory Hill, Little End Road, Sunnybank, Cemetery Road, The Hives, Swift Close, Duchess Close, Washbank Road, Gazelle Close, Woodlands, School Lane, Navigation Wharf, Nightingale Way, Capulet Close, Shortsands Yard, Chaucer Place, as well as the following local St Neots postcodes: PE19 1TQ, PE19 1AT, PE19 1DA, PE19 1AE, PE19 1LJ, PE19 1QS, PE19 2LA, PE19 1RB, PE19 1BN, PE19 1HP.
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Financial Adviser Jobs St Neots: View financial adviser jobs in St Neots here: General Financial Advisor Jobs
Independent financial advisor in PE19 area, (dialling code 01480).
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