Financial Advisor Staines Surrey (TW18): Finding a decent financial advisor advisor in the Staines area can be a challenging experience, particularly if you're needing financial advice for the first time. However, all qualified financial advisors are bound by one common rule; they all have to stick to the regulations set by the Financial Conduct Authority, regardless of whether you're after investment, pension, mortgage or even insurance advice. The good thing about this is that if a financial advisor who is FCA authorised gives you poor quality advice, and things go awry, you've got guarantees, and are able to go to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get things put right.
Recommendations from friends and relatives can be a decent starting point in selecting a financial advisor in Staines, but keep in mind that their situation might be different to what you are looking for. Their advice needs to be tailored to your specific circumstances, and every financial advisor isn't suitable for everybody. To investigate the options they can provide and find a financial advisor you feel comfortable with and can trust, it is a good idea to speak to at least 3 different companies, because choosing a financial advisor is a big decision.
Independent financial advisors (IFA) and restricted advisors, are the 2 main types of financial advisor in Staines. Offering a more extensive range of options, an independent financial advisor won't be confined to the services or products of a single provider. Independent financial advice should be provided in an unbiased way and across the whole spectrum of financial companies and products. Consulting an independent financial advisor should allow you to choose from the widest possible range of services. If you use a restricted advisor you will find that they might be limited to products and services of one particular provider, or as in the case of a mortgage advisor, may only be focused on one solitary product.
Before any financial advisor takes you on as a client, they're required by the Financial Conduct Authority to tell you about their charges. Although it varies based upon the type of product or service you're interested in, there could be an hourly rate, a set fee, or you might even be charged a percentage of what you are investing. A free first consultation will sometimes be offered, so that you can discuss your goals and situation to find out if the advisor is the best fit. Your account could be looked after by a team as opposed to a single advisor, if you decide to go to one of the larger firms in Staines.
You will need to complete a "Fact Find" form, which is a confidential disclosure document relating your aims and financial situation to the advising company. A Key Facts Document, or Initial Disclosure Document will also be handed to you, to provide details of the financial advisors themselves, outlining their range of permissions in the financial arena and their situation for offering independent or restricted advice. This document will also set down your legal rights and the possible options you can take if you are not satisfied with the service, and would like to complain. It should be easy to understand, written in plain language, and explain precisely what you are committing yourself to, together with the benefits and risks of going along with the advice. The cooling-off period should also be explained in this Key Facts Document. This allows you to change your mind within a certain time period, and cancel your contract with the financial advisor.
The first time you are speaking to the financial advisor ensure that you check what experience and qualifications they have. After all you are just about to entrust your financial future to their skill, so you should not be embarrassed about asking such questions. A Level 4 qualification in financial advice is the minimum required certification for any Staines financial advisor, and they must also be in a position to present an annual Statement of Professional Standing. When you check the Financial Services Register, you should not freak out if your financial advisor's name doesn't show up on there; you should be able to find the firm name, and this means that the regulations covers all of their staff. The individual may still offer financial guidance instead of advice, if these cannot be provided. In terms of finance guidance is somewhat different to advice and is not regulated. Therefore there's no recourse for the client if mistakes occur.
You will be asked the level of risk you are willing to take on, if you are seeking advice on investments. Higher risk investments could potentially offer higher rewards, however some or all of your cash could be lost. In order to get the best investment and financial advice, your savings objectives will have to be carefully considered, i.e. how much money you want to invest, how rapidly you need access to your funds and short or long term investments. "How much money can you actually afford to lose?" Is the one vital question that you should really be asking yourself. This is generally known as your capacity for loss and could affect the products and services that may be offered for your consideration.
You should let your financial advisor know about your existing investments, mortgages, savings accounts or regular outgoings. To make certain that you receive the best advice for you, they need to have a full and clear picture of your financial circumstances. Spreading the risk across various different products through the diversification of your investments and savings, is something that reliable financial advice should allow for. A competent financial advisor in Staines will understand the best areas to consider, which match your financial situation and your goals.
A financial advisor will open up the complex world of finance, and try to communicate in the clearest possible way. This will permit you to compare services and products which meet your needs, and make an informed decision. If environmental issues are important to you, you could ask that ethical savings and investments take top priority. You can then stay away from corporations that corporations meet your criteria, but instead lend your support to those organisations and companies that address your concerns, for instance zero carbon or green energy.
It's not that easy to work closely with a financial advisor in Staines without this affecting work and other responsibilities. This can be alleviated by augmenting one-on-one meetings with telephone and video conferencing, therefore enabling you to seek the guidance you need at times that are convenient. Working from home and remote working is now so common, and a professional financial advice firm in Staines will have rigorous measures in place to ensure your details are kept confidential and secure, even if you rarely have a one-to-one meeting with your personal advisor.
Investments can go down as easily as they can go up, because the financial sector can be unpredictable. If your investment is not making as much money as you were hoping for, it can be incredibly worrying and frustrating. However, unless it's owing to wrong or misleading information from your advisor a downward trend in your investment is not seen as a basis for complaint.
As described in the Key Facts Document, any complaints should commence with the company's official complaints procedure. You can let the Financial Ombudsman know about the situation if it is unresolved within the timeframe stipulated by the regulating authority, and your advisor is a member of the FCA.
After independently reviewing the cause for complaint, the Financial Ombudsman will make a ruling on the issue. A decision will be made on how to financially compensate the customer, if the complaint is justified. Once the decision is accepted by the client it becomes a legally binding decision that the financial advisor and their firm, must abide by. The Financial Ombudsman will also consider any distress, upset, hassle and inconvenience caused to the customer during the dispute, and fix the level of compensation accordingly.
Financial advice can be provided in Staines and also in: Wraysbury, Brands Hill, Fordbridge, Harmondsworth, Colnbrook, Horton, Stanwell Moor, East Bedfont, Egham, Stanwell, Poyle, Ashford, Old Windsor, Lyne, Virginia Water, Datchet, Englefield Green, together with these postcodes TW18 1PD, TW18 1NQ, TW18 1AS, TW18 1NF, TW18 1JS, TW18 1PF, TW18 1RB, TW18 1DH, TW18 1QZ, TW18 1QX. Local Staines financial advisors will most likely have the telephone code 01784 and the postcode TW18.
Staines Financial Advice Services
There are a whole host of services that can be provided by your local Staines financial advisor including investment bonds, pension plans, business financial planning in Staines, investment advice, pension consolidation, pension drawdowns Staines, offshore investment advice, equity release advice in Staines, life insurance advice, annuity purchase, wealth management & investments, cashflow analysis, income protection, family income benefit in Staines, stakeholder pension advice, corporate bonds Staines, mutual funds, bridging finance in Staines, retirement plans in Staines, pension reviews Staines, cheap financial advice, life assurance in Staines, financial planning Staines, pension advice in Staines, unit trusts in Staines, and more.
Surrey Financial Advice Enquiries
Current Surrey financial advice enquiries: Callum Bowen from Merstham, Surrey recently enquired about pension advice. Mr and Mrs Mcfarlane from North Holmwood recently enquired about mortgage advice. Brianna Short from Oxshott recently asked for information on equity release. Stella O neill from Caterham on the Hill, Surrey recently enquired about family income benefit. Alara Grant and Franco Grant from Ewhurst recently asked for information on investment bonds. Angela Rutherford from Windlesham recently enquired about financial planning. Christina Needham and Matthias Needham from Banstead recently asked for information on equity release. Keira Carling from Horne recently asked for information on life assurance.
A Financial Advisor's Day to Day Tasks
- Financial advisors meet performance and sales targets.
- Financial advisors maintain a record of potential transactions and customers.
- Financial advisors work with colleagues to collect market information, trends and statistics.
- Financial advisors provide counselling, education and consultation regarding investments and finances.
- Financial advisors keep fully up to date with regulation changes and new financial products.
- Financial advisors collaborate with financial product providers.
- Financial advisors research financial products and explain them clearly and simply to their customers.
- Financial advisors produce comprehensive financial reports.
- Financial advisors update customers about their investments.
- Financial advisors talk with clients about their finances and plans.
Necessary Skills for Financial Advisors
- An excellent level of mathematical knowledge for developing financial strategies.
- Excellent skills in verbal communication.
- To be able to network and build relationships with clients.
- Excellent customer service skills for establishing client needs.
- An outstanding knowledge and understanding of accounting and economics with regard to financial products and markets.
- To pay attention to detail and be thorough.
- The ability to promote financial services and products.
- To have the ability to listen attentively
- To have excellent time management skills.
- To be confident in using a computer and the main software.
- Good management skills for the negotiation of product rates.
Financial Advisors Near Staines
Also: Englefield Green financial advisors, Wraysbury financial advisors, Harmondsworth financial advisors, Brands Hill financial advisors, Lyne financial advisors, Egham financial advisors, Fordbridge financial advisors, East Bedfont financial advisors, Ashford financial advisors, Virginia Water financial advisors, Colnbrook financial advisors, Stanwell financial advisors, Horton financial advisors, Old Windsor financial advisors, Datchet financial advisors, Poyle financial advisors, Stanwell Moor and more.
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Financial Advisors Around Staines: Households in Penton Road, St Pinnock Avenue, Commercial Road, Gresham Road, Bridge Street, Thames Street, Duncan Gardens, St Olave's Close, Penton Hall Drive, Green Park, Prospect Place, Pinewood Drive, High Street, Knightsbridge Crescent, Colnebridge Close, Riverside Close, Wraysbury Gardens, Elmsleigh Road, Annie Brookes Close, Chiltern Close, Island Close, Richmond Crescent, Jamnagar Close, Guildford Street, Park Avenue, have needed financial advice recently. Financial advisors have also been active in the following Staines area postcodes: TW18 1PD, TW18 1NQ, TW18 1AS, TW18 1NF, TW18 1JS, TW18 1PF, TW18 1RB, TW18 1DH, TW18 1QZ, TW18 1QX.
More Surrey Financial Advisors: More Esher, Caterham, Farnham, Addlestone, Epsom, Hersham, Camberley, Windlesham, Guildford, Sunbury-on-Thames, Ash, Cranleigh, Reigate, Horley, Weybridge, Ewell, Walton-on-Thames, Molesey, Dorking, Leatherhead, Staines, Chertsey, Banstead, Haslemere, Redhill, Woking and Godalming.:
Staines Information: Staines (or Staines-on-Thames) is a town located in the county of Surrey on the banks of the River Thames. It has been occupied since at least Roman times being an important crossing over the river for trade and communication. The Romans called it Ad Pontes or Pontes. Staines today has a population of around 18,000 and is a busy commuter town for those working in The City. The postcode for Staines is TW18 and the telephone dialling code for the area is 01784. Staines is situated about 4 miles from Ashford, 6 miles from Feltham, 15 miles from Guildford and 25 miles from central London. It is also very close to Heathrow Airport and Thorpe Park Resort. (Tags: Staines Surrey, Staines-on-Thames Surrey, Staines England)
Independent financial advisor in TW18 area, and dialling code 01784.
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