Financial Advisor Stalybridge Greater Manchester (SK15): If you're seeking financial advice for the first time, trying to locate a decent independent financial advisor in Stalybridge can be an intimidating experience. Whether it's mortgage, investments, pension or even insurance guidance that you are after, there is one common rule for all qualified financial advisors; they all have to follow Financial Conduct Authority regulations. This comes with various guarantees, thus after taking advice from a FCA authorised financial advisor in Stalybridge, you can seek recompense from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if something should go wrong.
Recommendations from friends and neighbours can be a decent starting point in picking a financial advisor in Stalybridge, but bear in mind that their situation might be different to what you're looking for. Every financial advisor isn't suitable for everyone, and their advice needs to be adapted to your specific situation. To check out the options that they can provide and find a financial advisor that you feel comfortable with and can trust, it pays to talk to at least three different firms, because after all selecting a financial advisor is a big decision.
Independent financial advisors (IFA) and restricted advisors, are the two principal kinds of financial advisor in Stalybridge. The advantage of using an independent financial advisor is that they will not be restricted to just one provider's products and services, and can offer a more extensive range of options. Encompassing the whole gamut of financial companies and products, independent financial advice must be offered in an unbiased and impartial way to clients. If you decide to use an independent financial advisor, you'll be able to select from the widest possible range of services, in order to find the right solution for your needs. If you go to a restricted advisor you'll discover that they could be limited to products and services of a specific provider, or as in the case of a mortgage advisor, might only be involved with one individual product.
Before any Stalybridge 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 in accordance with the type of product or service you're looking for, there could be a set fee, an hourly rate, or you might even be charged a proportion of what you are investing. To discuss your goals and find out if the advisor is a right fit for you and your circumstances, a free initial consultation could be offered. Your account may be managed by a team as opposed to one individual advisor, if you elect to go with one of the larger firms in Stalybridge.
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 targets and financial situation. A Key Facts or Initial Disclosure Document will also be handed to you, to provide information on the financial advisors themselves, explaining their scope of permissions in the financial market and their status to offer restricted or independent advice. Your own legal rights will also be set out in this document, along with your options if you need to submit a complaint because you're not happy with the service you are given. It must be written in plain English and outline what you are signing up for, and any possible risks and benefits that exist if you choose to go along with the advice offered. The Key Facts Document will also tell you about the level of cooling-off period. Within a certain number of days, this enables you to cancel the contract.
Ensure that you check the experience and qualifications of the financial advisor when you first speak with them. After all you're about to entrust your financial future to their expertise, so you should not be embarrassed about asking these questions. All financial advisors in Stalybridge must as a minimum hold a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. You shouldn't panic if your particular advisor's name doesn't appear on the Financial Services Register, providing the company is on the register, their personnel will be covered by the legislation. If they're unable to provide this evidence, the individual can't offer advice but is able to offer financial guidance. Guidance is not subject to regulations in the same way as financial advice, meaning that if errors occur neither party will have any recourse.
If it is investing money that you are interested in, the advisor will need to know the level of risk you are ready to accept with your hard-earned money. Larger rewards may be possible with high risk investments, but you stand a greater chance of losing some or all of your money. In order to get the most effective investment and financial advice, your savings aims will need to be taken into account, i.e. short or long term investments, how quickly you need access to your funds and how much you wish to invest. "How much money can you truly afford to lose?" Is the one vital question that you really need to ask yourself. Sometimes referred to as your capacity for loss, this will most likely affect the services and products that you're offered.
You will have to tell your financial advisor about your existing savings accounts, investments, mortgages or regular outgoings. This gives a clear and full picture of your current financial circumstances, and without this the advice given may not be the most appropriate for you. Smart financial advice should allow for diversifying your investments and savings by spreading the risk across various products. A seasoned financial advisor in Stalybridge will have the knowledge of the best products to consider, which mirror your financial situation and your goals.
A financial advisor will unveil the complex world of finance, and converse in the clearest possible way. You should be able to make an informed and educated decision after you have learned about the various products and services which match your needs. If environmental issues are important to you, you could even ask that ethical savings and investments take precedence. You can then steer clear of corporations that firms meet your criteria, but instead support those firms and businesses that match your concerns, for example renewable energy or zero carbon.
Establishing a close working relationship with your financial advisor in Stalybridge could cause problems with your work day and other obligations. Face-to-face appointments can be augmented with video conferencing and telephone to enable you to seek advice at a time to suit you. Even if you rarely have a one-to-one meeting with your personal advisor, an experienced financial advice provider in Stalybridge will have stringent measures in force to ensure your details are kept secure and confidential, because home and remote working is now so common.
Investments can go down as easily as they can go up, since the financial sector can be volatile. It can be very demoralising and stressful if your investment isn't making as much money as you hoped for. A downward spiraling of your investment is not seen as a cause for complaint, unless your financial advisor has given you misleading or wrong information.
As described in the Key Facts Document, any grievances should begin with the firm's official complaints procedure. If the financial advisor is a member of the Financial Conduct Authority, you can let the Financial Ombudsman know about the issue if it remains unresolved within the time period laid down by the regulating body.
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 client. The financial advisor and their firm must comply with any ruling that is made by the Ombudsman, which becomes a legally binding decision once the customer has accepted it. The Financial Ombudsman will also take into consideration any annoyance, inconvenience, hassle and distress caused to the client during the situation, and fix the level of compensation accordingly.
Financial advice can be provided in Stalybridge and also in: Ashton Under Lyne, Manchester, Copley, Mottram in Longdendale, Mossley, Heyrod, Sun Green, Buckton Vale, Matley, Park Bridge, Carrbrook, Millbrook, Ridge Hill, Hollingworth, together with these postcodes SK15 1JZ, SK15 1PH, SK15 1DL, SK15 1LR, SK15 1LW, SK15 1BP, SK15 1BU, SK15 1PD, SK15 1AP, SK15 1JU. Local Stalybridge financial advisers will probably have the postcode SK15 and the phone code 0161. Simply click the "enquiry" banner or form to get info on financial advisors in your area.
Stalybridge Financial Advice Services
There is a wide range of services that can be provided by your local Stalybridge financial advisor including ethical investment advice, investment planning, pension advice, annuity purchases Stalybridge, stakeholder pension advice, ISA's in Stalybridge, investment planning Stalybridge, equity release advice, family income benefit, wealth management & investments, life insurance advice, trustee investment services, investment planning in Stalybridge, trusts Stalybridge, pension reviews in Stalybridge, inheritance tax planning in Stalybridge, life assurance advice in Stalybridge, long term care fee advice in Stalybridge, corporate financial planning, will writing services, financial analyst services in Stalybridge, personal financial planning, mutual funds in Stalybridge, pension transfer advice, bridging finance Stalybridge, and more.
A Financial Advisor's Everyday Tasks
- Financial advisors meet targets for sales and performance.
- Financial advisors maintain a record of potential customers and transactions.
- Financial advisors keep fully abreast of new financial products and law changes.
- Financial advisors continually update clients about their investments.
- Financial advisors research financial products and explain them simply and clearly to their clients.
- Financial advisors work in conjuction with associates to collect market information, statistics and trends.
- Financial advisors speak with customers about their plans and finances.
- Financial advisors produce financial reports.
- Financial advisors make advantageous deals with with providers of financial products.
- Financial advisors provide education, counselling and consultation regarding investments and finances.
Required Skills for a Financial Advisor
- To have attentive listening and interpersonal skills.
- Excellent business management skills for negotiating product prices.
- An excellent understanding and knowledge of economics and accounting associated with financial markets and products.
- Excellent verbal communication skills.
- An excellent level of math knowledge for creating financial plans.
- To be able to network and establish solid relationships with clients.
- To be good at promoting financial services and products.
- To be thorough and pay attention to detail.
- Excellent customer service skills for determining customer needs.
- To be organised and self-motivated.
- To be confident in using a computer and the primary software.
Financial Advisors Near Stalybridge
Also: Millbrook financial advisors, Sun Green financial advisors, Mottram in Longdendale financial advisors, Ashton Under Lyne financial advisors, Manchester financial advisors, Heyrod financial advisors, Mossley financial advisors, Ridge Hill financial advisors, Buckton Vale financial advisors, Park Bridge financial advisors, Copley financial advisors, Carrbrook financial advisors, Matley financial advisors, Hollingworth and more.
- Stalybridge Wealth Management
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Financial Advisors Around Stalybridge: Some Stalybridge areas and roads where financial advice has recently been given - Chamberlain Road, Cliff Dale, Swallow Close, Buckley Street, Albion Gardens, School Lane, Staley Close, Delamere Close, Tame Close, Cheetham Hill Road, Staley Hall Road, Shakespeare Avenue, Station View, Crowswood Drive, Broadbent Close, Bond Street, Castle Hall View, Castle Hall Close, Brushes, Acresbrook, Balmoral Drive, Croft Bank, Stoneyfield, Broadacre, Ashes Lane, Cocker Hill, Brushes Road, School Crescent, as well as these Stalybridge area postcodes: SK15 1JZ, SK15 1PH, SK15 1DL, SK15 1LR, SK15 1LW, SK15 1BP, SK15 1BU, SK15 1PD, SK15 1AP, SK15 1JU.
More Greater Manchester Financial Advisors: More Bury, Bolton, Irlham, Eccles, Middleton, Farnworth, Salford, Stockport, Stalybridge, Radcliffe, Rochdale, Golborne, Swinton, Altrincham, Gatley, Dukinfield, Chadderton, Walkden, Ashton-under-Lyne, Atherton, Ashton-in-Makerfield, Whitefield, Heywood, Droylsden, Manchester, Leigh, Stretford, Denton, Royton, Westhoughton, Hindley, Cheadle Hulme, Oldham, Hyde, Wigan, Sale, Romiley, Horwich and Urmston.:
Stalybridge Financial Advisor Jobs: Browse financial adviser jobs in Stalybridge by clicking here: Stalybridge Financial Advisor Jobs
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Independent financial advisor in SK15 area, (dialling code 0161).
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