Financial Advisor Stockton-on-Tees County Durham (TS19): It can be an intimidating experience trying to find a decent financial advisor advisor in Stockton-on-Tees, in particular if it's the first time that you are seeking financial advice. Whether you are looking for mortgage, investments, pensions or even insurance guidance, all professional financial advisors are bound by one common rule; they must all follow the regulations laid down by the Financial Conduct Authority. This comes with certain guarantees, so after taking advice from a FCA registered financial advisor in Stockton-on-Tees, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman, if anything goes awry.
When picking a financial advisor in Stockton-on-Tees, a good place to begin could be friends and relations, but you must bear in mind that your situation may not be the same as theirs, and you may be in need of a different type of advice. Financial advice should be specifically tailored to your unique circumstances, and you'll discover that certain financial advisors may not be suitable for your requirements. Picking the right financial advisor is important and it is wise to talk with at least 3 different companies in order to explore the various options they provide, and to find one that you feel comfortable with and can trust.
There are 2 principal types of financial advisor in Stockton-on-Tees; independent financial advisors (IFA) and restricted advisors. Offering a more diverse range of options, an independent financial advisor should not be limited to a single provider's services or products. Independent financial advice should cover the full gamut of financial products and companies, and must be offered in an impartial way. If you opt to use an IFA, you will be able to pick from the widest possible array of services, so as to find the right solution for your needs. If you go to a restricted advisor you will find that they may be limited to products and services of a particular firm, or as in the case of a mortgage advisor, might only be concerned with one solitary product.
Before accepting you as a client, any Stockton-on-Tees financial advisor must tell you about their charges, as set out by the FCA. You may be charged by the hour, a set fee or maybe even a percentage of your investment value, based upon kind of services you are looking for. To discuss your goals and determine whether the advisor is the proper choice for your situation, a free initial consultation might be offered. Your account might be managed by a team rather than one individual advisor, if you choose to go to one of the bigger firms in Stockton-on-Tees.
Before any actual financial advice is handed out you will be required to fill out a confidential disclosure document, called a "Fact Find" form, which informs the advising firm about your desired goals and financial situation. To provide information on the financial advisor, their situation for offering independent or restricted advice and the extent of their permissions in the financial arena, you will also be handed an Initial Disclosure Document, or Key Facts Document. This document will also make clear your own rights and your options if you're not satisfied with the service provided, and want to complain. It should be typed out in plain English and describe what you are signing up for, and any possible risks and benefits that exist should you decide to accept the advice offered. The cooling-off period should also be explained in this Key Facts Document. Within a specific period of time, this enables you to cancel your agreement.
Ensure that you check the experience and qualifications of the financial advisor the first time you talk to them. You should not be embarrassed about asking such questions, after all you are on the verge of entrusting your financial wellbeing to their skill. A Level 4 qualification in financial advice is the minimum qualification for any financial advisor in Stockton-on-Tees, and they must also be able to show an annual Statement of Professional Standing. When checking the Financial Services Register, you shouldn't panic if your particular financial advisor's name doesn't appear on there; you will probably find the firm name, and this means that the legislation covers all of their advisors. The individual may still offer financial guidance instead of advice, if these can't be presented. Guidance is not subject to regulations in the way that financial advice is, which means that if errors occur the client won't have any recourse.
If you are looking for advice on investments you will be asked the level of risk you are willing to take. High risk investments could potentially offer better rewards, however some or all of your cash could be lost. Your savings aims must be considered if good investment advice is to be given, i.e. how much money you want to invest, long or short term investments and how quickly you need to access your funds. You must always ask yourself the one crucial question, how much money can you truly afford to lose. This could affect the services and products that could be offered for your consideration, and is known as your 'capacity for loss'.
If you've already got any existing savings accounts, mortgage loans, investments or regular outgoings, you must tell your financial advisor about these. They will need this information, so that they can get a clear picture of your financial circumstances and give the appropriate advice for you. Good quality financial advice should allow for diversifying your investments and savings by spreading the risk load across various different products. So as to reflect your goals and financial circumstances, a competent financial advisor in Stockton-on-Tees will understand the best products to consider.
A financial advisor will reveal the multifaceted world of finance, and communicate in as plain a speech as possible. This will enable you to compare products and services that meet your needs, and make an informed decision. If the environment is at the forefront of your mind, you could ask that ethical investment and savings schemes take top priority. This allows you to give your support to companies and businesses that address your concerns, e.g. green energy or zero carbon, or perhaps staying away from investments that do not meet your requirements.
It isn't always easy to have a close working relationship with a financial advisor in Stockton-on-Tees without this impacting your work and other obligations. This can be reduced by supplementing one-on-one meetings with telephone calls and video conferencing, hence allowing you to seek the guidance you need at times that are convenient. Remote and home working is now so common, and a competent financial advice company in Stockton-on-Tees will have stringent measures in place to keep your details secure and confidential, even if you rarely have a one-on-one meeting with your personal advisor.
Investments can be a volatile area, and their values can go down as easily as they go up. It can be extremely disheartening and stressful if your investment fails to make as much money as you were hoping for. However, except if it's owing to misleading or wrong information from your advisor a downward trend in your investment isn't seen as a grounds for complaint.
As laid out in the Key Facts Document, any complaints should start out with the company's complaints procedure. You can let the Financial Ombudsman know about the issue if it is unresolved within the time schedule set by the regulating authority, and your advisor is registered with the FCA.
After reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If the complaint is upheld, a decision will be made on how to financially compensate the client. Once agreed on by the customer, the ruling becomes a legally binding one, and the financial advisor and their firm must abide by it. Any compensation as set out by the Financial Ombudsman will also account for any upset, distress, trouble and inconvenience caused to the client during the dispute.
Financial advice can be provided in Stockton-on-Tees and also in: Little Stainton, Wolviston, Fairfield, Eaglescliffe, Bishopton, Roseworth, Newton Bewley, Whinney Hill, Normanby, Redmarshall, Norton, Middlesbrough, Ingleby Barwick, Billingham, and in these postcodes TS16 0JP, TS16 0HT, TS16 0NF, TS16 0BP, TS15 9DF, TS16 0DQ, TS16 0HH, TS16 0GB, DL2 1NL, TS15 0YZ. Local Stockton-on-Tees financial advisors will probably have the postcode TS19 and the dialling code 01642.
Stockton-on-Tees Financial Advice Services
There are a whole host of services which are provided by your local Stockton-on-Tees financial advisor including cash flow modelling in Stockton-on-Tees, portfolio management Stockton-on-Tees, corporate financial planning, annuities, ISA's, long term care fee planning in Stockton-on-Tees, trustee investment services in Stockton-on-Tees, financial services Stockton-on-Tees, life insurances, pension plans, annuity purchase Stockton-on-Tees, inheritance tax planning, divorce planning Stockton-on-Tees, life assurance advice Stockton-on-Tees, will writing services, investment planning in Stockton-on-Tees, investment plans, income protection, wealth management & investments, ethical investment advice, pension drawdowns, stakeholder pension advice, pension reviews in Stockton-on-Tees, general financial planning Stockton-on-Tees, cashflow analysis, and lots more.
Financial Advisors County Durham
In the County Durham area you can likewise get: Monk Hesleden financial advice, Kelloe investment advisors, Fishburn financial advisors, Hunwick financial advice, Egglescliffe investment advice, Tow Law financial advice, Middleton in Teesdale financial advisors, Croxdale investment advice, Waldridge financial advice, Softley financial advice, Cornforth financial advice, Evenwood investment advice, Cockfield financial advice, Monk Hesleden investment advice, Pelton investment advice, Stillington investment advice, Healeyfield financial advice, Headland investment advice, Shincliffe financial advisors, Crook investment advice, Framwellgate Moor investment advisors, Belmont financial advisors, Egglescliffe financial advice, Shildon financial advisors, Bearpark investment advisors, Ushaw Moor financial advice, Wolsingham financial advisors, Medomsley investment advisors.
A Financial Advisor's Daily Tasks
- Producing financial reports.
- Making deals with with financial product providers.
- Updating customers concerning their investments.
- Keeping up to date with legislation changes and new products.
- Researching financial products and explaining them clearly and simply to clients.
- Providing education, counselling and consultation regarding finances and investments.
- Meeting performance and sales targets.
- Working in collaboration with associates to obtain market information, trends and statistics.
- Keeping a record of potential customers and transactions.
- Talking with customers about their plans and finances.
County Durham Financial Advice Enquiries
Latest County Durham financial advice enquiries: Nicole Ashman and Ibrahim Ashman from Headland, County Durham recently enquired about financial planning. Cole and Cerys Daly from Castleside recently enquired about investment bonds. Mr and Mrs Stuart from Stillington recently enquired about financial planning. Taylor Tanner from Softley recently enquired about getting financial advice. Bianca Bear from Shadforth, County Durham recently asked for information on financial planning. Imani and Dawood Hopwood from Shincliffe, County Durham recently asked for information on mortgages. Raymond and Monica Oconnor from Stanhope recently asked for information on pensions. Melissa and Victor Rodger from Thornaby recently asked for information on life assurance.
Financial Advisors Near Stockton-on-Tees
Also: Bishopton financial advisors, Newton Bewley financial advisors, Middlesbrough financial advisors, Wolviston financial advisors, Roseworth financial advisors, Whinney Hill financial advisors, Little Stainton financial advisors, Redmarshall financial advisors, Fairfield financial advisors, Eaglescliffe financial advisors, Norton financial advisors, Ingleby Barwick financial advisors, Normanby financial advisors, Billingham and more.
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For local information about Stockton-on-Tees, County Durham go here
Independent financial advisor in TS19 area, 01642.
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