Financial Advisor Stone Staffordshire (ST15): If you're seeking financial advice for the very first time, trying to locate a good financial advisor advisor in the Stone area can be an intimidating experience. Whether you're looking for mortgage, pension, investment or even insurance advice, all qualified financial advisors are bound by one simple rule; they all have to adhere to the regulations set by the Financial Conduct Authority. The advantage of this is that if a financial advisor who is FCA approved gives you bad advice, and things go awry, you've got guarantees, and are able to get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to get things put right.
A good starting place in choosing a financial advisor in Stone can be friends and neighbours, but keep in mind that the type of advice you are looking for could be different to theirs. Every financial advisor is not suitable for everybody, and their advice needs to be adapted to your specific situation. It pays to talk to at least three different companies when you are considering a financial advisor, as this is an important decision, and you need to find one that you feel comfortable with and can trust, and also explore the options they can provide.
Independent financial advisors and restricted advisors, are the two principal types of financial advisor in Stone. The advantage of using an independent financial advisor is that they will not be restricted to just one provider's products or services, and can offer a wider range of options. Independent financial advice should be given in a frank and unbiased way and should cover the entire spectrum of financial products and companies. If you decide to use an IFA, you will be able to pick from the widest possible array of products, so as to find the ideal solution for your needs. If you go to a restricted financial advisor you will soon realise that they could be limited to products and services of one particular firm, or as in the case of a mortgage advisor, may only be concerned with one product.
Before any financial advisor in Stone accepts you as a client, they're required by the FCA to be transparent about their charges. You could be charged by the hour, a set fee or perhaps even a percentage of your investment value, dependant upon kind of services you're looking for. You may be offered the chance of a free initial consultation to enable you to discuss your objectives and determine whether the advisor is a right fit for you and your situation. In some of the larger Stone firms, you might find that your account is being looked after by a team as opposed to an individual.
To describe your financial situation and targets to the advising firm, you will need to fill in a "Fact Find" document, which is a confidential disclosure form. You'll also be given an Initial Disclosure Document, or Key Facts Document, which provides you with details about the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial sector. This document should also make clear your own rights and the options you can take if you're not satisfied with the service, and need to complain. It should describe precisely what you're committing yourself to, and any potential risks and benefits that exist if you choose to accept the advice offered, and it must be written in plain English. You can find the level of cooling-off period in the Key Facts Document. Within a specific period of time, this makes it possible for you to cancel the contract with your financial advisor.
When chatting with your financial advisor for the first time you'll want to check their qualifications and experience. Asking these questions should not be a cause for embarrassment, because you're about to entrust them with your long-term financial wellbeing. A Level 4 qualification in financial advice is the minimum required certification for any financial advisor in Stone, and they must also be able to present an annual Statement of Professional Standing. If the advisor's name does not show up on the Financial Services Register, you should not stress, the company the person works for will almost certainly be on the register and their advisors are all covered by the legislation. The person can still offer financial guidance instead of advice, if these cannot be presented. Guidance is not regulated in the same way as financial advice, which means that if errors arise neither party will have any recourse.
You'll be asked the level of risk you're prepared to accept, if you are seeking advice on investments. High risk investments may potentially offer better rewards, however all or some of your funds could be lost. Your savings objectives should be considered if decent investment and financial advice is to be given, i.e. how rapidly you need access to your funds, how much money you want to invest and long or short term investments. You should invariably ask yourself the one crucial question, how much can you actually afford to lose. This is generally known as your 'capacity for loss' and may well affect the services and products that may be offered for your consideration.
From the outset, it is important to tell your financial advisor about any investments, savings, mortgages or regular outgoing payments that you currently have. To make certain that you receive the most appropriate advice for you, they need to gather a full and clear picture of your finances. Spreading the risk across various products by diversifying your investments and savings, is something that good quality financial advice should allow for. With an understanding of the best areas to consider, an experienced financial advisor will focus attention on products that most closely match your goals and financial situation.
A financial advisor will unmask the complex world of finance, and try to converse in as plain a speech as possible. After comparing the services and products which match your needs, you should be in a position to make an informed and considered decision. If environmental issues are at the forefront of your mind, you could ask that ethical investments and savings take top priority. This will allow you to lend support to companies and businesses that address your concerns, e.g. zero carbon or renewable energy, or perhaps avoiding investments that don't meet your criteria.
It isn't always easy to work closely with a financial advisor in Stone without this impacting on work and other responsibilities. This can be reduced by augmenting face-to-face appointments with video conferencing and phone calls, therefore enabling you to seek the guidance you need at times that are convenient. Working from home and remote working is now commonplace, and a competent financial advice firm in Stone will have rigorous measures in force to keep your details secure and confidential, even if you hardly ever have a face-to-face meeting with your personal advisor.
You have to bear in mind that the financial sector can be unpredictable, and investment values can just as easily go down as well as up. If it happens that your investment fails to make the amount of money you were hoping for, it can be a worrying and disheartening time. Regrettably, a downward trend in your investment isn't seen as a cause for complaint, unless it's owing to incorrect or misleading information from your advisor.
Any grievances should start with the firm's official complaints procedure as laid out in the Key Facts Document. If the financial advisor is a member of the Financial Conduct Authority, you can tell the Financial Ombudsman about the matter if it remains unresolved within the time-frame set out by the regulating body.
The Financial Ombudsman will come to a decision after reviewing the cause of the complaint independently. If the complaint is justified, a decision will be made on how to financially compensate the client. On acceptance by the customer, the ruling will become legally binding, and the financial advisor and their firm must comply with it. Any trouble, inconvenience, upset and distress caused to the client during the situation, will be taken into account when the Financial Ombudsman fixes the level of compensation.
Financial advice can be provided in Stone and also in nearby places like: Fulford, Hilderstone, Cold Meece, Eccleshall, Rough Close, Stonefield, Swynnerton, Moddershall, Sandon, Tittensor, Milwich, Cotes Heath, Weston, Walton, Little Stoke, Cresswell, Great Bridgeford, Barlaston, as well as in these postcodes ST15 0LE, ST15 0EE, ST15 0FP, ST15 0XJ, ST15 0GB, ST15 0FA, ST15 0UH, ST15 0AB, ST15 0ZT, ST15 0JR. Local Stone financial advisers will most likely have the dialling code 01785 and the postcode ST15.
Stone Financial Advice Services
There is a wide range of services that can be provided by your local Stone financial advisor including portfolio management, independent financial advice in Stone, mortgage financial planning in Stone, general financial planning, will writing services, personal financial planning, inheritance tax planning in Stone, annuity purchase, investment advice, offshore investment advice in Stone, trustee investment services, bridging finance, trusts, pension reviews, corporate bonds, family income benefit, investment advice Stone, business planning, investment bonds in Stone, cashflow analysis, equity release, pension plans, stakeholder pension advice, pension planning in Stone, corporate financial planning in Stone, and lots more.
Skills and Knowledge Necessary for a Financial Advisor
- Good skills in verbal communication.
- The ability to promote products and services.
- A solid knowledge and understanding of economics and accounting with regard to financial products and markets.
- To be able to network and establish solid relationships with customers.
- Effective management skills for the negotiation of product prices.
- Excellent skills in customer service for identifying customer needs and requirements.
- To pay attention to detail and be thorough.
- To have attentive interpersonal and listening skills.
- An outstanding level of math knowledge for producing financial packages.
- To have excellent time management skills.
- To have good IT skills.
Financial Advisors Staffordshire
Around Staffordshire you will also discover: Armitage financial advisors, Hammerwich financial advisors, Stretton investment advice, Armitage financial advice, Essington investment advisors, Colwich financial advisors, Wigginton financial advice, Wheaton Aston financial advisors, Handsacre investment advice, Winshill financial advice, Brocton financial advice, Bignall End financial advisors, Codsall investment advisors, Biddulph Moor investment advisors, Featherstone financial advisors, Brocton investment advice, Codsall financial advice, Wimblebury investment advice, Brown Edge financial advisors, Swindon investment advisors, Leigh investment advisors, Acton Trussell financial advisors, Fradley investment advice, Silverdale financial advice, Biddulph financial advisors, Great Wyrley investment advice, Shenstone investment advisors, Anglesey investment advisors, Cheddleton financial advice, Burton investment advisors.
Daily Tasks for a Financial Advisor
- Financial advisors provide education, consultation and counselling regarding investments and finances.
- Financial advisors keep fully up to date with law changes and new financial products.
- Financial advisors research financial products and explain them simply and clearly to their clients.
- Financial advisors talk with customers about their plans and finances.
- Financial advisors produce financial reports.
- Financial advisors make deals with with financial product providers.
- Financial advisors work together with associates to obtain trends, market information and statistics.
- Financial advisors maintain a record of clients and transactions.
- Financial advisors consistently update customers concerning their investments.
- Financial advisors meet performance and sales targets.
Financial Advisors Near Stone
Also: Cotes Heath financial advisors, Little Stoke financial advisors, Milwich financial advisors, Swynnerton financial advisors, Hilderstone financial advisors, Weston financial advisors, Sandon financial advisors, Moddershall financial advisors, Cresswell financial advisors, Rough Close financial advisors, Barlaston financial advisors, Eccleshall financial advisors, Walton financial advisors, Fulford financial advisors, Great Bridgeford financial advisors, Stonefield financial advisors, Tittensor financial advisors, Cold Meece and more.
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Financial Advisors Around Stone: In the previous twelve months financial advice was provided in these Stone streets: Willow Road, Victor Street, Jordan Way, Beechwood Drive, Crompton Road, Thomas Avenue, The Crossings, Birchfields Close, Simeon Way, Mount Street, Station Road, Pearson Drive, Saltersford Rise, Sutherland Road, Adies Alley, Elm Road, Austin Close, Grove Road, Bowers Court, Longton Road, Windsor Close, Millennium Way, Saxifrage Drive, The Avenue, Lyndhurst Grove, Newlands Close, Cedars Drive, Clinton Gardens, and in these Staffordshire postcodes: ST15 0LE, ST15 0EE, ST15 0FP, ST15 0XJ, ST15 0GB, ST15 0FA, ST15 0UH, ST15 0AB, ST15 0ZT, ST15 0JR.
If you want local info relating to Stone, Staffordshire take a look here
More Staffordshire Financial Advisors: More Hanley, Cannock, Burton-upon-Trent, Uttoxeter, Hednesford, Tamworth, Biddulph, Stone, Newcastle-under-Lyme, Rugeley, Longton, Wombourne, Kidsgrove, Fenton, Burslem, Lichfield, Stafford, Heath Hayes, Leek, Stoke-on-Trent and Burntwood.:
Independent financial advisor in ST15 area, telephone code 01785.
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