Financial Advisor Swansea Wales (SA1): If you are seeking financial advice for the very first time, trying to find a reliable independent financial advisor in Swansea can be an intimidating experience. Whether you're searching for investment, mortgage, pension or even insurance guidance, all financial advisors have one thing in common; they all have to observe the regulations laid down by the Financial Conduct Authority (FCA). Any advice given by a FCA approved financial advisor in Swansea comes with certain guarantees that should things go wrong, you have access to the Financial Services Compensation Scheme or the Financial Ombudsman.
When choosing a financial advisor in Swansea, a good starting point could be friends and relations, however you must keep in mind that your circumstances may not be in line with theirs, and you may be in need of a different sort of advice. Financial advice needs to be individually tailored to your particular circumstances, and you will find that some financial advisors might not be appropriate for you. Choosing a financial advisor is a major decision and it pays to speak with at least three different firms in order to check out the various options they can provide, and to find one that you feel comfortable with and can trust.
Independent financial advisors (IFA) and restricted advisors, are the two main kinds of financial advisor in Swansea. The benefit of using an independent financial advisor is that they won't be confined to the products and services of a single provider, and can offer a more diverse range of options. Encompassing the entire gamut of financial products and companies, independent financial advice must be offered in an unbiased and impartial way to clientele. Using an IFA should allow you to choose from the widest possible range of services. If you use a restricted financial advisor you'll discover that they might be restricted to products and services of a specific firm, or as with a mortgage advisor, may only be concerned with one solitary product.
Before any financial advisor in Swansea accepts you as a client, they're required by the FCA to fully discuss their charges with you. You could be charged a set fee, by the hour or even a specific percentage of your investment value, subject to kind of services you're looking for. A free initial consultation may be offered, so you can discuss your aims and situation to determine whether the advisor is a good fit. Your account could be managed by a team rather than one individual advisor, if you choose to use one of the larger companies in Swansea.
To describe your financial situation and objectives to the advising company, you will have to complete a "Fact Find" document, which is a confidential disclosure form. You'll also be given an Initial Disclosure, or Key Facts Document, which gives you details about the financial advisor, their situation for offering independent or restricted advice and their range of permissions in the financial market. If you are not happy with the service provided, and wish to submit a complaint, this document will also lay down your rights and your options. It must be written in plain English and outline what you're committing yourself to, and any potential risks and benefits that exist should you decide to go along with the offered advice. You'll find the amount of cooling-off period in the Key Facts Document. This allows you to have a change of heart within a certain number of days, and cancel your contract with the financial advisor.
Make sure you check the qualifications and experience of your financial advisor the first time you speak with them. After all you are on the verge of entrusting your long-term financial wellbeing to their skill, so you should not be self-conscious about asking these questions. All financial advisors in Swansea must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. If the advisor's name does not appear on the Financial Services Register, you shouldn't panic, the company the individual works for will almost certainly be on the register and their staff will be covered by the regulations. If they are not able to supply this evidence, the person cannot offer advice but is permitted to offer financial guidance. Guidance is not regulated in the way that financial advice is, meaning that if errors are made neither party will have any recourse.
If it is investing money that you are interested in, the advisor will want to know the amount of risk you are ready and able to take on with your hard-earned cash. Better rewards might be possible with higher risk investments, but you could also lose all or some of your funds. Decent financial and investment advice will take into account your savings aims, i.e. how rapidly you need to access your funds, how much you wish to invest and short or long term investments. The one question that you should ask yourself, which is normally ignored, is how much you can actually afford to lose. This is known as your capacity for loss and could influence the products and services that may be offered to you.
You need to let your financial advisor know about any current regular outgoings, savings accounts, investments or mortgage loans. This should give a full and clear picture of your current financial situation, and without this the advice you get might not be the most suitable for you. Reliable financial advice should allow for diversifying your investments and savings by spreading the risk across various different products. So as to reflect your goals and financial circumstances, a seasoned financial advisor in Swansea will be aware of the best products to consider.
A financial advisor will open up the complex world of finance, and speak in as much plain speech as possible. This will help you to compare products and services which match your needs, and come to an informed decision. If the environment is important to you, you could maybe ask that ethical investments and savings take precedence. This not only provides you with investment possibilities, but also allows you to lend your support to renewable energy or zero carbon projects, and stay clear of those that don't share the same values as you.
Having a close working relationship with a financial advisor in Swansea could create problems with work and other obligations. Face-to-face meetings can be backed up with video conferencing and telephone calls to allow you to get advice at a time to suit you. Home and remote working is now a large part of our society, and an established financial advice provider in Swansea will have stringent measures in place to ensure your details are kept confidential and secure, even if you hardly ever have a face-to-face meeting with your personal advisor.
Investments can go down as easily as they can go up, since the financial world can be a volatile one. If it happens that your investment is not making the amount of money you hoped for, it can be a worrying and frustrating time. A downward trend in your investment is not seen as a basis for complaint, unless your financial advisor has supplied you with misleading or incorrect information.
Any complaints should start with the company's official complaints procedure as outlined in the Key Facts Document. If the financial advisor is registered with the FCA, you can tell the Financial Ombudsman about the matter if it remains unsolved within the time stipulated by the regulating body.
After independently reviewing the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. A decision will be made on how to financially compensate the client, if the complaint is justified. Once agreed on by the customer, the decision becomes a legally binding one, and the financial advisor and their company must comply with it. Any upset, inconvenience, distress and trouble caused to the customer during the process, will be considered when the Financial Ombudsman sets the level of compensation.
Financial advice can be provided in Swansea and also in: Skewen, Penlan, The Mumbles, Neath, Morriston, West Cross, Cadle, Killay, Clydach, Rhos, Dunvant, Cockett, Llanelli, Gowerton, Pontarddulais, Gorseinon, Pontardawe, Port Talbot, Plasmarl, Sketty, as well as in these postcodes SA1 1SE, SA1 1DW, SA1 2AN, SA1 1UL, SA1 1WG, SA1 1DE, SA1 1HS, SA1 1JG, SA1 2BQ, SA1 2AS. Locally based Swansea financial advisors will likely have the postcode SA1 and the telephone code 01792. Simply click on the "enquiry" banner or form to get details about financial advisors in your area.
Wales Financial Advice Enquiries
Current Wales financial advice enquiries: Rita and Dillon Gardner from Govilon recently enquired about equity release. Alan Main and Evelyn Main from Tenby, Wales recently asked for information on investment bonds. Hiba and Fergus Sands from Pembroke Dock recently enquired about family income benefit. Colton Sawyer and Alys Sawyer from Y Felinheli, Wales recently asked for information on family income benefit. Mr and Mrs Pitt from Cwmllynfell, Wales recently asked for information on investment bonds. Tiana Collard from Coedpoeth, Wales recently enquired about mortgage advice. Kaia and Maxwell Spencer from Four Crosses, Wales recently asked for information on offshore investments. Elyas and Ariana Blackburn from Abermule recently asked for information on investment bonds.
Regular Tasks of a Financial Advisor
- Financial advisors work with colleagues to obtain trends, market information and statistics.
- Financial advisors continually update clients regarding their investments.
- Financial advisors meet targets for sales and performance.
- Financial advisors keep detailed records of customers and transactions.
- Financial advisors make deals with with providers of financial products.
- Financial advisors produce in-depth financial reports.
- Financial advisors keep abreast of new products and law changes.
- Financial advisors speak to clients regarding their finances and plans.
- Financial advisors recommend the best-suited financial products to their clients.
- Financial advisors provide consultation, education and counselling with regards to finances and investments.
Swansea Financial Advice Services
There are a whole host of services which are provided by your local Swansea financial advisor including pension consolidation advice, retirement advice, independent financial advice, investment advice Swansea, cash flow modelling in Swansea, life assurance, offshore investment advice Swansea, financial planning in Swansea, annuities, stakeholder pensions in Swansea, general financial planning in Swansea, long term care fee advice, equity release advice, family income benefit, pension planning, corporate financial planning, mortgage financial planning, mutual funds in Swansea, divorce planning, will writing services, ethical investments, cashflow analysis, trustee investment services Swansea, ISA's Swansea, portfolio management, and lots more.
Financial Advisors Wales
In Wales you can also get: Denbigh financial advice, Trevor financial advice, Raglan financial advisors, Ogmore By Sea financial advice, Crickhowell investment advisors, St Clears investment advice, Trevor investment advice, Porthmadog financial advice, Church Village investment advice, Pembrey financial advisors, Rhosneigr investment advisors, Cemaes financial advisors, Cwm investment advice, Pwll investment advisors, Llanhilleth financial advisors, Broughton investment advice, St Clears investment advisors, Rhostyllen financial advisors, Tywyn financial advisors, Deri financial advice, Abergele financial advisors, Treharris financial advisors, Chirk investment advisors, Markham investment advisors, Nantyglo investment advice, Llandeilo investment advisors, Sarn financial advisors, Abertillery investment advisors, Abercarn investment advisors, Mostyn investment advice.
Financial Advisors Near Swansea
Also: Llanelli financial advisors, Dunvant financial advisors, West Cross financial advisors, Neath financial advisors, Sketty financial advisors, Skewen financial advisors, Pontardawe financial advisors, Plasmarl financial advisors, Port Talbot financial advisors, Gorseinon financial advisors, Rhos financial advisors, Clydach financial advisors, Penlan financial advisors, Pontarddulais financial advisors, Killay financial advisors, Cockett financial advisors, Gowerton financial advisors, Cadle financial advisors, The Mumbles financial advisors, Morriston and more.
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Financial Advisors Around Swansea: Financial advisors were recently requested by people living in Denver Road, Thomas Street, Cae Crug, Aneurin Close, Dillwyn Court, Allaway Court, Carew Place, Templeton Way, Clos Aderyn Du, Applegrove, Clos Banc Yr Eithen, Brecon Road, The Causeway, Down Leaze, Bonvil Terrace, Talfan Road, St Andrews Close, Caergynydd Road, Blackhill Road, Dunns Close, Cefn Llan Road, Caryl Terrace, Tan Y Graig, Tichbourne Street, Caebryn Avenue, De La Beche Road, Caldicot Road, The Glebe, St Lawrence Court, Tir-mynydd and these Swansea postcodes: SA1 1SE, SA1 1DW, SA1 2AN, SA1 1UL, SA1 1WG, SA1 1DE, SA1 1HS, SA1 1JG, SA1 2BQ, SA1 2AS.
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Independent financial advisor in SA1 area, and dialling code 01792.
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