Financial Advisor Tamworth Staffordshire (B77): It can be a daunting experience trying to locate a first-rate independent financial advisor in the Tamworth area, in particular if it is the first time that you're needing financial advice. Whether it is pensions, investment, mortgage or even insurance advice that you're looking for, there's one common rule for all qualified financial advisors; they all have to observe FCA (Financial Conduct Authority) regulations. The advantage of this is that if a financial advisor who is FCA authorised gives you bad advice, and anything goes wrong, you've got guarantees, and are able to get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman to have it put right.
When selecting a financial advisor in Tamworth, a decent place to start could be family and friends, however you must bear in mind that your situation might not be in line with theirs, and you may be in need of a different sort of advice. Any advice they provide should be personalised to your unique situation, and every financial advisor is not suitable for everyone. Picking a financial advisor is a major decision and it is a good idea to speak with at least three different companies in order to investigate the options they offer, and to find one you feel comfortable with and can trust.
There are two main kinds of financial advisor in Tamworth; restricted advisors and independent financial advisors. The advantage of using an independent financial advisor is that they should not be limited to a single provider's products and services, and can offer a wide range of options. Independent financial advice must be provided in a frank and impartial way and should cover the whole spectrum of financial companies and products. If you decide to use an IFA, you'll be able to pick from the widest possible array of services, in order to find the perfect solution for you. If you use a restricted financial advisor you will discover that they may be limited to products and services of one particular firm, or as in the case of a mortgage advisor, might only be concerned with one product.
Before taking you on as a client, any Tamworth financial advisor must tell you about their charges, as set out by the FCA. Contingent on the kind of services you require, you could be charged by the hour, a set fee or even a percentage of your investment. To allow you to discuss your goals and see if the advisor is the correct fit for your situation, a free preliminary consultation might be offered. Your account could be handled by a team as opposed to one individual advisor, if you decide to use one of the bigger firms in Tamworth.
You'll have to fill in a "Fact Find" document, which is a confidential disclosure form relating your financial situation and targets to the advising company. You will also be given an Initial Disclosure, or Key Facts Document, which provides you with details about the financial advisor, their situation for offering independent or restricted advice and their scope of permissions in the financial arena. This document should also lay out your own legal rights and the options you can take if you aren't satisfied with the service, and wish to make a complaint. It should be easy to understand, written in layman's terms, and outline precisely what you're committing yourself to, together with the benefits and risks of going along with the advice. You will find the level of cooling-off period in this document. This makes it possible for you to have a change of heart within a certain time frame, and cancel your contract with the financial advisor.
Make sure you check the qualifications and experience of your financial advisor the first time you talk to them. After all you're about to entrust your long-term financial wellbeing to their expertise, so you must not be self-conscious about asking these questions. Every financial advisor in Tamworth must be able to present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. Don't stress if your specific financial advisor's name does not show up on the Financial Services Register, so long as the company is on the register, their personnel will be covered by the regulations. The individual can still offer financial guidance as opposed to advice, if these can't be presented. Guidance isn't regulated in the way that financial advice is, meaning that if errors arise the client won't have any recourse.
You will be asked the amount of risk you're willing to accept, if you are seeking advice on investing money. Better rewards may be possible with high risk investments, however you may also lose all or some of your cash. Your savings objectives should be considered if good financial and investment advice is to be given, i.e. how rapidly you need access to your money, how much cash you want to invest and short or long term investments. You must invariably ask yourself the one vital question, how much money can you truly afford to lose. Commonly called your 'capacity for loss', this will very likely have an effect on products and services that you are offered.
If you've already got any existing investments, regular outgoings, mortgages or personal savings, you must let your financial advisor know about these. This will provide a full and clear picture of your current financial situation, without which the advice you are given will most likely not be the most suitable for you. Spreading the risk load across a range of different products by diversifying your savings and investments, is something that smart financial advice should encompass. A seasoned financial advisor in Tamworth will understand the best areas to consider, which mirror your financial situation and your goals.
A financial advisor will unveil the multifaceted world of finance, and try to communicate in as much plain speech as possible. You should be in a position to make an informed and educated decision when you have learned about the various services and products which meet your needs. If you are environmentally minded, you could perhaps ask your advisor to stick to ethical investments and savings. This allows you to support firms and businesses that match your concerns, e.g. zero carbon or renewable energy, or perhaps keeping away from corporations that do not meet your criteria.
Working together with a financial advisor in Tamworth can be difficult to manage around your work life and other obligations. This can be reduced by supplementing one-on-one appointments with phone calls and video conferencing, therefore allowing you to get the advice you need at convenient times. Even if you never have a face-to-face meeting with your advisor, an established financial advice firm in Tamworth will have strict measures in force to ensure your details are kept confidential and secure, because remote and home working is now so common.
You must remember that the financial world is an unpredictable sector, and investment values can just as easily fall as well as rise. It can be incredibly worrying and frustrating if your investment fails to make as much money as you were hoping for. A downward spiral in your investment isn't seen as a cause for complaint, unless your financial advisor has supplied you with misleading or wrong information.
The company's complaints procedure should be the starting position for any disputes, and the Key Facts Document should clarify this. If the advisor is a member of the FCA, you can tell the Financial Ombudsman about the problem if it remains unresolved within the time schedule set out by the regulating body.
The Financial Ombudsman will independently review the cause for complaint and come to a decision. A decision is made on how to financially compensate the customer, if the complaint is upheld. The advisor and their firm must comply with any decision that is made by the Ombudsman, which becomes legally binding once the customer has accepted it. Any compensation fixed by the Ombudsman will also account for any distress, trouble, annoyance and inconvenience caused to the customer during the process.
Financial advice can be provided in Tamworth and also in: Birchmoor, Hockley, Wilnecote, Hopwas, Two Gates, Whittington, Perry Crofts, Fazeley, Polesworth, Glascote, Dosthill, Shuttington, Mile Oak, Amington, Hints, Kettlebrook, Drayton Bassett, Bonehill, together with these postcodes B77 1GR, B77 1GU, B77 2HE, B77 1AA, B77 2FH, B77 1AF, B77 1GB, B77 1BS, B77 2EL, B77 1JR. Locally based Tamworth financial advisers will likely have the telephone dialling code 01827 and the postcode B77.
Staffordshire Financial Advisors
Around Staffordshire you can likewise get: Swindon investment advice, Cannock Wood investment advisors, Shelton financial advisors, Kingsley financial advisors, Stretton investment advice, Whitmore financial advice, Little Haywood investment advice, Caverswall financial advisors, Burton investment advisors, Great Wyrley financial advisors, Keele investment advice, Mayfield investment advisors, Yoxall investment advisors, Stretton investment advisors, Colwich investment advice, Anglesey financial advisors, Shenstone investment advice, Betley investment advice, Alrewas investment advisors, Alsagers Bank financial advice, Mavesyn Ridware investment advice, Shobnall financial advice, Handsacre investment advisors, Hopton investment advisors, Brewood investment advice, Rocester financial advisors, Lower Penn financial advice, Denstone investment advisors, Featherstone investment advice, Seighford financial advice.
A Financial Advisor's Day to Day Tasks
- Speaking with clients regarding their plans and finances.
- Researching financial products and explaining them simply and clearly to clients.
- Producing financial reports.
- Constantly updating customers concerning their investments.
- Working in collaboration with peers to gather statistics, market information and trends.
- Meeting performance and sales targets.
- Maintaining a record of potential customers and transactions.
- Making deals with with financial product providers.
- Keeping abreast of legislation changes and new financial products.
- Providing consultation, education and counselling regarding investments and finances.
Tamworth Financial Advice Services
There is a variety of services that can be provided by your local Tamworth financial advisor including income protection advice Tamworth, will writing services, ISA's Tamworth, annuities, investment planning in Tamworth, tax financial planning, pension advice, investment bonds, long term care fee advice in Tamworth, trustee investment services Tamworth, family income benefit, pension drawdowns, pension transfers Tamworth, cash flow modelling, investment planning, corporate financial planning, pension reviews Tamworth, financial advice services, mortgage advice Tamworth, investment advice Tamworth, retirement planning in Tamworth, independent financial advice, personal financial planning, life assurance Tamworth, unit trusts, and more.
Financial Advisors Near Tamworth
Also: Hopwas financial advisors, Hockley financial advisors, Bonehill financial advisors, Whittington financial advisors, Birchmoor financial advisors, Polesworth financial advisors, Fazeley financial advisors, Drayton Bassett financial advisors, Shuttington financial advisors, Two Gates financial advisors, Glascote financial advisors, Mile Oak financial advisors, Hints financial advisors, Perry Crofts financial advisors, Amington financial advisors, Dosthill financial advisors, Wilnecote financial advisors, Kettlebrook and more.
- Tamworth Independent Financial Advice
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- Tamworth Tax Advice
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Financial Advisors Around Tamworth: People who live in the following streets and areas have just recently enquired about financial advice - Crigdon, Borough Road, Tinkers Green Road, Triumph, The Aspens, Benson View, Cale Close, Davis Road, Tamworth Road, Ashby Road, Abbey Road, The Precinct, Allensmead, Brindley Drive, Blythe Street, Brookweed, Tolman Drive, Talbot, Thurne, The Forge, Clifford Street, Aldersgate, Brickhouse Lane, The Larches, Castle View, Coventry Road, Chippendale Place, Barlow Close, Schofield Lane, Arnold Close, as well as these local Tamworth postcodes: B77 1GR, B77 1GU, B77 2HE, B77 1AA, B77 2FH, B77 1AF, B77 1GB, B77 1BS, B77 2EL, B77 1JR.
More Staffordshire Financial Advisors: More Burntwood, Wombourne, Burton-upon-Trent, Cannock, Longton, Leek, Hednesford, Heath Hayes, Stoke-on-Trent, Rugeley, Stafford, Kidsgrove, Lichfield, Newcastle-under-Lyme, Uttoxeter, Burslem, Tamworth, Stone, Biddulph, Hanley and Fenton.:
If you would like to get local information about Tamworth, Staffordshire go here
Independent financial advisor in B77 area, phone code 01827.
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