Financial Advisor Thatcham Berkshire (RG18): It can be a daunting experience trying to locate a good financial advisor advisor in the Thatcham area, in particular if it's the first time that you are seeking financial advice. Whether you are searching for mortgage, investment, pensions or even insurance guidance, all financial advisors are bound by one simple rule; they must all adhere to the regulations set by the FCA (Financial Conduct Authority). This comes with various guarantees, thus after taking advice from a FCA approved financial advisor in Thatcham, you can seek recompense from the Financial Ombudsman or the Financial Services Compensation Scheme, if if things go awry.
When picking a financial advisor in Thatcham, a decent starting point could be neighbours and friends, however you must bear in mind that your situation may not be in line with theirs, and you may need a different type of advice. Financial advice needs to be specifically tailored to your particular circumstances, and you'll find that some financial advisors might not be appropriate for your requirements. To explore the various options they are offering and find a financial advisor that you can trust and feel comfortable with, it is a good idea to chat to at least 3 different companies, because picking a financial advisor is a big decision.
Restricted advisors and independent financial advisors, are the two main types of financial advisor in Thatcham. Offering a wide range of options, an independent financial advisor should not be limited to the services or products of a single provider. Independent financial advice must encompass the entire gamut of financial products and companies, and must be offered in an unbiased way. Using an independent financial advisor should enable you to pick from the broadest possible array of services. If you go to a restricted advisor you will soon realise that they might be restricted to products and services of a single firm, or as in the case of a mortgage advisor, may only be involved with one solitary product.
Before accepting you as a client, any Thatcham financial advisor must fully discuss their charges with you, as required by the FCA. You may be charged by the hour, a set fee or perhaps even a percentage of your investment value, depending on type of service you're interested in. You will sometimes be offered the possibility of a free first consultation to allow you to discuss your objectives and determine whether the advisor is suitable for your circumstances. Your account may be handled by a team rather than a single advisor, if you decide to go to one of the larger Thatcham companies.
To summarise your desired goals and financial situation to the advising firm, you will need to complete a "Fact Find" form, which is a confidential disclosure document. You will also be given a Key Facts or Initial Disclosure Document, which provides details of the financial advisor, their situation for offering independent or restricted advice and the extent of their permissions in the financial arena. This document should also lay out your rights and the options you can take if you're not happy with the service provided, and want to make a complaint. It must be easy to understand, written in plain language, and describe precisely what you are signing up for, together with the risks and benefits of accepting the proffered advice. The Key Facts Document should also inform you about the allowed cooling-off period. Within a specific number of days, this allows you to cancel the agreement.
When speaking to your financial advisor the very first time you need to check their experience and qualifications. After all you're about to entrust your long-term financial wellbeing to their expertise, so you should never be self-conscious about asking such questions. Every financial advisor in Thatcham must be able to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. If the advisor's name does not show up on the Financial Services Register, don't panic, the company the person works for will almost certainly be on the register and their staff will be covered by the legislation. If these can't be provided the person can still offer financial guidance rather than advice. Guidance isn't regulated in the same way as financial advice, meaning that if mistakes are made neither party will have any recourse.
If it's investing money that you're interested in, your advisor will want to know the level of risk you are ready to accept with your hard-earned money. Most investments carry some element of risk, but high risk investments may offer substantial rewards, but also more chance of losing some or all of your money. In order to get the most effective financial and investment advice, your savings goals will need to be considered, i.e. how much cash you want to invest, how rapidly you need to access your money and short or long term investments. "How much can you actually afford to lose?" Is the one crucial question that you really need to ask yourself. This might influence the products and services that could be offered for your consideration, and is generally referred to as your 'capacity for loss'.
Right from the start, it's vital that you tell your financial advisor about any existing mortgage loans, investments, savings or regular payments that you currently have. They'll need these details, so they can get a picture of your financial situation and give the best advice for your needs. The diversification of your investments and savings by spreading the risk load across various different products, is a vital part of sound financial advice. A competent financial advisor in Thatcham will understand the best areas to consider, which mirror your financial situation and your goals.
Your financial advisor will try to communicate in the clearest possible way, while opening up the complex world of finance. You should be able to make an informed and educated decision once you have learned about the various products and services that meet your needs. If environmental issues are important to you, you could even ask that ethical savings and investment schemes take top priority. This not only gives you investment possibilities, but also enables you to lend your support to zero carbon or renewable energy projects, and stay away from those that do not share the same values as you.
It could prove challenging to manage your work life and other responsibilities around working closely with a financial advisor in Thatcham. To enable you to seek advice at a time to suit you, one-on-one appointments can be supplemented with phone calls and video conferencing. An experienced financial advice provider in Thatcham will have stringent measures in force to ensure your details are kept secure and confidential, even if you never have a one-to-one meeting with your advisor, because remote and home working is now so common.
Investment values can drop as well as rise, and this is a factor that you need to bear in mind. It can be very disheartening and stressful if your investment is not making as much money as you hoped for. A downward spiral in your investment isn't a recognised cause for complaint, unless your financial advisor has supplied you with wrong or misleading information.
The firm's official complaints procedure should be the best place to start with any disputes, and the Key Facts Document should explain this. You can inform the Financial Ombudsman of the problem if it is unresolved within the period set by the regulating body, and the advisor is registered with the FCA.
The Financial Ombudsman will independently review the cause of the complaint and come to a decision. A decision will be made on how to financially compensate the client, if the complaint is justified. Once agreed on by the customer, the ruling becomes a legally binding one, and the advisor and their company must abide by it. Any hassle, upset, inconvenience and distress caused to the client during the process, will be considered when the Ombudsman fixes the level of compensation.
Financial advice can be provided in Thatcham and also in: Crookham Common, Reading, Curridge, Bucklebury, Brimpton, Shaw, Bradfield Southend, Henwick, Tutts Clump, Stanford Dingley, Colthrop, Beenham, Bishops Green, Cold Ash, Miles's Green, Ashmore Green, Greenham, The Slade, Benham Hill, Newbury, Heads Hill, Midgham, Upper Woolhampton, Marlston Hermitage, Upper Bucklebury, and in these postcodes RG18 3BN, RG18 3EF, RG18 3AA, RG18 3ET, RG18 3BS, RG18 3FN, RG18 3UQ, RG18 4EP, RG18 3AP, RG18 3GF. Local Thatcham financial advisors will most likely have the dialling code 01635 and the postcode RG18.
Skills and Knowledge Required by a Financial Advisor
- Good skills in customer service for identifying customer requirements and needs.
- To be confident in using a computer and the key software.
- To have the ability to network and establish solid relationships with clients.
- Excellent business management skills for negotiating product fees.
- To be thorough and pay attention to detail.
- To be good at promoting services and products.
- A solid knowledge and understanding of economics and accounting associated with financial markets and products.
- Excellent skills in verbal communication.
- To be target driven.
- An outstanding level of numeracy for creating financial strategies.
- Active listening skills.
Thatcham Financial Advice Services
There are a whole host of services that can be provided by your local Thatcham financial advisor including trustee investment services, financial analyst services in Thatcham, equity release, pension consolidation advice, corporate bonds, ethical investments, investment advice, stakeholder pension advice, life assurance in Thatcham, long term care fee advice, investment bonds Thatcham, pension transfer advice, financial advice services in Thatcham, retirement advice, income protection, bridging finance, mutual funds, pension plans, wealth management & investments Thatcham, general financial planning, pension reviews in Thatcham, offshore investments, tax financial planning Thatcham, cashflow analysis, cheap financial advice, and more.
A Financial Advisor's Day to Day Duties
- A financial advisor works in collaboration with colleagues to collect market information, trends and statistics.
- A financial advisor recommends the best-suited financial products to customers.
- A financial advisor provides education, consultation and counselling regarding finances and investments.
- A financial advisor keeps a record of customers and transactions.
- A financial advisor collaborates with providers of financial products.
- A financial advisor produces financial reports.
- A financial advisor speaks to customers regarding their finances and plans.
- A financial advisor meets performance and sales targets.
- A financial advisor constantly updates customers regarding their investments.
- A financial advisor keeps up to date with new products and legislation changes.
Financial Advisors Near Thatcham
Also: Cold Ash financial advisors, Bucklebury financial advisors, Curridge financial advisors, The Slade financial advisors, Upper Bucklebury financial advisors, Shaw financial advisors, Stanford Dingley financial advisors, Crookham Common financial advisors, Reading financial advisors, Henwick financial advisors, Ashmore Green financial advisors, Tutts Clump financial advisors, Heads Hill financial advisors, Greenham financial advisors, Benham Hill financial advisors, Newbury financial advisors, Marlston Hermitage financial advisors, Miles's Green financial advisors, Upper Woolhampton financial advisors, Bradfield Southend financial advisors, Brimpton financial advisors, Midgham financial advisors, Bishops Green financial advisors, Beenham financial advisors, Colthrop and more.
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Financial Advisors Around Thatcham: People living in the following streets and roads have just recently requested financial advice - Cowslip Crescent, Church Gate, Collaroy Glen, St Marks Close, Braemore Close, Ashworth Drive, Bucklebury Alley, Derwent Road, The Orchard, The Ridge, Acorn Drive, Chesterton Road, Blackdown Way, Browning Close, The Martins, Colyer Close, Turners Drive, The Hollands, The Waverleys, Collins Drive, Collaroy Road, Scrivens Mead, Strouds Meadow, Crabtree Lane, Bluecoats, Curridge Piece, Barley Close, Ashman Road, Basingstoke Road, as well as the following local Thatcham postcodes: RG18 3BN, RG18 3EF, RG18 3AA, RG18 3ET, RG18 3BS, RG18 3FN, RG18 3UQ, RG18 4EP, RG18 3AP, RG18 3GF.
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Independent financial advisor in RG18 area, phone code 01635.
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