Financial Advisor Tilehurst Berkshire (RG31): Locating a decent independent financial advisor in Tilehurst can be an intimidating experience, in particular if you're needing financial advice for the very first time. However, all financial advisors have one thing in common; they must all follow the regulations laid down by the Financial Conduct Authority (FCA), regardless of whether you are looking for pensions, mortgage, investment or even insurance advice. Any advice given through a FCA authorised financial advisor in Tilehurst comes with the guarantee that if anything should go wrong, you can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
Recommendations from friends and relations can be a decent starting place in choosing a financial advisor in Tilehurst, but keep in mind that their circumstances might be different to what you're looking for. Financial advice should be individually tailored to your particular situation, and you will find that certain financial advisors may not be suitable for your requirements. Picking a financial advisor is a big decision and it is wise to speak with at least 3 different companies in order to explore the various options they can provide, and to find one that you feel comfortable with and can trust.
There are two principal kinds of financial advisor in Tilehurst; independent financial advisors and restricted advisors. Offering a more diverse range of options, an IFA will not be restricted to a single company's services and products. Independent financial advice should be provided in an impartial way and across the full gamut of financial companies and products. This enables you to choose from the broadest range of products to meet your needs. A restricted advisor might be tied to services and products from a single company, or may even concentrate on one particular product, as in the case of a mortgage advisor.
Before any financial advisor in Tilehurst takes you on as a client, they are required by the FCA to be fully transparent with you about their charges. According to the services you're interested in, you could be charged a set fee, by the hour or even a specific percentage of your investment. You will sometimes be offered the possibility of a free preliminary consultation to allow you to discuss your goals and determine whether the advisor is a good fit for your situation. If you go to one of the bigger Tilehurst firms, your account may be handled by a team of advisors rather than just one person.
To outline your desired goals and financial situation to the advising company, you will be asked to complete a "Fact Find" document, which is a confidential disclosure form. An Initial Disclosure, or Key Facts Document will also be handed to you, providing information on the financial advisors themselves, explaining their range of permissions in the financial sector and their status to offer independent or restricted advice. Your legal rights will also be laid out in this document, along with the possible options you can take if you wish to complain because you aren't happy with the service provided. It must be easily understood, written in plain English, and describe precisely what you're signing up for, together with the risks and benefits of taking the proffered advice. The cooling-off period should also be explained in this document. This permits you to cancel the agreement within a specific number of days, and whenever any penalty charges have to be paid.
The first time you are speaking with the financial advisor you'll want to check what qualifications and experience they've got. Do not be self-conscious about asking such questions, after all you're about to entrust your financial future to their skill. All financial advisors in Tilehurst must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. Don't worry if your particular advisor's name doesn't appear on the Financial Services Register, as long as the firm is listed on the register, their staff will be covered by the regulations. If these can't be provided the individual can still offer financial guidance instead of financial advice. Guidance is different to advice as it is not regulated, and if mistakes occur there will likely be no recourse to either party.
If you are needing advice on investing money you'll be asked about the level of risk you're comfortable with. Larger rewards might be possible with higher risk investments, however you stand a greater chance of losing all or some of your funds. In order to get the most beneficial financial and investment advice, your savings aims will have to be taken into account, i.e. how much cash you want to invest, short or long term investments and how quickly you need access to your money. "How much can you actually afford to lose?" Is the one vital question that you should really be asking yourself. This might affect the services and products that you're offered, and is known as your capacity for loss.
You need to let your financial advisor know about any existing regular outgoings, investments, mortgages or personal savings. This should give a full and clear picture of your current financial circumstances, and without this the advice you are given might not be the most suitable for you. The diversification of your investments and savings by spreading the risk across a number of different products, is a vital part of reliable financial advice. In order to reflect your goals and financial situation, a professional financial advisor in Tilehurst will have the knowledge of the best products to consider.
A financial advisor will throw open the multifaceted world of finance, and converse in the clearest possible way. After comparing the products and services that meet your needs, you should be in a position to come to an informed and calculated decision. If the environment is at the forefront of your mind, you could perhaps ask that ethical investments and savings take top priority. You can then keep clear of firms that corporations meet your criteria, but instead lend your support to those enterprises and firms that address your concerns, for instance zero carbon or renewable energy.
It isn't always easy to work closely with a financial advisor in Tilehurst without this impacting on your work life and other commitments. One-on-one meetings can be complemented with video conferencing and telephone calls to enable you to get advice at times that suit you. An experienced financial advice firm in Tilehurst will have rigorous measures in force to keep your details secure and confidential, even if you rarely have a face-to-face meeting with your personal advisor, because home and remote working is no longer unusual.
You have to remember that the financial sector can be a volatile one, and the value of your investments can just as easily go down as well as up. If it happens that your investment fails to make as much money as you were hoping for, it can be a very stressful and demoralising time. However, except if it is due to incorrect or misleading information from your advisor a downward trend in your investment isn't seen as a basis for complaint.
Any complaints should start with the firm's official complaints procedure as described in the Key Facts Document. If the issue remains unresolved within the time-frame stipulated by the regulating body, and your financial advisor is registered with the FCA, you can advise the Financial Ombudsman.
The Financial Ombudsman will independently review the cause of the complaint and make a ruling. If the complaint is found to be justified, a decision is made on how to rectify or financially compensate the customer. Once agreed on by the customer, the decision becomes legally binding, and the financial advisor and their company must comply with it. Any compensation as set out by the Financial Ombudsman will also take into consideration any distress, hassle, inconvenience and annoyance caused to the client during the dispute.
Financial advice can be provided in Tilehurst and also nearby in: Whitchurch on Thames, Theale, Whitchurch Hill, Calcot, Collins End, Caversham, Reading, Bradfield, Trench Green, North Street, Chazey Heath, Tidmarsh, Upper Basildon, Sulhamstead, Englefield, Mapledurham, Pangbourne, Nuney Green, Purley on Thames, Burghfield, Sulham, as well as in these postcodes RG30 4SX, RG3 4LB, RG3 5BL, RG30 4XW, RG30 4UZ, RG3 4UA, RG3 6EY, RG3 4PU, RG3 6DD, RG3 5PL. Locally based Tilehurst financial advisors will likely have the dialling code 0118 and the postcode RG31.
Tilehurst Financial Advice Services
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Day to Day Duties for a Financial Advisor
- Financial advisors update customers concerning their investments.
- Financial advisors work together with associates to obtain statistics, trends and market information.
- Financial advisors keep abreast of regulation changes and new financial products.
- Financial advisors maintain detailed records of potential customers and transactions.
- Financial advisors research financial products and explain them clearly and simply to their customers.
- Financial advisors chat with clients regarding their plans and finances.
- Financial advisors provide education, counselling and consultation regarding finances and investments.
- Financial advisors make deals with with providers of financial products.
- Financial advisors produce detailed financial reports.
- Financial advisors meet targets for performance and sales.
The Necessary Skills to be a Financial Advisor
- To be able to network and build relationships with clients.
- Good verbal communication skills.
- To be confident in using a computer and the principal software.
- A good understanding and knowledge of accounting and economics relating to financial products and markets.
- To be thorough and pay attention to detail.
- An excellent level of numeracy for developing financial plans.
- To be good at selling financial services and products.
- To have attentive listening and interpersonal skills.
- Effective skills in customer service for determining client requirements.
- Good business management skills for negotiating product prices.
- To have a flexible work ethic.
Financial Advisors Near Tilehurst
Also: Upper Basildon financial advisors, Trench Green financial advisors, Sulham financial advisors, Calcot financial advisors, Burghfield financial advisors, Tidmarsh financial advisors, North Street financial advisors, Bradfield financial advisors, Mapledurham financial advisors, Reading financial advisors, Pangbourne financial advisors, Caversham financial advisors, Chazey Heath financial advisors, Nuney Green financial advisors, Whitchurch Hill financial advisors, Collins End financial advisors, Theale financial advisors, Whitchurch on Thames financial advisors, Englefield financial advisors, Purley on Thames financial advisors, Sulhamstead and more.
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Financial Advisors Around Tilehurst: In Teviot Road, School Road, Felton Way, Church End Lane, Victoria Road, Hollicombe Close, Ashton Close, Westwood Road, Downing Road, Dunsfold Road, Chapel Hill, Chieveley Close, Pierce's Hill, Chichester Road, Conwy Close, Portland Gardens, Green Acre Mount, Maiwand Gardens, Swiss Cottage Close, Ash Road, Holford Close, Bran Close, Wendover Way, Lambourne Close, Tyle Road, Atherton Close, Thicket Road, as well as the following local Tilehurst postcodes: RG30 4SX, RG3 4LB, RG3 5BL, RG30 4XW, RG30 4UZ, RG3 4UA, RG3 6EY, RG3 4PU, RG3 6DD, RG3 5PL, people have just recently needed financial advice.
More Berkshire Financial Advisors: More Bracknell, Finchampstead, Maidenhead, Slough, Thatcham, Crowthorne, Windsor, Sandhurst, Woodley, Ascot, Twyford, Winkfield, Wokingham, Newbury, Sunninghill, Reading and Tilehurst.:
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Independent financial advisor in RG31 area, phone code 0118.
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