Financial Advisor Trowbridge Wiltshire (BA14): Finding a first-rate financial advisor advisor in the Trowbridge area can be a challenging experience, in particular if you're seeking financial advice for the very first time. Whether it is investment, pension, mortgage or even insurance guidance that you are after, there's one common rule for all qualified financial advisors; they must all observe Financial Conduct Authority regulations. Any advice given from a FCA certified financial advisor in Trowbridge comes with guarantees that should things go wrong, you can contact the Financial Services Compensation Scheme or the Financial Ombudsman.
Family and friends recommendations can be a decent starting place in picking a financial advisor in Trowbridge, but remember that their situation might be different to the type of advice you are looking for. Financial advice must be individually tailored to your particular circumstances, and you'll discover that some financial advisors might not be suitable for your requirements. Selecting the right financial advisor is crucial and it is wise to talk to at least 3 different companies so as to explore the options they provide, and to find one that you feel comfortable with and can trust.
Independent financial advisors (IFA) and restricted advisors, are the 2 main kinds of financial advisor in Trowbridge. An IFA should not be confined to the services or products of a single provider. Independent financial advice should be provided in an honest and unbiased way and should cover the full spectrum of financial products and companies. This will allow you to choose from the widest range of services to meet your needs. A restricted financial advisor might be limited to products and services from one particular provider, or may even concentrate on a single product, as may be the case with a mortgage advisor.
Before accepting you as a client, any Trowbridge financial advisor must be fully transparent with you about their charges, as demanded by the FCA. Contingent on the type of product you're looking for, you could be charged a set fee, by the hour or even a specific percentage of your investment. You could be offered the chance of a free initial consultation to allow you to discuss your aims and determine whether the advisor is a good fit for you and your situation. In some bigger Trowbridge companies, you may find that your account is managed by a team as opposed to an individual.
To describe your financial situation and ambitions to the advising company, you'll be required to fill in a "Fact Find" document, which is a confidential disclosure form. You'll also be handed a Key Facts or Initial Disclosure Document, which gives you information regarding the financial advisor, their status to offer independent or restricted advice and their scope of permissions in the financial arena. This document should also lay out your own rights and the options you can take if you are not satisfied with the service, and wish to complain. It has to be easily understood, written in plain English, and describe exactly what you're committing yourself to, along with the benefits and risks of going along with the advice. The level of cooling-off period should also be explained in this Key Facts Document. This enables you to cancel the contract within a specific time frame, and if any penalty charges have to be paid.
The first time you are speaking to your financial advisor you'll want to check what experience and qualifications they have. Asking such questions should not cause you any embarrassment, because after all you are about to entrust them with your financial future. All financial advisors in Trowbridge must as a minimum hold a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. You should not worry if your particular advisor's name doesn't appear on the Financial Services Register, so long as the firm is listed on the register, their advisors are covered by the legislation. If they are unable to present these accreditations, the individual cannot offer advice but only financial guidance. Guidance is different to advice as it isn't regulated in the same way, and if financial mistakes occur there may be no recourse to either party.
If you are seeking advice on investing money you'll be asked about the amount of risk you are comfortable with. Higher risk investments could potentially offer higher rewards, but all or some of your cash could be lost. Good quality investment and financial advice should take you savings goals into consideration, i.e. how quickly you need to access your money, how much you have to invest and long or short term investments. You must invariably ask yourself the one important question, how much money can you truly afford to lose. This is commonly called your capacity for loss and may affect the services and products that may be offered for your consideration.
If you already have any existing investments, mortgage loans, savings or regular payments, you should let your financial advisor know about these. To make certain that you receive the most appropriate advice for you, they need a full and clear picture of your financial situation. Spreading the risk across various different products through the diversification of your investments and savings, is something that sound financial advice should allow for. Having an understanding of the best areas to consider, a seasoned financial advisor will concentrate on products that fit in with your goals and financial circumstances.
Your financial advisor will attempt to communicate in as much plain speech as possible, while unmasking the complex world of finance. You should be able to make an informed and educated decision when you have learned about the various services and products which meet your needs. You can perhaps ask your advisor to only choose ethical savings and investments. You will then be able to keep away from businesses that investments meet your standards, and instead support those firms and organisations that match your concerns, for example green energy or zero carbon.
Having a close working relationship with your financial advisor in Trowbridge could create complications with your work and other responsibilities. To allow you to get advice at times that suit you, one-on-one meetings can be supplemented with video conferencing and phone calls. A competent financial advice company in Trowbridge will have stringent measures in place to keep your details confidential and secure, even if you never have an in-person meeting with your personal advisor, because remote and home working is now so common.
You must always bear in mind that the financial sector can be unpredictable, and the value of your investments can just as easily go down as well as up. If it happens that your investment isn't making the amount of money you hoped for, it can be an extremely worrying and frustrating time. Sadly, a downward trend in your investment is not seen as a cause for complaint, unless it's because of misleading or incorrect information from your advisor.
The firm's official complaints procedure should be the starting point for any grievances, and the Key Facts Document should explain this. You can let the Financial Ombudsman know about the situation if it remains unsolved within the time schedule stipulated by the regulating authority, and your advisor is a member of the Financial Conduct Authority.
The Financial Ombudsman will make a ruling after independently reviewing the cause of the complaint. If the complaint is upheld, a decision is made on how to rectify the situation or financially compensate the client. The advisor and their company must abide by any decision that's made by the Ombudsman, which becomes legally binding as soon as the customer has agreed to it. Any compensation set by the Ombudsman will also take into consideration any upset, distress, hassle and inconvenience caused to the client during the situation.
Financial advice can be provided in Trowbridge and also nearby in: Bradford-upon-Avon, Semington, Heywood, Staverton, Steeple Ashton, Yarnbrook, Southwick, Hawkeridge, North Bradley, Melksham, West Ashton, Wingfield, Trowle Common, Hilperton Marsh, together with these postcodes BA14 0LN, BA14 0QX, BA14 0PH, BA14 0PL, BA14 0ES, BA14 0JZ, BA14 0FG, BA14 0JY, BA14 0QS, BA14 0DS. Locally based Trowbridge financial advisers will most likely have the phone code 01225 and the postcode BA14.
Trowbridge Financial Advice Services
There is a variety of services which are provided by your local Trowbridge financial advisor including mutual funds, life assurance advice, business financial planning in Trowbridge, pension reviews, life insurances, pension plans, cheap financial advice, corporate bonds in Trowbridge, corporate financial planning, financial services Trowbridge, trusts, retirement plans, tax planning, investment bonds Trowbridge, ethical investments, pension consolidation advice in Trowbridge, divorce planning in Trowbridge, long term care fee advice in Trowbridge, annuity purchase in Trowbridge, financial planning, income protection in Trowbridge, pension planning Trowbridge, bridging finance in Trowbridge, annuities Trowbridge, investment plans, and lots more.
Financial Advisors Near Trowbridge
Also: Staverton financial advisors, Hilperton Marsh financial advisors, Semington financial advisors, Yarnbrook financial advisors, Melksham financial advisors, Southwick financial advisors, Heywood financial advisors, Hawkeridge financial advisors, West Ashton financial advisors, Trowle Common financial advisors, Bradford-upon-Avon financial advisors, North Bradley financial advisors, Steeple Ashton financial advisors, Wingfield and more.
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Financial Advisors Around Trowbridge: Some Trowbridge roads and streets where financial advice has recently been given - Shearman Street, Bradford Road, Saxon Drive, The Street, Avonfield, Clipsham Rise, Southfield, Downside Park, Shails Lane, Common Hill, Chilmark Road, Silver Street Lane, Spiers Piece, Bradley Lane, Cadbys Close, Adcroft Street, Chalfont Close, St Marys Gardens, Charlotte Court, Strongs Close, Tyning Close, Shore Place, Drynham Park, Brown Street, Ashmead, Bartletts Mead, Barnes Close, Talbot Road, as well as the following local Trowbridge postcodes: BA14 0LN, BA14 0QX, BA14 0PH, BA14 0PL, BA14 0ES, BA14 0JZ, BA14 0FG, BA14 0JY, BA14 0QS, BA14 0DS.
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More Wiltshire Financial Advisors: More Melksham, Westbury, Marlborough, Calne, Salisbury, Trowbridge, Swindon, Devizes, Amesbury, Bradford-on-Avon, Warminster, Corsham, Chippenham, Tidworth and Wootton Bassett.:
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Independent financial advisor in BA14 area, and dialling code 01225.
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