Financial Advisor Tunbridge Wells Kent (TN1): Locating a reliable financial advisor advisor in Tunbridge Wells can be a daunting experience, particularly if you're seeking financial advice for the first time. However, all qualified financial advisors have one thing in common; they all have to follow the regulations set by the FCA (Financial Conduct Authority), whether you're searching for investment, pensions, mortgage or even insurance advice. Any advice given by a FCA approved financial advisor in Tunbridge Wells comes with guarantees that if things go wrong, you can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.
Recommendations from friends and relatives can be a good starting point in picking a financial advisor in Tunbridge Wells, but bear in mind that their situation might be different to what you're looking for. Financial advice must be individually tailored to your unique situation, and you will find that certain financial advisors might not be suitable for you. It is a good idea to speak with at least 3 different firms when you're selecting a financial advisor, as this is a big decision, and you need to find one that you feel comfortable with and can trust, and at the same time investigate the options they offer.
There are two main kinds of financial advisor in Tunbridge Wells; restricted advisors and independent financial advisors (IFA). The good thing about seeing an IFA is that they will not be limited to a single provider's services or products, and can offer a more diverse range of options. Independent financial advice must be offered in an honest and impartial way and across the entire gamut of financial companies and products. Consulting an independent financial advisor should allow you to select from the widest possible array of services. A restricted advisor could be tied to services and products from a specific firm, or may even focus on a particular product, as in the case of a mortgage advisor.
Before accepting you as a client, any financial advisor must fully discuss their charges with you, as demanded by the FCA. Although it can vary contingent on the type of service you require, there could be a set fee, an hourly rate, or you may even be charged a slice of what you're investing. You may be offered a free initial consultation to enable you to discuss your goals and determine whether the advisor is the correct fit for your situation. Your account might be handled by a team as opposed to one individual advisor, if you decide to go to one of the bigger companies in Tunbridge Wells.
Before any actual advice is handed out you will be asked to complete a confidential disclosure form, called a "Fact Find" document, which informs the advising company about your financial situation and ambitions. To provide information on the financial advisor, their situation for offering independent or restricted advice and their range of permissions in the financial sector, you'll also be given a Key Facts or Initial Disclosure Document. This document will also lay out your legal rights and the options you can take if you're not happy with the service provided, and would like to complain. It should describe exactly what you are committing yourself to, and any possible benefits and risks that exist should you elect to take the advice offered, and it must be laid out in clear language. You will find the level of cooling-off period in this document. This enables you to cancel the agreement within a certain time period, and if any penalty charges have to be paid.
The first time you're talking to the financial advisor ensure that you check what qualifications and experience they've got. After all you're about to entrust your financial future to their expertise, so you should never be self-conscious about asking these questions. Every Tunbridge Wells financial advisor must be in a position to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. When you check the Financial Services Register, you should not panic if your particular advisor's name doesn't appear on there; you will probably find the firm name, and this means that the regulations covers all of their employees. If they're not able to supply this proof, the individual cannot offer advice but can offer financial guidance. In terms of finance guidance is somewhat different to advice and is not regulated. Therefore there isn't any recourse for the client if financial errors arise.
You will be asked the level of risk you're willing to take on, if you are seeking advice on investments. Higher risk investments could offer bigger rewards, however all or some of your funds could be lost. In order to get the best investment and financial advice, your savings objectives will have to be carefully considered, i.e. short or long term investments, how much capital you want to invest and how quickly you need to access your funds. You must always ask yourself the one vital question, how much can you afford to lose. This is sometimes referred to as your capacity for loss and might affect the products and services that may be offered for your consideration.
From the outset, it is vital that you let your financial advisor know about any existing regular outgoing payments, savings accounts, investments or mortgages that you have. This will give a clear and full picture of your current financial circumstances, and without this the advice given might not be the best for you. Spreading the risk load across a number of different products by diversifying your investments and savings, is something that sound financial advice should allow for. A professional financial advisor in Tunbridge Wells will be aware of the best products to consider, which match your financial situation and your goals.
A financial advisor will unmask the complex world of finance, and try to speak in the clearest possible way. After learning about the products and services which meet your needs, you should be in a position to make an informed and considered decision. If you're environmentally minded, you can perhaps ask your advisor to stick to ethical investments and savings. This allows you to lend support to businesses and firms that address your concerns, e.g. renewable energy or zero carbon, or perhaps avoiding corporations that don't meet your criteria.
It may prove difficult to manage your work and other obligations around working closely with your financial advisor in Tunbridge Wells. To enable you to get advice at times that suit you, face-to-face meetings can be supplemented with video conferencing and telephone. Even if you never have a one-on-one meeting with your advisor, an experienced financial advice firm in Tunbridge Wells will have strict measures in place to keep your details confidential and secure, because working from home and remote working is now commonplace.
The value of your investments could go down as well as up, and this is a factor that you need to bear in mind. It can be incredibly demoralising and worrying if your investment is not making the amount of money you were hoping for. A downward spiraling of your investment isn't a recognised cause for complaint, unless your advisor has supplied you with wrong or misleading information.
Any grievances should start with the company's official complaints procedure as indicated in the Key Facts Document. If your advisor is a member of the FCA, you can let the Financial Ombudsman know about the problem if it remains unsolved within the period set by the regulating authority.
The Financial Ombudsman will come to a decision after reviewing the cause of the complaint independently. If it is established that the complaint is justified, a decision will be made on how the client can be financially compensated. On acceptance by the customer, the ruling becomes legally binding, and the financial advisor and their firm must abide by it. Any upset, hassle, inconvenience and distress caused to the customer during the dispute, will be taken into account when the Financial Ombudsman establishes the level of compensation.
Financial advice can be provided in Tunbridge Wells and also in nearby places like: Frant, Bidborough, Ashurst, Brenchley, Rusthall, Fordcombe, Bells Yew Green, Matfield, Speldhurst, Tonbridge, Penshurst, Groombridge, Southborough, Wadhurst, Mark Cross, Pembury, Tudeley, as well as in these postcodes TN1 1UA, TN1 1JN, TN1 1YX, TN1 1SR, TN1 1PH, TN1 1BT, TN1 1UP, TN1 1SD, TN1 1SW, TN1 1XR. Local Tunbridge Wells financial advisers will likely have the postcode TN1 and the phone code 01892. Click on the "enquiry" banner to get info on financial advisors in your area.
Kent Financial Advice Enquiries
Recent Kent financial advice enquiries: Angela Pearce from Kingswood, Kent recently enquired about getting financial advice. Karter and Kyra Mccartney from Goudhurst, Kent recently asked for information on offshore investments. Mr and Mrs Clark from Nonington recently enquired about life assurance. Maja and Enoch Montgomery from Wilmington recently asked for information on mortgages. Ela and Marco Zaoui from Ditton recently asked for information on family income benefit. Zayn Foulkes from Strood recently enquired about investment advice. Hattie and Fred Robbins from Lamberhurst, Kent recently enquired about equity release. Anika Hancock and Aden Hancock from Sheerness recently asked for information on life assurance.
Tunbridge Wells Financial Advice Services
There is a variety of services which can be provided by your local Tunbridge Wells financial advisor including cash flow modelling, pension drawdowns, offshore investments, bridging finance, corporate bonds Tunbridge Wells, trustee investment services, trusts, investment advice in Tunbridge Wells, unit trusts, ISA's Tunbridge Wells, retirement planning in Tunbridge Wells, financial advice services in Tunbridge Wells, life assurance, personal financial planning, pension planning, mutual funds Tunbridge Wells, mortgage financial planning, cashflow analysis, annuities in Tunbridge Wells, income protection advice Tunbridge Wells, cheap financial advice in Tunbridge Wells, annuity purchase, independent financial advice, long term care fee advice, general financial planning Tunbridge Wells, and more.
A Financial Advisor's Everyday Duties
- Financial advisors produce detailed financial reports.
- Financial advisors provide education, counselling and consultation regarding investments and finances.
- Financial advisors regularly update customers regarding their investments.
- Financial advisors research financial products and explain them clearly and simply to their customers.
- Financial advisors work with colleagues to obtain statistics, market information and trends.
- Financial advisors maintain detailed records of potential clients and transactions.
- Financial advisors make deals with with financial product providers.
- Financial advisors chat with customers regarding their finances and plans.
- Financial advisors meet targets for performance and sales.
- Financial advisors keep fully up to date with legislation changes and new products.
Financial Advisors Near Tunbridge Wells
Also: Tudeley financial advisors, Bidborough financial advisors, Rusthall financial advisors, Ashurst financial advisors, Frant financial advisors, Matfield financial advisors, Groombridge financial advisors, Southborough financial advisors, Fordcombe financial advisors, Wadhurst financial advisors, Tonbridge financial advisors, Speldhurst financial advisors, Bells Yew Green financial advisors, Penshurst financial advisors, Pembury financial advisors, Brenchley financial advisors, Mark Cross and more.
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Financial Advisors Around Tunbridge Wells: In College Drive, Sandhurst Avenue, Dene Way, Bretland Road, Sunnyside Road, Speldhurst Road, Cleveland, Brendon Close, Brookhurst Gardens, Broadmead Avenue, Dell Drive, Sand Road, Culverden Park Road, Stanley Road, Berkeley Road, The Beeches, The Green, Dale Street, Blakeway, Chapman Way, Clifton Place, Tunbridge Wells Trade Park, Sand Hill Lane, Cypress Grove, Albany Hill, Doric Close, Stone Street, Sidney Close, The Platt, Birch Close, as well as these local Tunbridge Wells postcodes: TN1 1UA, TN1 1JN, TN1 1YX, TN1 1SR, TN1 1PH, TN1 1BT, TN1 1UP, TN1 1SD, TN1 1SW, TN1 1XR, people have just recently needed financial advice.
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Independent financial advisor in TN1 area, phone code 01892.
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