Financial Advisor Westbury Wiltshire (BA13): It can be an intimidating experience trying to locate a good independent financial advisor in the Westbury area, in particular if it is the very first time that you're in search of financial advice. Whether you're looking for investments, mortgage, pension or even insurance guidance, all qualified financial advisors are bound by one common rule; they must all stick to the regulations set by the Financial Conduct Authority. This comes with some guarantees, thus after taking advice from a FCA registered financial advisor in Westbury, you can seek recompense from the Financial Ombudsman or the Financial Services Compensation Scheme, if anything goes wrong.
Recommendations from relatives and friends can be a good starting point in choosing a financial advisor in Westbury, but keep in mind that their situation may be different to what you're looking for. Financial advice needs to be individually tailored to your particular situation, and you will find that some financial advisors may not be appropriate for you. To check out the various options that they are offering and find a financial advisor that you feel comfortable with and can trust, it is a good idea to talk with at least 3 different companies, because after all choosing a financial advisor is an important decision.
Independent financial advisors and restricted advisors, are the two principal types of financial advisor in Westbury. An IFA will not be restricted to the products and services of just one provider. Covering the full spectrum of financial companies and products, independent financial advice should be given in an unbiased and impartial way to clients. Consulting an IFA should allow you to choose from the broadest possible array of services. A restricted financial advisor could be tied to products and services from a particular provider, or might even concentrate on one particular product, as may be the case with a mortgage advisor.
Before taking you on as a client, any financial advisor must be transparent about their charges, as required by the FCA. According to the type of service you're looking for, you could be charged a set fee, by the hour or possibly even a percentage of your investment. You will sometimes be offered a free preliminary consultation to enable you to discuss your aims and determine whether the advisor is the proper choice for your situation. If you go to one of the larger Westbury companies, your account might be handled by a team of advisors rather than one individual.
You'll be asked to fill out a "Fact Find" form, which is a confidential disclosure document relating your goals and financial situation to the advising company. A Key Facts Document, or Initial Disclosure Document will also be given to you, providing details of the financial advisors themselves, explaining the scope of their permissions in the financial sector and their status to offer restricted or independent advice. Your legal rights will also be spelled out in this document, along with the possible options you can take if you wish to make a complaint because you are not happy with the service provided. It should outline exactly what you're signing up for, and any possible benefits and risks that exist if you elect to take the advice offered, and it should be set down in plain English. You can find the level of cooling-off period in this document. This allows you to change your mind within a certain number of days, and cancel your contract with the financial advisor.
Make sure you check the qualifications and experience of your financial advisor the first time you speak to them. After all you are on the verge of entrusting your financial wellbeing to their skill, so you shouldn't be embarrassed about asking such questions. A Level 4 qualification is the minimum certification for any Westbury financial advisor, and they must also be in a position to provide you with an annual Statement of Professional Standing. If your advisor's name does not show up on the Financial Services Register, don't panic, the company the individual works for should be found on the register and their advisors will be covered by the legislation. If these can't be presented the individual may still offer financial guidance as opposed to advice. Guidance is somewhat different to advice as it is not regulated in the same way, and if errors occur there may be no recourse to either party.
If you're seeking advice on investing money you will be asked about the level of risk you're prepared to accept. Better rewards might be possible with higher risk investments, but you stand a greater chance of losing all or some of your cash. Good investment and financial advice should take you savings aims into consideration, i.e. long or short term investments, how quickly you need access to your funds and how much you wish to invest. One question you should ask of yourself, which is frequently ignored, is how much money you can really afford to lose. This is commonly called your 'capacity for loss' and may influence the products and services that are offered for your consideration.
From the outset, it's imperative that you let your financial advisor know about any investments, regular outgoing payments, savings or mortgages that you have. To make certain that you receive the most appropriate advice for you, they need to have a full and clear picture of your financial situation. Good financial advice should allow for diversifying your savings and investments by spreading the risk across a range of different products. So as to reflect your goals and financial situation, a certified financial advisor in Westbury will be aware of the best areas to consider.
A financial advisor will open up the complex world of finance, and communicate in as plain a speech as possible. You should be in a position to come to an informed and educated decision after you have compared the various products and services which match your needs. You can even ask your financial advisor to only include ethical savings and investments. This does not just give you investment opportunities, but also enables you to lend your support to renewable energy or zero carbon projects, and stay clear of companies and businesses that do not share the same values.
It can prove tricky to manage work and other responsibilities around a close working relationship with your financial advisor in Westbury. This can be reduced by supplementing face-to-face meetings with telephone calls and video conferencing, hence allowing you to get the guidance you need at times that are convenient. Working from home and remote working is now so common, and any competent financial advice provider in Westbury will have strict measures in force to ensure your details are kept secure and confidential, even if you hardly ever have a one-to-one meeting with your advisor.
Investment values can fall as well as rise, and this is a factor that you have to bear in mind. If your investment isn't making the amount of money you hoped for, it can be incredibly stressful and demoralising. Sadly, your investment having a downward trend is not seen as a cause for complaint, unless it's because of misleading or incorrect information from your advisor.
Any grievances should start out with the company's official complaints procedure as described in the Key Facts Document. If the matter is unresolved within the timeframe set by the regulating body, and your financial advisor is registered with the Financial Conduct Authority, you can inform the Financial Ombudsman.
The Financial Ombudsman will independently review the cause for complaint and make a ruling. If the complaint is justified, a decision will be made on how to rectify the situation or financially compensate the client. This becomes legally binding as soon as it has been agreed on by the client, and the financial advisor and their firm must abide by the decision. The Ombudsman will also account for any trouble, annoyance, distress and inconvenience caused to the client during the process, and set the level of compensation proportionately.
Financial advice can be provided in Westbury and also in: Dilton Marsh, Chalford, Berkley, Westbury Leigh, Old Dilton, Hawkeridge, Salisbury, Frome Market, Upton Scudamore, North Bradley, Yarnbrook, Standerwick, Heywood, Bratton, Warminster, and in these postcodes BA13 3BU, BA13 3DY, BA13 3LB, BA13 3DJ, BA13 3GB, BA13 3ED, BA13 3BQ, BA13 3NG, BA13 3JH, BA13 3AS. Local Westbury financial advisors will most likely have the postcode BA13 and the phone code 01373.
Wiltshire Financial Advice Enquiries
Recent Wiltshire financial advice enquiries: Isaac Rixon and Fearne Rixon from Kington Langley, Wiltshire recently enquired about financial planning. Mr and Mrs Berry from Codford St Peter recently asked for information on investment bonds. Eric Nicholson from Bremhill, Wiltshire recently asked for information on mortgages. Mckenzie Clark and Aarya Clark from Bulford Camp, Wiltshire recently asked for information on equity release. Braydon Aitchison and Kimberly Aitchison from Ludgershall, Wiltshire recently enquired about investment advice. Amelia-Grace English and Ivan English from Wootton Bassett recently asked for information on offshore investments. Lilah and Roscoe Rogers from Rowde recently enquired about offshore investments. Julian Clay and Esther Clay from Redlynch recently asked for information on family income benefit.
Westbury Financial Advice Services
There are a wide array of services which can be provided by your local Westbury financial advisor including cheap financial advice, cash flow modelling, investment plans, cashflow analysis, independent financial advice in Westbury, pension plans in Westbury, general financial planning, pension planning Westbury, portfolio management, corporate financial planning in Westbury, trustee investment services, pension consolidation advice Westbury, annuity purchases, financial services Westbury, investment advice, equity release in Westbury, inheritance tax planning, ISA's, bridging finance, investment planning, mutual funds, financial planning, wealth management & investments in Westbury, long term care fee planning in Westbury, life insurances, and lots more.
Financial Advisors Near Westbury
Also: Yarnbrook financial advisors, Bratton financial advisors, Salisbury financial advisors, Heywood financial advisors, Frome Market financial advisors, Old Dilton financial advisors, Berkley financial advisors, Standerwick financial advisors, North Bradley financial advisors, Dilton Marsh financial advisors, Upton Scudamore financial advisors, Hawkeridge financial advisors, Chalford financial advisors, Westbury Leigh financial advisors, Warminster and more.
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Financial Advisors Around Westbury: In Fore Street, Phoenix Rise, Brunel Close, Doggetts Lane, Silbury Close, Indigo Gardens, Bitham Hill, Upland Rise, Bridge Court, Percheron Place, Dene Close, Coach Road, Dorney Close, The Tynings, Summer Road, Hospital Road, Fell Road, Gibbs Close, Springfield Road, Green Lane, Cheyney Walk, Leigh Road, Bremeridge Road, Audley Gate, Field Close, Bashkir Road, Penleigh Road, Maristow Street, The Knoll, as well as the following Westbury area postcodes: BA13 3BU, BA13 3DY, BA13 3LB, BA13 3DJ, BA13 3GB, BA13 3ED, BA13 3BQ, BA13 3NG, BA13 3JH, BA13 3AS, people have recently needed financial advice.
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More Wiltshire Financial Advisors: More Melksham, Chippenham, Westbury, Trowbridge, Marlborough, Devizes, Corsham, Calne, Bradford-on-Avon, Warminster, Wootton Bassett, Swindon, Salisbury, Tidworth and Amesbury.:
Independent financial advisor in BA13 area, (dialling code 01373).
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