Financial Advisor Westhoughton Greater Manchester (BL5): If you are in search of financial advice for the first time, trying to locate a reliable independent financial advisor in the Westhoughton area can be an intimidating experience. Nevertheless, all qualified financial advisors have one thing in common; they all have to stick to the regulations set by the FCA (Financial Conduct Authority), regardless of whether you are after mortgage, investments, pensions or even insurance advice. The benefit of this is that should a financial advisor who is FCA approved give you poor advice, and anything goes awry, you have guarantees, and are able to get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get it put right.
A decent starting point when picking a financial advisor in Westhoughton may be neighbours and friends, but keep in mind that the sort of advice you're looking for might be significantly different to theirs. Every financial advisor isn't suitable for everybody, and their advice should be adapted to your specific situation. It pays to chat to at least three different companies when you are selecting a financial advisor, as this is a big decision, and you'll be looking to find one that you can trust and feel at ease with, and at the same time investigate the various options they can provide.
There are 2 main types of financial advisor in Westhoughton; independent financial advisors (IFA) and restricted advisors. An IFA won't be confined to a single provider's services and products. Independent financial advice must be provided in an unbiased way and across the entire spectrum of financial companies and products. If you opt to use an IFA, you will be able to select from the broadest possible range of services, so as to find the perfect solution for you. If you use a restricted financial advisor you'll find that they could be limited to products and services of a single provider, or as with a mortgage advisor, may only be involved with one solitary product.
Before any financial advisor in Westhoughton takes you on as a client, they are required by the Financial Conduct Authority to fully discuss their charges with you. You might be charged a set fee, by the hour or even a specific percentage of your investment, based upon services you're interested in. You might be offered a free first consultation to enable you to discuss your aims and see if the advisor is a right fit for you and your circumstances. If you go with one of the bigger Westhoughton companies, your account could be managed by a team of advisors rather than a single person.
You'll need to complete a "Fact Find" form, which is a confidential disclosure document relating your financial situation and ambitions to the advising firm. You should also be handed an Initial Disclosure, or Key Facts Document, which provides details of the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial market. This document should also set down your rights and your options if you are not happy with the service, and want to complain. It has to be written in plain English and outline what you're signing up for, and any potential risks and benefits that exist if you opt to accept the offered advice. The cooling-off period should also be fully explained in this document. This permits you to cancel your agreement within a specific number of days, and whenever any penalties have to be paid.
When chatting with the financial advisor initially you need to check their qualifications and experience. After all you are about to entrust your financial wellbeing to their expertise, so you must not be self-conscious about asking such questions. A Level 4 qualification is the minimum certification for any Westhoughton financial advisor, and they also have to be able to show an annual Statement of Professional Standing. You don't need to freak out if your particular financial advisor's name does not appear on the Financial Services Register, so long as the firm is on the register, their advisors are covered by the legislation. If they're unable to supply these accreditations, the individual cannot offer advice but is able to offer financial guidance. In financial terms guidance differs to advice and is not regulated. Therefore there is no recourse for either party if mistakes arise.
If you are seeking advice on investing money you'll be asked the amount of risk you are comfortable with. Larger rewards could be possible with higher risk investments, but you may also lose some or all of your money. In order to get the most beneficial financial and investment advice, your savings objectives must be carefully considered, i.e. how much you wish to invest, how quickly you need to access your funds and long or short term investments. "How much can you truly afford to lose?" Is the one crucial question that you really need to ask yourself. Referred to as your capacity for loss, this will quite likely have an effect on products and services that you're offered.
If you already have any current regular outgoings, mortgage loans, investments or savings, you'll want to let your financial advisor know about these. This gives a clear and full picture of your financial situation, without which the advice given might not be the best for you. Good quality financial advice should include diversifying your investments and savings by spreading the risk across a range of different products. So as to reflect your financial situation and goals, a seasoned financial advisor in Westhoughton will have the knowledge of the best areas to consider.
A financial advisor will unmask the complex world of finance, and try to converse in the clearest possible way. This will allow you to compare services and products which match your needs, and come to an informed decision. If the environment is important to you, you could ask that ethical investment and savings schemes take top priority. This not only provides you with investment opportunities, but also allows you to support renewable energy or zero carbon projects, and avoid companies that don't share the same values as you.
It could prove difficult to manage your work life and other commitments around working closely with a financial advisor in Westhoughton. This can be alleviated by supplementing one-on-one appointments with video conferencing and phone calls, therefore allowing you to seek the advice you need at a convenient time. Remote and home working is now a large part of our society, and any experienced financial advice firm in Westhoughton will have stringent measures in force to ensure your details are kept secure and confidential, even if you never have a one-on-one meeting with your personal advisor.
Investment values could go down as well as up, and this is a factor that you must always bear in mind. If it just so happens that your investment is not making as much money as you were hoping for, it can be an extremely demoralising and worrying time. A downward trend in your investment isn't a recognised basis for complaint, unless your financial advisor has supplied you with incorrect or misleading information.
As outlined in the Key Facts Document, any grievances should start with the firm's official complaints procedure. If the problem remains unresolved within the time period laid down by the regulating authority, and the financial advisor is registered with the FCA, you can notify the Financial Ombudsman.
After looking into the cause for complaint, the Financial Ombudsman will make a ruling on the issue. A decision is made on how to financially compensate the customer, if the complaint is upheld. This will become legally binding as soon as it has been agreed on by the client, and the advisor and their firm must comply with the decision. Any annoyance, inconvenience, distress and trouble caused to the client during the dispute, will be taken into account when the Ombudsman establishes the level of compensation.
Financial advice can be provided in Westhoughton and also in: Over Hulton, Cooper Turning, Wingates, Hart Common, Hindley, Lostock, Daisy Hill, Dob Brow, Dobb Brow, Bolton, Chequerbent, Chew Moor, Aspull, Hindley Green, Pennington Green, and in these postcodes BL5 2LD, BL5 2LQ, BL5 2EF, BL5 2GU, BL5 2DN, BL5 2PB, BL5 2JR, BL5 2PT, BL5 2HU, BL5 2DE. Locally based Westhoughton financial advisors will probably have the postcode BL5 and the phone code 01942. Click the "enquiry" form or banner to get details about financial advisors in your area.
Financial Advice Enquiries Greater Manchester
Latest Greater Manchester financial advice enquiries: Martin Clayton from Ramsbottom recently asked for information on life assurance. Zachary and Harriett Rice from Chew Moor recently asked for information on investment bonds. Una Goodman and Harper Goodman from Wardle recently enquired about investment advice. Rosie Walmsley and Frederick Walmsley from Rhodes, Greater Manchester recently enquired about mortgage advice. Rory and Vivienne Gibson from South Turton, Greater Manchester recently enquired about pension advice. Maxwell Connor and Leona Connor from Kearsley recently asked for information on financial planning. Tillie and Ruairi Dyson from Wardle recently asked for information on mortgages. Brayden Dodd and Delilah Dodd from Hazel Grove recently enquired about mortgage advice.
Westhoughton Financial Advice Services
There are a whole host of services that can be provided by your local Westhoughton financial advisor including annuities in Westhoughton, personal financial planning, cashflow analysis Westhoughton, stakeholder pension advice, divorce financial planning, pension plans, independent financial advice, will writing services in Westhoughton, income protection, retirement planning, mortgage financial planning, financial planning in Westhoughton, life insurance, financial advice services Westhoughton, bridging finance Westhoughton, tax financial planning, investment planning, trustee investment services, mutual funds, corporate financial planning Westhoughton, portfolio management, pension drawdowns in Westhoughton, cash flow modelling Westhoughton, annuity purchase in Westhoughton, ISA's, and lots more.
Greater Manchester Financial Advisors
Around Greater Manchester you can also get: Saddleworth investment advice, Ramsbottom financial advice, Tottington investment advice, Bickershaw financial advice, Mossley financial advisors, Standish investment advice, Horwich financial advice, Irlam financial advice, Simister financial advisors, Winstanley financial advisors, Cheadle financial advisors, Hawkshaw investment advisors, Littleborough investment advisors, Bradshaw investment advice, Saddleworth investment advisors, Littleborough investment advice, Hollingworth investment advice, Summit investment advice, Norden financial advisors, Hale Barns investment advice, Hazel Grove investment advisors, Winton financial advisors, Tyldesley financial advisors, Prestwich financial advice, Hattersley investment advice, Lees financial advisors, Higher Folds financial advice, Standish financial advisors, Mossley financial advice.
A Financial Advisor's Regular Tasks
- Financial advisors meet sales and performance targets.
- Financial advisors keep a record of customers and transactions.
- Financial advisors update customers concerning their investments.
- Financial advisors collaborate with financial product providers.
- Financial advisors work together with their peers to obtain market information, trends and statistics.
- Financial advisors provide consultation, counselling and education with regards to investments and finances.
- Financial advisors produce comprehensive financial reports.
- Financial advisors recommend the best-suited financial products to their customers.
- Financial advisors keep fully abreast of new products and regulation changes.
- Financial advisors chat with customers about their plans and finances.
Financial Advisors Near Westhoughton
Also: Over Hulton financial advisors, Cooper Turning financial advisors, Hart Common financial advisors, Chequerbent financial advisors, Chew Moor financial advisors, Bolton financial advisors, Daisy Hill financial advisors, Wingates financial advisors, Hindley Green financial advisors, Lostock financial advisors, Pennington Green financial advisors, Hindley financial advisors, Dobb Brow financial advisors, Dob Brow financial advisors, Aspull and more.
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Financial Advisors Around Westhoughton: In Heatley Gardens, Park Meadow, Wilbraham Street, Dodd Lane, Coppice Close, Kings Street, Highbury Close, Ash Grove, Snydale Way, Cornergate, Captain Lees Road, Eatock Way, Peter Street, Higher Damshead, Lostock Road, Alma Road, James Street, Aireworth Street, Hewlett Street, Alexandria Drive, Greystone Close, Market Street, Bramble Croft, Rayden Crescent, Richard Gwyn Close, Inworth Close, Southover, Balfern Close, as well as the following Westhoughton area postcodes: BL5 2LD, BL5 2LQ, BL5 2EF, BL5 2GU, BL5 2DN, BL5 2PB, BL5 2JR, BL5 2PT, BL5 2HU, BL5 2DE, folks have just recently needed financial advice.
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Independent financial advisor in BL5 area, and dialling code 01942.
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