Financial Advisor Woking Surrey (GU18, GU19 and GU21): Finding a reliable independent financial advisor in the Woking area can be a challenging experience, particularly if you're seeking financial advice for the very first time. Whether it's mortgage, investment, pensions or even insurance advice that you are looking for, there is one common rule for all financial advisors; they all have to adhere to Financial Conduct Authority regulations. This comes with certain guarantees, thus after getting advice from a FCA authorised financial advisor in Woking, you can seek reparation from the Financial Ombudsman or the Financial Services Compensation Scheme, if anything goes awry.
A good starting place when choosing a financial advisor in Woking could be relatives and friends, but keep in mind that the type of advice you're searching for might be different to theirs. Any advice they provide should be tailored to your unique situation, and not every financial advisor is suitable for everyone. To investigate the options that they can provide and find a financial advisor that you feel comfortable with and can trust, it pays to speak with at least three different firms, because selecting a financial advisor is a major decision.
There are 2 principal types of financial advisor in Woking; independent financial advisors (IFA) and restricted advisors. The advantage of using an independent financial advisor is that they should not be limited to the products and services of just one provider, and can offer a wider range of options. Encompassing the entire gamut of financial companies and products, independent financial advice should be offered in an impartial and unbiased way to clientele. Using an IFA should allow you to select from the broadest possible array of services. A restricted advisor could be tied to services and products from a specific company, or might even focus on a specific product, as can happen with a mortgage advisor.
Before accepting you as a client, any financial advisor must be transparent about their charges, as demanded by the Financial Conduct Authority. Although it varies dependant upon the kind of service you are looking for, there could be a set fee, an hourly rate, or you could even be charged a specific percentage of what you are investing. You will sometimes be offered the chance of a free first consultation to allow you to discuss your objectives and find out if the advisor is a good fit for you and your situation. Your account could be looked after by a team rather than a single advisor, if you opt to go with one of the bigger firms in Woking.
To describe your desired goals and financial situation to the advising firm, you will have to complete a "Fact Find" form, which is a confidential disclosure document. An Initial Disclosure Document, or Key Facts Document will also be given to you, to provide information about the financial advisors themselves, explaining the extent of their permissions in the financial arena and their status to offer restricted or independent advice. This document should also lay down your own rights and the possible options you can take if you're not happy with the service provided, and need to complain. It must be simple to understand, written in plain English, and describe exactly what you are committing yourself to, together with the risks and benefits of accepting the proffered advice. You can find the level of cooling-off period in this document. This makes it possible for you to change your mind within a certain number of days, and cancel the contract with your financial advisor.
The very first time you're 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're about to entrust them with your financial future. All financial advisors in Woking must hold at least a Level 4 qualification and be able to present an annual Statement of Professional Standing. You should not panic if your particular financial advisor's name does not show up on the Financial Services Register, providing the firm is on the register, their personnel are covered by the legislation. The individual may still offer financial guidance as opposed to advice, if these can't be presented. In financial terms guidance is different to advice and isn't regulated. Therefore there's no recourse for either party if errors arise.
You will be asked the amount of risk you're ready and able to take on, if you are seeking advice on investments. Better rewards might be possible with high risk investments, however you stand a greater chance of losing all or some of your funds. Your savings objectives will need to be taken into account if decent financial and investment advice is to be given, i.e. how much you have to invest, long or short term investments and how rapidly you need access to your money. One question you should ask yourself, which is frequently overlooked, is just how much money you can actually afford to lose. Generally referred to as your capacity for loss, this will most likely have an effect on services and products that you're offered.
Right from the start, it's important to tell your financial advisor about any regular outgoings, investments, mortgage loans or savings that you currently have. To make certain that you get the most suitable advice for you, they need a clear and full picture of your financial situation. Reliable financial advice should allow for diversifying your investments and savings by spreading the risk across different products. A professional financial advisor in Woking will have the knowledge of the best areas to consider, which match your goals and your financial situation.
Communicating in the clearest possible way, your financial advisor will unmask the multifaceted world of finance and investment. After learning about the services and products which meet your needs, you should be able to make an informed and considered decision. If you are mind is firmly on the environment, you could even ask your financial advisor to stick to ethical investments and savings. You can then keep away from firms that corporations meet your criteria, and instead lend your support to those organisations and firms that match your concerns, for instance zero carbon or renewable energy.
Working closely with a financial advisor in Woking can be challenging to fit in around your work life and other responsibilities. To allow you to get advice at a time to suit you, face-to-face appointments can be supplemented with video conferencing and phone calls. A competent financial advice company in Woking will have rigorous measures in force to keep your details confidential and secure, even if you hardly ever have a one-to-one meeting with your personal advisor, because home and remote working is now so common.
Investments can be a volatile area, and values can go down as well as up. If it happens that your investment isn't making as much money as you were hoping for, it can be a very disheartening and stressful time. Your investment having a downward trend is not a recognised cause for complaint, unless your advisor has given you misleading or incorrect information.
Any complaints should commence with the company's complaints procedure as indicated in the Key Facts Document. You can inform the Financial Ombudsman of the problem if it is unsolved within the time-frame set out by the regulating body, and your financial advisor is registered with the Financial Conduct Authority.
The Financial Ombudsman will look into the cause of the complaint and come to a decision. If it's found that the complaint is justified, a decision will be made on how the customer can be compensated or the situation rectified. This becomes a legally binding decision once it has been accepted by the customer, and the financial advisor and their firm must comply with the decision. Any compensation fixed by the Ombudsman will also take into account any trouble, annoyance, distress and inconvenience caused to the client during the process.
Financial advice can be provided in Woking and also nearby in: Sheerwater, Mayford, Stonehill, Addlestone, Ottershaw, Pyrford, Chobham, Maybury, Knaphill, Send, Old Woking, West Byfleet, Goldsworth Park, Horsell, Mimbridge, Woodham, Wisley, Hook Heath, together with these postcodes GU21 3AQ, GU21 3RS, GU21 3HZ, GU21 3JX, GU18 5WQ, GU21 3RJ, GU21 3JB, GU21 3QF, GU21 3BG, GU21 3HT. Locally based Woking financial advisers will most likely have the postcode GU18, GU19 and GU21 and the dialling code 01483. Simply click on the "enquiry" form or banner to get info on financial advisors in your location.
Woking Financial Advice Services
There is a wide range of services that are provided by your local Woking financial advisor including personal financial planning Woking, inheritance tax planning, annuity purchases, pension consolidation advice Woking, offshore investment advice in Woking, cashflow analysis, pension advice in Woking, corporate financial planning, bridging finance in Woking, financial planning, cheap financial advice Woking, trustee investment services, investment planning, ethical investments, divorce planning in Woking, retirement planning in Woking, pension transfers in Woking, ISA's, portfolio management Woking, investment bonds, tax planning, will writing services in Woking, equity release advice, cash flow modelling Woking, independent financial advice, and lots more.
Financial Advice Enquiries Surrey
The latest Surrey financial advice enquiries: Trinity and Lincoln Shearer from Oxshott recently asked for information on life assurance. Chanel and Saul Moreno from Langley Vale recently asked for information on family income benefit. Mr and Mrs Pope from Earlswood, Surrey recently enquired about pension advice. Zack and Daniella Appleton from Compton, Surrey recently asked for information on family income benefit. Brogan Busby from Godalming, Surrey recently enquired about investment bonds. Thomas Wiltshire and Olivia Wiltshire from Witley recently asked for information on pensions. Sapphire and Tomas Butler from Nutfield, Surrey recently enquired about getting financial advice. Nicholas and Esmee Conroy from Deepcut recently enquired about investment advice.
Financial Advisors Near Woking
Also: Horsell financial advisors, Ottershaw financial advisors, Old Woking financial advisors, Send financial advisors, West Byfleet financial advisors, Chobham financial advisors, Woodham financial advisors, Hook Heath financial advisors, Stonehill financial advisors, Mayford financial advisors, Addlestone financial advisors, Sheerwater financial advisors, Maybury financial advisors, Knaphill financial advisors, Goldsworth Park financial advisors, Pyrford financial advisors, Mimbridge financial advisors, Wisley and more.
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Independent financial advisor in GU18, GU19 and GU21 area, phone code 01483.
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