Financial Advisers Bangor

Financial Advisers Bangor Northern Ireland: It can be an intimidating experience trying to find a decent financial adviser adviser in the Bangor area, especially if it is the first time that you're needing financial advice. Whether it's pension, investments, mortgage or even insurance guidance that you are looking for, there's one common rule for all financial advisers; they all have to abide by Financial Conduct Authority (FCA) regulations. Any advice given by a FCA authorised financial adviser in Bangor comes with certain guarantees that should anything go wrong, you can get in touch with the Financial Ombudsman or the Financial Services Compensation Scheme.

When picking a financial adviser in Bangor, a decent starting point could be friends and family, however you must bear in mind that your situation might not be in line with theirs, and you might need a different kind of advice. Every financial adviser is not suitable for everybody, and their advice should be adapted to your specific circumstances. Selecting the right financial adviser is vital and it is wise to speak to at least 3 different companies in order to explore the options they provide, and to find one that you can trust and feel at ease with.

When it comes to picking a financial adviser in Bangor, there are essentially 2 main types; restricted advisers and independent financial advisers (IFA). The benefit of using an IFA is that they won't be restricted to a single company's services and products, and can offer a wider range of options. Covering the whole gamut of financial products and companies, independent financial advice should be offered in an unbiased and impartial way to clients. Using an IFA should permit you to choose from the widest possible array of products. A restricted adviser could be involved with a single product, such as a mortgage adviser, or be limited to services and products from one particular provider.

The FCA requires that any Bangor financial adviser must tell you about their charges, before accepting you as a client. You may be charged by the hour, a set fee or even a proportion of your investment value, based upon product you're looking for. To discuss your aims and find out if the adviser is a right fit for you and your circumstances, you will sometimes be offered the possibility of a free preliminary consultation. If you use one of the bigger Bangor companies, your account might be looked after by a team of advisers rather than just one person.

To summarise your financial situation and objectives to the advising company, you will be asked to fill in a "Fact Find" form, which is a confidential disclosure document. An Initial Disclosure Document, or Key Facts Document will also be given to you, providing information on the financial advisers themselves, detailing their range of permissions in the financial arena and their situation for offering independent or restricted advice. This document should also lay out your rights and the options you can take if you're not satisfied with the service, and would like to make a complaint. It has to be written in plain language and describe what you're committing yourself to, and any potential benefits and risks should you opt to go along with the advice offered. This document should also inform you of the level of cooling-off period. Within a specific number of days, this makes it possible for you to cancel the contract.

Ensure that you check the qualifications and experience of the financial adviser when you first talk to them. Asking these questions should never be a cause for embarrassment, because after all you are about to entrust them with your financial future. Every Bangor financial adviser must present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. If your adviser's name doesn't show up on the Financial Services Register, you should not freak out, the company the individual works for will almost certainly be on the register and their personnel will be covered by the regulations. If they are unable to supply these accreditations, the person cannot offer advice but only financial guidance. Guidance is not subject to regulations in the same way as financial advice, meaning that if errors arise neither party will have any recourse.

If it's investing money that you're interested in, the adviser will need to know the level of risk you might be ready and able to accept with your hard-earned cash. Substantial rewards might be possible with high risk investments, but you could also lose all or some of your cash. Decent investment and financial advice will take you savings goals into consideration, i.e. long or short term investments, how much you wish to invest and how quickly you need to access your funds. One question you should ask yourself, which is frequently neglected, is how much money you can afford to lose. This is known as your capacity for loss and may influence the services and products that could be offered for your consideration.

You need to let your financial adviser know about any existing savings accounts, regular outgoings, investments or mortgages. They will need these details, so they can get a picture of your financial situation and give the best advice for you. Reliable financial advice should include diversifying your savings and investments by spreading the risk across various different products. With a knowledge of the best areas to consider, a competent financial adviser will focus attention on products that fit in with your goals and financial situation.

Your financial adviser will attempt to communicate in the clearest possible way, while throwing open the multifaceted world of finance. This will help you to compare products and services which meet your needs, and make an informed decision. You could even ask your financial adviser only to choose ethical investments and savings. You will then be able to avoid firms that companies meet your standards, but instead lend your support to those enterprises and firms that match your concerns, for instance renewable energy or zero carbon.

It isn't that easy to have a close working relationship with a financial adviser in Bangor without this impacting work and other obligations. To allow you to get advice at a time to suit you, one-on-one appointments can be backed up with video conferencing and telephone calls. An established financial advice company in Bangor will have strict measures in place to keep your details secure and confidential, even if you hardly ever have a one-to-one meeting with your personal adviser, because remote and home working is now so common.

COMPLAINTS

You must bear in mind that the financial world is an unpredictable sector, and investment values could just as easily go down as well as up. It can be quite worrying and demoralising if your investment isn't making as much money as you were hoping for. A downward spiraling of your investment is not seen as a grounds for complaint, unless your financial adviser has given you misleading or wrong information.

Any disputes should start out with the company's official complaints procedure as indicated in the Key Facts Document. If your adviser is a member of the Financial Conduct Authority, you can let the Financial Ombudsman know about the matter if it is unresolved within the time-frame stipulated by the regulating body.

The Financial Ombudsman will make a ruling after reviewing the cause for complaint independently. A decision is made on how to financially compensate the client, if the complaint is justified. This will become a legally binding decision as soon as it has been accepted by the client, and the financial adviser and their company must abide by the ruling. Any compensation set by the Ombudsman will also take into account any trouble, upset, distress and inconvenience caused to the customer during the process.

Financial advice can be provided in Bangor and also in: Llanberis, Llanfairfechan, Beaumaris, Tal-y-bont, Llandegfan, Port Penryn, Tregarth, Llandygai, Bethel, Caernarfon, Bethesda, Abergwyngregyn, Anglesey, Menai Bridge, Llanllechid, and in these postcodes BT19 1NU, BT19 1HE, BT19 1NT, BT19 1DU, BT19 1HX, BT19, BT19 1FY, BT19 1HF, BT19 1EY, BT19 1PZ. Locally based Bangor financial advisers will probably have the postcode BT19 and the telephone code 028. Verifying this will make certain that you are accessing locally based financial advisers. Bangor homeowners will be able to benefit from these and many other similar services.

Bangor Financial Advice Services

There are a number of different services which are provided by your local Bangor financial advisor including bridging finance, income protection in Bangor, business protection Bangor, life assurance advice, financial analyst services Bangor, retirement planning in Bangor, family income benefit, death benefit advice in Bangor, life insurances, multi-asset portfolios, portfolio management, offshore investment advice in Bangor, critical illness cover Bangor, corporate bonds, investment plans, annuities, business financial planning, will writing services, financial planning Bangor, personal financial planning, cash flow modelling, investing an inheritance, pension advice, pension transfer advice, cashflow planning Bangor, inheritance tax planning, mutual funds Bangor, divorce financial planning, ethical investment advice in Bangor, investment bonds, and more. These are just a selection of the tasks that can be carried out by local financial advisers. Bangor professionals will be delighted to keep you abreast of their entire range of services.

Day to Day Duties for a Financial Advisor

• Talking to clients regarding their plans and finances.
• Meeting targets for sales and performance.
• Producing financial reports.
• Constantly updating clients regarding their investments.
• Recommending the financial products that are best-suited to customers.
• Working with associates to obtain trends, statistics and market information.
• Keeping abreast of new products and regulation changes.
• Negotiating with providers of financial products.
• Providing consultation, counselling and education regarding investments and finances.
• Maintaining detailed records of customers and transactions.

Skills and Knowledge Required by a Financial Advisor

• An outstanding level of maths knowledge for building financial strategies.
• To have a flexible approach to work.
• Attentive listening skills.
• Effective customer service skills for establishing client requirements.
• The ability to sell products and services.
• To be able to network and establish relationships with clients.
• Excellent skills in verbal communication.
• Excellent management skills for negotiating product fees.
• To pay attention to detail and be thorough.
• To have good IT skills.
• A thorough knowledge and understanding of economics and accounting relating to financial products and markets.

Financial Advisers Near Bangor

Also find: Llandygai financial advisers, Anglesey financial advisers, Bethesda financial advisers, Llanberis financial advisers, Llanllechid financial advisers, Beaumaris financial advisers, Llandegfan financial advisers, Tregarth financial advisers, Llanfairfechan financial advisers, Port Penryn financial advisers, Bethel financial advisers, Tal-y-bont financial advisers, Abergwyngregyn financial advisers, Caernarfon financial advisers, Menai Bridge financial advisers and more. All of these places are serviced by local financial advisers. Bangor residents can get financial advice quotes by going here.

Bangor Financial Advice Services

Find Financial Advisers in Bangor Here

• Bangor Tax Advice
• Bangor Pension Advice
• Bangor Investment Advice
• Bangor Cashflow Analysis
• Bangor Corporate Financial Advice
• Bangor Trustee Investments
• Bangor Inheritance Advice
• Bangor Financial Advice
• Bangor Wealth Management
• Bangor Financial Advice Quotations
• Bangor Cheap Financial Advice
• Bangor Mortgage Advice
• Bangor Financial Services
• Bangor Estate Planning

Financial Advisors Around Bangor: In Cranley Mews, Talbot Park, Silverstream Drive, Bexley Parks, Toscana Park, Moira Park, Perry Park, Summerhill Gardens, Springfield Road, Glenariff Park, Roseville Apartments, Dam Road, Rossdowan Court, Lineybrook Cottages, Bexley Mews, Crawfordsburn Close, Innisfayle Avenue, Sandhurst Park, Ballyvester Grove, Clanmorris Square, Ranfurly Avenue, Ivyhill Crescent, Towerview Gardens, Sherwood Park, High Street, Lorelei, Hawthorne Court, Ballymacormick Drive, Park Avenue, as well as these Bangor area postcodes: BT19 1NU, BT19 1HE, BT19 1NT, BT19 1DU, BT19 1HX, BT19, BT19 1FY, BT19 1HF, BT19 1EY, BT19 1PZ, people have recently needed financial and investment advice. People living in these local areas recently needed help from a financial adviser. Bangor residents received competent and top quality financial services on every occasion.

To find local Bangor info take a look here

More Northern Ireland Financial Advisers: More Northern Ireland financial advisers: Bangor, Castlereagh, Newtownards, Derry, Ballymena, Newry, Coleraine, Newtownabbey, Belfast, Craigavon, Lisburn and Carrickfergus.

Independent financial advisers in BT19 area, and dialling code 028.

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