Financial Advisers Burntwood

Financial Advisers Burntwood Staffordshire: It can be a challenging experience trying to locate a first-rate independent financial adviser in Burntwood, especially if it's the very first time that you're seeking financial advice. Nevertheless, all financial advisers are bound by one common rule; they must all conform to the regulations of the Financial Conduct Authority, whether you're looking for pensions, mortgage, investments or even insurance advice. The benefit of this is that if a financial adviser who is FCA approved gives you poor quality advice, and things go awry, you've got guarantees, and are able to go to the Financial Services Compensation Scheme or the Financial Ombudsman to get it put right.

A good starting place when picking a financial adviser in Burntwood could be relatives and friends, but remember that the type of advice you're looking for might be different to theirs. Every financial adviser isn't suitable for everybody, and any advice they provide should be personalised to your particular circumstances. Selecting a financial adviser is a big decision and it is a good idea to chat to at least 3 different firms in order to investigate the options they provide, and to find one that you can trust and feel at ease with.

Restricted advisers and independent financial advisers (IFA), are the two main kinds of financial adviser in Burntwood. The benefit of using an IFA is that they will not be confined to the services and products of a single company, and can offer a more diverse range of options. Independent financial advice must be offered in an honest and unbiased way and should cover the entire spectrum of financial companies and products. Using an independent financial adviser should allow you to pick from the broadest possible array of services. A restricted financial adviser could be limited to services and products from a specific company, or may even concentrate on a single product, as in the case of a mortgage adviser.

Before any financial adviser takes you on as a client, they are required by the FCA to be transparent about their charges. Subject to the services you're interested in, you could be charged by the hour, a set fee or maybe even a proportion of your investment. To allow you to discuss your objectives and determine whether the adviser is a good fit for you and your situation, you will sometimes be offered the chance of a free preliminary consultation. If you use one of the bigger Burntwood companies, your account could be looked after by a team of advisers rather than just one individual.

Before any actual financial advice is handed out you'll be required to fill in a confidential disclosure document, known as a "Fact Find" form, which informs the advising firm about your financial situation and objectives. To provide information on the financial adviser, their status to offer restricted or independent advice and the extent of their permissions in the financial sector, you will also be handed an Initial Disclosure, or Key Facts Document. This document will also set down your legal rights and the possible options you can take if you aren't happy with the service provided, and want to make a complaint. It should outline what you're committing yourself to, and any potential risks and benefits should you opt to take the offered advice, and it has to be laid out in plain English. The Key Facts Document should also inform you about the allowed cooling-off period. This allows you to cancel the agreement within a specific time frame, and if any penalty charges have to be paid.

The first time you are speaking to the financial adviser you need to check what experience and qualifications they have. Asking such questions should not be a cause for embarrassment, because after all you're entrusting them with your financial wellbeing. A Level 4 qualification in financial advice is the minimum required qualification for any Burntwood financial adviser, and they must also be able to show an annual Statement of Professional Standing. When checking the Financial Services Register, you shouldn't panic if your particular adviser's name does not appear on there; you will probably locate the company name, and that means the legislation covers all of their staff. If they're not able to supply this evidence, the individual cannot offer advice but is able to offer financial guidance. Guidance isn't subject to regulations in the same way as financial advice, meaning that if errors are made neither party will have any recourse.

If it is investments that you're interested in, your adviser will need to know the amount of risk you are willing and able to take with your hard-earned money. Many investments carry some element of risk, but high risk investments may offer larger rewards, but also more chance of losing your cash. Your savings aims should be considered if decent investment and financial advice is to be given, i.e. how much you wish to invest, how quickly you need access to your money and long or short term investments. The one question that you should ask of yourself, which is usually neglected, is just how much money you can really afford to lose. This could influence the services and products that could be offered for your consideration, and is generally known as your capacity for loss.

From the outset, it's imperative that you let your financial adviser know about any existing mortgage loans, investments, personal savings or regular payments that you have. This should give a clear and full picture of your current financial circumstances, and without this the advice you are given may not be the best for you. Spreading the risk across a number of different products through the diversification of your investments and savings, is something that good quality financial advice should allow for. A professional financial adviser in Burntwood will be aware of the best products to consider, which match your financial situation and your goals.

Communicating in the clearest way possible, your financial adviser will unveil the multifaceted world of investment and finance. After learning about the products and services which meet your needs, you should be in a position to come to an informed and calculated decision. You can perhaps ask your financial adviser only to include ethical savings and investments. This not only provides you with investment opportunities, but also allows you to lend your support to renewable energy or zero carbon projects, and stay away from companies and businesses that do not share the same values.

Working closely with a financial adviser in Burntwood can be tricky to fit in around your work life and other responsibilities. To allow you to get advice at times that suit you, face-to-face meetings can be augmented with video conferencing and telephone. A professional financial advice firm in Burntwood will have rigorous measures in place to keep your details confidential and secure, even if you rarely have an in-person meeting with your personal adviser, because home and remote working is no longer unusual.

COMPLAINTS

Investments can go down as well as up, as the financial world can be unpredictable. It can be very stressful and frustrating if your investment is not making the amount of money you hoped for. However, unless it's owing to misleading or wrong information from your adviser your investment having a downward trend isn't a recognised cause for complaint.

As laid out in the Key Facts Document, any disputes should start out with the company's complaints procedure. If your financial adviser is registered with the FCA, you can inform the Financial Ombudsman of the matter if it is unresolved within the time period stipulated by the regulating body.

After reviewing the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. If it is established that the complaint is justified, a decision will be made on how the customer can be compensated or the situation rectified. Once the ruling is accepted by the client it becomes a legally binding decision that the financial adviser and their firm, must abide by. Any distress, annoyance, hassle and inconvenience caused to the client during the dispute, will be taken into account when the Ombudsman sets the level of compensation.

Financial advice can be provided in Burntwood and also nearby in: Woodhouses, Burntwood Green, Wimblebury, Little Norton, Chasetown, Hednesford, Pipehill, Clayhanger, Cannock, Norton Canes, Heath Hayes, Brownhills, Longdon, Hammerwich, Chase Terrace, Lichfield, and in these postcodes WS7 1AE, WS7 0DL, WS7 0EZ, WS7 1LL, WS7 0HP, WS7 0DT, WS7 0EU, WS7 1LQ, WS7 0HL, WS7 0DY. Local Burntwood financial advisers will most likely have the telephone code 01543 and the postcode WS7. Checking this should make certain that you're accessing locally based financial advisers. Burntwood homeowners will be able to benefit from these and countless other comparable services.

Fundamental Skills for Financial Advisors

• Excellent customer service skills for finding out customer requirements.
• To have excellent IT skills.
• To have the ability to listen attentively
• Excellent verbal communication skills.
• A thorough knowledge of economics and accounting associated with financial markets and products.
• To pay attention to detail and be thorough.
• The ability to promote financial products and services.
• To have the ability to network and build solid relationships with customers.
• To be target driven.
• Good management skills for the negotiation of product fees.
• A competent level of numeracy for producing financial strategies.

The Day to Day Duties of a Financial Advisor

• Financial advisors thrash out advantageous deals with with financial product providers.
• Financial advisors produce detailed financial reports.
• Financial advisors meet sales and performance targets.
• Financial advisors provide counselling, consultation and education with regards to investments and finances.
• Financial advisors update customers concerning their investments.
• Financial advisors work in conjuction with associates to gather statistics, market information and trends.
• Financial advisors recommend the financial products that are best-suited to their clients.
• Financial advisors keep a record of potential clients and transactions.
• Financial advisors keep fully up to date with legislation changes and new financial products.
• Financial advisors speak to clients about their finances and plans.

Burntwood Financial Advice Services

There is a variety of services that can be provided by your local Burntwood financial advisor including trusts, tax planning, personal pensions, pensions in divorce, saving for children Burntwood, annuities in Burntwood, independent financial advice in Burntwood, bridging finance Burntwood, death benefits, pension reviews, income protection advice, equity release advice Burntwood, life insurance, savings advice, life assurance Burntwood, investment consolidation advice in Burntwood, pension drawdowns, stakeholder pensions, unit trusts in Burntwood, critical illness cover Burntwood, pension consolidation advice Burntwood, money planning Burntwood, multi-asset portfolios, cheap financial advice, financial planning, cashflow analysis, business protection, investing an inheritance Burntwood, pension transfers Burntwood, offshore investment advice in Burntwood, and lots more. Listed are just a handful of the duties that can be undertaken by local financial advisers. Burntwood professionals will tell you about their whole range of financial services.

Financial Advisers Near Burntwood

Also find: Hammerwich financial advisers, Chase Terrace financial advisers, Longdon financial advisers, Heath Hayes financial advisers, Pipehill financial advisers, Chasetown financial advisers, Clayhanger financial advisers, Norton Canes financial advisers, Wimblebury financial advisers, Lichfield financial advisers, Woodhouses financial advisers, Hednesford financial advisers, Brownhills financial advisers, Little Norton financial advisers, Burntwood Green financial advisers, Cannock financial advisers and more. All of these locations are serviced by local financial advisers. Burntwood residents can get financial advice price quotes by going here.

Burntwood Financial Advice Services

Find Financial Advisers in Burntwood Here

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Financial Advisors Around Burntwood: In the previous year financial advice was provided in these Burntwood streets: Coulter Lane, Deal Avenue, St Lukes Road, Burleigh Croft, Biddulph Park, Bracken Close, Columbian Crescent, Chapel Street, Davy Close, Chawner Close, Chorley Road, St Peters Road, Coppy Nook Lane, Chaucer Drive, Acorn Close, Boulton Close, Thornfield Crescent, Cannock Road, Coppice Close, Stapleford Gardens, Springlestych Lane, Cottage Lane, Burntwood Road, Burns Drive, Coulson Close, Brackenhill Road, and in these Staffordshire postcodes: WS7 1AE, WS7 0DL, WS7 0EZ, WS7 1LL, WS7 0HP, WS7 0DT, WS7 0EU, WS7 1LQ, WS7 0HL, WS7 0DY. Folks living in these areas recently requested help from a financial adviser. Burntwood residents benefited from trusted and competent financial services on each occasion.

More Burntwood Services: Obviously, when you happen to be looking at your finances in Burntwood, Staffordshire, you'll probably need all kinds of different services and as well as a financial adviser in Burntwood, Staffordshire, you might also need mortgage advice in Burntwood, family lawyers in Burntwood, accounting in Burntwood, bookkeeping in Burntwood, banruptcy lawyers in Burntwood, debt recovery & collection in Burntwood, contracts lawyers in Burntwood, wills & probate in Burntwood, investment advisors in Burntwood, mortgage brokers in Burntwood, tax preparation in Burntwood, property law & conveyancing in Burntwood, estate planning in Burntwood, business consulting in Burntwood, business financial planning in Burntwood, payroll services in Burntwood, solicitors in Burntwood, and other different Burntwood experts.

More Staffordshire Financial Advisers: More Staffordshire financial advisers: Burton-upon-Trent, Newcastle-under-Lyme, Rugeley, Burntwood, Fenton, Burslem, Uttoxeter, Cannock, Hednesford, Stone, Kidsgrove, Hanley, Stafford, Lichfield, Heath Hayes, Wombourne, Leek, Longton, Biddulph, Tamworth and Stoke-on-Trent.

To read local info about Burntwood, Staffordshire click here

Independent financial advisers in WS7 area, 01543.

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