Financial Advisers Cambridge

Financial Advisers Cambridge Cambridgeshire: Finding a reliable independent financial adviser in Cambridge can be an intimidating experience, particularly if you are seeking financial advice for the first time. However, all professional financial advisers have one thing in common; they must all adhere to the regulations set by the Financial Conduct Authority (FCA), regardless of whether you're searching for pensions, investments, mortgage or even insurance advice. The benefit of this is that if a financial adviser who is FCA approved gives you poor quality advice, and anything goes wrong, you've got guarantees, and are able to contact the Financial Services Compensation Scheme or the Financial Ombudsman to have it put right.

When picking a financial adviser in Cambridge, a decent place to start could be relatives and friends, but you must keep in mind that your circumstances may not be the same as theirs, and you may be in need of a different type of advice. Their advice needs to be personalised to your specific circumstances, and not every financial adviser is suitable for everybody. Selecting the right financial adviser is vital and it is wise to speak with at least three different companies so as to explore the options they offer, and to find one that you feel comfortable with and can trust.

When you're looking to pick a financial adviser in Cambridge, there are essentially two principal types; independent financial advisers (IFA) and restricted advisers. An IFA should not be confined to the services and products of just one company. Independent financial advice should encompass the full gamut of financial products and companies, and should be offered in an impartial way. If you choose to use an IFA, you will be able to select from the broadest possible range of products, in order to find the right solution for your needs. If you use a restricted financial adviser you will soon realise that they may be restricted to products and services of a particular company, or as with a mortgage adviser, may only be focused on one product.

The Financial Conduct Authority requires that any financial adviser in Cambridge must discuss their charges with you, before accepting you as a client. Although it varies depending on the type of product or service you are looking for, there could be an hourly rate, a set fee, or you could even be charged a slice of what you are investing. To discuss your objectives and determine whether the adviser is the correct fit for you and your circumstances, a free initial consultation may be offered. If you go with one of the larger Cambridge firms, your account may be managed by a team of advisers rather than a single individual.

To outline your financial situation and aims to the advising company, you will have to fill out a "Fact Find" document, which is a confidential disclosure form. To provide information on the financial adviser, their situation for offering independent or restricted advice and the scope of their permissions in the financial arena, you'll also be given an Initial Disclosure, or Key Facts Document. This document will also set down your own legal rights and the options you can take if you are not happy with the service provided, and want to complain. It should outline what you're signing up for, and any potential risks and benefits that exist if you opt to take the advice offered, and it should be set down in clear language. The level of cooling-off period should also be explained in this document. Within a specific number of days, this makes it possible for you to cancel your contract.

The first time you're speaking to your financial adviser you need to check what qualifications and experience they've got. You needn't be self-conscious about asking these questions, after all you are about to entrust your financial future to their expertise. A Level 4 qualification is the minimum certification for any financial adviser in Cambridge, and they must also be in a position to present an annual Statement of Professional Standing. You shouldn't stress if your particular adviser's name does not show up on the Financial Services Register, as long as the firm is on the register, their personnel will be covered by the regulations. If they are unable to present these accreditations, the person cannot offer advice but only financial guidance. In financial terms guidance is somewhat different to advice and is not regulated. Therefore there is no recourse for the client if financial blunders arise.

If you are seeking advice on investing money you will be asked the amount of risk you're willing to take on. High risk investments may potentially offer larger rewards, but some or all of your funds could be lost. Your savings aims will need to be carefully considered if decent investment advice is to be given, i.e. how rapidly you need access to your money, how much you wish to invest and long or short term investments. The one question that you should ask of yourself, which is often neglected, is how much money you can really afford to lose. This is referred to as your capacity for loss and could influence the services and products that may be offered for your consideration.

You need to tell your financial adviser about your current regular payments, savings accounts, investments or mortgages. They'll need this information, so that they can get a picture of your finances and give the best advice for you. Diversifying your investments and savings by spreading the risk load across various products, is an important part of reliable financial advice. A professional financial adviser in Cambridge will be aware of the best products to consider, which mirror your goals and your financial situation.

A financial adviser will open up the complex world of finance, and try to communicate in as much plain speech as possible. You should be in a position to come to an informed decision once you have learned about the various services and products which match your needs. You can even ask your financial adviser only to choose ethical savings and investment schemes. You will then be able to stay away from firms that corporations meet your requirements, but instead lend your support to those enterprises and companies that match your concerns, for example green energy or zero carbon.

Having constant interactions with a financial adviser in Cambridge could cause problems with your work life and other commitments. One-on-one meetings can be supplemented with video conferencing and phone calls to enable you to seek advice at a time to suit you. Even if you never have a one-to-one meeting with your adviser, an experienced financial advice provider in Cambridge will have rigorous measures in place to keep your details confidential and secure, because working from home and remote working is now a large part of our society.

COMPLAINTS

Investments can be an unpredictable area, and their values could fall as well as rise. If it happens that your investment fails to make the amount of money you were hoping for, it can be a stressful and demoralising time. However, except if it's due to misleading or incorrect information from your financial adviser, a downward spiraling of your investment isn't a recognised cause for complaint.

Any complaints should commence with the company's official complaints procedure as laid out in the Key Facts Document. If your adviser is a member of the Financial Conduct Authority, you can inform the Financial Ombudsman of the matter if it is unsolved within the timeframe stipulated by the regulating body.

The Financial Ombudsman will independently review the cause for complaint and come to a decision. A decision is made on how to rectify or financially compensate the customer, if the complaint is justified. This becomes legally binding once it has been accepted by the client, and the adviser and their company must comply with the decision. The Financial Ombudsman will also take into account any trouble, inconvenience, upset and distress caused to the client during the situation, and establish the level of compensation proportionately.

Financial advice can be provided in Cambridge and also in: Milton, Cherry Hinton, Newtown, Grantchester Meadows, Cottenham, Horningsea, Fen Ditton, Petersfield, Newmarket, Girton, St Neots, Chesterton, Grantchester, Teversham, Trumpington, together with these postcodes CB1 0BD, CB1 0HX, CB1 0WY, CB1 0PQ, CB1 0PP, CB1 0RL, CB1 0QD, CB1 0HG, CB1 0WX, CB1 0FA. Locally based Cambridge financial advisers will probably have the telephone code 01223 and the postcode CB1. Checking this will ensure you access locally based financial advisers. Cambridge homeowners will be able to utilise these and numerous other similar services.

Cambridge Financial Advice Services

There is a range of services which are provided by your local Cambridge financial advisor including unit trusts, saving for children, stakeholder pensions, personal pensions, personal protection, inheritance tax planning, long term care fee advice, ethical investment advice, critical illness cover, financial services Cambridge, will writing services, personal financial planning Cambridge, income protection advice, life assurance, family income benefit, pension consolidation advice, cashflow analysis, divorce financial planning in Cambridge, investing an inheritance, offshore investments Cambridge, corporate bonds, portfolio management Cambridge, pension transfer advice, tax advice, pension reviews, trusts, familt controlled trusts Cambridge, ISA's, pension planning, bereavement benefit advice Cambridge, and more. These are just a few of the duties that can be conducted by local financial advisers. Cambridge professionals will be delighted to keep you abreast of their whole range of services.

Essential Skills for a Financial Advisor

• An outstanding knowledge of accounting and economics with regard to financial markets and products.
• A competent level of maths knowledge for developing financial plans.
• To have the ability to network and establish solid relationships with clients.
• Excellent customer service skills for identifying customer needs.
• The ability to promote services and products.
• To have good IT skills.
• Effective business management skills for the negotiation of product fees.
• To have the ability to listen attentively
• To have excellent time management skills.
• To pay attention to detail and be thorough.
• Outstanding skills in verbal communication.

The Day to Day Duties of a Financial Advisor

• A financial adviser meets targets for performance and sales.
• A financial adviser makes deals with with providers of financial products.
• A financial adviser provides counselling, consultation and education regarding finances and investments.
• A financial adviser speaks to clients regarding their finances and plans.
• A financial adviser researches financial products and explains them simply and clearly to clients.
• A financial adviser keeps abreast of regulation changes and new products.
• A financial adviser maintains detailed records of transactions and customers.
• A financial adviser produces in-depth financial reports.
• A financial adviser continually updates clients regarding their investments.
• A financial adviser works together with colleagues to gather statistics, market information and trends.

Financial Advisers Cambridgeshire

Around Cambridgeshire you can likewise get: Eaton Socon financial advisors, Stapleford investment advice, Fordham financial advisers, Great Shelford financial advisors, Histon financial advisers, Swaffham Bulbeck financial advisers, Stapleford financial advisers, Woodditton financial advisers, Buckden investment advice, Bottisham financial advisors, Tydd St Giles financial advisers, Bottisham financial advisors, Bourn financial advisers, Duxford financial advice, Eaton Socon financial advice, Lode financial advisors, Duxford investment advice, Stretham financial advisors, Perry financial advisers, Whittlesford investment advice, Barrington investment advice, Great Paxton financial advice, Orwell financial advisers, Littleport investment advisers, Woodditton financial advisers, Wilburton investment advice, Yaxley investment advisers, Great Shelford investment advisers, Parson Drove investment advisers, Longstanton financial advisers.

Financial Advisers Near Cambridge

Also find: Trumpington financial advisers, Cottenham financial advisers, Grantchester Meadows financial advisers, Petersfield financial advisers, Girton financial advisers, Newtown financial advisers, Fen Ditton financial advisers, Horningsea financial advisers, Milton financial advisers, Grantchester financial advisers, Chesterton financial advisers, St Neots financial advisers, Cherry Hinton financial advisers, Teversham financial advisers, Newmarket financial advisers and more. Most of these towns and villages are serviced by local financial advisers. Cambridge residents can get quotations by going here.

Cambridge Financial Advice Services

Find Financial Advisers in Cambridge Here

• Cambridge Corporate Financial Planning
• Cambridge Trustee Investments
• Cambridge Mortgage Advice
• Cambridge Financial Services
• Cambridge Independent Financial Advice
• Cambridge Cheap Financial Advice
• Cambridge Cashflow Analysis
• Cambridge Inheritance Advice
• Cambridge Tax Advice
• Cambridge Estate Planning
• Cambridge Life Insurance Advice
• Cambridge Retirement Planning
• Cambridge Pension Advice
• Cambridge Wealth Management

More Cambridge Services: Obviously, whenever you are looking at your finances in Cambridge, Cambridgeshire, you will probably be in need of all sorts of different services and along with a financial adviser in Cambridge, Cambridgeshire, you may also need business consulting in Cambridge, debt recovery & collection in Cambridge, property law & conveyancing in Cambridge, accountants in Cambridge, family lawyers in Cambridge, estate planning in Cambridge, banruptcy lawyers in Cambridge, mortgage advice in Cambridge, tax preparation in Cambridge, payroll services in Cambridge, investment advisors in Cambridge, wills & probate in Cambridge, contracts lawyers in Cambridge, mortgage brokers in Cambridge, bookkeeping in Cambridge, business financial planning in Cambridge, solicitors in Cambridge, and other different Cambridge experts.

Financial Advisors Around Cambridge: In Bakery Close, Chatsworth Avenue, Anglers Way, Temple Close, Caribou Way, Duxford Road, Sterndale Close, Seymour Court, Chequers Court, Bentinck Terrace, Coniston Road, Ashvale, The Grove, St Marks Court, The Willows, Bendyshe Way, Toft Lane, Blackfriars, The Hemlocks, Denny End Road, Broadmeadows, Badgers Holt, Carlyle Road, Clare Close, Aylesborough Close, Ashley Court, Ashley Way, The Orchard, Bentinck Street, Adams Road, as well as these local Cambridge postcodes: CB1 0BD, CB1 0HX, CB1 0WY, CB1 0PQ, CB1 0PP, CB1 0RL, CB1 0QD, CB1 0HG, CB1 0WX, CB1 0FA, people have just recently needed financial and investment advice. People in these local areas recently needed the help of a financial adviser. Cambridge residents benefited from competent and top quality financial services on every occasion.

To get local Cambridge information go here

More Cambridgeshire Financial Advisers: More Cambridgeshire financial advisers: St Ives, Chatteris, Huntingdon, March, Ely, St Neots, Peterborough, Cambridge, Wisbech and Whittlesey.

Independent financial advisers in CB1 area, (dialling code 01223).

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