Financial Advisers Ely

Financial Advisers Ely Cambridgeshire: If you're seeking financial advice for the first time, trying to locate a decent independent financial adviser in Ely can be an intimidating experience. Nevertheless, all professional financial advisers are bound by one common rule; they all have to follow the regulations laid down by the Financial Conduct Authority, regardless of whether you're after mortgage, pension, investment or even insurance advice. Any advice given from a FCA approved financial adviser in Ely comes with the guarantee that if things go wrong, you can get in touch with the Financial Ombudsman or the Financial Services Compensation Scheme.

When selecting a financial adviser in Ely, a decent place to start could be neighbours and friends, however you must remember that your circumstances might not be the same as theirs, and you might be in need of a different sort of advice. Their advice needs to be tailored to your specific situation, and every financial adviser isn't suitable for everyone. It is a good idea to talk to at least 3 different companies when you're selecting a financial adviser, because this is a big decision, and you need to find one that you feel comfortable with and can trust, and check out the options they offer.

Independent financial advisers and restricted advisers, are the two main kinds of financial adviser in Ely. An independent financial adviser will not be limited to just one company's services and products. Encompassing the whole gamut of financial companies and products, independent financial advice should be offered in an impartial and unbiased way to clientele. If you decide to use an IFA, you will be able to select from the widest possible array of products, so as to find the ideal solution for you. If you use a restricted financial adviser you'll discover that they could be restricted to services and products of one particular firm, or as in the case of a mortgage adviser, might only be concerned with one solitary product.

Before any financial adviser takes you on as a client, they're required by the FCA to discuss their charges with you. Although it can vary in accordance with the type of service or product you're looking for, there could be an hourly rate, a set fee, or you might even be charged a slice of the money you are investing. A free first consultation might be offered, so you can discuss your objectives and circumstances to determine whether the adviser is the right fit. Your account may be looked after by a team as opposed to one individual adviser, if you choose to go with one of the larger companies in Ely.

To summarise your aims and financial situation to the advising firm, you will be required to fill in a "Fact Find" document, which is a confidential disclosure form. You'll also be handed a Key Facts or Initial Disclosure Document, which provides you with details of the financial adviser, their situation for offering independent or restricted advice and their range of permissions in the financial market. If you aren't happy with the service, and wish to complain, this document should also set down your rights and the possible options you can take. It should be easily understood, written in plain language, and outline precisely what you're committing yourself to, along with the benefits and risks of going along with the advice. You'll find the amount of cooling-off period in the Key Facts Document. This allows you to change your mind within a specific time period, and cancel the contract with your financial adviser.

The first time you are speaking with the financial adviser ensure that you check what qualifications and experience they have. Asking these questions should never be a cause for embarrassment, because after all you're about to entrust them with your long-term financial wellbeing. All Ely financial advisers must hold at least a Level 4 qualification and be able to present an annual Statement of Professional Standing. If your adviser's name doesn't appear on the Financial Services Register, you should not panic, the company the adviser works for will almost certainly be on the register and their personnel will be covered by the legislation. If they're unable to present these accreditations, the person cannot offer advice but is permitted to offer financial guidance. Guidance is not subject to regulations in the same way as financial advice, which means that if mistakes arise neither party will have any recourse.

If it is investing money that you are interested in, the adviser will enquire about the level of risk you might be willing and able to take with your hard-earned money. Larger rewards may be possible with higher risk investments, but you stand a greater chance of losing all or some of your funds. In order to get the very best investment and financial advice, your savings aims will need to be carefully considered, i.e. how much you have to invest, long or short term investments and how rapidly you need access to your funds. One question you should ask of yourself, which is often ignored, is how much money you can actually afford to lose. This may affect the services and products that you're offered, 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 investments, mortgages, savings accounts or regular outgoing payments that you currently have. This gives a full and clear picture of your financial situation, without which the advice you are given may not be the most appropriate for you. Spreading the risk across a number of different products by diversifying your investments and savings, is something that reliable financial advice should embrace. So as to reflect your financial situation and goals, a professional financial adviser in Ely will have the knowledge of the best products to consider.

Your financial adviser will attempt to communicate in the clearest possible way, while revealing the complex world of finance. You should be able to come to an informed and educated decision after you have compared the various services and products that match your needs. You can even ask your adviser to only specify ethical savings and investment schemes. You will then be able to keep away from firms that investments meet your criteria, and instead support those firms and organisations that match your concerns, for example zero carbon or green energy.

Having constant interactions with your financial adviser in Ely could create issues with work and other obligations. One-on-one appointments can be backed up with video conferencing and telephone to allow you to get advice at a time to suit you. Even if you hardly ever have a one-to-one meeting with your adviser, an established financial advice provider in Ely will have strict measures in force to keep your details secure and confidential, because remote and home working is now commonplace.

COMPLAINTS

You have to bear in mind that the financial sector can be unpredictable, and investment values can just as easily go down as well as up. It can be incredibly frustrating and stressful if your investment isn't making as much money as you were hoping for. Sadly, your investment having a downward trend is not seen as a grounds for complaint, unless of course it's down to incorrect or misleading information from your adviser.

The company's official complaints procedure should be the kick off point for any disputes, and the Key Facts Document will explain this. You can let the Financial Ombudsman know about the situation if it is unsolved within the period set out by the regulating authority, and the adviser is registered with the Financial Conduct Authority.

The Financial Ombudsman will come to a decision after reviewing the cause for complaint independently. If the complaint is found to be justified, a decision will be made on how to financially compensate the customer. Once the ruling is accepted by the client it becomes a legally binding decision that the financial adviser and their company, must comply with. Any distress, trouble, inconvenience and upset caused to the client during the dispute, will be accounted for when the Ombudsman establishes the level of compensation.

Financial advice can be provided in Ely and also in nearby places like: Stretham, Little Thetford, Mepal, Burnt Fen, Witcham, Chettisham, Little Downham, Haddenham, Kennyhill, Isleham, Witchford, Coveney, Soham, Prickwillow, Queen Adelaide, Littleport, and in these postcodes CB6 3FJ, CB6 2WG, CB6 3BW, CB6 1WD, CB6 3BS, CB6 3GN, CB6 3AS, CB6 1BX, CB6 3QS, CB6 1DT. Locally based Ely financial advisers will most likely have the telephone code 01353 and the postcode CB7. Checking this should ensure you're accessing locally based financial advisers. Ely property owners are able to benefit from these and lots of other finance related services. Simply click on the "enquiry" banner or form to get specifics of financial advisers in your location.

Cambridgeshire Financial Advice Enquiries

Latest Cambridgeshire financial advice enquiries: Eleanor and Robbie Kershaw in Great Paxton, Cambridgeshire recently asked about getting financial advice. Niamh Stacey and Dean Stacey in Duxford recently asked about offshore investments. Ellis and Kaia Core in Over, Cambridgeshire recently asked for information on pensions. Freya and Archie Churchill in Gamlingay, Cambridgeshire recently asked for information on mortgages. Aiza and Blake Weeks from Caldecote recently asked about equity release. Kylan Parkinson and Amber Parkinson from Haddenham, Cambridgeshire recently asked for information on offshore investments. Flynn Ansell and Leona Ansell from Sawtry, Cambridgeshire recently asked for information on financial planning. Teddy Humphreys and Cecily Humphreys from Barton, Cambridgeshire recently asked for information on pensions. Most of these local people conducted a search for "financial advisers Cambridgeshire" and noticed this web page on Google or another search engine.

Ely Financial Advice Services

There are a whole host of services which can be provided by your local Ely financial advisor including mortgage services Ely, life insurances, ISA's, trusts, annuity purchases, multi-asset portfolios Ely, pension reviews, cash flow modelling in Ely, financial planning, saving for children, pension drawdowns, income protection advice in Ely, pensions in divorce Ely, money planning, equity release, long term care fee planning, trustee investment services, portfolio management, pension planning Ely, critical illness cover in Ely, offshore investment advice, retirement advice, personal protection, investment reviews in Ely, financial analyst services, investment bonds, savings advice, unit trusts, independent financial advice, business protection, and lots more. Listed are just a selection of the duties that can be conducted by local financial advisers. Ely professionals will keep you informed about their whole range of services.

Financial Advisers Near Ely

Also find: Little Thetford financial advisers, Chettisham financial advisers, Haddenham financial advisers, Queen Adelaide financial advisers, Coveney financial advisers, Burnt Fen financial advisers, Mepal financial advisers, Kennyhill financial advisers, Prickwillow financial advisers, Stretham financial advisers, Soham financial advisers, Littleport financial advisers, Witchford financial advisers, Little Downham financial advisers, Witcham financial advisers, Isleham financial advisers and more. All these villages and towns are served by local financial advisers. Ely residents can get estimates by clicking here.

Ely Financial Advice Services

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Financial Advisors Around Ely: In California, The Gault, Top Street, Debden Green, Ten Bell Lane, Brick Lane, The America, Campion Close, Broad Way, Cophall Drove, Breach Lane, Thirlwall Drive, Cornmills Road, The Bridge, The Green, The Crofters, Churchill Court, St Marys Street, Cedar Court, Snailwell Road, Springhead Lane, Station Road, St Martins Walk, Berry Close, Bernard Street, Centre Road, School Lane, The Slade, St Ethelwolds Close, as well as these Ely area postcodes: CB6 3FJ, CB6 2WG, CB6 3BW, CB6 1WD, CB6 3BS, CB6 3GN, CB6 3AS, CB6 1BX, CB6 3QS, CB6 1DT, folks have recently needed financial advice. Folks in these areas recently needed the help of a financial adviser. Ely residents received reliable and top notch financial services in all cases.

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

To find local information on Ely, Cambridgeshire go here

Independent financial advisers in CB7 area, phone code 01353.

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