Financial Advisers Lichfield

Financial Advisers Lichfield Staffordshire: If you're in search of financial advice for the first time, trying to locate a decent financial adviser adviser in Lichfield can be a daunting experience. Whether it's mortgage, investments, pensions or even insurance guidance that you're after, there's one common rule for all qualified financial advisers; they all have to comply with Financial Conduct Authority regulations. The advantage of this is that should a financial adviser who is FCA authorised give you poor advice, and things go wrong, you've got guarantees, and can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get things put right.

Recommendations from friends and family can be a decent starting place in selecting a financial adviser in Lichfield, but bear in mind that their situation may be different to the kind of advice you're looking for. Not every financial adviser is suitable for everybody, and any advice they provide needs to be tailored to your unique situation. It pays to talk to at least 3 different firms when you're selecting a financial adviser, since this is a major decision, and you need to find one that you can trust and feel comfortable with, and also investigate the options they offer.

When you are looking to pick a financial adviser in Lichfield, there are basically two main types; independent financial advisers and restricted advisers. The benefit of seeing an independent financial adviser is that they won't be restricted to the services or products of a single company, and can offer a wider range of options. Independent financial advice must be offered in an impartial way and should cover the entire gamut of financial companies and products. This will permit you to select from the widest range of services to meet your needs. A restricted financial adviser could be tied to products and services from a particular provider, or might even concentrate on an individual product, as can be the case with a mortgage adviser.

The FCA demands that any Lichfield financial adviser must be fully transparent with you about their charges, before taking you on as a client. Contingent on the type of product you're looking for, you could be charged by the hour, a set fee or even a proportion of your investment value. A free initial consultation will sometimes be offered, so you can discuss your aims and situation to see if the adviser is the best fit. If you go to one of the larger Lichfield firms, your account may be looked after by a team of advisers rather than one person.

To outline your financial situation and desired goals to the advising company, you will be required to fill out a "Fact Find" document, which is a confidential disclosure form. A Key Facts Document, or Initial Disclosure Document will also be given to you, to provide details of the financial advisers themselves, detailing their range of permissions in the financial arena and their status to offer independent or restricted advice. This document will also lay down your own rights and the possible options you can take if you aren't happy with the service, and want to submit a complaint. It should detail precisely what you're committing yourself to, and any possible risks and benefits that exist if you choose to accept the advice offered, and it must be written in plain language. The allowed cooling-off period should also be fully explained in this document. This enables you to cancel the contract with your financial adviser within a specific time period, and if any penalty charges have to be paid.

The very first time you're chatting with your financial adviser you'll want to check what qualifications and experience they've got. You should never be embarrassed about asking such questions, after all you're on the verge of entrusting your financial wellbeing to their skill. All Lichfield financial advisers must hold at least a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. If the adviser's name doesn't show up on the Financial Services Register, you don't need to freak out, the company the person works for will almost certainly be on the register and their staff are all covered by the legislation. If they're not able to present this evidence, the person can't offer advice but is able to offer financial guidance. In terms of finance guidance differs to advice and is not regulated in the same way. Therefore there's no recourse for either party if errors occur.

If you're seeking advice on investing money you'll be asked the level of risk you are comfortable with. High risk investments may offer larger rewards, however some or all of your funds could be lost. Your savings goals will need to be taken into account if good quality financial and investment advice is to be given, i.e. long or short term investments, how much you wish to invest and how rapidly you need access to your funds. "How much can you truly afford to lose?" Is the one important question that you should really be asking yourself. This could affect the products and services that could be offered for your consideration, and is referred to as your 'capacity for loss'.

From the outset, it is crucial that you let your financial adviser know about any savings accounts, investments, mortgages or regular payments that you currently have. They will need these details, so they can get a clear picture of your financial situation and give the correct advice for your needs. Good financial advice should allow for diversifying your savings and investments by spreading the risk load across various products. A certified financial adviser in Lichfield will understand the best products to consider, which reflect your financial situation and your goals.

Communicating in in the simplest terms possible, your financial adviser will open up the multifaceted world of finance and investment. You should be in a position to come to an informed and considered decision when you have compared the various services and products that match your needs. You can perhaps ask your financial adviser to only choose ethical savings and investments. You will then be able to avoid investments that investments meet your requirements, and instead lend your support to those enterprises and companies that address your concerns, for instance green energy or zero carbon.

It is not that easy to have a close working relationship with a financial adviser in Lichfield without this impacting your work and other obligations. To allow you to get advice at a time to suit you, one-on-one meetings can be supplemented with video conferencing and phone calls. Working from home and remote working is now a large part of our society, and a competent financial advice firm in Lichfield will have stringent measures in place to keep your details confidential and secure, even if you rarely have a face-to-face meeting with your adviser.

COMPLAINTS

Investments can be a volatile area, and values could go down as well as up. It can be very demoralising and worrying if your investment fails to make the amount of money you were hoping for. Your investment having a downward trend is not a recognised basis for complaint, unless your adviser has given you wrong or misleading information.

As outlined in the Key Facts Document, any disputes should begin with the firm's complaints procedure. If your adviser is a member of the Financial Conduct Authority, you can tell the Financial Ombudsman about the issue if it is unsolved within the time schedule set by the regulating body.

After reviewing the cause for 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 client can be compensated or the situation rectified. Once the ruling is agreed on by the customer it becomes a legally binding decision which the adviser and their company, must abide by. Any hassle, inconvenience, distress and annoyance caused to the customer during the dispute, will be considered when the Ombudsman establishes the level of compensation.

Financial advice can be provided in Lichfield and also in nearby places like: Huddlesford, Streethay, Pipehill, Hopwas, Leamonsley, Whittington, Fisherwick Wood, Burntwood, Whittington Hurst, Bromley Hayes, Canwell, Hanch, Stowe, Hammerwich, Netherstowe, Wall, together with these postcodes WS13 6LW, WS13 6BG, WS13 6AD, WS13 6JQ, WS13 6QR, WS13 6DG, WS13 6BU, WS13 6EF, WS13 6PS, WS13 6PL. Local Lichfield financial advisers will likely have the telephone dialling code 01543 and the postcode WS13. Checking this out can ensure that you access locally based financial advisers. Lichfield home and business owners can utilise these and many other finance related services.

The Daily Tasks of a Financial Advisor

• Financial advisors meet targets for sales and performance.
• Financial advisors continually update clients concerning their investments.
• Financial advisors make deals with with providers of financial products.
• Financial advisors recommend the financial products that are best-suited to their customers.
• Financial advisors work with associates to collect trends, market information and statistics.
• Financial advisors keep fully up to date with new products and regulation changes.
• Financial advisors maintain detailed records of transactions and customers.
• Financial advisors provide education, consultation and counselling regarding investments and finances.
• Financial advisors produce comprehensive financial reports.
• Financial advisors talk to customers about their plans and finances.

Lichfield Financial Advice Services

There is a variety of services which can be provided by your local Lichfield financial advisor including financial analyst services, savings advice in Lichfield, pension transfer advice, trustee investment services, pension reviews, personal protection Lichfield, portfolio management, ISA's, pension consolidation, annuity purchase in Lichfield, pensions in divorce in Lichfield, income protection advice in Lichfield, ethical investments, trusts, cheap financial advice in Lichfield, life insurance advice, general financial planning, inheritance tax planning, unit trusts Lichfield, money planning, independent financial advice, mortgage services, divorce financial planning, long term care fee advice, pension planning, corporate financial planning in Lichfield, investment consolidation advice, financial planning in Lichfield, multi-asset portfolios Lichfield, critical illness cover, and more. Listed are just a few of the duties that can be conducted by local financial advisers. Lichfield professionals will let you know their whole range of financial services.

Financial Advisers Near Lichfield

Also find: Canwell financial advisers, Whittington Hurst financial advisers, Stowe financial advisers, Streethay financial advisers, Huddlesford financial advisers, Whittington financial advisers, Hammerwich financial advisers, Leamonsley financial advisers, Netherstowe financial advisers, Bromley Hayes financial advisers, Burntwood financial advisers, Wall financial advisers, Fisherwick Wood financial advisers, Hopwas financial advisers, Pipehill financial advisers, Hanch financial advisers and more. All of these towns and villages are served by local financial advisers. Lichfield residents can get financial advice quotes by going here.

Lichfield Financial Advice Services

Find Financial Advisers in Lichfield Here

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

Financial Advisors Around Lichfield: Financial advice has recently been given in these Lichfield areas and roads - Salisbury Close, Crossfield Road, Bailye Close, St Marys Road, Darwin Close, Chadswell Heights, Crane Fields, Beacon Street, The Sycamores, Summerhouse Lane, Cornfield Drive, Bird Street, Alder Close, Booth Close, The Friary, Deans Slade Drive, Coppice Grove, Trenance Close, Darnford Lane, Streetway Road, Chapel Lane, St Catherines Road, The Butts, Burton Road, The Pines, Schoolfields Road, Copperfields, Bay Tree Walk, Barnfield Close, as well as these local Lichfield postcodes: WS13 6LW, WS13 6BG, WS13 6AD, WS13 6JQ, WS13 6QR, WS13 6DG, WS13 6BU, WS13 6EF, WS13 6PS, WS13 6PL. People living in these local areas recently requested the help of a financial adviser. Lichfield residents enjoyed reliable and high quality financial services.

To get local information on Lichfield, Staffordshire click here

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

Independent financial advisers in WS13 area, (dialling code 01543).

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