Financial Advisers Torquay

Financial Advisers Torquay Devon: Locating a decent financial adviser adviser in Torquay can be a challenging experience, in particular if you are seeking financial advice for the first time. Whether it's investment, mortgage, pensions or even insurance advice that you are searching for, there is one common rule for all financial advisers; they all have to abide by FCA (Financial Conduct Authority) regulations. Any advice given by a FCA authorised financial adviser in Torquay comes with certain guarantees that should anything go awry, you can contact the Financial Ombudsman or the Financial Services Compensation Scheme.

A good starting place when picking a financial adviser in Torquay may be family and friends, but keep in mind that the kind of advice you are looking for may be different to theirs. Financial advice should be individually tailored to your particular situation, and you will find that some financial advisers may not be appropriate for your requirements. It is a good idea to talk to at least 3 different companies when you're picking a financial adviser, as this is a big decision, and you'll be looking to find one that you can trust and feel comfortable with, and at the same time check out the options they offer.

When you are looking to pick a financial adviser in Torquay, there are two principal types; restricted advisers and independent financial advisers (IFA). Offering a more extensive range of options, an IFA should not be limited to the services or products of a single provider. Independent financial advice should cover the full gamut of financial products and companies, and must be offered in an unbiased way. Consulting an independent financial adviser should permit you to select from the broadest possible array of products. A restricted adviser may be tied to services and products from a specific company, or might even concentrate on one particular product, as in the case of a mortgage adviser.

Before accepting you as a client, any financial adviser in Torquay must be transparent about their charges, as required by the Financial Conduct Authority. You might be charged by the hour, a set fee or perhaps even a specific percentage of your investment, based upon product you require. A free first consultation could be offered, so you can discuss your goals and circumstances to see if the adviser is the right fit. Your account might be managed by a team rather than one individual adviser, if you opt to go to one of the bigger firms in Torquay.

Before any advice is given you'll have to fill in a confidential disclosure document, called a "Fact Find" form, which tells the advising firm about your desired goals and financial situation. An Initial Disclosure Document, or Key Facts Document will also be handed to you, providing information about the financial advisers themselves, detailing their scope of permissions in the financial arena and their status to offer independent or restricted advice. If you are not happy with the service, and wish to submit a complaint, this document will also lay out your legal rights and your options. It should be easily understood, written in plain language, and outline precisely what you're signing up for, together with the benefits and risks of taking the proffered advice. The level of cooling-off period should also be spelled out in this Key Facts Document. This makes it possible for you to cancel your contract with the financial adviser within a certain number of days, and if any penalty charges are incurred.

You should check what qualifications and experience the financial adviser has when you first talk to them. Don't be self-conscious about asking these questions, after all you're just about to entrust your financial future to their expertise. Every Torquay financial adviser must be able to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. If your adviser's name doesn't appear on the Financial Services Register, you shouldn't panic, the firm the individual works for will almost certainly be on the register and their employees will be covered by the legislation. If they are unable to present these accreditations, the individual cannot offer advice but is able to offer financial guidance. In terms of finance guidance is somewhat different to advice and is not regulated. Therefore there isn't any recourse for either party if financial blunders occur.

You'll be asked the level of risk you're ready to take on, if you are seeking advice on investing money. Higher rewards may be possible with higher risk investments, however you stand a greater chance of losing some or all of your capital. Good investment and financial advice will take into account your savings objectives, i.e. how quickly you need to access your funds, long or short term investments and how much you wish to invest. You must invariably ask yourself the one vital question, how much money can you actually afford to lose. This may influence the products and services that you're offered, and is sometimes referred to as your 'capacity for loss'.

If you have already got any existing mortgages, savings accounts, investments or regular outgoings, you have to tell your financial adviser about these. This gives a clear and full picture of your current financial circumstances, without which the advice you're given may not be the most appropriate for you. Smart financial advice should include diversifying your savings and investments by spreading the risk load across various different products. So as to mirror your goals and financial situation, a competent financial adviser in Torquay will understand the best areas to consider.

Communicating in in the simplest terms possible, your financial adviser will unveil the multifaceted world of investment and finance. After comparing the various products and services which match your needs, you should be able to make an informed and intelligent decision. You could even ask your financial adviser to only choose ethical investments and savings. This will allow you to lend support to companies and organisations that match your concerns, i.e. zero carbon or renewable energy, or perhaps avoiding businesses that do not meet your standards.

Having constant interactions with your financial adviser in Torquay could cause complications with your work life and other commitments. To allow you to seek advice at times that suit you, one-on-one meetings can be augmented with phone calls and video conferencing. An experienced financial advice firm in Torquay will have rigorous measures in place to keep your details secure and confidential, even if you rarely have a one-to-one meeting with your personal adviser, because home and remote working is now so common.

COMPLAINTS

Investments can easily go down as well as up, as the financial world can be unpredictable. If your investment is not making as much money as you were hoping for, it can be very stressful and frustrating. A downward spiral in your investment is not a recognised basis for complaint, unless your adviser has supplied you with incorrect or misleading information.

As indicated in the Key Facts Document, any grievances should start with the company's official complaints procedure. You can inform the Financial Ombudsman of the issue if it remains unresolved within the time-frame set by the regulating authority, and your adviser is registered with the FCA.

The Financial Ombudsman will come to a decision after reviewing the cause for complaint independently. A decision will be made on how to rectify the situation or financially compensate the client, if the complaint is upheld. On acceptance by the customer, the decision becomes a legally binding one, and the adviser and their company must comply with it. Any compensation set by the Ombudsman will also take into account any trouble, inconvenience, upset and distress caused to the client during the dispute.

Financial advice can be provided in Torquay and also nearby in: Babbacombe, Cockington Village, Maidencombe, Hollicombe, Kingskerswell, Paignton, Edginswell, St Marychurch, Torre, Marldon, Tweenaway, Combe Pafford, Shiphay, Watcombe, Shaldon, Hele Cross, Barton, and in these postcodes TQ1 1DS, TQ1 1PB, TQ1 1JY, TQ1 1JP, TQ1 1NT, TQ1 1LS, TQ1 1QB, TQ1 1BB, TQ1 1HG, TQ1 1JX. Locally based Torquay financial advisers will probably have the postcode TQ1 and the telephone code 01803. Checking this can make sure that you are accessing local financial advisers. Torquay householders are able to benefit from these and numerous other comparable services. Simply click the "enquiry" form or banner to get specifics of financial advisers in your location.

Torquay Financial Advice Services

There is a variety of services that can be provided by your local Torquay financial advisor including mortgage advice, pension transfers, multi-asset portfolios Torquay, equity release, pension plans, ethical investments, bereavement benefits Torquay, investment plans, critical illness cover, ISA's, savings advice, financial analyst services, life insurance advice, independent financial advice, business planning in Torquay, cheap financial advice, income protection, corporate financial planning Torquay, trusts, pension consolidation advice, investing an inheritance Torquay, bridging finance Torquay, pensions in divorce, personal protection, family income benefit, corporate bonds, pension advice, unit trusts Torquay, annuity purchase, general financial planning, and more. These are just a handful of the activities that can be carried out by local financial advisers. Torquay professionals will be happy to inform you of their whole range of financial services.

Devon Financial Advisers

In Devon you can likewise find: Heanton Punchardon financial advisors, Starcross investment advice, Great Torrington financial advisers, Starcross financial advisors, Salcombe financial advisers, Starcross financial advice, Holsworthy investment advisers, Sparkwell financial advisors, West Hill financial advisers, Broad Clyst financial advisors, Chudleigh financial advice, Sidmouth investment advisers, Modbury investment advisers, Whimple investment advisers, Willand financial advice, Landkey financial advisers, Clyst St Mary financial advisors, Silverton financial advisors, Berry Pomeroy investment advice, Harpford investment advice, Ottery St Mary investment advice, Georgeham financial advice, Beer financial advice, Ivybridge financial advisers, Sidmouth financial advisers, Newton St Cyres investment advisers, Landkey financial advisors, Christow financial advisers, Hennock financial advisers.

Skills Required by Financial Advisors

• Attentive interpersonal and listening skills.
• To have the ability to network and establish relationships with customers.
• A thorough knowledge of economics and accounting relating to financial markets and products.
• An excellent level of math knowledge for producing financial plans.
• Excellent customer service skills for identifying customer needs and requirements.
• To be capable of using a computer and the appropriate software packages.
• To be good at promoting products and services.
• To have a flexible approach to work.
• Good verbal communication skills.
• Effective business management skills for negotiating product fees.
• To be thorough and pay attention to detail.

Financial Advisers Near Torquay

Also find: Cockington Village financial advisers, Shiphay financial advisers, Maidencombe financial advisers, Shaldon financial advisers, Babbacombe financial advisers, Paignton financial advisers, Hollicombe financial advisers, Kingskerswell financial advisers, Marldon financial advisers, Watcombe financial advisers, Torre financial advisers, Combe Pafford financial advisers, Edginswell financial advisers, Tweenaway financial advisers, St Marychurch financial advisers, Barton financial advisers, Hele Cross financial advisers and more. Most of these areas are serviced by local financial advisers. Torquay residents can get quotes by clicking here.

Torquay Financial Advice Services

Find Financial Advisers in Torquay Here

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

Financial Advisors Around Torquay: Households in Bishops Close, Asheldon Road, Swale Close, St Vincents Close, Torwood Mount, Acadia Road, Seaway Close, St Albans Road, Cornacre Close, Crownhill Rise, Dorchester Grove, Cayman Close, Bottom Park Lane, Torwood Gardens Road, Coburg Place, St Katherines Road, Southlands Road, Broom Park, All Saints Road, Seaway Lane, Truro Avenue, Tor Hill Road, South Hill Road, Crownhill Park, Ansteys Cove Road, Seymour Drive, Scarborough Road, The Woods, Branscombe Close, have needed financial advice recently. Financial advisors have also been active in these local Torquay postcodes: TQ1 1DS, TQ1 1PB, TQ1 1JY, TQ1 1JP, TQ1 1NT, TQ1 1LS, TQ1 1QB, TQ1 1BB, TQ1 1HG, TQ1 1JX. People in these areas recently requested the help of a financial adviser. Torquay residents enjoyed high quality and reliable financial services on every occasion.

More Devon Financial Advisers: More Devon financial advisers: Exeter, Plymouth, Brixham, Exmouth, Torquay, Newton Abbot, Bideford, Paignton, Tiverton and Barnstaple.

If you're interested in local info relating to Torquay, Devon go here

Independent financial advisers in TQ1 area, (dialling code 01803).

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