Financial Advisor Gillingham Kent (ME7): If you're in search of financial advice for the first time, trying to find a decent independent financial advisor in the Gillingham area can be a quite daunting experience. Whether you are searching for investment, pension, mortgage or even insurance guidance, all professional financial advisors are bound by one simple rule; they all have to follow the regulations set by the Financial Conduct Authority. The advantage of this is that should a financial advisor who is FCA approved give you poor advice, and things go awry, you've got guarantees, and are able to go to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get it put right.
When choosing a financial advisor in Gillingham, a good place to begin could be neighbours and friends, but you must remember that your circumstances may not be in line with theirs, and you might need a different sort of advice. Not every financial advisor is suitable for everybody, and any advice they provide needs to be tailored to your specific circumstances. It pays to speak to at least three different firms when you are picking a financial advisor, because this is an important decision, and you need to find one that you can trust and feel comfortable with, and at the same time investigate the options they can provide.
When it comes to picking a financial advisor in Gillingham, there are essentially 2 main types; restricted advisors and independent financial advisors. The good thing about using an independent financial advisor is that they will not be limited to just one provider's products and services, and can offer a broader range of options. Encompassing the entire gamut of financial products and companies, independent financial advice should be given in a frank and unbiased way to clients. Consulting an independent financial advisor should allow you to choose between the broadest possible range of services. If you use a restricted financial advisor you will discover that they may be restricted to products and services of one particular provider, or as in the case of a mortgage advisor, will only be focused on one individual product.
The Financial Conduct Authority requires that any financial advisor must be fully transparent with you about their charges, before accepting you as a client. In accordance with the services you require, you could be charged a set fee, by the hour or possibly even a proportion of your investment. A free first consultation could be offered, so that you can discuss your goals and situation to see if the advisor is the right choice. If you go with one of the bigger Gillingham companies, your account could be managed by a team of advisors rather than just one individual.
You will need to complete a "Fact Find" document, which is a confidential disclosure form relating your financial situation and targets to the advising firm. To provide details about the financial advisor, their status to offer restricted or independent advice and their scope of permissions in the financial arena, you'll also be given a Key Facts Document, or Initial Disclosure Document. If you aren't satisfied with the service provided, and wish to complain, this document should also lay down your rights and your options. It should be simple to understand, written in plain English, and outline exactly what you're signing up for, together with the risks and benefits of accepting the proffered advice. The allowed cooling-off period should also be fully explained in this Key Facts Document. Within a specific number of days, this enables you to cancel your agreement.
The very first time you are talking with your financial advisor you should check what experience and qualifications they've got. Asking these questions shouldn't cause you any embarrassment, because you are entrusting them with your financial future. A Level 4 qualification is the minimum qualification for any financial advisor in Gillingham, and they also have to be able to show an annual Statement of Professional Standing. When you check the Financial Services Register, you should not panic if your specific advisor's name does not show up on there; you should be able to locate the company name, and that means the legislation covers all of their employees. If these cannot be presented the person may still offer financial guidance instead of financial advice. Guidance isn't subject to regulations in the same way as financial advice, which means that if mistakes occur the client won't have any recourse.
If you are seeking advice on investing money you will be asked about the amount of risk you are willing and able to take on. High risk investments may offer larger rewards, however all or some of your capital could be lost. Your savings objectives must be carefully considered if decent investment advice is to be given, i.e. long or short term investments, how much capital you want to invest and how rapidly you need access to your money. "How much can you afford to lose?" Is the one question that you should really be asking yourself. This is called your 'capacity for loss' and could influence the products and services that are offered for your consideration.
You must let your financial advisor know about your current investments, mortgages, savings or regular payments. This will give a clear and full picture of your current financial circumstances, and without this the advice you get may not be the most appropriate for you. Spreading the risk load across various products by diversifying your savings and investments, is something that good quality financial advice should embrace. So as to reflect your financial circumstances and goals, an experienced financial advisor in Gillingham will be aware of the best areas to consider.
Communicating in the clearest way possible, your financial advisor will unmask the multifaceted world of investment and finance. After comparing the products and services that meet your needs, you should be able to come to an informed and calculated decision. You could ask your advisor to only choose ethical savings and investments. This doesn't just give you investment possibilities, but also allows you to support zero carbon or renewable energy projects, and stay away from businesses that do not share the same values that you do.
It isn't always easy to have a close working relationship with a financial advisor in Gillingham without this impacting on your work day and other obligations. Face-to-face meetings can be complemented with video conferencing and telephone calls to allow you to seek advice at times that suit you. A professional financial advice firm in Gillingham will have rigorous measures in place to keep your details secure and confidential, even if you never have an in-person meeting with your advisor, because remote and home working is now so common.
COMPLAINTS
The value of your investments could go down as well as up, and this is a factor that you have to bear in mind. It can be quite demoralising and stressful if your investment fails to make the amount of money you were hoping for. However, unless it's owing to misleading or incorrect information from your advisor a downward trend in your investment isn't seen as a grounds for complaint.
Any complaints should start with the firm's official complaints procedure as laid out in the Key Facts Document. If the advisor is registered with the FCA, you can let the Financial Ombudsman know about the problem if it is unresolved within the time schedule set out by the regulating authority.
The Financial Ombudsman will look into the cause for complaint and make a ruling. A decision is made on how to financially compensate the client, if the complaint is justified. Once the ruling has been accepted by the customer it becomes a legally binding decision that the financial advisor and their company, must comply with. Any compensation fixed by the Ombudsman will also take into consideration any annoyance, inconvenience, hassle and distress caused to the customer during the situation.
Financial advice can be provided in Gillingham and also in nearby places like: Luton, Frindsbury, Wigmore, Wainscott, Grange, Hempstead, Walderslade, Blue Bell Hill, Hartlip, Chattenden, Wouldham, Brompton, St Marys Island, and in these postcodes ME7 1BU, ME7 1BG, ME7 1AQ, ME7 1AX, ME5 7ES, ME7 1JB, ME7 1HQ, ME7 1AF, ME7 1JT, ME7 1BB. Locally based Gillingham financial advisors will probably have the telephone dialling code 01634 and the postcode ME7. Checking this out should ensure that you access local financial advisers. Gillingham property owners will be able to utilise these and lots of other related services.
Gillingham Financial Advice Services
There are a number of different services that can be provided by your local Gillingham financial advisor including financial planning Gillingham, cheap financial advice Gillingham, business protection, trustee investment services, pension drawdowns, mutual funds, portfolio management in Gillingham, life insurances, critical illness cover, pension reviews, pension planning, trusts, divorce planning in Gillingham, personal pensions advice, pensions in divorce Gillingham, mortgage advice, income protection, ethical investments, financial advice services in Gillingham, annuities in Gillingham, saving for children in Gillingham, money planning, long term care fee advice, personal protection in Gillingham, family income benefit, investment advice, corporate financial planning in Gillingham, familt controlled trusts, multi-asset portfolios, investment consolidation, and more. These are just a selection of the tasks that can be carried out by a financial advisor. Gillingham professionals will inform you of their entire range of financial services.
Financial Advisors Near Gillingham
Also find: Wigmore financial advisors, Hartlip financial advisors, Wainscott financial advisors, Hempstead financial advisors, St Marys Island financial advisors, Blue Bell Hill financial advisors, Walderslade financial advisors, Brompton financial advisors, Frindsbury financial advisors, Chattenden financial advisors, Grange financial advisors, Wouldham financial advisors and more. All of these villages and towns are catered for by local financial advisors. Property owners in the area can make enquiries about financial advice by clicking here.
Gillingham Financial Advice Services
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Financial Advisor Gillingham
Independent Financial Advisor Near Gillingham
Financial Advisors GillinghamInformation on Gillingham can be located here
Independent financial advisor in ME7 area, (dialling code 01634).
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