Financial Advisor Storrington

Financial Advisor Storrington West Sussex (RH20): If you're seeking financial advice for the first time, trying to find a good independent financial advisor in Storrington can be a quite daunting experience. Whether you are searching for pension, mortgage, investments or even insurance guidance, all qualified financial advisors are bound by one common rule; they must all adhere to the regulations laid down by the Financial Conduct Authority. The benefit of this is that should a financial advisor who is FCA approved give you poor advice, and things go wrong, you have guarantees, and are able to get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman to get things put right.

Recommendations from friends and neighbours can be a decent starting place in selecting a financial advisor in Storrington, but keep in mind that their circumstances may be different to what you're looking for. Their advice needs to be tailored to your particular circumstances, and every financial advisor isn't suitable for everybody. It is a good idea to speak with at least 3 different companies when you are selecting a financial advisor, because this is an important decision, and you'll be looking to find one that you feel comfortable with and can trust, and also check out the options they can provide.

There are 2 principal kinds of financial advisor in Storrington; independent financial advisors and restricted advisors. An independent financial advisor should not be confined to just one provider's services or products. Independent financial advice should be provided in an unbiased way and across the whole spectrum of financial companies and products. This will enable you to select from the widest range of services to match your needs. A restricted advisor might be involved with a single product, as with a mortgage advisor, or be limited to services and products from one particular firm.

Before accepting you as a client, any Storrington financial advisor must be transparent about their charges, as required by the Financial Conduct Authority. Depending on the services you're looking for, you could be charged a set fee, by the hour or perhaps even a proportion of your investment. You could be offered a free first consultation to allow you to discuss your objectives and see if the advisor is the correct fit for your situation. If you go to one of the bigger Storrington companies, your account may be looked after by a team of advisors rather than just one individual.

To describe your targets and financial situation to the advising company, you'll be asked to fill in a "Fact Find" document, which is a confidential disclosure form. You should also be given an Initial Disclosure, or Key Facts Document, which provides details of the financial advisor, their status to offer independent or restricted advice and the extent of their permissions in the financial arena. Your own legal rights will also be laid out in this document, along with your options if you want to make a complaint because you're not satisfied with the service provided. It should outline what you are signing up for, and any possible risks and benefits that exist should you decide to take the advice offered, and it has to be set down in plain English. This document must also inform you of the allowed cooling-off period. This makes it possible for you to cancel the contract within a certain time period, and if any penalties have to be paid.

When speaking to your financial advisor for the first time you need to check their qualifications and experience. After all you are on the verge of entrusting your financial future to their skill, so you should not be embarrassed about asking these questions. Every Storrington financial advisor must present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. Don't freak out if your specific advisor's name doesn't show up on the Financial Services Register, as long as the firm is listed on the register, their personnel will be covered by the legislation. If these cannot be presented the individual can still offer financial guidance rather than financial advice. Guidance is somewhat different to advice as it isn't regulated in the same way, and if mistakes are made there will likely be no recourse to the client.

You will be asked about the amount of risk you're willing to accept, if you are seeking advice on investments. High risk investments could offer higher rewards, however all or some of your cash could be lost. Your savings aims should be carefully considered if decent investment and financial advice is to be given, i.e. short or long term investments, how much you have to invest and how quickly you need access to your funds. "How much can you truly afford to lose?" Is the one question that you should really be asking yourself. This is generally known as your 'capacity for loss' and may influence the products and services that could be offered to you.

If you have already got any existing mortgages, savings accounts, investments or regular outgoing payments, you'll want to let your financial advisor know about these. This should give a clear picture of your financial situation, and without this the advice you get will most likely not be the most appropriate for you. The diversification of your savings and investments by spreading the risk across a range of different products, is an essential part of reliable financial advice. In order to match your goals and financial situation, a competent financial advisor in Storrington will have the knowledge of the best products to consider.

Your financial advisor will communicate in the clearest possible way, while opening up the complex world of finance. You should be in a position to make an informed decision when you have learned about the various services and products that meet your needs. You could perhaps ask your financial advisor only to choose ethical savings and investments. This will allow you to lend support to firms and organisations which address your concerns, i.e. zero carbon or green energy, or perhaps staying away from businesses that don't meet your requirements.

Working alongside a financial advisor in Storrington can be challenging to fit in around your work day and other commitments. Face-to-face meetings can be backed up with video conferencing and phone calls to allow you to get advice at a time to suit you. Any experienced financial advice firm in Storrington will have strict measures in place to keep your details confidential and secure, even if you rarely have a one-on-one meeting with your advisor, because remote and home working is no longer unusual.

COMPLAINTS

Investments can be a volatile area, and values could fall as well as rise. If your investment isn't making the amount of money you were hoping for, it can be very demoralising and stressful. Unfortunately, your investment having a downward trend isn't a recognised cause for complaint, unless of course it's because of misleading or wrong information from your financial advisor.

The firm's complaints procedure should be the place to start with any disputes, and the Key Facts Document will explain this. If your financial advisor is a member of the Financial Conduct Authority, you can let the Financial Ombudsman know about the problem if it remains unresolved within the time schedule set by the regulating body.

The Financial Ombudsman will make a ruling after reviewing the cause of the complaint independently. If the complaint is found to be justified, a decision will be made on how to financially compensate the client. On acceptance by the client, the ruling will become a legally binding one, and the advisor and their firm must abide by it. Any compensation set by the Ombudsman will also account for any trouble, inconvenience, upset and distress caused to the client during the process.

Financial advice can be provided in Storrington and also nearby in: Steyning, West Chiltington, Ashington, Wiggonholt, Washington, Abingworth, South Stoke, Pulborough, Rackham, Wiston, Sullington, Burpham, Greatham, Spear Hill, Warminghurst, Houghton, Nutbourne, Thakeham, North Stoke, and in these postcodes RH20 3HU, RH20 2EW, RH20 3QA, RH20 3HR, RH20 4EE, RH20 3PX, RH20 4HA, RH20 3NA, RH20 3JF, RH20 4BH. Locally based Storrington financial advisors will probably have the dialling code 01903 and the postcode RH20. Checking this should make sure that you access local financial advisers. Storrington householders are able to utilise these and countless other finance related services.

Pension Planning

Secure retirement hinges on the crucial aspect of pension planning. Engaging the services of a financial advisor can be instrumental in achieving a significant enhancement of this process. Your current financial situation will be assessed by an experienced advisor, understanding your retirement objectives and designing a customised pension plan. They navigate the intricacies of the UK's pension alternatives, such as the State Pension, workplace pensions, and SIPPs. By taking advantage of their expertise, you can make informed decisions about contributions, tax implications and investment choices. To create an effective pension plan, providing financial stability and peace of mind for your future, working with a financial advisor in Storrington is essential.

The State Pension is the cornerstone of UK pension planning, since it provides a standard level of retirement income that is backed by the government. Eligibility for the State Pension is generally based on a person's National Insurance record, which is built up over their working life. The complexities of the State Pension scheme have become essential to understand, due to changes to the State Pension age and the number of qualifying years needed. (42316)

Storrington Financial Advice Services

There are a wide array of services that are provided by your local Storrington financial advisor including inheritance tax planning in Storrington, corporate financial planning, annuity purchases, income protection, equity release in Storrington, mortgage financial planning in Storrington, wealth management & investments, business financial planning Storrington, stakeholder pensions, financial planning, savings advice, personal protection Storrington, pension drawdowns, portfolio management Storrington, trusts, cheap financial advice, cash flow modelling, business protection, independent financial advice, corporate bonds, personal pensions advice, divorce planning, pension reviews Storrington, financial analyst services, pensions in divorce, unit trusts, life assurance, critical illness cover, bridging finance, investment bonds, and more. These are just a handful of the tasks that can be performed by a financial advisor. Storrington professionals will be delighted to keep you abreast of their entire range of financial services.

Financial Advisors Near Storrington

Also find: North Stoke financial advisors, Spear Hill financial advisors, Nutbourne financial advisors, Burpham financial advisors, Rackham financial advisors, South Stoke financial advisors, Wiston financial advisors, Wiggonholt financial advisors, Thakeham financial advisors, West Chiltington financial advisors, Houghton financial advisors, Warminghurst financial advisors, Pulborough financial advisors, Greatham financial advisors, Sullington financial advisors, Abingworth financial advisors and more. Anybody who is looking for financial advice, will find that such services are available in practically all of these locations. Residents in the area can make enquiries about financial advice by going here.

Storrington Financial Advice Services

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Independent financial advisor in RH20 area, 01903.

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