Financial Advisor Guildford

Financial Advisor Guildford Surrey (GU1): Finding a first-rate independent financial advisor in the Guildford area can be a daunting experience, in particular if you're needing financial advice for the first time. Nevertheless, all financial advisors have one thing in common; they must all conform to the regulations laid down by the FCA (Financial Conduct Authority), regardless of whether you're looking for investment, pension, mortgage or even insurance guidance. Any advice given from a FCA authorised financial advisor in Guildford comes with certain guarantees that if things go awry, you have access to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.

Recommendations from neighbours and friends can be a good starting point in selecting a financial advisor in Guildford, but bear in mind that their circumstances may be different to the type of advice you're looking for. Any advice they offer should be personalised to your unique circumstances, and every financial advisor is not suitable for everyone. Selecting the right financial advisor is crucial and it pays to chat to at least three different companies so as to investigate the various options they can offer, and to find one that you can trust and feel comfortable with.

When it comes to picking a financial advisor in Guildford, there are basically two principal types; restricted advisors and independent financial advisors (IFA). The advantage of using an IFA is that they won't be limited to just one company's products or services, and can offer a wider range of options. Independent financial advice should be offered in an impartial way and should cover the full spectrum of financial products and companies. This will allow you to select from the broadest range of services to meet your needs. A restricted advisor might be focused on a single product, such as a mortgage advisor, or be limited to services and products from a single company.

The FCA requires that any Guildford financial advisor must be transparent about their charges, before taking you on as a client. Contingent on the product you require, you could be charged by the hour, a set fee or even a slice of your investment value. To enable you to discuss your aims and determine whether the advisor is a right fit for your circumstances, a free preliminary consultation could be offered. In some of the larger Guildford companies, you may find that your account is being handled by a team rather than an individual.

Before any actual advice is given you'll need to fill out a confidential disclosure form, known as a "Fact Find" document, which informs the advising company about your aims and financial situation. To provide information about the financial advisor, their status to offer independent or restricted advice and the extent of their permissions in the financial sector, you'll also be handed an Initial Disclosure, or Key Facts Document. If you are not happy with the service provided, and wish to complain, this document will also lay down your own rights and the possible options you can take. It has to be simple to understand, written in plain English, and outline precisely what you're signing up for, together with the risks and benefits of going along with the advice. This document will also tell you about the cooling-off period. This makes it possible for you to change your mind within a certain period of time, and cancel your agreement with the financial advisor.

Ensure that you check what qualifications and experience the financial advisor has when you first speak with them. After all you are about to entrust your long-term financial wellbeing to their expertise, so you shouldn't be self-conscious about asking these questions. All Guildford financial advisors must hold at least a Level 4 qualification and be in a position to present an annual Statement of Professional Standing. You shouldn't worry if your specific advisor's name does not appear on the Financial Services Register, so long as the company is listed on the register, their advisors are covered by the legislation. The individual may still offer financial guidance as opposed to advice, if these can't be presented. Guidance differs to advice as it's not regulated, and if errors are made there will probably be no recourse to either party.

If it is investing money that you're interested in, the advisor will need to know the amount of risk you might be ready and able to accept with your hard-earned cash. Many investments carry some element of risk, but higher risk investments could potentially offer larger rewards, and also more likelihood of losing your funds. In order to get the best financial and investment advice, your savings objectives will need to be carefully considered, i.e. how much cash you want to invest, how rapidly you need access to your money and long or short term investments. "How much can you afford to lose?" Is the one important question that you should really be asking yourself. This is referred to as your capacity for loss and may affect the services and products that may be offered for your consideration.

If you have already got any existing mortgage loans, personal savings, investments or regular payments, you'll want to tell your financial advisor about these. This will provide a full and clear picture of your financial circumstances, and without this the advice you are given might not be the most appropriate for you. Spreading the risk across various products by diversifying your savings and investments, is something that good quality financial advice should encompass. A professional financial advisor in Guildford will understand the best products to consider, which mirror your goals and your financial situation.

Communicating in the clearest possible way, your financial advisor will reveal the complex world of investment and finance. This will allow you to compare services and products which match your needs, and make an informed decision. You could ask your financial advisor to only choose ethical investments and savings. This will allow you to support enterprises and companies that match your concerns, e.g. green energy or zero carbon, or perhaps steering clear of investments that do not meet your standards.

Working closely with a financial advisor in Guildford can be challenging to manage around your work life and other obligations. Face-to-face appointments can be supplemented with phone calls and video conferencing to enable you to seek advice at times that suit you. Even if you hardly ever have a face-to-face meeting with your personal advisor, an experienced financial advice firm in Guildford will have rigorous measures in force to ensure your details are kept secure and confidential, because home and remote working is now a large part of our society.

COMPLAINTS

Investment values could drop as well as rise, and this is something that you must always remember. It can be quite stressful and frustrating if your investment isn't making as much money as you hoped for. Unfortunately, your investment having a downward trend isn't a recognised basis for complaint, except if it's owing to incorrect or misleading information from your financial advisor.

The firm's complaints procedure should be the starting position for any grievances, and the Key Facts Document will explain this. If the issue remains unsolved within the time set out by the regulating body, and your financial advisor is registered with the Financial Conduct Authority, you can inform the Financial Ombudsman.

The Financial Ombudsman will independently review the cause for complaint and come to a decision. If it's established that the complaint is legitimate, a decision will be made on how the client can be financially compensated. The advisor and their company must comply with any ruling that's made by the Ombudsman, which becomes a legally binding decision as soon as the customer has accepted it. Any compensation as set out by the Financial Ombudsman will also take into consideration any hassle, annoyance, inconvenience and distress caused to the customer during the dispute.

Financial advice can be provided in Guildford and also in: Jacobs Well, Stoughton, Peasmarsh, East Clandon, Woodbridge Hill, Chilworth, Sutton Green, Farncombe, Wanborough, Merrow, Onslow Village, Shalford, Burpham, Albury, Wood Street Village, Artington, Woodbridge, Burntcommon, Bellfields, West Clandon, Compton, Littleton, and in these postcodes GU1 1SA, GU1 1JR, GU1 1RG, GU1 1PJ, GU1 1ET, GU1 1FA, GU1 1PT, GU1 1PQ, GU1 1NT, and GU1 1PD. Local Guildford financial advisors will likely have the postcode GU1 and the phone code 01483. Checking this out can ensure you access local financial advisers. Guildford home and business owners are able to benefit from these and countless other comparable services.

Guildford Financial Advice Services

There are a wide range of services which are provided by your local Guildford financial advisor including mortgage services in Guildford, offshore investment advice, equity release Guildford, pension transfer advice, trustee investment services in Guildford, life assurance advice, retirement plans, money planning, ISA's, investment bonds, business financial planning in Guildford, investment plans, life insurance advice, annuities, critical illness cover in Guildford, long term care fee planning, corporate financial planning, pension reviews, bereavement benefits, general financial planning, pension planning, personal pensions advice, financial planning, cash flow modelling, investing an inheritance, unit trusts, stakeholder pensions, business protection Guildford, family income benefit Guildford, tax financial planning, and lots more. These are just a few of the activities that can be handled by a financial advisor. Guildford professionals will keep you informed about their entire range of financial services.

Essential Skills for a Financial Advisor

• Excellent skills in customer service for finding out customer requirements and needs.
• Attentive listening skills.
• Good management skills for negotiating product rates.
• An excellent level of maths knowledge for developing financial strategies.
• An outstanding knowledge and understanding of economics and accounting relating to financial products and markets.
• To have the ability to network and establish relationships with customers.
• To have excellent IT skills.
• The ability to sell services and products.
• To be thorough and pay attention to detail.
• Outstanding skills in verbal communication.
• To be target driven.

The Day to Day Duties of a Financial Advisor

• Producing comprehensive financial reports.
• Working in conjuction with colleagues to collect trends, statistics and market information.
• Meeting targets for performance and sales.
• Maintaining a record of transactions and clients.
• Making deals with with financial product providers.
• Providing counselling, consultation and education regarding investments and finances.
• Frequently updating clients concerning their investments.
• Recommending the financial products that are best-suited to clients.
• Keeping abreast of new financial products and law changes.
• Chatting with clients about their plans and finances.

Financial Advisors Near Guildford

Also find: Sutton Green financial advisors, Littleton financial advisors, Jacobs Well financial advisors, Stoughton financial advisors, Shalford financial advisors, Albury financial advisors, East Clandon financial advisors, Peasmarsh financial advisors, Woodbridge Hill financial advisors, Onslow Village financial advisors, Chilworth financial advisors, Bellfields financial advisors, Wood Street Village financial advisors, Wanborough financial advisors, Farncombe financial advisors, Burntcommon financial advisors, Compton financial advisors, Woodbridge financial advisors, Burpham financial advisors, Merrow financial advisors, Artington financial advisors, West Clandon financial advisors and more. All these towns and villages are served by financial advisors. Home and property owners in these places can make enquiries about financial advice by going here.

Guildford Financial Advice Services

Find a Financial Advisor in Guildford Here

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If you're interested in local Guildford information take a look here

Independent financial advisor in GU1 area, (dialling code 01483).

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