Financial Advisor Peterborough

Financial Advisor Peterborough Cambridgeshire (PE1): It can be a daunting experience trying to find a first-rate independent financial advisor in Peterborough, in particular if it is the first time that you are needing financial advice. Whether you are looking for pension, mortgage, investment or even insurance guidance, all qualified financial advisors are bound by one common rule; they must all stick to the regulations set by the FCA (Financial Conduct Authority). This comes with certain guarantees, therefore after taking advice from a FCA registered financial advisor in Peterborough, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman, if anything goes wrong.

When picking a financial advisor in Peterborough, a good starting point could be friends and neighbours, but you must bear in mind that your circumstances might not be in line with theirs, and you may be in need of a different kind of advice. Financial advice needs to be individually tailored to your unique circumstances, and you'll find that certain financial advisors might not be suitable for you. Picking a financial advisor is a big decision and it is a good idea to talk with at least 3 different firms so as to investigate the various options they offer, and to find one you can trust and feel comfortable with.

Restricted advisors and independent financial advisors, are the two principal kinds of financial advisor in Peterborough. The benefit of seeing an IFA is that they should not be limited to just one company's services or products, and can offer a more extensive range of options. Independent financial advice must be offered in an impartial and unbiased way and should cover the entire spectrum of financial companies and products. If you elect to use an independent financial advisor, you'll be able to choose from the widest possible range of products, so as to find the right solution for your needs. A restricted advisor might be focused on a single product, as with a mortgage advisor, or be limited to services and products from a particular company.

The FCA requires that any financial advisor in Peterborough must be transparent about their charges, before taking you on as a client. You may be charged by the hour, a set fee or maybe even a specific percentage of your investment value, based upon product you're looking for. You may be offered the possibility of a free initial consultation to enable you to discuss your objectives and determine whether the advisor is a good fit for you and your situation. In some of the bigger Peterborough companies, you could find that your account is being handled by a team as opposed to an individual.

You'll need to complete a "Fact Find" document, which is a confidential disclosure form relating your financial situation and objectives to the advising firm. You'll also be handed a Key Facts or Initial Disclosure Document, which gives you information about the financial advisor, their situation for offering independent or restricted advice and their range of permissions in the financial arena. If you're not satisfied with the service, and wish to complain, this document should also lay out your rights and the possible options you can take. It should outline exactly what you are signing up for, and any potential benefits and risks if you opt to take the offered advice, and it has to be written in clear language. This document should also inform you of the cooling-off period. Within a specific number of days, this permits you to cancel the contract.

The very first time you're chatting with the financial advisor you'll want to check what qualifications and experience they've got. After all you're on the verge of entrusting your long-term financial wellbeing to their expertise, so you should not be self-conscious about asking these questions. All Peterborough financial advisors must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. If the advisor's name doesn't appear on the Financial Services Register, you shouldn't freak out, the company the advisor works for will almost certainly be on the register and their advisors are all covered by the regulations. If they're not able to provide this proof, the individual can't offer advice but is able to offer financial guidance. In financial terms guidance differs to advice and is not regulated in the same way. Therefore there is no recourse for either party if errors arise.

You will be asked the level of risk you're willing to accept, if you are seeking advice on investments. Higher risk investments could potentially offer substantial rewards, however all or some of your cash could be lost. In order to get the most effective financial and investment advice, your savings objectives will have to be considered, i.e. short or long term investments, how much you have to invest and how rapidly you need access to your money. One question you should ask yourself, which is frequently ignored, is how much money you can actually afford to lose. This is known as your capacity for loss and could influence the services and products that may be offered to you.

You must let your financial advisor know about your current personal savings, mortgages, regular payments or investments. To make certain that you receive the best advice for you, they need a full and clear picture of your financial situation. Diversifying your savings and investments by spreading the risk load across different products, is an important part of good quality financial advice. So as to reflect your goals and financial circumstances, an experienced financial advisor in Peterborough will be aware of the best products to consider.

A financial advisor will reveal the multifaceted world of finance, and try to converse in the clearest possible way. This will permit you to compare products and services that meet your needs, and make an informed decision. If you're mind is firmly on the environment, you could ask your advisor to stick to ethical investments and savings. This will allow you to lend support to businesses and companies that match your concerns, e.g. zero carbon or green energy, or perhaps avoiding corporations that don't meet your standards.

It's not always easy to work closely with a financial advisor in Peterborough without this impacting on your work and other responsibilities. This can be reduced by supplementing face-to-face meetings with telephone and video conferencing, thus enabling you to get the advice you need at convenient times. Working from home and remote working is now commonplace, and a competent financial advice firm in Peterborough will have rigorous measures in force to ensure your details are kept secure and confidential, even if you hardly ever have a one-to-one meeting with your personal advisor.

COMPLAINTS

Investments can go down as easily as they can go up, because the financial sector can be a volatile one. If it happens that your investment fails to make the amount of money you were hoping for, it can be a frustrating and worrying time. However, unless it's due to wrong or misleading information from your financial advisor, a downward spiral in your investment is not a recognised cause for complaint.

Any complaints should commence with the firm's complaints procedure as detailed in the Key Facts Document. You can tell the Financial Ombudsman about the issue if it is unresolved within the time period set by the regulating body, and the advisor is a member of the FCA.

The Financial Ombudsman will look into the cause of the complaint and come to a decision. A decision will be made on how to rectify or financially compensate the customer, if the complaint is upheld. Once the decision is accepted by the customer it becomes a legally binding decision that the financial advisor and their firm, must abide by. Any trouble, annoyance, distress and inconvenience caused to the client during the dispute, will be accounted for when the Financial Ombudsman fixes the level of compensation.

Financial advice can be provided in Peterborough and also in: Garton End, Walton, Longthorpe, Stanground, Fengate, Paston, Woodston, Orton Malborne, Whittlesey, Old Fletton, Wansford, New England, Westwood, Dogsthorpe, Bretton, Yaxley, New Fletton, and in these postcodes PE1 1YH, PE1 1SN, PE1 1NG, PE1 1AG, PE1 1GU, PE1 1JA, PE1 1ZL, PE1 1HF, PE1 1BA, and PE1 1RT. Locally based Peterborough financial advisers will likely have the postcode PE1 and the phone code 1733. Checking this will make sure that you access locally based financial advisers. Peterborough homeowners will be able to benefit from these and countless other comparable services. Click the "enquiry" banner to get specifics of financial advisors in your location.

Skills and Knowledge Needed to be Financial Advisors

• The ability to sell services and products.
• Excellent customer service skills for establishing client needs and requirements.
• An excellent level of mathematical knowledge for building financial strategies.
• A solid knowledge and understanding of accounting and economics associated with financial markets and products.
• Attentive interpersonal and listening skills.
• To be capable of using a computer and the appropriate software.
• Excellent skills in verbal communication.
• Effective management skills for the negotiation of product prices.
• To have excellent time management skills.
• To be thorough and pay attention to detail.
• To have the ability to network and build relationships with customers.

The Daily Tasks for a Financial Advisor

• Providing consultation, counselling and education with regards to finances and investments.
• Keeping up to date with law changes and new financial products.
• Negotiating with financial product providers.
• Frequently updating customers regarding their investments.
• Producing comprehensive financial reports.
• Researching financial products and explaining them clearly and simply to customers.
• Maintaining detailed records of potential clients and transactions.
• Working in collaboration with associates to obtain market information, trends and statistics.
• Talking to clients regarding their finances and plans.
• Meeting sales and performance targets.

Peterborough Financial Advice Services

There are a wide range of services that are provided by your local Peterborough financial advisor including tax financial planning, investment consolidation advice, multi-asset portfolios Peterborough, life insurance advice, personal protection, mutual funds, trustee investment services in Peterborough, mortgage financial planning, stakeholder pension advice, long term care fee advice, financial planning Peterborough, will writing services, financial analyst services, ISA's, ethical investments in Peterborough, personal financial planning in Peterborough, annuity purchase, cheap financial advice, pension advice Peterborough, retirement planning in Peterborough, financial advice services, life assurance, pension advice, independent financial advice, death benefits Peterborough, unit trusts, offshore investment advice, corporate bonds, pension consolidation advice Peterborough, trusts, and lots more. Listed are just a handful of the tasks that can be handled by a financial advisor. Peterborough professionals will be delighted to keep you abreast of their entire range of financial services.

Financial Advisors Near Peterborough

Also find: Paston financial advisors, Old Fletton financial advisors, Yaxley financial advisors, Longthorpe financial advisors, Walton financial advisors, Bretton financial advisors, Wansford financial advisors, Fengate financial advisors, Woodston financial advisors, Garton End financial advisors, Whittlesey financial advisors, Dogsthorpe financial advisors, New England financial advisors, Orton Malborne financial advisors, Stanground financial advisors, New Fletton financial advisors, Westwood financial advisors and more. Financial advisors are available for discussions in all these places. Home and business owners in the region can make enquiries about financial advice by clicking here.

Peterborough Financial Advice Services

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Independent financial advisor in PE1 area, telephone code 1733.

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