Financial Advisor Torquay

Financial Advisor Torquay Devon (TQ1): Finding a decent financial advisor advisor in the Torquay area can be a challenging experience, especially if you are needing financial advice for the first time. Nevertheless, all financial advisors have one thing in common; they must all follow the regulations of the FCA (Financial Conduct Authority), regardless of whether you're after pensions, mortgage, investment or even insurance advice. This comes with certain guarantees, thus after getting advice from a FCA approved financial advisor in Torquay, you can seek reparation from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if anything goes wrong.

Recommendations from friends and neighbours can be a decent starting place in selecting a financial advisor in Torquay, but remember that their circumstances could be different to what you're looking for. Not every financial advisor is suitable for everybody, and their advice should be tailored to your particular circumstances. To investigate the options they are offering and find a financial advisor that you feel comfortable with and can trust, it is wise to chat to at least three different firms, because choosing a financial advisor is an important decision.

When it comes to picking a financial advisor in Torquay, there are basically 2 principal types; restricted advisors and independent financial advisors. The advantage of seeing an independent financial advisor is that they should not be restricted to a single company's products or services, and can offer a more diverse range of options. Independent financial advice should be given in a frank and unbiased way and should cover the whole spectrum of financial companies and products. This will permit you to select from the widest range of services to match your needs. A restricted advisor might be limited to services and products from a specific provider, or may even concentrate on one particular product, as can be the case with a mortgage advisor.

Before any Torquay financial advisor takes you on as a client, they're required by the FCA to be transparent about their charges. Although it varies depending on the kind of service you are looking for, there may be an hourly rate, a set fee, or you might even be charged a percentage of what you are investing. To discuss your aims and determine whether the advisor is the correct fit for you and your circumstances, a free preliminary consultation may be offered. If you go with one of the larger Torquay firms, your account might be handled by a team of advisors rather than just one individual.

To summarise your financial situation and objectives to the advising company, you'll have to fill out a "Fact Find" form, which is a confidential disclosure document. You should also be handed a Key Facts or Initial Disclosure Document, which provides you with information on the financial advisor, their situation for offering restricted or independent advice and the extent of their permissions in the financial arena. This document will also make clear your own rights and your options if you are not happy with the service provided, and would like to submit a complaint. It should be written in plain language and detail what you're signing up for, and any possible benefits and risks should you opt to accept the offered advice. You'll find the amount of cooling-off period in the Key Facts Document. This makes it possible for you to cancel your contract with the financial advisor within a certain time period, and if any penalties are incurred.

The first time you're talking with the financial advisor you'll want to check what experience and qualifications they've got. Asking such questions shouldn't be a cause for embarrassment, because after all you are entrusting them with your financial future. A Level 4 qualification is the minimum required certification for any financial advisor in Torquay, and they also have to be able to present you with an annual Statement of Professional Standing. If your advisor's name does not appear on the Financial Services Register, don't stress, the firm the advisor works for should be found on the register and their advisors are all covered by the regulations. If these cannot be presented the person may still offer financial guidance rather than financial advice. In financial terms guidance is somewhat different to advice and is not regulated in the same way. Therefore there is no recourse for the client if errors are made.

If you're looking for advice on investments you will be asked the level of risk you're comfortable with. Higher risk investments may offer higher rewards, but all or some of your cash could be lost. Your savings aims must be carefully considered if good quality investment advice is to be given, i.e. how quickly you need to access your money, long or short term investments and how much you have to invest. You should always ask yourself the one important question, how much money can you truly afford to lose. Commonly called your capacity for loss, this will very likely influence the products and services that you're offered.

You need to let your financial advisor know about any existing savings accounts, mortgages, regular outgoings or investments. This should give a clear and full picture of your financial situation, without which the advice you get will most likely not be the best for you. Good quality financial advice should allow for diversifying your investments and savings by spreading the risk across a range of different products. A qualified financial advisor in Torquay will have the knowledge of the best areas to consider, which match your goals and your financial situation.

Communicating in the plainest speech possible, your financial advisor will lay bare the complex world of finance and investment. You should be able to make an informed and educated decision when you have compared the various products and services that meet your needs. You could ask your financial advisor to only specify ethical savings and investment schemes. You will then be able to keep away from corporations that corporations meet your requirements, and instead lend your support to those enterprises and companies that address your concerns, for instance zero carbon or renewable energy.

Working together with your financial advisor in Torquay can be difficult to fit in around your work day and other commitments. This can be alleviated by supplementing face-to-face meetings with video conferencing and telephone calls, therefore allowing you to get the guidance you need at times that are convenient. An established financial advice provider in Torquay will have stringent measures in place to ensure your details are kept secure and confidential, even if you never have an in-person meeting with your advisor, because home and remote working is now so common.

COMPLAINTS

Investments can be a volatile area, and their values could go down as easily as they go up. If your investment isn't making the amount of money you hoped for, it can be very worrying and frustrating. However, except if it's because of misleading or wrong information from your financial advisor, a downward trend in your investment is not a recognised grounds for complaint.

The firm's complaints procedure should be the starting point for any disputes, and the Key Facts Document will clarify this. If the matter is unsolved within the time period laid down by the regulating body, and your advisor is registered with the FCA, you can inform the Financial Ombudsman.

After looking into the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. A decision is made on how to financially compensate the customer, if the complaint is upheld. Once the ruling has been accepted by the client it becomes a legally binding decision which the advisor and their company, must abide by. Any annoyance, hassle, distress and inconvenience caused to the client during the process, will be taken into account when the Financial Ombudsman establishes the level of compensation.

Financial advice can be provided in Torquay and also in nearby places like: Tweenaway, Hele Cross, Barton, Edginswell, Maidencombe, Shaldon, Marldon, Babbacombe, Torre, Hollicombe, Kingskerswell, Cockington Village, Shiphay, Combe Pafford, Paignton, Watcombe, St Marychurch, together with these postcodes TQ1 1RF, TQ1 1LG, TQ1 1DU, TQ1 1NR, TQ1 1QH, TQ1 1QR, TQ1 1HL, TQ1 1JS, TQ1 1DS, and TQ1 1RB. Local Torquay financial advisors will likely have the phone code 01803 and the postcode TQ1. Checking this will guarantee that you're accessing locally based financial advisers. Torquay home and business owners will be able to benefit from these and numerous other similar services.

Torquay Financial Advice Services

There is a variety of services which can be provided by your local Torquay financial advisor including independent financial advice, pension reviews Torquay, pension consolidation advice Torquay, cashflow analysis Torquay, investing an inheritance, money planning Torquay, trusts, trustee investment services, tax planning Torquay, portfolio management Torquay, business protection Torquay, financial planning, inheritance tax planning, pension drawdowns Torquay, cash flow modelling, personal pensions advice, general financial planning in Torquay, saving for children in Torquay, offshore investment advice in Torquay, pension advice, corporate bonds, wealth management, stakeholder pension advice in Torquay, life insurances, long term care fee advice, cheap financial advice Torquay, annuities in Torquay, business planning, financial analyst services, savings advice Torquay, and more. Listed are just some of the activities that can be carried out by a financial advisor. Torquay professionals will be delighted to keep you abreast of their full range of financial services.

Day to Day Tasks of a Financial Advisor

• A financial advisor works together with peers to gather market information, trends and statistics.
• A financial advisor updates clients regarding their investments.
• A financial advisor meets targets for performance and sales.
• A financial advisor keeps fully up to date with new financial products and law changes.
• A financial advisor produces detailed financial reports.
• A financial advisor provides consultation, counselling and education with regards to investments and finances.
• A financial advisor keeps detailed records of potential transactions and customers.
• A financial advisor talks to customers regarding their finances and plans.
• A financial advisor collaborates with financial product providers.
• A financial advisor recommends the best-suited financial products to clients.

Financial Advisors Near Torquay

Also find: Cockington Village financial advisors, Tweenaway financial advisors, Watcombe financial advisors, Marldon financial advisors, Hollicombe financial advisors, Babbacombe financial advisors, Torre financial advisors, Paignton financial advisors, Barton financial advisors, Shiphay financial advisors, Shaldon financial advisors, Combe Pafford financial advisors, Hele Cross financial advisors, Maidencombe financial advisors, Edginswell financial advisors, Kingskerswell financial advisors, St Marychurch financial advisors and more. Financial advisers are available for consultation services in all of these locations. Home and property owners in the area can make enquiries about financial advice by going here.

Torquay Financial Advice Services

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

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