The Process
How does it all work?
At Davey Wealth Management we offer a holistic look at your financial circumstances and advise on specific areas of need.
Following an initial consultation, we will agree a way forward if we feel we can add value to your financial circumstances. We hope that this will be the start of a longer term relationship looking after your financial needs and helping you to achieve your objectives and goals.
Below is the process we use.
Treating clients fairly
We are a people’s business and so we never lose sight of the fact that it is our clients who help to shape our company and make it the success it is today.
That is why we continually strive to ensure that our clients receive a market leading service when it comes to independent financial planning that they can really see the benefits of. Most importantly we take the time in the beginning to discuss with you your financial aspirations now and for the later years. Davey Wealth Management Ltd is structured to enable us to spend more time with clients thus providing you with an unparalleled relationship based financial planning service together with a personalised approach and professional skills within the industry.At Davey Wealth Management Ltd, we will always aim to treat every client fairly and honestly. We are authorised and regulated by the Financial Conduct Authority (FCA), and adhere to their guidelines in this area.The FCA has identified six desired outcomes that demonstrate that a firm is treating its clients fairly, which are as follows:
THE SIX CONSUMER OUTCOMES
1. Consumers can be confident that they are dealing with firms where the fair treatment of customers is central to the corporate culture.
2. Products and services marketed and sold in the retail market are designed to meet the needs of identified consumer groups and are targeted accordingly.
3. Consumers are provided with clear information and are kept appropriately informed before, during and after the point of sale.
4. Where consumers receive advice, the advice is suitable and takes account of their circumstances.
5. Consumers are provided with products that perform as firms have led them to expect, and the associated service is of an acceptable standard and as they have been led to expect.
6. Consumers do not face unreasonable post-sale barriers imposed by firms to change product, switch provider, submit a claim or make a complaint.For further information on Treating Customers Fairly please visit the Financial Conduct Authority website here.
[Source: www.fca.org.uk – By following this link you will leave the website of Davey Wealth Management Ltd and view the content of an external website. Davey Wealth Management Ltd cannot be held responsible for the content of external websites.]
Independent Advice
Davey Wealth Management provides fully independent financial planning advice to both individuals, trustees and businesses on how to best meet their financial objectives.
Independent Financial Advisers are able to select the correct product for customers from using a comprehensive and fair analysis of the relevant market – this means that we can recommend any product from any company provided it suits the customer’s needs and objectives. With such a wide choice of companies, investments and saving tools, our customers can be reassured that they are not simply being provided with a standard recommendation but instead are receiving personalised advice.
Independent versus Restricted Advisers
The easiest way to describe an Independent Adviser is to state that they are unrestricted in how they can advise you and any adviser that is not independent will be restricted to some degree or extent. The current regulatory environment has provided a distinct line between advisers that are Independent and those that are Restricted. Using the definition and explanation provided by the Regulator (the Financial Conduct Authority – FCA, please see ‘source’ link below).
The Independent Adviser will provide independent advice and is able to consider and recommend all types of retail investment products that could meet your needs and objectives. Independent advisers will also consider products from all firms across the market, and have to give unbiased and unrestricted advice.
A restricted adviser or firm can only recommend certain products, product providers, or both.
[Source: www.fca.org.uk – By following this link you will leave the website of Davey Wealth Management Ltd and view the content of an external website. Davey Wealth Management Ltd cannot be held responsible for the content of external websites.]
- The adviser or firm has to clearly explain the nature of the restriction. If you are not sure you should ask for further information, but some examples of restricted advice are where
- The adviser works with one product provider and only considers products that company offers. • The adviser considers products from several – but not all – product providers.
- The adviser can recommend one or some types of products, but not all retail investment products.
- The adviser has chosen to focus on a particular market, such as pensions, and considers products from all providers within that market. Restricted advisers and firms cannot describe the advice they offer as ‘independent’. All advisers have to make it very clear to you what status they have. The importance of this distinction is further highlighted by the Citizen’s Advice Bureau – (www.adviceguide.org.uk – By following this link you will leave the website of Davey Wealth Management Ltd and view the content of an external website. Davey Wealth Management Ltd cannot be held responsible for the content of external websites.)
Davey Wealth Management Ltd. Registered Office: C/O Lowe Henwood, The Lodge, 149 Mannamead Road, Plymouth PL3 5NU
Registered in England & Wales No.12380133 Davey Wealth Management Ltd is an appointed representative of Vision Independent Financial Planning Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Number 487395. This can be verified by visiting the Financial Services Register.
The guidance and/or advice contained within this website is subject to the UK Regulatory regime and is therefore aimed at customers in the UK. The Financial Conduct Authority does not regulate Inheritance Tax and Estate Planning, Wills, Trusts, Business Finance, National Savings and some forms of Individual Savings Accounts.
The future value of investments can fall as well as rise and is not guaranteed.