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Financial Advisors in the UK
Thompson Financial Consulting
Hadleigh, Suffolk, East England, IP7 6DN
Thompson Financial Consulting IFA may be able to help you get to grips with your finances so that you can create and protect your wealth. With Thompson Financial Consulting, Independent Financial
Cavendish Financial Solutions
Eastbourne, East Sussex, South East England, BN21 4UQ
Are you looking for Independent financial advice? No matter if you're looking to buy your first home, buying a brand new home, moving home or remortgaging. As a specialist local broker Cavendish
D G Pryde
Helping individuals to protect their families, to develop their capital, to generate assets both proficiently and professionally. To display integrity and attentiveness to all our valued clients whom
Bartholomew Financial
Bartholomew Financial Limited is a firm of independent financial advisers dedicated to delivering unbiased, unrestricted, financial advice best suited to our client's circumstances and objectives.
Barnsley Financial Services
Barnsley, South Yorkshire, Yorkshire and the Humber, S70 9GG
We pride ourselves on our ability to provide exceptional levels of customer service and offer bespoke support tailored to the needs of our clients and their business objectives. As a forward looking,
CJT Financial Planning
Bolton, Greater Manchester, North West England, BL1 4AP
CJT Financial Planning provide comprehensive, unbiased and independent advice on a wide range of financial matters including pensions and retirement planning (incorporating the latest 'pension
First Financial Solutions
Gerrards Cross, Buckinghamshire, South East England, SL9 9QL
We provide advice to private clients and companies on all aspects of financial planning, through a long term approach of fully understanding our clients' needs, wants and aspirations and then
FinancialPlanningWithCare
Burnham, Buckinghamshire, South East England, SL1 8DF
The wide range of skills, technical resources and knowledge within the Eacotts practice ensures Eacotts Financial Services has access to experts in related fields whenever needed. Typically they
Dukes Financial Planning
Rayleigh, Essex, East England, SS6 7LR
We are one of an elite number of UK firms who have been awarded the prestigious status of corporate Chartered Financial Planners. We are committed to providing objective and comprehensive advisory
Intrinsic Financial Services
Swindon, Wiltshire, South West England, SN3 1SA
Whether you're a financial adviser looking to enhance your business, or an individual looking for financial advice, Intrinsic Financial Services is the ideal partner to help you. As a financially
La Bourse
Camden Town, North West London, London, NW1 5HE
As professional independent financial advisers, we specialise in giving advice to clients on a wide range of financial matters. We are able to give clear, easy to understand advice to meet your
MacManus Asset Finance
Hengoed, Caerphilly, Wales, CF82 7FN
MacManus Asset Finance Ltd was established in 2005 by our Managing Director, Chris MacManus, who left a successful career of almost a decade as a Senior Relationship Manager at the UK's largest asset
Baxter & Lindley Financial Services
Tring, Hertfordshire, East England, HP23 5AH
Preventing overpayment of tax and avoiding the sometimes biased recommendations of banks and building societies are just two of the many benefits of meeting with a financial adviser. After more than
Simply Insurance (Bath)
Bath, Somerset, South West England, BA1 1LA
Our experience means we know what works and what doesn't. We access the whole of the market for suitable products to meet your requirements. This means we are well positioned to deliver the highest
Portland Business & Financial Solutions
Poole, Dorset, South West England, BH12 4PY
We are an industry leader in helping businesses deal with financial distress and achieve financial stability through better cashflow. Your business is probably your most important asset so don't risk
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Do you wonder what a financial advisor does for a living? Maybe you need the professional assistance and help of a financial advisor? We can help you choose the right financial advisor and specialist in that field by sharing more about what a financial advisor does and how they can help you. Stay tuned to learn more.
Why Choose a Financial Advisor?
In a nutshell, a financial advisor is this type of specialist who will advise you on your financial endeavours and affairs, the investments you want to make, some good financial opportunities for you, the course of action you may take for your best. Naturally, people are not used to sharing a lot about our current financial situation and our plans. However, It is literary the job of the financial advisor to know about your plans, aspirations, financial past and help you explore a window of good opportunities. This article will provide you with an overview of what a financial advisor actually does and how the right financial advisor will help you choose the appropriate investments for you. With the help of such information, you will be able to choose the right financial advisor for you. At the end of the day, a financial advisor is someone you have to fully trust and rely on. Therefore, make sure to follow our tips and recommendations and also go with your guts, when choosing a financial advisor.
What does a financial advisor do?
Think of your financial advisor as a planning partner. In order to accomplish your financial goals, you can benefit a lot from the professional help of a financial advisor. A skilled professional with the right licenses and qualification if someone who will help you make all good plans become a reality.
A financial advisor can be competent and help you in different aspects, including the amount of money you should save in order to finance your plans and goals, the types of accounts that are best for you, the kinds of insurance that is best for you, estate and tax planning, etc. Part of the job of a financial advisor is also to help you understand how you can achieve your future financial goals. A financial advisor will have enough understanding, knowledge, and expertise in financial topics and be able to help you understand them too. Such financial topics a financial advisor will most likely discuss with you include budgeting, saving, complex investment, insurance, tax matters, etc.
However, the first thing a financial advisor will do for you when you start working together is they learning more about your financial health and current financial situation. It is impossible to make a solid plan for a financial future if you don’t know where you stand at the moment. Therefore, a financial advisor will start with this aspect, typically learning more about your financial health through a detailed questionnaire they will give you to fill in. Make sure to provide honest and detailed answers, as this will help the financial advisor understand all important information about you and your financial health.
Financial Advisor and the Financial Questionnaire
The way you will fill in the questionnaire you are given by the financial advisor will determine how well and detailed they will be informed of your assets, liabilities, income, expenses. This questionnaire will typically also cover topics such as future pensions, income sources, project retirement needs, long-term financial obligations if any. You should also let the financial advisor know more about your investment preferences. This initial stage of assessment of your financial plans and current situation also includes other aspects including insurance issues, your tax situation, your current estate plan, other possible professionals you are involved with on your planning team, including lawyers, solicitors, accountants, etc.
Financial Advisor and a Financial Plan
Once the financial advisor collects, assesses, and reviews all the details and information you provide them with, they will be ready to create a comprehensive financial plan for you that will pretty much turn into the roadmap of your financial future and provide you with guidelines. Such a financial plan will summarize your current financial situation and all key details you have provided and will also include all the financial goals you and your financial advisor have already discussed and planned. Such a document will cover a few important topics, including your risk tolerance, estate-planning details, family situation, long-term care risk, other possible present and future financial issues. Next, the financial advisor will continue the financial plan by mentioning all potential best- and worst-case retirement scenarios and the needed steps that have to be taken for preventing the worst-case scenarios.
Financial Advisor Plans Action Steps
A financial advisor is a professional, who is involved in not only helping you with investments but also dissecting and improving every aspect of your financial life and situation. In fact, it is not even necessary to hire a financial advisor in order to get professional advice on investments. However, most people will opt for the help of a financial advisor mainly because of investments. In this case, the job of the financial advisor is to set an asset allocation, keeping in mind your risk tolerance and risk capacity. What an asset allocation determines is how percentages of your total financial portfolio will be allocated towards different asset classes. Additionally, the financial advisor will adjust your asset allocation based on your current age and how long you have before retirement. The financial advisor will work in accordance with the law and regulations in the field and also with their own or their company’s investment policy when they buy and sell financial assets.
Financial Advisor and Investments
It is important for you to understand what and why your financial advisor is recommending. Don’t follow their recommendations blindly, always make sure to ask questions, if you are concerned or not sure you understand something. Also, keep a close eye on the fees you are paying to your financial advisor. Ask your financial advisor why they recommend an investment, also if they will get a commission by selling you this investment. Pay attention to the investment philosophy of the financial advisor’s firm too.
Why choose a financial advisor?What does a financial advisor do?
Financial advisor and the financial questionnaire
Financial advisor and a financial plan
Financial advisor plans action steps
Financial advisor and investments