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Financial Advisors in the UK
Chambers Lewis
Maidenhead, Berkshire, South East England, SL6 6AR
Lewis Chambers has gained a reputation for providing innovative tailored solutions through sound financial advice offered by our experienced advisers and client relationship management team. We
Browning Financial Planning
Torquay, Devon, South West England, TQ2 6PH
Our firm specialise in the area of "later life" financial planning. For example, we offer advice on how to preserve your assets for the next generation and how to put your affairs in order. We are
Blue River Wealth Management
Lymm, Cheshire, North West England, WA13 0QG
Mike Dobson, founder and principal of Blue River Wealth Management, decided to set up his own firm after years of working within the confines of a larger organisation. We address your questions,
Nationwide Debt Solutions
St Neots, Cambridgeshire, East England, PE19 2PJ
Anglian Commercial Finance is a one stop shop for the financial activity of your business. We specialise in responding to the needs of small to medium sized businesses. We can help you protect and
J P Leefe
John is the founder and Senior partner of J P Leefe & Company. Graduating in business and marketing in 1977 he entered the world of high finance in 1980 before setting up the company in 1983 which
Charles Wilkinson Financial Planning
York, North Yorkshire, Yorkshire and the Humber, YO10 4BB
Stephen and Veronica provide bespoke financial advice and planning to customers across North Yorkshire, whether you live in Harrogate, Knaresborough, Northallerton, Scarborough, Selby or York we are
Serenity Financial Planning
Pinner, North West London, London, HA5 5PA
Never before has managing your money and planning your financial future been as important as it is today - but most people find it hard to know where to start. At Serenity, we believe that it starts
Rural Finance
Formed in 2004, we are the largest Independent Finance Brokering Network throughout England, Scotland, Wales and Northern Ireland. As indicated by our name, we deal primarily in agricultural finance,
Harmony Wealth Management
Chesterfield, Derbyshire, East Midlands, S41 0SJ
In an ever changing environment, we are a fresh, forward - thinking company, always striving to tailor our services to your individual requirements. We have a wealth of experience, and so when change
Advanced Financial Planning
Inverurie, Aberdeenshire, Scotland, AB51 3XS
Financial Advisers based in Aberdeen, offering consultancy, support & financial planning. Our experienced, qualified financial advisors have been serving clients both private and corporate across
Prosperity Financial Advisors & Stockbrokers
Fareham, Hampshire, South East England, PO16 7JH
At Prosperity we deliver professional independent advice to our clients. Using our core principles of integrity, fairness & respect, we build long-term relationships that are based on trust with the
Clarity Mortgages
Sidcup, South East London, London, DA14 6ND
We specialise in providing you with quality, professional financial advice that you can trust. Whatever your particular requirements, whether it be a mortgage, remortgage, buy to let, or protection
Leeburn Financial Planning
Lisburn, County Antrim, Northern Ireland, BT28 1XN
This often means, worrying less about comparing your investment returns to the FTSE 100, or listening to 'financial experts' who try and predict the markets or sell you the next big 'thing'. Instead,
Albert Goodman
Taunton, Somerset, South West England, TA1 3NW
Are you concerned about the continually changing financial market and its effect on pensions and investments? We help individuals and business owners make the right financial decisions. Are you
Appletree Financial Solutions
Poulton le Fylde, Lancashire, North West England, FY6 7AA
Our mission is to provide you with the ability to identify your life goals and then help you plan for them. LONDON - Britain's economic growth rate was stronger than previously estimated last year and
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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