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Financial Advisors in the UK
Business Growth Services
Nottingham, Nottinghamshire, East Midlands, NG7 3EN
We bring strong multi-disciplinary project teams to bear supported by proven consulting methodologies, strong analytical tools and project management capability. Many of the professionals in our
Star Financial Planning
Cheshunt, Hertfordshire, East England, EN8 8NX
Our aim is to improve the long-term wealth and financial security for our client's, their family and their businesses. We achieve this through giving the best possible financial advice and sourcing
Mill Lane Asset Management
Melton Mowbray, Leicestershire, East Midlands, LE13 1JE
The great joy of financial freedom is having your heart and mind free from worry about life's uncertainties, and our aim is to pave the way for a more secure financial future for you, your family and
Nixon Financial Services
Portadown, County Armagh, Northern Ireland, BT62 3AP
In a similar way to most professions, there are differences between the manner in which financial planners operate. Some can be viewed as general practitioners, whilst others choose to specialise on
Financial Growth Solutions
Macclesfield, Cheshire, North West England, SK11 6QF
Cheshire based accountancy firm, Financial Growth Solutions, is run by Moira Evans. Moira is not only a qualified and experienced accountant, but also has significant experience as a business
Bfinance UK
Pimlico, South West London, London, SW1Y 4EL
The firm's in-house capabilities span all traditional and alternative asset classes. We have advised over 300 of the world's most sophisticated investing institutions controlling more than $1 trillion
Bishopsgate Financial Consulting
Barbican, City of London, London, EC2M 3UJ
In 2009 Bishopsgate Financial was established to deliver change management to the banking marketplace. At the heart of the company our mission is to be the preferred partner supporting our clients to
Advance Commercial Finance
Southampton, Hampshire, South East England, SO14 3FD
We specialise in all types of commercial finance. Please take a look at some of the products we can offer. Our friendly team will be happy to try and help with any products do not feature on our
EA Financial Solutions
North Finchley, North London, London, N12 8QA
We are a well-established IFA firm based in London which has been providing independent financial advice to corporate and individual clients. The Company has been successfully running over 10 years
L M J Financial Management
Tonbridge, Kent, South East England, TN12 5LX
LMJ is a firm of independent financial advisers specialising in the management of investment portfolios and pensions. We have been helping clients navigate complex financial markets since 2001 and
Beacon Independent Advice. Tredegar
Tredegar, Blaenau Gwent, Wales, NP22 3PW
Beacon IFA Ltd is Authorised and Regulated by the Financial Conduct Authority. The FCA does not regulate Will Writing, Personal Loans, Commercial Loans, National Savings products, some forms of buy to
D B Financial Services
Holywell, Flintshire, Wales, CH8 7GR
We are authorised financial advisers, who specialise in giving advice on a wide range of subjects to assist with your personal financial planning including, Investments, Inheritance Tax Planning,
Kane Financial Services
Comber, County Down, Northern Ireland, BT23 5AP
As established, reputable Finance Brokers, we provide a comprehensive range of asset funding options. Our services allow you to acquire the vehicles or equipment necessary for your business to
Strategic IFA
Southend on Sea, Essex, East England, SS1 1EF
Our wealth management service is designed specifically to discover your own financial vision and move you well towards your goals. We will work with you to create your personal financial vision and
Pro Advice Financial Services
Rushden, Northamptonshire, East Midlands, NN10 0PR
When taking out life cover you may be surprised to find out just how many things there are to know about life insurance! To help to prepare you, please find the Proadvice guide to useful life
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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