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Financial Advisors in the UK
Sterling & Law, IFA Ealing
Ealing Common, West London, London, W5 5RG
Sterling & Law Ealing is a firm of independent financial advisers. We specialise in providing pension and investment advice to individuals and businesses. As independent financial advisers we are not
M C B Financial Planning
Brierley Hill, West Midlands, West Midlands, DY5 3LG
MCB Financial Planning Limited is a customer focused Independent Financial Adviser and Mortgage business. In the field of corporate and personal financial planning, advice has to be more than simply
Brook-Dobson Brear
Harrogate, North Yorkshire, Yorkshire and the Humber, HG2 8RB
Brook-Dobson Brear was established in 2006 by Tim Brear and Andrew Brook-Dobson. We provide a comprehensive lifestyle financial planning service within the framework of a long-term relationship with
Formula
Selsdon, South London, London, CR2 6EB
Formula has a reputation built upon two main foundations: independence and service. We believe that trusted, prompt service is still key to a successful business, hence we offer new clients the
CountryWise Finance
Birmingham, West Midlands, West Midlands, B16 8QG
Having an established track record of 37 years experience in the financial services industry, we have the expertise in the areas of mortgages, loans, insurance and managing your general finances.
Swallow Financial Planning
Marylebone, West End, London, W1G 0PW
A financial adviser will help plan your finances and answer questions like: How do I meet my obligations to myself and my partner whilst at the same time supporting my dependants or How can I legally
Howard Mortgages
Torquay, Devon, South West England, TQ3 2EP
Here at Howard Mortgages, great customer service is at the heart of everything we do and we treat every client with the same care and attention we would want to receive. We pride ourselves in not
MFP Wealth Management
Christchurch, Dorset, South West England, BH23 4BA
We are a pioneering wealth advisory firm dedicated to helping successful clients achieve fulfilment in retirement. As an award-winning firm of Chartered and Accredited Financial Planners we have an
Johnsons Chartered Accountants
Ealing Common, West London, London, W5 5TL
Johnsons Chartered Accountants was founded in 1981 by the Johnson family consisting of father and two sons, all of whom were accountants. Since its early days we have evolved into a progressive and
Buxton Beresford Financial Planning
Farnham, Surrey, South East England, GU9 7UG
Buxton Beresford are highly-regarded Independent Financial Advisers in Farnham, Surrey. Formed by a director, Mark Beresford in 2011, the practice works with a broad client base. This ranges from
Howard Bethel Financial Services
Telford, Shropshire, West Midlands, TF3 2NR
We are a small but perfectly formed company of specialist Mortgage Consultants based in Telford. We have been providing bespoke financial plans for our customers in the Shropshire area for many years.
Consilium Asset Management
Bristol, South West England, South West England, BS37 6AA
Most of us have concerns about what we're doing right now and what could happen in the future: Am I spending enough quality time with my family? Are the long hours and stress worth it? Life isn't just
Intuitive Financial Associates
Nottingham, Nottinghamshire, East Midlands, NG15 8AA
We are a highly principled firm of Independent Financial Advisers, offering full Holistic Financial Planning and Wealth Management services. We are trusted among our Clients, whether individuals,
Pavey Group Financial Services
Torquay, Devon, South West England, TQ2 7FA
Pavey Group have been providing Insurance, Risk Management, Claims Management and Financial Services Solutions to businesses, individuals and families for over forty years. Established in 1971 we have
David Nathan Associates
Muswell Hill, North London, London, N10 1BT
Welcome to David Nathan Associates and thank you for visiting our website. Established in 1989, we are a firm of Financial Advisers with over 30 years of experience. Well established in North London,
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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