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Financial Advisors in the UK
From Acorns Financial Planning Ltd
Dungannon, County Tyrone, Northern Ireland, BT71 5NN
At From Acorns, we aim to help you feel comfortable with setting goals in your life and then set a financial plan in place to achieve those goals. We strive to provide a first-class financial planning
Expert Wealth Management
Witney, Oxfordshire, South East England, OX29 6UN
Expert Wealth Management will play an active part in the development, promotion and upholding of the Personal Finance Society Code of Ethics. The code sets down the principles which all members should
Loch Fyne Financial Management
Loch fine financial are an independently owned financial planning practice, based in Central Glasgow. Winners of the prestigious 2014 new model adviser awards. Offering advice to private clients &
Coast to Coast Financial Planning Services Limited
Truro, Cornwall, South West England, TR1 3DN
My husband and I take great pleasure in recommending Andrew Dawson to anyone requiring sound, practical financial advice. He is easy and friendly to deal with and does not use excessive jargon. He is
JPA Financial Services
Kingswinford, West Midlands, West Midlands, DY6 8AW
We offer a complimentary consultation and the purpose of this is to identify your personal needs and objectives, establish what benefits would result from using our services, outline our associated
Cabot Financial
West Malling, Kent, South East England, ME19 4NA
Established in 1998, Cabot Financial is one of the most respected debt purchase companies in the UK. We have offices all across the UK in addition to our headquarters in Kings Hill, Kent. We help over
Financial Planning Service (London)
Ealing, West London, London, W13 9PR
We are Chartered Financial Planners and Independent Financial Advisers. As Wealth Managers we specialise in Pensions and Investment Planning and also provide advice on Inheritance Tax Planning.
Factoring Solutions
Tamworth, Staffordshire, West Midlands, B77 5QL
Factoring Solutions is an independent factoring and invoice finance broker. We help businesses in the UK choose their factoring company. With over 40 years of experience in the world of invoice
Wellington Wealth
Wellington Wealth is a firm of independent financial advisers specialising in pensions and investments for private individuals. We started trading in April 2016 following our successful application
Britton Financial
Colchester, Essex, East England, CO2 8JX
From business owners to employees or those enjoying their retirement, Britton Financial was established to provide and create financial planning services for clients from all walks of life. We tailor
Morgan Financial Solutions
Merthyr Tydfil, Merthyr Tydfil, Wales, CF48 1DL
Morgan Financial Solutions is a financial services firm owned, operated and founded by Phil Morgan who has many years' experience, having joined the industry in 1986. In 2011, Phil seized an
Just 4 Mortgages
Mansfield, Nottinghamshire, East Midlands, NG18 1NU
For mortgage advice and deals in the Mansfield area, make sure you visit our friendly team of mortgage advisers. At Just 4 Mortgages, initial consultations are free, however on application there will
Elite Promo
Altrincham, Greater Manchester, North West England, WA15 7PF
Elite is one of the amazing promotional talent solution companies in London. We are nationwide promotional field marketing & staffing agencies in Manchester. Our exceptional talent solution with the
Fiducia Wealth Management
Colchester, Essex, East England, CO7 6AD
Fiducia Wealth Management provides financial advice and services for clients across the UK. Focused on integrity and transparency at the core, Fiducia works with each client discreetly and
Vital Wealth Management
Gateshead, Tyne and Wear, North East England, NE11 0NQ
We offer real-world, jargon-free advice on financial planning, retirement and pensions, investing and tax planning. We're committed to helping you achieve your real-life ambitions and targets, by
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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