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Financial Advisors in the UK
Balance: Wealth Planning
Nottingham, Nottinghamshire, East Midlands, NG2 5AW
Independent financial planners. Specialising in big financial changes including retiring, selling a business or receiving an inheritance windfall. Our financial advisers structure and manage your
Dartington Wealth Management
Cambridge, Cambridgeshire, East England, CB1 7BN
Dartington Wealth provides impartial fee based independent financial advice and wealth management services to wealthy individuals, business owners, charities and trustees. We work alongside your other
Grayson Smith
Grayson Smith specialise in providing high-quality Chartered financial advice in Stirling and the surrounding areas. Free initial meeting, get in touch today! Grayson Smith provide the resources you
Clive Atkins & Co
After 30 years in the accounting industry, Clive Atkins & Co is still operating with the same core values – professionalism, a friendly service, and always going the extra mile for clients. As a
Haven IFA
Sale, Greater Manchester, North West England, M33 3SD
Located in Sale, Haven IFA has over the years helped thousands of people across Cheshire, Manchester and the North West better understand both their financial positions and the options available to
Hall-Ward IFA
Mansfield, Nottinghamshire, East Midlands, NG21 0HJ
Hall-Ward IFA offer expert advice on pensions, investments, inheritance tax, mortgages and protections plans. As independent financial advisers, we take the time to get to know you and work with you
2020 Financial
Southampton, Hampshire, South East England, SO18 2RZ
We'll show you the way to achieve your dream retirement. 2020 Financial are Independent Financial Advisers and Pension Specialists based in Southampton providing financial advice and wealth management
Estate Capital Financial Management
Led by chartered financial planners and supported by a team of financial advisers, market analysts, researchers, investment managers and technical administrators – Estate Capital is structured to
Seven Bridges IM
Gateshead, Tyne and Wear, North East England, NE11 0AZ
We provide advice and help following a free personal and/or business financial review which can take place at a convenient time and place for you. Usually a review will start with a very broad
Ellis Bates Financial Solutions
Newcastle upon Tyne, Tyne and Wear, North East England, NE1 6JQ
Whether you're looking for a robust financial plan, investment strategy or simply need advice about a specific financial matter, we're here to help you on an independent and impartial basis. We aim to
Wealth of Advice
Durham, County Durham, North East England, DH1 1TH
A financial planning company at the Mandale Business Park in Belmont, Durham. Wealth of Advice offers solutions across a vast range of services, from retirement planning to mortgage advice. We offer
Tudor Franklin Independent Financial Advisers
Leicester, Leicestershire, East Midlands, LE6 0LE
Tudor Franklin are independent financial advisers offering impartial advice on pensions, investments, inheritance tax, mortgages and protection. Our friendly and experienced team will work with you to
Pennine Wealth Management
Holmfirth, West Yorkshire, Yorkshire and the Humber, HD9 3AZ
Pennine Wealth Management is a member of St. James Place Wealth Management plc. Offering high-quality personal advice on many aspects of wealth management. Pennine Wealth Management is located in
Wade Financial
North Shields, Tyne and Wear, North East England, NE30 1AF
We have been offering sound advice and guidance to clients for over thirty years. We pride ourselves on our ability to build steadfast relationships with those who come through our door, helping those
Onvestor Financial Advice
Brentwood, Essex, East England, CM14 5HT
Onvestor is a truly independent financial advice firm based in Brentwood, Essex and London. We don’t sell products. We look at your circumstances, build a picture for you and create a financial
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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