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Financial Advisors in the UK
T Bailey Asset Management
Nottingham, Nottinghamshire, East Midlands, NG1 6FJ
We invest your money into globally diversified portfolios of funds, which are compiled by our expert investment team. We are privately owned, focused and proudly independent, without compromise, on
Acumen Financial Partnership
Ormskirk, Lancashire, North West England, L40 8JW
Acumen was formed in 2006 with the clear goal of raising the standards of financial services and giving clients clear, straightforward financial advice and the confidence that they always have the
Partridge Muir & Warren
Esher, Surrey, South East England, KT10 9QY
We provide financial planning and wealth management for a range of clients, including private individuals, families, professionals and charities.
Prosperity Financial Solutions
If you are looking for a Financial Advisers, Our expert & experienced Financial Advisers team help you across a wide range of personal and business finance issues. We ensure that you are satisfied
Bridging Loans (Donkey Finance)
Blackburn, Lancashire, North West England, BB1 5QB
The premium partners and lenders that we work with allow Donkey Finance to provide clients with fast, competitive and flexible financial service. All loans we provide are fully regulated by the FCA
Beacon Asset Finance
Hereford, Herefordshire, West Midlands, HR4 9AP
We give you quick and easy access to the best financial products and the best subsidies on the equipment, machinery or projects you need. We work for you to make your life easier, taking the hassle
Rangewell
Barbican, City of London, London, EC2Y 9DT
Rangewell help all types of businesses find, compare & apply for all types of finance quickly, easily & with no obligation. We are unique in having independently mapped over 300 lenders & over 23,000
Temple Wealth Management
Fareham, Hampshire, South East England, PO14 1AH
We are Financial Partners for life, here to enable you to achieve your aims, ambitions and dreams, a comfortable retirement, financial freedom or the ability to buy a new home, we will partner you to
Severn Estate Planning
Shrewsbury, Shropshire, West Midlands, SY2 5ST
At Severn Estate Planning, we offer a range of services to plan for any eventuality and give you peace of mind. We can help protect your estate and ensure your final wishes are carried out. With over
FD Analytical
Wirral, Merseyside, North West England, CH41 9HP
Award Winning Chartered Accountants in Wirral. Experienced. Expert. Supportive. Services include Tax Return Accounting, Incubation & Growth, Funding & Cashflow.
More Group Accountants
Islington, North London, London, EC1V 0BN
More Group Accountants - Professional Business Accountant in London, UK. More Group provides the comprehensive range of Accounting, Taxation & Corporate support services for Private, Individuals &
Rainstone Money
Grays, Essex, East England, RM16 6EW
We provide straight-forward & friendly mortgage advice. Our job is to find the most suitable mortgage product for you and ensure that it goes through as smoothly and painlessly as possible. We provide
Halcyon Wealth
Tunbridge Wells, Kent, South East England, TN1 1ED
Halcyon Wealth a client-focused, innovative financial services consultancy with offices in the City of London, Canary Wharf and Royal Tunbridge Wells. Our fundamental objective is to provide a
Coast Financial
Plymouth, Devon, South West England, PL1 2NA
We are a firm of independent financial advisers based in Barbican in Plymouth. We give financial advice on all products from the whole of the market. Simple straightforward advice for all your
Wirral Accountants
Wirral, Merseyside, North West England, CH41 9HP
Expert Accountants for Your Wirral Business. A professional, friendly and affordable firm of chartered management accountants in Wirral. Wirral Accountants are a professional, friendly and affordable
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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