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Financial Advisors in the UK
First Rung Now
Farringdon, City of London, London, EC1N 8UN
If you’re a mortgage adviser or mortgage broker and you would like to receive warm leads of someone who is actively looking for a first-time buyer mortgage to get on the property ladder, a buy to
Tim Taylor & Co
Tim Taylor & Co provide professional accounting and bookkeeping services in Swansea. We work with individuals and SME businesses across a wide range of sectors, delivering everything from tax
Taylormade Finance Brokers
Manchester, Greater Manchester, North West England, M1 2HY
Taylormade Finance are independent mortgage brokers in Manchester, offering expert mortgage advice with a comprehensive, straightforward approach. We provide our customers with personalised mortgage
Fortis Accountants
Hammersmith, West London, London, W6 0JA
Fortis Accountants is based in Hammersmith & Fulham. It was founded by Harry Theocharous. The firm is a member of the Association of Chartered Certified Accountants (ACCA) and is qualified to offer
Milestone Financial Planning
Chesterfield, Derbyshire, East Midlands, S41 8NL
Whether planned or unforeseen, we’re here to help with every financial milestone in your life – whether it’s exiting a business, retirement, protecting your income or dealing with the unexpected
The Numbersmith Limited
Northampton, Northamptonshire, East Midlands, NN1 5PT
Welcome to The Numbersmith Limited. We are cloud accountants in the UK. Our desire is to help clients with their cloud accounting services and make their business the best it can be through taking
Inn Control Chartered Accountants
Northampton, Northamptonshire, East Midlands, NN1 5PT
Chartered Pub Accountants to the Licensed Trade Sector - Inn Control Ltd ‘A passion for pubs, just pubs… ...that’s what makes us the best choice for you’ Are you looking for a chartered pub
Lite Tax Ltd
Bagshot, Surrey, South East England, BS48 1AD
The Lite Tax specialises small to medium sized businesses have an advantage over sole traders and partnerships because they have the pleasure of not having to pay the dreaded payments on account. At
10 Chartered Accountants
Northampton, Northamptonshire, East Midlands, NN1 5PT
10. Chartered Accountants are an accountants firm based in Northampton. We provide a wide range of accounting services for forward-thinking business people and their businesses.
JXP Consultancy Limited
Seaford, East Sussex, South East England, BN25 1INL
JXP are a whole of market Mortgage Broker. Get a Mortgage agreement in principle in 15 minutes. Free initial consultation either online, face to face or over the telephone. Choose from 1000’s of
TFA Trusted Financial Advice
Plymouth, Devon, South West England, PL7 5JX
TFA are leading independent financial advisers operating throughout the South and South West of England. Established in 1997 we have a long history of providing sound advice to both families and
Hayes Financial Planning Ltd
Reigate, Surrey, South East England, RH2 7NQ
With over 20 years’ experience, we provide advice and practical solutions to individuals, businesses and trustees to help you with the financial issues that concern you most. Our financial planning
Ronin Consultants Limited
Eye, Suffolk, East England, IP14 4TU
Ronin Consultants Ltd (RCL) are experts in supporting companies who seek to gain accreditation to supplier communities and qualification schemes. We offer help and support specifically designed around
Fairview Financial Management Ltd
Rayleigh, Essex, East England, SS6 9PT
We're Independent Financial Advisers and Chartered Financial Planners specialising in working with people in or planning for retirement, business owners, high earners and those going through a major
Corcillium Wealth Management
Guildford, Surrey, South East England, GU1 1PW
Financial advisers based in north Hampshire offering pensions, savings, investments, mortgages and wealth management.
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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