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Financial Advisors in the UK
Martin Smith Financial Adviser
Aylsham, Norfolk, East England, NR11 6AJ
Martin Smith is married with 3 children lives in the Broadland area of Norfolk. Born in 1968, he is an experienced Adviser with his financial background starting in 1985 when he joined Barclays. He
Spa Financial Services
Tunbridge Wells, Kent, South East England, TN1 1JP
SPA Group was promoted by a team of finance professionals in 1995 with an objective to provide value added financial services. Initially, the Group focused as a niche financial solutions provider in
Parfitt Taylor Financial Management
Northampton, Northamptonshire, East Midlands, NN3 2HA
I have been using Rebecca for approximately 2 years now and the service just gets better and better. I use all her services for my Business BEB Consultancy (UK) Ltd which include, Zero accounting,
Thomas Crown IFA
Exmouth, Devon, South West England, EX8 2SN
We are a small IFA firm who value our close long term relationships with our clients. We like to ensure that all of our clients needs are catered for as they change throughout life - from the the
Plus 4 Financial Services
Sheffield, South Yorkshire, Yorkshire and the Humber, S8 0EE
We strongly believe at Plus 4 Financial Services that we should be professional and ethical in everything that we do. To demonstrate this, all our brokers are fully professionally qualified, holding
Bright Financial Solutions
Whether your enquiry is on a personal or corporate basis, the major financial decisions that you make will have significant and life-changing consequences. It is therefore essential that you seek
Business Rescue Centre
Hemel Hempstead, Hertfordshire, East England, HP2 7BF
Business Rescue Centre are a team of Corporate Insolvency and Business Turnaround Specialists. We specialise in Business Insolvency Advice, providing an added value support service to accountants and
Safeguard Financial Services
Gateshead, Tyne and Wear, North East England, NE11 0HF
Because we are independent, we advise on mortgages from the whole of market. Whole of market means we are not tied to any particular financial institution or bank, and so can advise on a wide range of
Beaufort Asset Management
Reading, Berkshire, South East England, RG2 0HA
With specialist skills in taxation, trusts, pensions, mortgages, investments and protection, the team at Beaufort offers a comprehensive service to clients looking for a personal, bespoke approach to
Tait Walker Chartered Accountants
Stockton on Tees, County Durham, North East England, TS17 6EN
Tait Walker have demonstrated a high level of client service throughout our Automatic Enrolment process. They have been very flexible and demonstrated real value for money. We are an independent,
Business Bureau
Shoreham by Sea, West Sussex, South East England, BN43 6NZ
By connecting them to the most suitable commercial finance lenders able to meet their business finance needs. Simon has a proven track record in putting together business finance solutions for clients
Beaufort Wealth Management
Leamington, Warwickshire, West Midlands, CV32 5QL
We are a firm of Independent Financial Advisers based in Warwickshire. We provide Individuals and Businesses with a bespoke service, tailoring financial solutions to their needs and objectives. We
Together Financial Solutions
Barnstaple, Devon, South West England, EX32 8JL
Pete has worked in the financial services sector since 1996, in roles with a major Life Assurance company, local Independent Financial Adviser and within the financial services team of a local firm of
Phillips Financial Planning
Newry, County Down, Northern Ireland, BT35 6PH
Gary is both a Chartered Financial Planner and a Certified Financial Planner. He provides financial planning advice and directly manages relationships with our valued clients. Gary is keen to deliver
Paul Tune Financial Services
Battle, East Sussex, South East England, TN33 0TH
Paul Tune has been in the financial services industry for 20 years and has been an independent financial adviser for just over 16 years. Paul is a graduate of Southampton University and holds
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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