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Financial Advisors in the UK
Sound Financial Advice
Sutton, Surrey, South East England, SM2 5NL
Sound Financial Advice Ltd was established by Peter Colah, an Independent Financial Adviser with over 20 years' experience in the Financial Services' industry. We are based in Surrey and provide
Premier Financial Consultancy
Roy has been a senior manager throughout his 26 years of financial services history. In 1988 he joined Pearl Assurance as an insurance agent in Northampton then after 2 years was promoted to Sales
Pritchard Financial
Clitheroe, Lancashire, North West England, BB7 2QW
We offer you high quality advice, excellence in service and careful and sustained attention to your needs. This will assist you and your family in supporting your lifestyle and protecting against
Appleton Gerrard Private Wealth Management
Manchester, Greater Manchester, North West England, M2 4WQ
Appleton Gerrard Private Wealth Management is authorised and regulated by the Financial Conduct Authority (FCA). Branch principal: K.Ariyawansa FCA no. 624553. The FCA does not regulate Wills, legal
Gaudium Associates
Southend on Sea, Essex, East England, SS9 1RF
Gaudium Associates Limited was established by the merger of two long standing IFA practices. Our express aim was forming a multi-disciplinary practice in the new world of Financial Advice with offices
Harrison Financial Planning
Preston, Lancashire, North West England, PR4 4SU
Harrison Financial Planning provides honest, independent financial advice to private individuals and commercial clients in the UK. We offer up-to-the minute, knowledgeable information on an extensive
Waterhouse Independent Financial Advisers
Radstock, Somerset, South West England, BA3 2DR
We understand that you need a bespoke financial planning service. We offer a friendly, personal financial planning service provided by qualified 'Financial Advisers'. Your financial affairs will be
Kingsley Financial Management
Whitchurch, Hampshire, South East England, RG28 7HA
Thank you for visiting the website of Kingsley Financial Management Limited. We are a firm of Chartered Independent Financial Advisers based in Whitchurch, in the heart of Hampshire. We offer our
Cathedral Financial Planning
Harrogate, North Yorkshire, Yorkshire and the Humber, HG1 1ED
Cathedral Financial Planning (Uk) Ltd is a well-established, friendly, family run, financial services business with over 25 years experience in the finance industry. Owner, Mauro, is Diploma level
Wise Financial Consulting
Hartlepool, County Durham, North East England, TS24 0UX
Wise Financial Consulting has over 20 years of experience in the financial sector and has a number of professional connections who are happy to recommend us. We were established specifically because
Facts & Figures Financial Planners
Canterbury, Kent, South East England, CT1 3LL
Kent based independent financial advice can help you whether you are investing a nest egg, planning retirement or concerned about protecting your family. Most of the issues we address every day
Cox & Company
Waterlooville, Hampshire, South East England, PO7 7DZ
Cox & Company Independent Financial Advisers is a trading style of Positive Solutions that offers financial advice provided by Simon Cox. We have over 22 years of experience in providing clients with
Derwent Mortgages
York, North Yorkshire, Yorkshire and the Humber, YO51 9QJ
Derwent Mortgages provides professional, personalised advice to find the right mortgage and insurance products for you. We are completely independent and search the whole market, driven only to find
Ashleigh Court PCWM
Coventry, West Midlands, West Midlands, CV5 6ET
Ashleigh Court can help with every aspect of your personal financial planning, from wealth management, investments, tax mitigation strategies, wills and trust planning. We also assist business owners
Fundhouse
Reigate, Surrey, South East England, RH2 9HZ
Fundhouse is a leading investment adviser specialising in fund research, ratings and portfolio construction services. We help clients manage investments on behalf of the end investor. Our experienced
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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