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Financial Advisors in the UK
Professional Wealthcare
Camberley, Surrey, South East England, GU15 1LY
Welcome to Professional Wealthcare, provider of Independent Financial Advice, based in Camberley, Surrey. We can help you with your pension, investment and protection needs. The internet is full of
Mark Hallam
Lancaster, Lancashire, North West England, LA1 1AB
With over 20 years practical Business experience in the Lancaster area, Mark Hallam can help you. Solutions can be offered to help grow your business, change direction, restructure or sell. If you
Abbeygate Wealth Management
Bury St Edmunds, Suffolk, East England, IP33 1BJ
We provide personalised, face to face wealth management advice to individuals, their families and business whether your requirement is to build capital, manage cash and borrowings or protect your
T N S
Boston, Lincolnshire, East Midlands, PE21 7TT
Whether you are investing for growth, income, planning for retirement or looking for the right mortgage, our team of advisers are here to help find the right solution for you to make the most of your
Regal Independent Financial Services
Bradley Stoke, Gloucestershire, South West England, BS32 4NQ
We have many years of experience in dealing with our clients needs and believe we offer an excellent level of service to our clients. Our offices are in Bradley Stoke, Bristol and we have financial
McAuley Financial
Belfast, County Antrim, Northern Ireland, BT9 5NW
The great joy of financial freedom is having your heart and mind free from worry about life's uncertainties, and our aim is to pave the way for a more secure financial future for you, your family and
John Joseph Financial Services
Borehamwood, Hertfordshire, East England, WD6 1SD
John Joseph Financial Services has evolved to cope with the growing demand for truly impartial financial advice. With the increased pressure in today's fast moving and challenging financial climate we
Abraxas Financial Consultants
High Wycombe, Buckinghamshire, South East England, HP27 9TA
Abraxas Financial Consultants are independent directly authorised financial advisers established in 1986. We specialise in investment and retirement planning and we are able to advise on and arrange
Hastings Financial Solutions
Hastings, East Sussex, South East England, TN35 4BT
Hastings Financial Solutions was founded with the aim of providing fair, ethical advice to consumers. With a wealth of experience in helping people with their insurance and financial needs, we feel we
GilesSmith
Littlehampton, West Sussex, South East England, BN17 5DX
We are a firm of wealth management advisors based in Littlehampton, West Sussex. We are also Branch Agents for Kent Reliance. Whether you are looking for somewhere safe to keep your money in the short
Sequence FM
Altrincham, Greater Manchester, North West England, WA14 2QD
Choosing a professional as your partner in building wealth and security is one of the most important decisions you will ever make. Look around our website, take your time, choose wisely, and we hope
K B A L Financial Recruitment
Ware, Hertfordshire, East England, SG11 1DB
For a highly experienced financial recruitment company, look no further than KBAL Financial Recruitment. Established in 1995, KBAL Financial Recruitment was set up by a former banking Head of Sales,
Bespoke Independent Financial Advisers
Bristol, South West England, South West England, BS15 8JL
The guidance within this site is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. Bespoke IFA Ltd trading as Bespoke Independent Financial Advisers Bristol.
Asset Management
Southampton, Hampshire, South East England, SO19 9DX
Wealth, just like your health, must be carefully preserved. Your assets need to be protected against the potential threats of erosion by taxation, the effects of inflation and investment risks.
Keystone Financial Planning
Leeds, West Yorkshire, Yorkshire and the Humber, LS19 7ZA
At Keystone we believe that everybody should be entitled to quality financial advice. We put our 21 year experience in working with normal people to good use by helping clients new and old enjoy life
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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