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Financial Advisors in the UK
Homeworks Financial Solutions
Rotherham, South Yorkshire, Yorkshire and the Humber, S60 1BP
We strongly believe that getting to know our clients - and our clients getting to know us - is a key factor in providing the best possible service, so building and maintaining long-term relationships
Blueberry Financial
Ascot, Berkshire, South East England, SL5 8TQ
Studies show that 9 / 10 women will need to look after their own finances in the future, but with only 1 in 5 of us feeling prepared to make wise financial decisions, something needs to be done.
Sound Financial Management
Plymouth, Devon, South West England, PL4 0FB
With a wealth of experience and industry knowledge, you receive independent advice which is tailored to your personal needs and expectations. We recognise that our clients are at the heart of our
Clarkson Wayman Ball
Market Harborough, Leicestershire, East Midlands, LE16 7QU
Retail Distribution Review has the ultimate aim bringing increased transparency to the Financial Services industry. I believe that if businesses want to work with a financial planner, it's also about
Hunter Barrington
Long Ashton, Somerset, South West England, BS41 9AH
Hunter Barrington is based in Bristol and was established in 1989. We offer a range of financial services to private investors and their families, to professional practitioners, to company directors
Veracity Financial Planning
Bingham, Nottinghamshire, East Midlands, NG13 8QA
If you are looking for investment or pension advice or need advice on your mortgage or an equity release or life insurance advice and have never used the services of an IFA you will probably be asking
Niche Independent Financial Advisers
Pontypridd, Rhondda Cynon Taff, Wales, CF37 5SP
Niche are a firm of Chartered Financial Planners. We provide financial advice to clients all over South Wales, as well as Bristol and the South West of England. Our offices are in Cardiff, Newport and
Seer Green
With our Head Office located in South Wales and clients located throughout the UK, Seer Green is a team of qualified experts who provide robust, impartial advice on all matters relating to mortgages,
Emery-Little
Hemel Hempstead, Hertfordshire, East England, HP2 6JB
The first is arguably the most important and valued to our clients. This is the facility of a one-to-one meeting, whereby we can discuss their personal and financial circumstances in private, and
Legal & Medical Investments
Exeter, Devon, South West England, EX2 7HU
Legal & Medical's financial advisers offer a full range of independent financial planning, investment advice and wealth management services to doctors and dentists. Our advisers throughout the
Cohen Paula
St Albans, Hertfordshire, East England, AL4 8XG
As your IFA in St Albans and being Independent we will look after your personal interests. With access to the entire financial market, we can search thousands of options to find the most suitable
Interface Financial Planning
Birmingham, West Midlands, West Midlands, B20 1JB
Financial Planning is not the end but only the means to the end. It's tragic when some people have spent years climbing up their ladder only to find that it's leaning against the wrong wall! Time must
Ridgeway Financial Partnership
Camberley, Surrey, South East England, GU15 3RB
As professional financial advisers, we specialise in providing tailored financial planning advice to private and corporate clients in London, Surrey and the Home Counties. We have qualified
David Dougan Financial Services
Hamilton, South Lanarkshire, Scotland, ML3 7DP
David Dougan Financial Services Ltd is an appointed representative of Financial Ltd, which is fully authorised and regulated by the Financial Conduct Authority as an Independent Financial Adviser
Radcliffe
Southampton, Hampshire, South East England, SO14 3AY
Radcliffe and Company was established in 1959 by Wyn Radcliffe from premises in New Road, Southampton. For over 50 years the company has provided Informed, impartial and independent advice to
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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