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Financial Advisors in the UK
Harrington Wright
Bury St Edmunds, Suffolk, East England, IP32 6AY
Martin Wright has been a financial adviser since 1990. Having obtained the necessary knowledge and advisory skills in the early years with the investment house Save & Prosper and then with the insurer
Walsh Taylor
Middlesbrough, North Yorkshire, Yorkshire and the Humber, TS1 2PX
We appreciate the practical and commercial approach of Walsh Taylor at times when joint clients can be in distress. This approach allows pragmatic solutions to difficult problems, allowing individuals
Gaunt Hall
Beverley, East Riding of Yorkshire, Yorkshire and the Humber, HU17 8ET
Gaunt Hall is a busy IFA practice with a high net-worth private and corporate client portfolio. The industry regulator, The Financial Services Authority (FSA), is a firm advocate that examination
Montgo Consulting
Eastbourne, East Sussex, South East England, BN23 5AX
Montgo Consulting Ltd is the trading company of Mike Grant, an Independent Financial Adviser (IFA) based in Eastbourne, East Sussex with 23 years experience in the financial services industry. I
Midland Financial Solutions
Ripley, Derbyshire, East Midlands, DE5 3EA
At Midland Financial Solutions Ltd we provide Independent Financial Advice to individuals, businesses and to clients of professional firms such as solicitors and accountants. Our aim is to build
Clayden Associates
Buckfastleigh, Devon, South West England, TQ11 0AB
If you are looking for quality independent financial advice from a company that you can trust and will listen to your needs while offering clear and constructive guidance on how to meet your goals.
Globe Independent Financial Advisers
Twickenham, South West London, London, TW1 1LR
It can be difficult to decide which company to trust and what financial advice best meets your needs. We are financial advisers qualified by experience and examination specialising in investments, tax
First For Finance
Belfast, County Antrim, Northern Ireland, BT7 3GQ
Clare's career in Financial Services began in 1994. Since then she has gained experience in many areas of finance including: Banking, Estate Agents, Management, Underwriting, Mortgage Advice and
North Financial Management
Belfast, County Antrim, Northern Ireland, BT4 3DJ
At North Financial Management LLP we believe that professional and true independent advice can provide significant value to individuals and businesses. It is because of this strong belief that we
Trusted Planning
Sale, Greater Manchester, North West England, M33 3HW
Trusted Planning LLP is a Cheshire based IFA and Chartered Financial Planner firm with clients in Cheshire, Manchester, Lancashire and further afield. All advisers are Certified Financial Planners and
Humphries IFA
Surbiton, South West London, London, KT6 5PT
Humphries IFA Ltd is a firm of Independent Financial Advisers who specialise in independent mortgage advice, investments, savings and pension planning. Established in 2003 Humphries IFA is a client
Advantage IFA
Welcome to our homepage, we hope you are able to navigate around the site and find what you're looking for. Advantage IFA takes great care in putting the needs of our clients first and foremost. We
Sky Financial Services
Sky Financial Services are Master Brokers who work directly with Lenders from all over the world. Many of the Lenders on our panel visit our premises to meet Clients and review applications. We have a
Whitehill Financial Management
Halifax, West Yorkshire, Yorkshire and the Humber, HX4 8PT
Whitehill Financial Management is a small IFA firm, directly authorised by the Financial Conduct Authority, run by me, Richard Whitehill. I am an Independent Financial Adviser with over 18 years
Gem & Co Financial Services
Colliers Wood, South West London, London, SW19 1LH
Gareth believes that life is not a dress rehearsal which fuels his passion for financial planning. He derives great satisfaction from delivering cutting edge financial strategies to help individuals
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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