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Financial Advisors in the UK
Murray Peter Financial Management
Billericay, Essex, East England, CM12 0EQ
Peter Murray Financial Management Ltd is proud that it has been providing clients with independent financial advice for over 40 years. Our business is founded on our core traditions of a truly
Jones & Co Financial Advice
Chesterfield, Derbyshire, East Midlands, S40 1TX
We are a totally independent Whole of Market Financial Advice Company, which means that we are not owned or employed by any other firm. We have a diverse range of experience in financial services and
Fortune Financial Planning
Insuring your future. We have built our reputation through offering customers the support and advice they require to ensure their financial stability, protection and growth. Fortune Financial Planning
Carbon Financial Partners
We can make this claim based on the quality of the team, our awards, our ethics and our professionalism. At Carbon, the rule is to put our clients' interests first at all times. We will explain
Ian J Hunt Financial Planners
Chinnor, Oxfordshire, South East England, OX39 4DU
Many of our clients tell us that the hardest aspect of financial planning is articulating their own goals and aspirations. That is why financial advisers who simply bombard you with figures and offer
HBB Financial
St Albans, Hertfordshire, East England, AL1 1NG
HBB Financial Limited (HBB) is your home of wealth, health and wellbeing. Life is more than money; its about using wealth for your happiness and the wellbeing of you and your family. HBB has been
Bournemouth Investments
Ferndown, Dorset, South West England, BH22 9TX
Our aim is to develop and protect our clients' wealth and help them fulfil their financial dreams and aspirations. Our focus for our clients is to optimise their long term wealth and bring them
Hanson Wealth Management
An initial consultation with an Independent Financial Adviser or Mortgage Adviser is provided free of charge to all new clients. This can be either face-to-face or over the telephone. We're able to
Essential Financial Advisers
Leicester, Leicestershire, East Midlands, LE2 2BE
Mortgages are one of the largest single transaction in most people's lives. Buying a property can be a stressful and time consuming experience, although nowadays the financing of a mortgage is a case
Ifa.1
West Bridgford, Nottinghamshire, East Midlands, NG2 5BG
We have been providing impartial financial advice to individuals & business since 1994. We work exclusively for you. We have no affiliations to any lenders or financial services providers. We consider
Sugar Island Financial Advice
Newry, County Down, Northern Ireland, BT35 6DN
The fair treatment of all customers is central to the operating of our business and our beliefs. We strive to provide our customers with the most competitive blend of premiums and benefits all backed
HK Wealth Managers
HK Wealth specialises in financial planning and wealth management in the wider Stirling area and beyond. We help business owners, professionals, successful individuals, and those retired with wealth,
Mulberry Financial
Macclesfield, Cheshire, North West England, SK11 6LF
We advise on a broad range of financial matters, specialising in pensions, investments, and pre and post retirement planning. Our clients are builders, engineers, graphic designers, pensioners - not
Ashley Kneale Associates
Sale, Greater Manchester, North West England, M33 7RE
Pensions are, of course, designed to enable you to save sufficient money during your working life to provide an income stream for you to live comfortably after you have retired. There are many
Taylor & Taylor
Bolton, Greater Manchester, North West England, BL1 4DH
Chris works directly with clients to determine exactly what needs to be done to achieve financial and lifestyle objectives. He is a keen sportsman who stopped playing football in his early 40's and
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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