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Financial Advisors in the UK
Hampden Financial Services
Wendover, Buckinghamshire, South East England, HP22 6EA
Whether you are a first time buyer, or bought property before, Hampden Financial Services are there to guide you through all the different options available to you. Time to grab a new Deal - Hampden
Paul Wilson Financial Services
Hartlepool, County Durham, North East England, TS26 0XG
In our opinion, a sound financial future is more than important, it's crucial. Because it not only holds your own personal long-term security, but that of your entire family. This is why the decisions
Leeds Building Society
Huddersfield, West Yorkshire, Yorkshire and the Humber, HD1 2ET
If you're used to dealing with the banks, this might sound revolutionary, but it's how we've worked for 140 years. With all that experience, we know exactly how to design financial products to meet
Stephen Dalton
Surbiton, South West London, London, KT6 5RE
We are an independent firm of property finance and real estate consultants founded in 2009 by Stephen Dalton, who is an experienced chartered surveyor with twenty-five years' experience gained as a
M L Financial Associates
Wymondham, Norfolk, East England, NR18 0SW
At ML, we help clients achieve their financial goals by focusing on maximising our clients' wealth whilst ensuring the same clients protect all they have built up over the years. With expert advice in
Platinum Financial Services
Northwich, Cheshire, North West England, CW9 7AP
Platinum Financial Services are a firm of Independent Financial Advisors offering bespoke and innovative financial planning solutions. We specialise in The Management of Clients capital. We are able
KNG Financial Management
Otley, West Yorkshire, Yorkshire and the Humber, LS21 3JP
We are committed to giving independent, jargon free advice on appropriate financial products, tailored to your specific needs. We achieve this by placing an emphasis on quality of service, regular
Aspire Financial Management
Northampton, Northamptonshire, East Midlands, NN3 6LG
We do this by providing expert financial advice and building a financial plan which is tailored to fit your circumstances, focusing on your future goals and aspirations. Our advice covers the full
Oxford Advisory Partnership
Kidlington, Oxfordshire, South East England, OX5 2DH
At The Oxford Advisory Partnership, we guide clients on their financial journey through the various stages of life. We do this by getting to know what you want out of life and what the financial
Interactive Data
Barbican, City of London, London, EC2A 4DL
Financial firms are seeking unprecedented transparency and quality of data to manage risk and maintain operational efficiency. Look to Interactive Data, an internationally renowned source for
Gardener Financial Services
The guidance and / or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK. Independent Financial and Mortgage Advisers
Premiere UK IS
Hastings, East Sussex, South East England, TN34 1DT
Pensions, Investments and Insurance are complex businesses and many clients have specialist needs which are not met by traditional brokers. Premiere UK IS Ltd have a different philosophy. We are not
Jones Hill
Trowbridge, Wiltshire, South West England, BA14 8DW
Most financial advisers are generalists. We find our clients like to deal with specialists. Accredited by organizations such as the Society of Pension Consultants, you'll get timely, expert help and
C R S Consultants
Northwich, Cheshire, North West England, CW9 5HA
CRS Consultants Ltd are an established company based in Mid Cheshire since 1977. We service customers from all over the country but pride ourselves on being a one-stop shop to all our customers. With
Basil James Financial Services
Ilminster, Somerset, South West England, TA19 0DU
The partners background of many years experience working for banks and building societies within Personal Financial Services gave them an intimate knowledge of this sector and an unshakeable
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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