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Financial Advisors in the UK
Home Financial (UK)
Castle Donington, Derbyshire, East Midlands, DE74 2JB
Home Financial (UK) Ltd was established in 2005 by directors Paul & Chrissie (father & daughter) who have over 50 years combined experience in the Financial Services Industry. The company provides a
Hills Financial Planning
Larne, County Antrim, Northern Ireland, BT40 1RF
Hills Financial Planning is owned by David Hill, an Accountancy Graduate from Queens University with over 17 years experience in Financial Planning. David is one of the few advisers to be qualified as
Sentra Consulting
Stoke on Trent, Staffordshire, West Midlands, ST3 7NU
Strong financial management can actually save you money creating value through increased awareness and control. It provides the necessary focus on your bottom line through timely, accurate and
Elite Debt Solutions
Stockport, Greater Manchester, North West England, SK1 3LG
This debt reduction plan example tool is for guide purposes only, to establish the possible comparison between a Debt Reduction Plan and Debt Management Plan. Income and Expenditure would be subject
Tara Financial Services
Wokingham, Berkshire, South East England, RG40 1BW
Tara Financial Services Ltd have been providing sound financial advice in Wokingham and nationally since 1987. Peter Jessop, the managing director and financial adviser has been with the company since
Pegasus
Kendal, Cumbria, North West England, LA9 4HE
Established since 1985 our firm offers an impartial and personalised approach to Independent Financial Advice. As independent financial advisors we are not owned, affiliated with or tied to any
I2 Retirement & Financial Planning
Sheffield, South Yorkshire, Yorkshire and the Humber, S9 1TG
Established in 2005, I2 Retirement & Financial Planning Limited came into being following the merger of 2 successful independent firms. We are directly authorised and regulated by the Financial
Ifa Professional Planning
Scunthorpe, Lincolnshire, East Midlands, DN15 6JH
Our planning service is comprehensive, impartial and independent. Financial planning has become essential with so many of us leading busy complex lives. Juggling careers and families often leaves
Kingston Debt Solutions
Kingston Financial Solutions are Authorised and Regulated by the Financial Conduct Authority. Our Hull based company was founded in 2009 with the aim of providing clear, ethical expert support and
One Financial Planning. Glasgow
One Financial offers a discreet and sophisticated financial planning service with a longstanding reputation for professional advice and exceptional levels of customer service. Our team of experienced
John Head
Teignmouth, Devon, South West England, TQ14 8EN
On the following pages you will find a lot of what we consider to be useful hints and information on specific financial products - along with details of the services you can take advantage of through
Forrester Hyde
Southend on Sea, Essex, East England, SS1 1AB
The Company was founded in January 1971, initially as a Partnership between Nick Hyde and Don Daldry. In April 1980, Don left the Company and Nick continued as the sole owner. The Company is wholly
Money Matters
Cambridge, Cambridgeshire, East England, CB4 3BS
Founded in 1984, the business has grown organically and by acquisition and now manages over £300 million for our clients. At Money Matters we provide comprehensive advice to ensure that you make
Provident Financial Management
Bradford, West Yorkshire, Yorkshire and the Humber, BD1 2SU
Our Chief Executive Peter Crook talks about the products we offer and the values that shape the way we do business. Our portfolio of products is based on building personal relationships with our
Velenski
Ruislip, North West London, London, HA4 9NA
At Velenski & Co we value our clients above all else, you will not get through to a call centres telling you how much you are valued, but there is no one to answer your call. We are a small practice
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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