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Financial Advisors in the UK
A.P. Financial Services UK
Stourbridge, West Midlands, West Midlands, DY7 6LR
We are an independent financial services company, with an emphasis on personal service for individual clients. As fully independent advisers, we offer a complete range of financial services suited to
Western Financial Planning
Taunton, Somerset, South West England, TA1 1SW
Independence - in all its forms. Independence of thought, independence from product providers when recommending a product to a client, independence of the individual so that they are not manipulated
Umbrella Financial Planning
Belfast, County Antrim, Northern Ireland, BT4 2HW
Richard Hamilton is an Independent Financial Adviser and started Umbrella Financial Planning in 2009. Richard has over 15 years experience of giving financial advice to local personal and business
Birchwood Investment Management
Welwyn, Hertfordshire, East England, AL6 9EN
Offering truly independent advice, our financial planning expertise and experience spans the needs of both personal and corporate clients. A dedicated and highly qualified team of independent advisers
Lomond Financial Services
Loughborough, Leicestershire, East Midlands, LE11 1JP
Lomond Financial Services are Independent Mortgage and Protection planners we are able to acces a wide range of mortgage providers and a range of quality protection products for Personal and Business
financialAdvice.co.uk
Cheadle, Staffordshire, West Midlands, SK8 2AA
At financialAdvice.co.uk our service is very simple. Send us a financial question along with a few contact details so we can get back to you with a response. You will receive your answer within 60
Sovereign Financial Services
Chesham, Buckinghamshire, South East England, HP5 1EG
Sovereign is trusted by high net worth individuals and organisations to listen, understand and guide them, their families and employees to achieve their financial aspirations. SOVEREIGN delivers a
Bede Financial Management
Durham, County Durham, North East England, DH7 8JN
Your home may be repossessed if you do not keep up repayments on your mortgage. For mortgages we can be remunerated by either commission or a fee. If paying purely by fee this is typically £495
Logic Wealth Planning
Littleborough, Greater Manchester, North West England, OL15 8HD
We believe that before you can hope to develop a sound financial plan you need an equally sound plan for your life. Creating something like that is called 'Life Planning'. It's a new and developing
The Financial Centre
Gravesend, Kent, South East England, DA12 1EW
There will probably be times in your life when you're not sure what to do with your money or what decisions you need to make about your financial future. There are thousands of different financial
Acorn Financial Planning
Cheltenham, Gloucestershire, South West England, GL50 3DT
Employers with more than one employee have to enrol certain workers automatically in to a Qualifying Workplace Pension Scheme (QWPS) by a certain date, depending on the size of their workforce. We can
Protect Preserve & Prosper
Whitchurch, Shropshire, West Midlands, SY13 2PA
We offer all prospective clients a no obligation, initial discussion. The purpose is to establish if we can help and/or add value to you and for you to establish if we are the right company for you.
The Munro Partnership
Hamilton, South Lanarkshire, Scotland, ML3 6PB
What sets Munro Active Wealth Management apart is our client centred approach which underpins all our operations. We practice the principles of trust, integrity and honesty - values integral to our
Medical & Professional Investment
Since Medical & Professional took over my portfolio, I have enjoyed courteous service. They have always taken their time to listen to me and have consistently tailored their recommendations to fully
Brighton Financial
Hove, East Sussex, South East England, BN3 4PD
You may find that planning and organising your financial arrangements, whilst extremely important, can be time-consuming, complicated and stressful. We understand this and make the process of managing
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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