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Financial Advisors in the UK
JMT Wealth Management
Brighton, East Sussex, South East England, BN1 4EW
JMT Wealth Management are a firm of independent financial advisers, based in Brighton, who offer impartial, trusted advice to help realise your financial goals. If you are looking for advice on
Bob Little
Redcar, North Yorkshire, Yorkshire and the Humber, TS10 5RX
Bob Little & Co Ltd is a firm of Independent Financial Advisers based in the North of England, servicing clients locally and nationwide. Established in 1985, we have been providing quality financial
The Financial Advice Centre
Bodmin, Cornwall, South West England, PL31 2DJ
The Financial Advice Centre is an innovative practice, committed to our clients and keen to be judged on the value we deliver. Independence, Service and Quality are the foundations of all that we do.
Rathmore Financial
Waterlooville, Hampshire, South East England, PO8 0LD
Whether you need an income option to fit your retirement lifestyle, funding for care home fees or advice on how to reduce your Inheritance Tax bill so your heirs benefit, our advice is always
Ken Nairn
Ayr, South Ayrshire, Scotland, KA7 1EN
It was in 2002 it really clicked with me; it's just not about the money, stupid, there are much more important things to life! I had just read a letter from a client thanking me for not getting money
4momentum
Shoreham by Sea, West Sussex, South East England, BN43 5ED
4Momentum sources specialist business advice and support services for Small Businesses, Charities and Social Enterprises across all market sectors: IT, new technology, media, travel and leisure,
Prima Net Consult UK
Merton, South West London, London, SM1 3TX
Prima Net Consult UK Limited was founded as an independent provider of Cloud Computing, Virtualisation, Accountancy and Tax Advisory consultancy services by a team of experienced and highly motivated
David Burnell Financial Services
West Bridgford, Nottinghamshire, East Midlands, NG2 5GS
David Burnell Financial Services Ltd are independent financial advisers offering high quality, independent advice for UK residents. With offices in West Bridgford, Nottingham, we aim to satisfy all of
Peter Hancock Financial Planning
Evesham, Worcestershire, West Midlands, WR11 3AN
I started working for a major Building Society at the age of eighteen and went through a management trainee programme before becoming the Society's youngest ever branch manager. I moved around the UK
Wexdon Financial Services
Chelsea, South West London, London, SW10 0JW
Richard was an Independent Financial Advisor who wanted to shake up the market by being completely transparent on prices and the IFA process, and now works in the compliance and business advisory
Financial Dimensions UK
Spennymoor, County Durham, North East England, DL16 6TF
Fari Serajian DipFA, CertPFS, CeMAP, MDRT is the Managing Director of Financial Dimension UK Ltd; a family business, and has worked in the financial services industry since 1985. He is a Member of The
Fordyce & Playle
Forest Row, East Sussex, South East England, RH18 5AT
Established in 2001, Fordyce & Playle has given independent financial advice to people from all walks of life across England & Wales. We understand that everyone's financial situations, personal
Para-sols
Darlington, County Durham, North East England, DL1 1RW
Para-Sols was established in June 2009 when the founder, Cathi Harrison, decided to set up a bespoke paraplanning service. From the outset the firm has supported forward thinking financial planners
Susan Fleck Associates
Maidstone, Kent, South East England, ME14 2BJ
Founded in 1995, Susan Fleck Associates Ltd is an established firm of independent financial advisers based in Maidstone. We believe in providing impartial financial advice in plain English, whatever
John Lamb
London Bridge, South East London, London, SE1 9EU
John Lamb is an independent firm of Chartered Financial Planners established in 1959. We provide expert financial advice to people who want to preserve and grow their wealth responsibly for this
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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