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Financial Advisors in the UK
Murray James Associates
Sutton, Surrey, South East England, SM3 8BH
James Murray Associates was founded in 1986 and we are delighted to have celebrated our 25th year as Independent Financial Advisers in Cheam Village. We are very proud of our long heritage and being a
Innes Reid Investments
Chester, Cheshire, North West England, CH2 3NJ
At Innes Reid in Chester we advise on a wide range of financial planning issues including: Wealth Management, Financial Planning, Pension Planning, Investment Planning, Retirement Planning, Estate
Mellon Brian Financial
Kilsyth, North Lanarkshire, Scotland, G65 0BD
Mellon Money Managers is a firm of Independent Financial Advisers founded by Brian Mellon who has been offering independent financial advice since 1994. We are appointed representatives of The On-Line
Aberdeen IFA
AberdeenIFA.co.uk, a financial advisor in Aberdeen, Scotland. We provide independent, confidential advice to individuals and corporate clients on a wide range of financial advice services. We invest
Watt Financial Solutions
Donald is a great believer in the client comes first and is keen to provide a highly personal service. He takes great pride in making complicated financial matters easy to understand and transparent.
Cunningham Lindsey
Morley, West Yorkshire, Yorkshire and the Humber, LS27 0JG
We understand the challenges that you face and can offer claims handling, domestic and commercial loss adjusting, catastrophe or major loss claims handling and claim management assistance on a global
Carden Associates
Whatever your personal or professional financial needs are, you want to be assured you have the best help available from people whose expertise can help you create financial freedom. As a wholly owned
Forward Financial
Wellington, Somerset, South West England, TA21 8AG
We are a totally independent firm of financial planners and advisers which means that we will research the whole of the market for the most appropriate service or product for you, the client. The
Ashley Law
Epsom, Surrey, South East England, KT19 9SQ
Whatever your particular requirements we can ensure that we find the best solution for you irrespective of how we are paid. Explore our website to find out what is on offer for you or contact us to
Dion Global Solutions
Leicester, Leicestershire, East Midlands, LE1 7DD
Dion is a global financial technology company. We provide a broad range of solutions that meet specific business needs across the financial markets. We draw on our presence across the markets, the
Hereward Financial Services
Grantham, Lincolnshire, East Midlands, NG33 5NZ
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
Paragon Independent
Basildon, Essex, East England, SS14 3BB
As a firm of Independent Financial Advisers (IFA), we provide unbiased, personalised advice. We have Advisers based in Essex and North West England who have a combined financial services industry
Pembroke Financial Services
Hove, East Sussex, South East England, BN3 3JE
Our long term approach reflects a full understanding of your needs and aspirations followed by agreed prioritising of your financial objectives. Our Independent status means that you will benefit from
Atherton York
Winchmore Hill, North London, London, N21 1HS
Atherton York provides financial advice for individuals and businesses. We believe in the value of good advice and along with years of experience, we have the best qualifications available enabling us
Caboodle Financial Services
Sutton Coldfield, West Midlands, West Midlands, B74 2UD
Caboodle have access to some of the Industry's leading technology and we only employ experienced staff to ensure you always receive excellent advice and a first class service. We are committed to
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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