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Financial Advisors in the UK
Wendy Cochran IFA Fife
Cowdenbeath, Fife, Scotland, KY4 9PR
Wendy Cochran (MSc, PhD, DipPFS) is a fully CII qualified independent financial adviser, individually registered with and authorised by the Financial Conduct Authority. Wendy Cochran IFA is a trading
Millstream Financial Services
Beckenham, South East London, London, BR3 6PT
Every stage in life has its financial challenges. It could be purchasing a property, investing for your children's education or choosing the right pension option. Commercial mortgages are not
Howe Graham
Bedford, Bedfordshire, East England, MK42 7BA
Graham Howe Financial Services is a small firm of Independent Financial Advisers who specialises in giving pension advice to both companies and individuals. Pensions can be confusing and complicated
Pilot Financial Planning
Dartmouth, Devon, South West England, TQ6
Financial planning takes an integrated approach to all aspects of your finances, creating a link between your money and your goals and aspirations in life. We help ensure that your financial resources
TS Mackenzie
Crouch End, North London, London, N8 9LH
We offer an Independent Financial Advice Service which means that we are not restricted to one provider or a limited panel of providers and can therefore give you impartial advice on the most
Darren Shaw IFA
Redruth, Cornwall, South West England, TR15 2NJ
Horizon IFP Limited is an Appointed Representative of Vision Independent Financial Planning Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales
Arrow Financial Services
Chester, Cheshire, North West England, CH1 1XG
Arrow Financial Services is a firm of chartered financial planners, who have a reputation for giving jargon-free financial advice. As Independent Financial Advisers, our aim is simple - to give you
Cobra Financial Solutions
Liverpool, Merseyside, North West England, L10 2JA
Cobra Financial Solutions Ltd are a firm of highly trained Debt Collectors who have a combined total over over 50 years experience of dealing with non payers / professional non payers. You will see
Protect & Invest
Newbury, Berkshire, South East England, RG14 1QL
Protect and Invest Ltd is authorised and regulated by the Financial Conduct Authority under reference 469073. The Financial Conduct Authority does not regulate Taxation and Trust Advice, Offshore
Stiles & Company Financial Services
Petersfield, Hampshire, South East England, GU32 3LA
We are a family-owned business, run by husband and wife team Liam and Tracy Starley, who live in Petersfield with their three children. Liam is highly qualified, holding the 'Diploma in Financial
Mortgage Life & Pensions
Sutton, Surrey, South East England, SM2 6BX
Established in 1983, MLP are specialists in financial planning for private and company clients. MLP operate both a restricted and Independent model for clients. Before transacting any business your
Parkinson Business Finance
Bolton, Greater Manchester, North West England, BL1 6AE
PBF is a small independent provider of a wide range of finance services to UK businesses of all sizes, from small independent traders to large public quoted groups. It is an essential part of our
Financial Peace UK
Felixstowe, Suffolk, East England, IP11 9DU
We've all seen the headlines and shocking news that energy companies are still pushing up our bills whilst announcing huge profits, and we can do little about it. If you were shown a way to reduce
The Finance Shop
Great Yarmouth, Norfolk, East England, NR31 6QT
We are dedicated to creating a meaningful, long-term relationship with you that is based on understanding, knowledge and commitment to progress. We are a company of action: proactive, professional and
Protection & Investment
Andover, Hampshire, South East England, SP10 2PA
We also offer an ongoing service whereby we regularly review your plans to ensure they remain on track and continue to meet with changing needs and life goals. And, being independent financial
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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