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Financial Advisors in the UK
P W S Financial Consulting
Liverpool, Merseyside, North West England, L2 5RH
We have continually evolved to ensure we remain at the forefront of our profession, delivering advice and service that successive generations of our clients have valued for many years. We would like
Aquila Finanical Services
Barnsley, South Yorkshire, Yorkshire and the Humber, S70 2EP
Aquila Financial Services have access to the whole of the market for financial products and solutions enabling us to provide Independent Advice from personal to business level. We offer independent
Heron House Financial Management
We've been delivering fee based professional advice across the UK since 1994. Think of us as personal financial mentors, here to guide you through the peaks and troughs of your financial life. The
Allied Financial Services
Leeds, West Yorkshire, Yorkshire and the Humber, LS14 3DW
Allied Financial Services Ltd started in 2005 in Wigan and has grown rapidly by looking after our clients and incorporating a number of companies into the business. Allied have grown from strength to
Patterson & Kelly Partnership
Armagh, County Armagh, Northern Ireland, BT61 9AU
Patterson Kelly Partnership Ltd is a Mortgage, Life Assurance and General Insurance brokers, although our head office is based in the beautiful city of Armagh we have clients all over the north of
Pantheon Financial
Leeds, West Yorkshire, Yorkshire and the Humber, LS1 2AY
It is committed to bringing the best products and strategies forward, protecting clients' interests and ensuring outstanding quality of service. Consistency of approach is a key ingredient in
IFA Consultancy Centre
Clydebank, West Dunbartonshire, Scotland, G81 3RS
When a business needs advice in areas outside their own expertise, such as such as accountants and solicitors they seek the help of professionals they can trust. We at the IFA Consultancy Centre Ltd.
Encore Financial Solutions
Dumbarton, West Dunbartonshire, Scotland, G82 3PD
EFS was founded in 2008, and although it has grown significantly since then, we still hold the same founding principles we began with. Over the years we've helped to arrange all types of Mortgages,
Rational Finance
Swindon, Wiltshire, South West England, SN3 1QY
We are Independent Financial Advisers (IFA) based in Swindon, Wiltshire. We were the first IFA firm in Swindon to be awarded the prestigious Chartered Financial Planner designation which is the
Martin Cuthbert Financial Services
Calne, Wiltshire, South West England, SN11 9PX
Martin Cuthbert Financial Services Limited is a firm of independent financial advisers based in North Wiltshire dealing with private individuals and corporate clients. The business has been awarded
Nigel Wearden IFA
Making plans for your retirement involves making some of the most important decisions you will ever make. The breadth and complexity of the available financial solutions can appear overwhelming, and
Focus
Oxford, Oxfordshire, South East England, OX2 0JL
Our team of experts deliver professional advice and a personal service to both individual and corporate clients. FOCUS aims to be the natural choice as trusted advisers in protecting assets and
Warr & Co
Stockport, Greater Manchester, North West England, SK1 1YJ
We act as Independent Financial Advisers (IFAs) and independent mortgage brokers. This means that our advice is unbiased and solutions to your financial planning needs are sourced from the whole
Enlightened Money
Chester, Cheshire, North West England, CH1 4QN
Without doubt Simon is one of the UK's leading Lifestyle Financial Planners. He cuts through the 'noise' created by the financial services industry. Unlike most 'Advisers', he doesn't over promise and
Stephen Davies IFA
Caerphilly, Caerphilly, Wales, CF83 1TQ
Martin started his financial career working for the Leeds & Holbeck building society as a Mortgage Adviser, progressing through to the blue chip company Legal & General as a Business Development
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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