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Financial Advisors in the UK
Pennymatters
Bracknell, Berkshire, South East England, RG12 8PE
We are an Independent Financial Planning practice of highly qualified and experienced individuals with extensive market knowledge. Whilst we pride ourselves in being a general practice, we have
Hughes Financial Services
Newtownards, County Down, Northern Ireland, BT23 4YH
At Hughes Financial Services we have over 30 years experience so you can relax and trust that you are in safe hands. We have a team of highly trained and experienced Independent Financial Advisers to
The Morgan Law Partnership
Dunfermline, Fife, Scotland, KY12 7JE
Get instant access to our entire property portfolio when you're on the move with our free mobile app. When you need property, legal or financial advice, contact Morgans for a free initial
Claire Blake IFA
My name is Claire Blake I am a fully qualified Financial Planner with over 24 years of experience in Financial Services Industry currently based in Braintree, Essex. From my office in Braintree, Essex
Rothmere Wilson Financial Services
Hitchin, Hertfordshire, East England, SG5 2DF
We are delighted that Steve Wilson of Rothmere Wilson Chartered Financial Planners has agreed to merge his business with ours effective 1st April 2015. Steve, who has spent the last 2 years
I F M
Huddersfield, West Yorkshire, Yorkshire and the Humber, HD2 1YY
Inspirational Financial Management will look at your current financial situation with a holistic perspective tailored specifically to your personal needs. We will develop and implement a strategic
Old Mill Accountants
Yeovil, Somerset, South West England, BA20 1SH
Old Mill is an award winning business success story. Formed by a buyout in 2006 the practice has more than doubled in size since then through organic growth. We now have four offices across the West
The Harvest Partnership
Bromley, South East London, London, BR2 9LB
Our clients are individuals and families who have either approached us directly in response to our advertising or are referred by an existing client or their professional adviser. Primary goals are to
Elmwood
Leatherhead, Surrey, South East England, KT22 7AW
Through the combined approach of independent advice and transparent charging clients can be confident that all investment recommendations are solely made on the basis of what's best for you. We
Neville Birch
Hillingdon, West London, London, UB10 8HB
We are a proactive and forward thinking firm of Financial Advisers whose staff, at all levels, provide a hands on and caring approach with individuals and businesses. We listen to your needs, and
SWLaw Investment & Financial Planning
Ivybridge, Devon, South West England, PL21 9GD
SWLaw brings you access to a wide range of legal and financial services from two practices sharing a common client-focused approach. The aim is to develop a full understanding not just of the
Sigma Asset Management
West Byfleet, Surrey, South East England, KT14 6EY
The cornerstone of our wealth management advice service is exactly that, service. Our aim is to protect yourself and your family in this rapidly changing world and assist you in achieving your
Eclipse Financial Solutions
Barnstaple, Devon, South West England, EX32 8HJ
Eclipse Solutions has its office in Barnstaple, although our clients come from across Devon and beyond. Our team of financial advisors are well experienced and have earned a reputation for offering
Kind Financial Services
Walsall, West Midlands, West Midlands, WS9 8LZ
We are a firm of Mortgage & Insurance advisers based in the West Midlands, UK. We provide advice to both individuals and companies on their existing financial situations, through a long term approach
Chris Bibb IFA
Ferndown, Dorset, South West England, BH22 9AU
Welcome to our Web Site, we hope you find it useful and informative. Chris Bibb Independent Financial Advice Ltd is a professional firm focused on adding value by providing the best service to its
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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