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Financial Advisors in the UK
Gibson Financial Planning
Coleraine, County Londonderry, Northern Ireland, BT52 2DF
Our goal is ultimately to give you complete peace of mind about your financial future. Our expert team can subsequently help reduce what you pay in tax and increase what you have to spend on the
Kerrek Financial Management
Newquay, Cornwall, South West England, TR7 2QY
We are a chartered firm of financial planners. This means we have satisfied rigorous criteria relating to professional qualifications and ethical good practice. It means that you can be confident that
H.J.Scott
Bolton, Greater Manchester, North West England, BL1 4QR
After many years of helping individuals with financial advice, we had clients who were very happy with our planning and service, but they were less than happy with the investment returns they were
Cmi S
Rayleigh, Essex, East England, SS6 7EJ
CMIS is a firm of Independent Financial Advisers which was established in 1988 with offices in Rayleigh, Essex and Stamford, Lincolnshire. CMIS was awarded the prestigious title of "Chartered
HBS Financial Planning
Blackpool, Lancashire, North West England, FY4 2RH
For many years, HBS Financial Planning has been providing clients with innovative and sound financial advice through our professional team of highly qualified advisers. This is a proven approach based
Elementary Investments
Slough, Berkshire, South East England, SL2 5AP
We specialise in providing on-going holistic advice on a personal level. We manage investment portfolios and pension funds with an emphasis on capital preservation. We pay particular attention to
Platinum Financial Planning
Belfast, County Antrim, Northern Ireland, BT4 3GY
Platinum Financial Planning Ltd., established in 2004, is a team of independent financial advisers (IFA's) and wealth managers, offering advice to a broad range of mid to high net worth individuals,
Eildon Management & Finance
Stockton on Tees, County Durham, North East England, TS22 5JZ
Eildon Management & Finance is a boutique accounting and business consulting practice to private business owner/managers. Eildon Management provides business consulting and non-executive services.
IFA In Sevenoaks
Sevenoaks, Kent, South East England, TN13 3TE
We at Foxgrove Associates are a firm of Independent Financial Advisers here to help you, the individual. We're not working within the best interests of a bank or an insurance company. We're
Horizons Financial Planning
Hitchin, Hertfordshire, East England, SG4 9SP
Our Aim is to provide our clients with genuine impartial financial planning advice. High levels of personal service provided by practitioners with years of experience in the financial services
Kapital Venture Equity
Inverkeithing, Fife, Scotland, KY11 1HP
Kapital Venture Equity will consider providing external equity finance for young or ambitious companies looking to source funds. Considering each project on its individual merits, typically we will
Phil Anderson Financial Services
At Phil Anderson Financial Services we offer Independent Financial Advice to our clients on a range of areas including investments, pensions, savings, mortgages and insurance. We are happy to meet
Asset Wealth Management
Letchworth, Hertfordshire, East England, SG6 3AU
You have found us because you are looking for sound, financial advice. As professional Independent Financial Advisers, Asset Wealth Management LLP are authorised to deal with many forms of financial
Aqua Wealth Management
St Albans, Hertfordshire, East England, AL1 4AP
We are a team of experienced, qualified Independent Financial Advisers based in St Albans, Hertfordshire, providing specialist bespoke advice to individuals and corporate clients. We provide holistic
Wensum Financial Planning
Norwich, Norfolk, East England, NR5 0DE
During that meeting we will be able to tell you what our costs will be and what payment choices you have. You can then decide if you want us to go ahead. If you go on and ask us to arrange a product
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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