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Financial Advisors in the UK
Adrian Smith & Partners
Coventry, West Midlands, West Midlands, CV5 9RG
We are a qualified team of Independent Financial Planners and Advisers offering an all-round personal financial planning and advisory service in Coventry, Warwickshire and throughout the UK. Most
Neill & Co. Financial Services
Cambuslang, South Lanarkshire, Scotland, G72 7EX
No investment decision should be taken based on the content of this site, always take full individual advice first. The regulations governing tax rates and investments may change in the future. Your
CPR Financial
Twickenham, South West London, London, TW1 3SX
We feel by offering whole of market independent advice we offer our clients the best possible service and advice that is tailored to meet their individual needs. This helps our clients understand,
MIBEN Financial Consultancy
Chingford, East London, London, E4 7BE
MIBEN Financial Consultancy is the trading style of Michael George Benjamin, an Independent Financial Adviser, authorised and regulated to arrange transactions and offer advice in the UK; primarily
J2M Financial Solutions
Gosport, Hampshire, South East England, PO12 4BG
With various Mortgage and Protection options available throughout the UK it is not surprising that finding the one that best suits your particular needs can be a challenging task! This is where we
A F S
Chesterfield, Derbyshire, East Midlands, S40 1LH
AFS Limited acts on your behalf to provide independent financial planning. We work for a wide range of clients, including young families, business owners, company directors and retired people.
Close Brothers Asset Finance
Surbiton, South West London, London, KT6 7EL
Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services, and securities trading. Established in 1878, Close Brothers Group plc employ 2,700
Oliver Asset Management
Musselburgh, East Lothian, Scotland, EH21 7PB
Roland Oliver established Oliver Asset Management in 2004 to deliver elegant Wealth Management solutions to a range of affluent clients. Since then the business has developed a particular niche,
JLS Associates
Kinross, Perth and Kinross, Scotland, KY13 0LG
We have been providing expert advice on all aspects of financial planning since 1999. We believe financial planning is a lifetime commitment and our relationship with you is at the heart of everything
Evolve Financial Management
Sevenoaks, Kent, South East England, TN13 2JY
I have known Mike Fisher for 20 years and am fortunate to have the benefit of his on-going advice and guidance. The tailored pension plan Mike arranged for me has enabled the purchase of commercial
IFA Lowndes Alexander Daniel
Warrington, Cheshire, North West England, WA3 6AT
We are a team of experienced Independent Financial Advisers and support staff based in Warrington within the North West of England. We specialise in the world of Pensions and Investments for Personal
David Hopkinson IFA
Wigton, Cumbria, North West England, CA7 5ET
We provide reliable and cost effective financial planning solutions from highly qualified and experienced financial advisers. The emphasis is on long-term client relationships, not one-off
Advisory Financial Services
Swindon, Wiltshire, South West England, SN25 2BJ
At Advisory Financial Services, we are dedicated to creating a meaningful, long-term relationship with you that is based on understanding, knowledge and commitment to progress. Advisory Financial
Patterson-Mills Financial Planning
Milton Keynes, Buckinghamshire, South East England, MK4 1GA
We are Chartered Financial Planners and Independent Financial Advisers that offer you unrestricted access to the whole of the market for UK investments (including ISAs), international funds (also
Chris French
Herne Bay, Kent, South East England, CT6 5NG
We are an established firm of Independent Financial Advisers with an excellent reputation for providing friendly, helpful and impartial advice from the whole of the market. 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