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Financial Advisors in the UK
Archers Financial Services
Enfield, North London, London, EN2 6SE
Archers Financial Services was established in 1991 and is today a leading provider of professional and independent financial advice in North London. We understand that everyone's different, and that's
Richard Subden Insurance Consultants
Epworth, Lincolnshire, East Midlands, DN9 1EP
Richard Subden Insurance Consultants Ltd and Harold Woolgar Insurance Services Ltd is an appointed representative of The Life & Pensions Network Ltd which is authorised and regulated by the Financial
Advoco Financial
Camberley, Surrey, South East England, GU15 2NT
Advoco Financial are specialists in mortgage advice, which means we work for you in order to find the most suitable and cost effective mortgage product to suit your needs. Not only can we ensure that
Anstey Financial Planning
South Molton, Devon, South West England, EX36 3DB
Although we specialise in financial planning for persons 50 plus, advising on and arranging investment for income and / or capital growth, inheritance tax planning, options at retirement and equity
Burton & Fisher Financial Services
Morecambe, Lancashire, North West England, LA4 6BY
When you're looking for a financial adviser, you want somebody independent, trustworthy and professional. You want expert, specialist advice, but you don't want to be baffled by jargon. At Burton &
Stonepath Financial Services
Crieff, Perth and Kinross, Scotland, PH7 4DT
We specialise in providing you with quality, professional financial advice that you can trust. Whatever your particular requirements, whether it be a mortgage, remortgage, buy to let, or protection
First Financial
Stanmore, North West London, London, HA7 4AF
Being a great financial advisory firm does not just come from competence in the latest mortgage and protection products on the market. It comes from decades of experience, founded on providing true
Arma Partners
London Bridge, South East London, London, SE1 9SG
We work with a wide range of clients including young, cutting-edge start-ups, established market leaders, Venture Capital and Private Equity houses and large global publicly-listed corporate and
Gracechurch Financial Services
Sudbury, Suffolk, East England, CO10 2AD
Gracechurch Financial Services provide retirement advice for employees, companies and the self employed. Gracechurch Financial Services use computer software to ensure that you receive the most
SLG Financial Solutions
Hove, East Sussex, South East England, BN3 3ZN
We are a firm of independent financial advisers (IFAs) based in Brighton & Hove providing financial advice to clients throughout Sussex. Our service is focused on making your financial life as
Bradbury Hamilton
Tower Hill, City of London, London, EC3A 5AT
When I set up Bradbury Hamilton in the early 90's I wanted to provide clients with easily accessible, real world financial advice that seamlessly fitted with their personal and business needs to help
M S Financial Services
Shipley, West Yorkshire, Yorkshire and the Humber, BD18 3SP
The world of finance can be a very confusing place and our aim is to help you to understand your options and reach your financial aims. We are a small, friendly firm of independent financial advisers
Charlwood Leigh
Leatherhead, Surrey, South East England, KT22 8EQ
In order to find your way around the modern financial landscape with its constantly changing regulations, rules and laws, you will need an experienced, qualified and trustworthy guide. Charlwood Leigh
Marsh Finance
Rochdale, Greater Manchester, North West England, OL16 1UG
We are not a broker, we are a lender, we make the credit decisions and lend our own money. Marsh provides motor finance solutions for Car Dealerships, Brokers and Manufacturers. Marsh lend our own
Equitas Financial
Plymouth, Devon, South West England, PL4 7AF
At Equitas Financial (UK) Ltd we aim to provide a comprehensive Independent Financial Analysis service in a manner we ourselves would expect to receive. We believe that all solutions should be
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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