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Financial Advisors in the UK
KML Financial Services
Truro, Cornwall, South West England, TR1 2PZ
KML Financial Services was formed in 1993 and is run by Keith Parsons & David Watson. We pride ourselves on providing a professional, friendly service to all our clients. Keith and David have, between
Integritas Financial Planners
Swadlincote, Derbyshire, East Midlands, DE11 9DJ
The company is owned and led by Mark Johnson. He is a Chartered Financial Planner, an exclusive accreditation that is the gold standard of excellence and integrity within the financial services
The Goodman Partnership
Tunbridge Wells, Kent, South East England, TN1 1DJ
The Goodman Partnership LLP has some of the best qualified and most experienced advisers you are likely to find. That's because we've made it our business to concentrate on retirement planning,
Richard Short & Associates
Coldblow, South East London, London, DA5 1AB
Richard Short & Associates Limited (trading as Richard Short & Associates) was founded in 1986 on the principle of listening to and caring for clients to ensure they will be both secure and protected
Blow Abbott
Cleethorpes, Lincolnshire, East Midlands, DN35 8JN
Blow Abbott Limited are Chartered Accountants focused on delivering a personal service. Our proactive service is quality driven and tailored to the needs of you and your business. We are based in
Paul Hipkiss
Tiverton, Devon, South West England, EX16 6AA
Selecting the right financial adviser to look after your investments is one of the most important financial decisions you'll ever make. At Paul Hipkiss Independent Financial Advisers our focus is on
Colin Holmes & Associates
Farnborough, Hampshire, South East England, GU14 6ET
Since 1982, we have been serving the needs of individuals and businesses, and our goal has been to provide quality insurance at competitive prices. As independent financial advisers, we are not tied
Custodian Wealth Management
Farnham, Surrey, South East England, GU10 5HY
Custodian Wealth Management Ltd was set up in 2004 by Richard Sutcliffe and Branimir Gavrilovic, who are still the principal advisers. Our advisers are fully qualified and experienced to advise
Silveridge Financial Services
Abingdon, Oxfordshire, South East England, OX14 9EN
At Silveridge our friendly, professional team are all fully qualified and have over 30 years combined experience in the financial services industry. We have never needed to advertise, as the vast
Kent Financial & Management Services
KFMS was established to allow SME's in Kent and Sussex (and sometimes beyond) to benefit from cost effective and flexible help for their accounting/finance functions and business management. Peter
Portfolio Financial Management
Southend on Sea, Essex, East England, SS1 1BU
Here at Portfolio Financial Management we provide all our clients with informative, unbiased advice in a language that's easy to understand. If you're thinking about planning your pension, planning
Sterling Asset Management & Services
West Bridgford, Nottinghamshire, East Midlands, NG2 5LZ
Our people are very important to us, as is making certain we provide you with the best possible professional financial advice. Below is a short biography for each of our colleagues together with their
RB Financial
Horsham, West Sussex, South East England, RH13 6RQ
We provide individual, Trustees, corporate clients, and charities with independent financial advice, often working in conjunction with our clients' other professional advisers. We have the expertise
Charlwood IFA
Bournemouth, Dorset, South West England, BH4 9AE
With so many financial organisations claiming to offer the same Wealth Management services and advice, who should you choose to look after your affairs - and why? We believe it's our knowledge,
The Finance Surgery
Romsey, Hampshire, South East England, SO51 7RW
The Finance Surgery exists to offer you the most attractive terms whether your requirements are for residential, investment, commercial or development finance. The service we provide is discreet and
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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