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Financial Advisors in the UK
Cheam Financial Planning
Sutton, Surrey, South East England, SM3 8BU
As first time buyers we felt that everything was clearly explained and we were able to call/email any questions at any time and always got a quick response. The stressful process of buying a house and
Credenda
Woking, Surrey, South East England, GU21 4DY
Credenda has been an IFA firm since its formation in 1986. Direct regulation means that we are responsible ourselves for our actions rather than part of a large operation with others managing the
Ardmore Financial Planning
Carluke, South Lanarkshire, Scotland, ML8 4BE
Privacy statementPrivacy statementYou voluntarily choose to provide your personal details. Personal information will be treated as confidential by us and held in accordance with the Data Protection
HL Consulting
Redditch, Worcestershire, West Midlands, B97 5JA
The firm received the highly acclaimed title of Chartered Financial Planners on 27th August 2010. This prestigious designation is awarded by the Chartered Insurance Institute and is widely regarded as
Alan Reid
Hillsborough, County Down, Northern Ireland, BT26 6RE
Alan Reid Financial Services (NI) Limited are an established firm of Independent Financial Advisers based in Hillsborough County Down Northern Ireland. Pension Planning - When do you want to retire
Stones McCourt
Wombwell, South Yorkshire, Yorkshire and the Humber, S73 8HS
Stones McCourt LLP is a Limited Liability Partnership based in the centre of Wombwell, near Barnsley, South Yorkshire. Advice offered is completely independent as there is no allegiance or association
CBK Wales
Barry, Vale of Glamorgan, Wales, CF62 7DX
Established in 2002, CBK are Independent Financial Advisers who have access to the widest range of financial products and services available in the UK. This means we are able to give you truly
Guildford Wealth Management
Guildford, Surrey, South East England, GU1 2SD
Graham specialises in both corporate work and inheritance tax mitigation. However, he is also highly experienced in the personal and corporate pensions, general protection, investment, mortgage
Sovereign Finance
We use over 30 years of expertise to save you time and money by finding solutions for your financial needs. At all times our help and advice are simple to understand, friendly and above all,
PSA Financial Services
Leicester, Leicestershire, East Midlands, LE2 9JW
Saving for retirement: The fundamental question here is can you rely on the state to provide you with a comfortable retirement? When it comes to retirement planning, too many of us are leaving it far
R S Financial Solutions
Northampton, Northamptonshire, East Midlands, NN2 6EZ
Making financial plans and taking financial decisions is never easy. You need to understand current market forces; the latest and upcoming regulations and be able to search all the providers for the
Birchwood Independent Financial Advisers
Neath, Neath Port Talbot, Wales, SA11 2TU
We are an Independent Financial Adviser practice based in Neath who provide good quality Independent and Impartial Advice. We specialise in Investments, Pensions, Protection, Mortgage, and Equity
The Financial Services Club
Colliers Wood, South West London, London, SW19 5NB
What is the Future of Financial Services? The financial services industry is changing, and changing fast. For many banks and insurance firms, keeping up with change is a full-time occupation. The raft
Brookdale IFP
Wirral, Merseyside, North West England, CH49 1SP
Money and assets fundamentally influence our life experiences, for better and for worse. By identifying the key objectives and goals of clients, we can help them to better arrange their financial
Focus Solution Group
Leamington, Warwickshire, West Midlands, CV32 6RQ
Focus Solutions is a leading provider of software and consultancy solutions to the global financial services industry. We enable our customers to automate the delivery of financial products 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