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Financial Advisors in the UK
Almary Green Investments
Wisbech, Cambridgeshire, East England, PE13 1NE
At Almary Green, we believe that good financial advice is all about you. It's about building a plan based on your needs and aspirations then finding the right package of investments, protection and
Prolease
Hereford, Herefordshire, West Midlands, HR4 0BU
Prolease Ltd was established in 1991 by Stuart Austin -we are a friendly personal team wanting to build close relationships with our customers and their suppliers. We specialise in providing funding
H B Cranfield Wealth Management
Pulborough, West Sussex, South East England, RH20 2BW
Our team of financial advisers at HB Cranfield Wealth Management Ltd has a wealth of experience in providing unbiased financial advice. We provide bespoke advice in investment portfolio and management
Skyridge Financial Planning
Dunfermline, Fife, Scotland, KY11 8UU
Taking the time to understand our client's unique circumstances and individual requirements is key to us developing strategies that are right for you. We prioritise financial planning needs and offer
Richmond Finance Services
Reading, Berkshire, South East England, RG5 4AW
Here at Richmond Finance Services, we are specialists in Equity Release Mortgages and provide you with quality, professional advice that you can trust. Whatever your particular requirements, whether
Smart IFA
Darlington, County Durham, North East England, DL3 9XF
The great joy of financial freedom is having your heart and mind free from worry about life's uncertainties, and our aim is to pave the way for a more secure financial future for you, your family and
Vintage Financial
Finchley Central, North London, London, N3 2BP
Vintage Financial Limited is a medium sized Independent Financial Adviser (IFA) practice authorised and regulated by the Financial Conduct Authority (FCA). Based in North London, the company offers a
Advantage Finance
Grimsby, Lincolnshire, East Midlands, DN32 0LW
We are a leading supplier of specialist finance facilities, via motor dealers throughout the UK, that facilitate the purchase of new and used cars, vans, motorbikes and caravans. Our individual
Integrity IFA
Integrity IFA offers a professional service with experienced advisers covering all areas of financial and mortgage planning. As independent financial advisers we offer unbiased advice with our clients
Portlethen Financial Services
Portlethen, Aberdeenshire, Scotland, AB12 4UN
We will look after your personal interests. With access to the financial market, we can search thousands of options to find the most suitable products and services for you. If you are thinking about
Rumwell Financial Services
Taunton, Somerset, South West England, TA4 1EL
Rumwell Financial Services offers more than just an insurance policy and a pension plan purchase; we are committed to being here for the long haul as trusted advisors who you can confidently turn to
Capital Solutions
Harpenden, Hertfordshire, East England, AL5 3BW
Since 1989 we have been giving families and businesses financial advice with regards to their Life Insurance, Pensions, Investments and Inheritance Tax issues in an approachable and professional
Corville Wealth Management
Haxby, North Yorkshire, Yorkshire and the Humber, YO32 2LU
Our core values ensure we act with the utmost degree of integrity and professionalism at all times and are open and ethical in everything we do. We operate a transparent charging structure and put our
Redwood Finance Group
Camberley, Surrey, South East England, GU15 1QJ
Arranging finance can be a very complex and time consuming process and how you present your proposal to prospective lenders is critical to success. With over thirty years experience in the Business
Advance Financial Consultants
Hounslow, South West London, London, TW3 3HW
Advance Financial is a fully commited organization of financial advisors primarily based in London UK. We are a designated partner of one of the UK's expanding network Julian Harris Mortgages. We
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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