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Financial Advisors in the UK
Monahans Financial Services
Swindon, Wiltshire, South West England, SN1 3DR
Our team of Independent Financial Advisers can advise you across a range of financial subjects including financial protection, wealth management and family wealth transfer & estate planning. We will
Enable Financial Life Planners
Bishop's Stortford, Hertfordshire, East England, CM23 2LD
From day one, the emphasis at Enable Independent has been on building a team that brings not just financial expertise but also open minds on what our clients want from life. It is for you the client
Concept Financial Solutions
Nottingham, Nottinghamshire, East Midlands, NG16 1AQ
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
Info 4
Wokingham, Berkshire, South East England, RG40 4YJ
Colin Austin has 30 years of experience offering financial advice to corporate and private clients in a broad range of financial services, from investments to mortgages. This website primarily
Axle Finance
Harrow, North West London, London, HA2 6EH
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
Parker Sage Financial Advisers
Peterborough, Cambridgeshire, East England, PE2 6FT
Wealth, just like your health, must be carefully preserved. Your assets need to be protected against the potential threats of erosion by taxation, the effects of inflation & investment risks. Whatever
Premier Financial Planning
Bath, Somerset, South West England, BA1 2HA
Premier Financial Planning is a firm of independent financial planners based in Bath and working throughout the South West. We provide advice to both individuals and companies on all aspects of
Clarity Financial Management
Billericay, Essex, East England, CM12 9AX
We at Clarity pride ourselves, not only offering our clients the best advice on mortgages and protection products, but also. We provide private and corporate clients with truly professional financial
Colin Davies Financial Advisers
Ipswich, Suffolk, East England, IP3 9FJ
Pensions are, of course, designed to enable you to save sufficient money during your working life to provide an income stream for you to live comfortably after you have retired. There are many
McGarrie Vahey & Partners
Wilmslow, Cheshire, North West England, SK9 1NY
McGarrie Vahey & Partners is the trading name of MVA Holdings Ltd. We offer a comprehensive financial planning service for all your investment and protection needs. This includes advising owners of
Allan Investment
Northampton, Northamptonshire, East Midlands, NN1 1JX
Allan Investment Management Ltd is an Independent Financial Adviser (IFA) firm based in Northampton in the Midlands. At the heart of our business is you, our client. Our role, as Independent Financial
Financial Management Services
Plymouth, Devon, South West England, PL4 8HB
Formed in 1993, Financial Management Services Limited became incorporated in 2006. Our aim is to provide sound effective financial advice on all areas of financial planning to our individual clients
Gransha Financial Services
Lutterworth, Leicestershire, East Midlands, LE17 4HN
If you are looking for a high quality mortgage or financial advice in Leicester and Leicestershire then you have come to the right place. Gransha Financial Services has been helping people and
Throgmorton Private Capital
Chelmsford, Essex, East England, CM1 2XN
Throgmorton is a firm of totally independent financial consultants specialising in providing Whole of Market advice to individuals, professionals and companies, regarding all aspects of personal and
Intouch Investments
Bridgwater, Somerset, South West England, TA7 0BN
We hope you find the site both useful and informative. The General Insurance Services and made available to you through our website are introduced by ourselves to a third party, however you can 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