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Financial Advisors in the UK
Barnsley Building Society
Doncaster, South Yorkshire, Yorkshire and the Humber, DN1 1TD
From the following login page onwards, you'll notice that the website looks different. We're confident you'll have no problem managing your accounts online but if you want to know more before you try
Critchleys
Oxford, Oxfordshire, South East England, OX1 1BE
Critchleys VAT really came through for us in solving our matter with speed and professionalism, and keeping us fully informed every step of the way. A great efficient service. For High Net Worth or
Finance For Life
Ascot, Berkshire, South East England, SL5 7EU
Finance for Life was established in 2004 and provides a friendly and proactive service to assist you in making the most of your money throughout your lifetime. Our comprehensive and bespoke financial
Financial Advisers To Consultants
Crawley, West Sussex, South East England, RH10 1XP
Financial Advisers to Consultants Engineers & Technologists (FACET) was originally set up in 1979 and has been helping clients with their investments since 1985. Specialising in providing
Blackdown Financial
Taunton, Somerset, South West England, TA1 4AJ
We passionately believe that financial products such as pensions, investments and mortgages should be recommended once we know what the client is trying to achieve and what lifestyle they would like
Amass Business & Tax Consultancy
Coventry, West Midlands, West Midlands, CV6 5HP
Our firm expertly attends to all your accountancy, taxation and business queries. Thanks to the established expertise of our experts and our dedication and many years of experience in consulting and
E F T Finance
Horsham, West Sussex, South East England, RH12 2BT
EFT Finance is an independent finance broker arranging funding for all sizes of business in every sector. Offering a personal service through a team of experienced finance professionals we aim to
Equity Advice
Enfield, North London, London, EN2 7DU
Our Services cater for Specialist Financial Advisers, Introducers and their clients, who are looking for truly independent Equity Release facilities. We provide a full advice service for elderly
Basi & Basi Financial Planning
Billericay, Essex, East England, CM12 9AB
What do you want from life? A big question, but only when life drives financial planning, not the other way around, can it deliver a satisfactory result. Forget graphs and shiny brochures; what do you
Homer
Harpenden, Hertfordshire, East England, AL5 3BL
Homer & Co LLP is a long established firm of independent financial advisers based in Harpenden with clients throughout the UK. We understand the major financial decisions you make will have
Bibby Financial Services
Liverpool, Merseyside, North West England, L1 5JQ
Bibby Financial Services is the UK's leading independent invoice finance specialist and a trusted provider of funding solutions to over 7,000 businesses. Through our network of 18 local offices, we
Simpsons Of Brighton
Brighton, East Sussex, South East England, BN1 3ED
We offer you advice on a wide range of financial matters including mortgages, pensions, investments and protection. Our advice is non-biased and individually tailored on products from the whole of the
Recovery & Turnaround
Matlock, Derbyshire, East Midlands, DE4 5FY
With over 40 years of experience in the business recovery and financial turnaround industry we are leading experts operating for clients throughout Derby, Chesterfield, Sheffield and the entire UK
D H M Wynchwood
Stratford upon Avon, Warwickshire, West Midlands, CV37 9NR
With offices in Stratford-upon-Avon in Warwickshire, we are ideally located to serve clients throughout the UK. As independent financial advisers, we are able to advise on financial products available
Jps Financial
Manchester, Greater Manchester, North West England, M12 6JH
By now you have probably become aware of the PPI selling scandal that affected many of the UK's financial institutions over the last fifteen years - with around twenty million people being sold one of
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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