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Financial Advisors in the UK
IMC Financial Services
East Sheen, South West London, London, SW14 8HY
As professional Independent Financial Advisers, we specialise in giving advice to clients on a wide range of financial matters. We are able to give clear, easy to understand advice to meet your
Crofton Financial Planning
Bexley, South East London, London, DA15 7AA
We are an independent financial advisers firm, which means that we offer a wide range of products and services from the whole of the market. We work on behalf of our clients, so are not restricted to
Lumley Baxter Asset Management
Huddersfield, West Yorkshire, Yorkshire and the Humber, HD1 1BG
Founded in 1969 by Robert Lumley to provide truly independent advice on a personal, bespoke basis. Son, Michael, joined in 1982 to continue the tradition and became one of the first advisers in the
Precedo Financial Consultancy
Leeds, West Yorkshire, Yorkshire and the Humber, LS19 7BN
We are not tied to any Banks, Building Societies, Investment Fund Houses or Insurance Companies. We can provide unbiased advice by selecting the most appropriate products and providers of those
Forbes Financial
Tunbridge Wells, Kent, South East England, TN1 1NU
Forbes Financial is a Partner Practice of St. James's Place Wealth Management. Director, Matthew Forbes has been offering financial services solutions, to individuals, corporates and Trustees for over
Quro Financial
Bristol, South West England, South West England, BS34 7PZ
Quro Financial Ltd provide a highly personal financial and business planning service. It is based on a very close understanding of your life, work, family and plans. Our expertise is investments,
Jones-Sheridan
Crewe, Cheshire, North West England, CW2 7HD
We pride ourselves on listening to what our clients say and guiding them through every step of the process. We'll provide impartial advice, presented in a way that's clear and easy to understand. Find
1st Financial Foundations
Milton Keynes, Buckinghamshire, South East England, MK9 1LH
If you think the only way you could afford to live your dreams is a lottery win, think again. We are Independent Financial Advisers. We show you how to develop long-term financial security and wealth,
Mandalay Financial
Marylebone, West End, London, W1U 4HT
Our aim is to provide our clients with a professional service throughout the term of a mortgage and beyond. Mandalay Financial Ltd is an Appointed Representative of Pink Home Loans. Pink Home Loans is
Asset & Investment Management
Kingston upon Thames, South West London, London, KT1 4AN
We are independent and whole of market financial advisers, so our advice is unbiased and unrestricted. We understand that everyone's finances vary - but so do people and here at Asset and Investment
IFA Financial Services (UK)
Bishop's Stortford, Hertfordshire, East England, CM23 2LD
We hope that you find our Website informative and helpful, however, please note the site is intended as a guide and should not be seen as advice. Please also remember to read our Guide to Our
Fleet Street Financial
Blackfriars, City of London, London, EC4Y 0HP
UK construction falls in April Output in the construction industry falls 0.8% in April compared to the previous month, . S Korea rates cut amid Mers outbreak South Korea's central bank cuts interest
Vale Independent Financial Advisers
Pontyclun, Rhondda Cynon Taff, Wales, CF72 8AL
It's never too early to start thinking about packing up and taking off the live the dream. As experienced retirement planning advisers, our guidance is designed to find your right way forward. Our
Hartsfield Financial Services
Corsham, Wiltshire, South West England, SN13 0RP
Hartsfield Financial Services Limited is a specialist provider of independent, quality financial advice to individuals and owner-managers of Small to Medium-Sized businesses across the UK. Our
Bovill Consulting
London Bridge, South East London, London, SE1 8EN
Since we first rolled up our sleeves in 1999 we've been helping businesses in financial services to thrive. We've built a team of professionals with the right experience and know-how to deal with
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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