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Financial Advisors in the UK
Prest Financial Services
Stockport, Greater Manchester, North West England, SK7 5ER
Both are high risk investments - but both have the potential of high reward. Let's start with some facts. A Venture Capital Trust (VCT) is an investment vehicle quoted on the stock market, like an
Elementum
Preston, Lancashire, North West England, PR2 9TH
With finances and financial planning becoming ever more complicated, there has never been a better time to take advice from Elementum - financial experts you can depend on and trust. Please take some
Hughes Carne I F A
Fareham, Hampshire, South East England, PO16 7BG
We are a firm of Independent Financial Advisers, authorised and regulated directly by the Financial Conduct Authority. We aim to help you plan for life's ups - and downs - and to show you that
Henderson Ponsford
Gravesend, Kent, South East England, DA12 2RE
The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. This site does not confer any form of personalised
Sweetland Associates
Sweetland Associates Ltd is a firm of independent financial advisers based in South Wales, specialising in the management of pensions and investment portfolios. We provide financial advice to both
Stone Financial Consultants
Liverpool, Merseyside, North West England, L23 0RL
UK Independent Mortgage Advisers with over 18 years of experience in the Financial Services industry. We therefore offer you unbiased financial and independent mortgage advice from all of the current
Sussex Financial Advisers
Hailsham, East Sussex, South East England, BN27 1AE
To provide qualified Independent Financial and Mortgage Advice to the public in partnership with quality independent estate agents and professional introducers and thereafter improve the financial
Coton Financial Management
Birmingham, West Midlands, West Midlands, B23 6TP
We specialise in providing independent financial advice for those approaching retirement or who are already retired. Coton Financial Management have been offering tailored independent financial advice
Acumen Financial Consulting
Folkestone, Kent, South East England, CT20 1BA
Turn to us for unbiased and dependable guidance from experienced financial advisors. Acumen Financial Consulting provide independent financial advice and investment solutions to clients throughout
Taylored Financial Services
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
Southern Hay Financial Planning
Paignton, Devon, South West England, TQ4 6NF
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
Professional Financial Centre
Wokingham, Berkshire, South East England, RG40 1XP
Based in Berkshire, we are a specialist provider of independent advice and financial planning services to individuals, trusts and businesses located in the Thames Valley and surrounding areas. We work
Coates & Co Financial Planning
Darlington, County Durham, North East England, DL3 8RH
We are a firm of Independent Financial Advisers based in Darlington, County Durham and have been advising our clients on their financial needs for over 15 years. We travel to visit clients in the
Wtk
Chester, Cheshire, North West England, CH4 0DF
We offer a wide range of services that includes advice on personal and corporate investment, business planning and all types of pension schemes (including employee benefit schemes). This ethic has
McSherry Halliday
Kilmarnock, East Ayrshire, Scotland, KA1 1HA
We are a long established firm with offices in Kilmarnock, Irvine and Troon, serving clients across Ayrshire and beyond. We deliver a range of legal, financial and estate agency services tailored to
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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