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Financial Advisors in the UK
Alpha Financial Advice
Carlisle, Cumbria, North West England, CA1 2BS
Dave has been in Financial Services for 14 years the last 7 as an Independent Financial Adviser. Previous to this he was in Home Services for a major life office. Paul has been in Financial Services
Retirement Planning Partnership
Romsey, Hampshire, South East England, SO51 8ED
Each member of the TRPP team is experienced, approachable and highly-qualified. All our advisers are Certified or Chartered Financial Planners, and have at least 20 years' industry experience. Over
Martin Horsfield IFA
Darwen, Lancashire, North West England, BB3 3LL
We are a young and vibrant company who passionately believe in providing an unrivalled customer focussed professional service to our clients. We pride ourselves in our ability to clearly and
Jardine Financial Consultancy
We also offer whole of market advice on Savings, Investments, ISAs and Tax Planning, Life Cover, Critical Illness, Income Protection and Mortgages. Jardine Financial Consultancy has access to the
KRC Chartered Accountants
Llanelli, Carmarthenshire, Wales, SA14 6RA
KRC Chartered Accountants is a leading firm of chartered accountants providing the highest quality accountancy and taxation services to owner-managed companies, family businesses and private
Montgomery Charles Financial Management
Trowbridge, Wiltshire, South West England, BA14 8JU
We focus on long term relationships with our clients, integrating all aspects of your finances - whether business or personal. This approach enables us to give you relevant and timely advice about
Brown Shipley
Bolton, Greater Manchester, North West England, BL1 1EJ
The personal client relationship lies at the very heart of our Private Banking experience, complemented by modern and innovative thinking. We recognise our clients want individual solutions to help
Anderson Lloyd
Truro, Cornwall, South West England, TR1 2NY
Whether you are just starting out, buying your first home, or thinking about retiring - Anderson Lloyd are experts on personal financial planning available to help you plan for the future and make the
J.A.W. Financial Consultancy
Palmers Green, North London, London, N13 4XE
We provide advice and planning services for people who want to make the most of their finances. Once we've understood your aims, aspirations and concerns, J.A.W. Financial Consultancy Ltd can help you
Vale Insurance Services
Altrincham, Greater Manchester, North West England, WA14 1PF
Based in Altrincham, Cheshire, Vale consists of nine Independent Financial Advisors (IFA) who between them have over 250 years experience. We pride ourselves on our independence and conduct business
Quartz Financial Services
Gravesend, Kent, South East England, DA12 1ER
We are dedicated to creating a meaningful, long-term relationship with you that is based on understanding, knowledge and commitment to progress. We are a company of action: proactive, professional and
G & K IFA
Macclesfield, Cheshire, North West England, SK11 8NU
Welcome to the website of G & K Independent Financial Advisers, we are a small but perfectly formed company of Independent Financial Advisers and Mortgage Consultants based in Macclesfield &
The Excell Partnership
Chislehurst, South East London, London, BR7 6LH
Excell Partnership LLP is registered in England. Company number OC344256. Registered address 34 Hopstore, 19 Bourne Road, Bexley, Kent, DA5 1LR. The Excell Partnership LLP is an appointed
Heritage Financial Services
Newport, Isle of Wight, South East England, PO30 1UJ
This financial services website has been designed to cater for both existing and new clients. We can facilitate advisory and non-advisory (execution only) business. We provide all the tools you will
Bluestone Independent Financial Advisers
Manchester, Greater Manchester, North West England, SK4 3PX
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