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Financial Advisors in the UK
Baker & Company Financial Solutions
Cirencester, Gloucestershire, South West England, GL7 2DJ
He has been successfully assisting clients improve their finances and protect their families ever since. As a result of the level of investment and pension advice sort from Baker & Company Mick and
Heritage Investments
Christchurch, Dorset, South West England, BH23 1QL
We believe in face-to-face, long-term relationships with your personal adviser who really gets to understand what is important to YOU. We have a proven record of being pro-active in helping our
Cheltenham Life Insurance
Cheltenham, Gloucestershire, South West England, GL50 1SU
Before establishing her business Joan worked for a large high street Bank in the West End of London dealing with high net worth individuals. From there she went to a large firm of employed benefits
Asar Consulting
Lytchett Minster, Dorset, South West England, BH16 6EH
Asar Consulting Ltd. provides quality Bookkeeping, Accountancy, Financial Consultancy and Payroll Services throughout Dorset and can also serve certain areas of neighbouring counties of Somerset,
Reid & Co Financial Services
Milton Keynes, Buckinghamshire, South East England, MK5 6LB
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
JN Hughes Financial Services
Oswestry, Shropshire, West Midlands, SY11 4PQ
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
Twigden Asset Management
Bedford, Bedfordshire, East England, MK40 2QT
Our focus is to provide our clients with investment solutions that are determined by their own, specific, financial situation and requirements. By examining each client's unique requirements we can
Investacc
Stockton on Tees, County Durham, North East England, TS18 3TS
Since establishment in 1992, InvestAcc has grown into a multi-faceted, unique organisation. We are one of the leading Independent Financial Advisers in the North providing high quality, whole of
Henwood Court Financial Planning
Sutton Coldfield, West Midlands, West Midlands, B76 1TE
The purpose of Henwood Court is to help and support our clients so that they have the 'financial' confidence and resources to live the life they want to live - our client's ambitions become our
Financial Planning Associates
Brigg, Lincolnshire, East Midlands, DN20 8JE
Without the right advice and careful financial planning, HM Revenue & Customs can become the single largest beneficiary of your estate following your death. Financial Planning Partners Ltd is
Premier Leasing & Finance
Thatcham, Berkshire, South East England, RG19 3PN
Premier Leasing & Finance Ltd has just entered its 21st year of trading and we would like to thank you for all your support over the years. Whilst the economic climate is challenging we are pleased to
Antrams
Brighton, East Sussex, South East England, BN1 1NH
We are proud of the long-term relationships we have with our clients. These relationships are built on high-quality professional service, principles of fairness and value for money and, most
Lifetime Financial Consulting
Harold Hill, East London, London, RM3 0JA
We strive to provide total peace of mind where money matters are concerned and to help our clients achieve their financial goals. Our aim is to expertly take care of every aspect of your finances.
Star Financial Planning
Watford, Hertfordshire, East England, WD17 4PS
Our aim is to improve the long-term wealth and financial security for our client's, their family and their businesses. We achieve this through giving the best possible financial advice and sourcing
Embrace Financial Consulting
Tower Hill, City of London, London, EC3V 9LJ
Embrace Financial Consulting Ltd provides independent financial advice to companies and individuals. We hope to develop this site later in the year. In the meantime, please sign up for our newsletter
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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