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Financial Advisors in the UK
DML Financial Planning
Darlington, County Durham, North East England, DL1 1RW
This website aims to provide you with an insight into what we do, giving you sufficient information to enable you to decide if the services we offer can help you. At DML, we understand the value of a
Capital Ideas
Darlington, County Durham, North East England, DL1 5JG
Capital Ideas is a trading style of Financial Horizons Ltd which is authorised and regulated by the Financial Conduct Authority, FCA reference No 587075. For investment management, pension planning,
Informed Financial Advice
St Leonards on Sea, East Sussex, South East England, TN37 7AG
We provide professional advice in a way that is easy to understand. We are independent and because we are not tied to one single supplier we can search the whole market to identify the most suitable
Concise Corporate Finance
Poole, Dorset, South West England, BH15 2HP
The business's primary objective is to source finance from reputable financial institutions, to assist with purchases, and to negotiate facilities for extensions/refurbishments to Residential Care and
Southern Financial Services
Motherwell, North Lanarkshire, Scotland, ML1 1XA
We work with both individual and corporate clients and we take pride in the fact that many of our clients were recommended to us by existing clients. Our clients value the fact that we are independent
Lighthouse (Impact)
Derby, Derbyshire, East Midlands, DE3 9FN
Lighthouse Impact Limited is an appointed representative of Lighthouse Advisory Services Limited which is authorised and regulated by the Financial Conduct Authority. Please note that the FCA does not
Trust Financial Solutions
Sudbury, Suffolk, East England, CO10 2ZX
Possibly the most important purchases you ever make will involve buying your home and protecting your life or the lives of those you care about. Trust Financial Solutions is a small UK company that
Pentins
Canterbury, Kent, South East England, CT2 7FG
Pentins are independent Chartered Accountants, tax advisors and business consultants based in Canterbury, Kent. If you're looking for accountants who meet you once a year to look at lots of confusing
Rixon Matthews Appleyard
Rixons is a Chartered Firm of Financial Planners established in 1964, we are based in Hull's city centre. We understand the major financial decisions you make will have significant and life-changing
P L S Financial Services
Diss, Norfolk, East England, IP22 4GT
Offering a complete range of financial services; PLS Financial Services is happy to facilitate any or all of your financial requirements. Providing everyone with personalised service and detailed
LJ Financial Planning
Warrington, Cheshire, North West England, WA4 6PS
Chartered titles are steeped in history and are the financial planning industry's gold standard. LJ Financial Planning Limited has held this title since February 2009 and it confirms that we satisfy
G M Financial Consultants
Oundle, Northamptonshire, East Midlands, PE8 4QG
GM Financial Consultants Ltd is an Appointed Representative of Financial Independent Solutions Ltd. Castle Chambers, 67 Main Street, Bothwell, Glasgow, G71 8ER which is authorised and regulated by the
Laver Financial
Weston super Mare, Somerset, South West England, BS23 1YE
How we work with each client will be different. Fundamental to everything we do is to ensure that we give you consistent, professional advice when it is needed. We offer a truly holistic approach to
Ark Fiscal Solutions
Ilkeston, Derbyshire, East Midlands, DE7 5QT
My name is Matthew Smith of Ark Fiscal Solutions Ltd. The idea of Ark Fiscal Solutions Ltd was born through my experiences of working within the financial sector. I quickly became to understand what
Simpson Millar Financial Services
Leeds, West Yorkshire, Yorkshire and the Humber, LS1 2JG
Simpson Millar Financial Services Ltd provides independent financial advice to individuals, professionals and business owners of small to medium sized enterprises. We are well-versed in all aspects 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