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Financial Advisors in the UK
Zenith Business & Financial Solution
Luton, Bedfordshire, East England, LU3 1RJ
Zenith Business & Financial Solution Ltd is a relatively newly established firm, which consists of youthful, dedicated team of professional individuals which offers their business management,
The Langridge Partnership
Canterbury, Kent, South East England, CT1 2UD
The Langridge Partnership has three qualified financial advisers with more than 70 years' experience in the financial services industry. With the financial markets becoming so sophisticated and
A J H Financial Services
As local financial advisers with in excess of 30 years experience within the financial service industry, our advisers have a wealth of knowledge, taking great pride in the quality of service offered
Brooks Macdonald Taunton
Taunton, Somerset, South West England, TA1 2PX
Brooks Macdonald was founded on the idea that there was a better way of providing private client investment services. Twenty years on, our philosophy of 'doing things differently' remains the basis of
XL Business Finance
Cheadle, Staffordshire, West Midlands, SK8 2EA
XL Business Finance Ltd is a privately owned and independent asset finance UK company with established links to many of the UK's leading finance houses. Formed in 2000 by Managing Director, Mark
Townends Wealth Management
Goole, East Riding of Yorkshire, Yorkshire and the Humber, DN14 5DU
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
HRS Asset Management
Wolverhampton, West Midlands, West Midlands, WV6 8JJ
As Independent Financial Advisors we are able to provide personalised advice in a host of areas, including Investments, Inheritance Tax Planning and Corporate / Trustee Planning. We adhere to strict
Optimize Financial Solutions
Paisley, Renfrewshire, Scotland, PA1 1EX
We provide private and corporate clients with truly professional financial advice. All of our staff members are trained to provide the customer service levels which you would expect from a
Jo Deeks
Bournemouth, Dorset, South West England, BH8 8BX
As an individual who has worked within financial services since 2002, my client's financial happiness is of the utmost importance to me. As a financial adviser with Abacus Financial Options Ltd, I
Capital Plans
Romsey, Hampshire, South East England, SO51 8DJ
Radical changes to pensions have been proposed for 2015, relecting the government's vision for a more flexible regime, giving people more choice, control and responsibility over how they access their
Sage Financial Management
Preston, Lancashire, North West England, PR1 2AA
We provide a range of independent advice, services and recommendations tailored to each investors needs and focus on helping individuals reach and exceed their own financial goals. Our
Global Financial
Billingshurst, West Sussex, South East England, RH14 9SJ
Researching, understanding, analysing and then selecting the best company, product and funds from the myriad of options available is a time consuming and complex task. Global Financial are a fully
Lyndhurst Financial Management
Marylebone, West End, London, W1S 1HU
Our team of professional finacial advisers in london offer a personal service underpinned by industry leading technology. Our purpose is to promote the financial well-being of our clients, their
The Ethical Partnership
Witney, Oxfordshire, South East England, OX28 6HG
We want to help you create a financial plan that will meet both your life goals, and your personal values. Goal setting is a powerful tool, whether applied to one's professional life, personal
Bowerock Financial Advice
Raunds, Northamptonshire, East Midlands, NN9 6HP
The world of financial services has changed very significantly in the last few years and it has become increasingly difficult to operate as a "one-man-band". I have therefore made the decision 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