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Financial Advisors in the UK
Solum Financial
Barbican, City of London, London, EC2N 2HE
We provide banks, supranationals, corporates, insurance companies, public sector entities, and asset management firms with derivatives and capital market solutions. Our expertise covers every aspect
Medical Select
Sudbury, Suffolk, East England, CO10 2BE
At Medical Select we pride ourselves on always listening to our clients, and in response to your changing requirements we have evolved into a new class of independent financial adviser. One that is
Cowgill Holloway
Bolton, Greater Manchester, North West England, BL1 4QR
We are a North West leading independent firm of chartered accountants and business advisers with offices in Bolton, Manchester and Liverpool. Established for over 30 years, we have 13 partners and
F S C S
Tower Hill, City of London, London, EC3A 7QU
The FSCS is the UK's compensation fund of last resort for customers of authorised financial services firms. We may pay compensation if a firm is unable, or likely to be unable, to pay claims against
G & C Financial Services
Fareham, Hampshire, South East England, PO16 7AN
G&C Financial Services Limited, we pride ourselves on offering the very best financial advice to our clients. Whether you require a general financial check-up or require advice on a particular issue,
James Weir Financial Services
Carshalton, South London, London, SM5 3AP
James Weir Financial Services LLP was established in 1997 by Stephen James and Brendan Weir. Coming from a banking and insurance background with a combined industry experience of over 35 years, the
Gallery Finance
Middlewich, Cheshire, North West England, CW10 9AB
Gallery Finance is one of the country's leading finance brokers, with over 25 years of experience in providing generous and manageable finance loans. As a family concern, we always ensure a friendly
Oracle Financial Planning
Sunderland, Tyne and Wear, North East England, SR3 2PH
The Financial Conduct Authority does not regulate taxation and trust advice. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice, the
Johnson Gibbs
Lytham St Anne's, Lancashire, North West England, FY8 5BL
Johnson Gibbs is an Independent financial and Investment firm. Established in 1982 to advise, preserve and grow clients wealth. Our style is unconventional, yet conservative and we focus entirely
Calculis
Romsey, Hampshire, South East England, SO51 8EZ
As an Independent Chartered Financial Planning firm, our specialist team are dedicated to creating and managing our clients' wealth. We combine detailed financial knowledge and understanding, with a
Warwickshire Independent Financial Services
Henley in Arden, Warwickshire, West Midlands, B95 5AW
Warwickshire Independent Financial Services Ltd. is a privately owned company, originally established in 2003. We provide bespoke financial solutions, backed by knowledge, expertise and experience to
Square One Financial Planning
Horsham, West Sussex, South East England, RH12 1SL
Square One is an independent firm of wealth managers based in Sussex, with offices in Shoreham, Lewes and London. We offer comprehensive financial advice to businesses and private clients on a range
Mortgage & Financial Guidance
Belfast, County Antrim, Northern Ireland, BT4 1GW
Established in 2003 we have built up a solid reputation based on providing each client with a personal service. We cater for clients throughout the UK and have existing client relationships with
Oakley Independent
St Helens, Merseyside, North West England, WA9 5PE
It's not always easy to find an Independent Financial Adviser who is right for you or your company. You need an experienced professional to cut through the clutter in today's market. Looking for the
Concept4 Financial Associates
Barry, Vale of Glamorgan, Wales, CF63 4HE
Concept4 Financial Associates are a unique, professional, independent financial company who provide "Whole-of-the-Market" solutions for all your financial requirements. We are able to offer a
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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