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Financial Advisors in the UK
Burgess Boon
Camberley, Surrey, South East England, GU15 1HG
A firm of Independent Financial & Mortgage Advisers based in Camberley. As Independent Advisers we are not tied to any company and are therefore able to research the whole of market in order to find
Boyd Coughlan
Buckingham, Buckinghamshire, South East England, MK18 1RQ
Boyd Coughlan Ltd is based in Buckingham and provides professional Independent Financial Advice to both corporate and personal clients. Our experience has evolved over many years and professionally
Financial Recovery Solutions
FRS specialises in processing claims for mis-sold financial products and has helped thousands of our clients recover tens of millions of pounds in compensation. Financial Recovery Solutions are one of
Courtney Havers
Southborough, Kent, South East England, TN4 0QB
Courtney Havers was founded in 1990 and we are Independent Financial Advisers, working for people who need genuine, comprehensive and unbiased advice to enable them to achieve their financial goals.
City Insurance & Finance
Manchester, Greater Manchester, North West England, M40 7PS
City Insurance and Finance offers a thoroughly professional service and is extremely good value for money. We were delighted with your efficient service and the products that you introduced to us. We
Friendly Financial
Londonderry, North Yorkshire, Yorkshire and the Humber, BT48 6HL
Whether you are a first time buyer; homemover; have come to the end of your current deal; or are a property investor seeking advice on buy to let mortgage*, we will be able to advise you on a suitable
Attfield James I F A
Maidenhead, Berkshire, South East England, SL6 8AB
As Financial Advisers we are able to provide you with personalised financial and mortgage advice. We are based in Maidenhead and are proud of our old fashioned values, the majority of our business
Affinity Financial Planning
Coatbridge, North Lanarkshire, Scotland, ML5 4EY
Established in 2001, Affinity Financial Planning (AFP) is a firm of experienced financial advisors offering Independent Advice to individuals and business. We're really proud of our track record. Why
Oakleaf Independent Financial Services
Leeds, West Yorkshire, Yorkshire and the Humber, LS8 1EP
Oakleaf Independent Financial Services Ltd is a wealth development specialist providing a comprehensive suite of services to both private and business clients, including general financial planning,
Andy Walker
Abacus Associates Financial Services Limited is a well established firm of Independent Financial Advisers who specialise in personal financial planning. We have advisers based throughout England and
Keightley Pattison Financial Management
Melton Mowbray, Leicestershire, East Midlands, LE13 1AE
Established in 2009 by Paul Keightley and Simon Pattison, with over 40 years of combined experience in the industry. We are a small business with clients in all parts of the country. Our Company is
Hunter Mills
Ormskirk, Lancashire, North West England, L39 2EQ
Hunter Mills Ltd Independent Financial Advisers (IFAs) has been helping customers to achieve their financial goals since 2001. We offer unbiased professional advice from advisers you can trust to be
Face 2 Face
Dalkeith, Midlothian, Scotland, EH22 3NX
Based in Midlothian, we have clients throughout the Lothians and Fife. With our expertise Face 2 Face can help you with your financial planning requirements making sure you make the right decisions.
Jane Smith Financial Planning
Olney, Buckinghamshire, South East England, MK46 4DT
As a family-run business, it is important for us to offer a highly personal approach to our clients. We take the time to get to know you - your lifestyle as well as your hopes, fears, concerns and
NLP Financial Management
Hampstead, North West London, London, NW3 5JJ
NLP Financial Management offers a comprehensive, yet bespoke, Investment Management Service, via either an Advisory or Discretionary agreement. Flexibility is built into our investment planning
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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