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Financial Advisors in the UK
Pure Commercial Finance
If you're looking for commercial finance brokers who really value their relationship with the customer, Pure Commercial Finance provides the welcome solution. We work tirelessly to put together a
Queensgate Financial Advisers
Exeter, Devon, South West England, EX2 5AZ
From 1st November 2013, Queensgate Personal Investment Management changed its name to City Financial Planning (Exeter) Limited. Queensgate had been part of City Financial Planning Limited for the last
Lindley Group
Altrincham, Greater Manchester, North West England, WA15 8AB
Chartwell Financial Services & Wealth Management is a firm of Independent Financial Advisers regulated by the Financial Conduct Authority. We offer comprehensive, innovative and practical fee based
Pure Financial Advice
Reading, Berkshire, South East England, RG31 5WD
Pure Financial Advice are traditional Independent Financial Advisers in Tilehurst, Reading that believe in the ethos of giving advice. The principal Jerry Rubin has over 25 years industry experience
Sterling Independent Advisers
Hemel Hempstead, Hertfordshire, East England, HP1 1BB
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
Greenspire Advisors
Olney, Buckinghamshire, South East England, MK46 4AA
A successful strategy differentiates a business and is essential for its success; a poor strategy can lead to its collapse. Understanding what constitutes strategy is, therefore, critical in creating
Pilgrim Financial Services
Plymouth, Devon, South West England, PL1 1LG
Originally from Manchester, Steve settled in Plymouth after serving in the Royal Marines. He is married to Sarah and has 5 children. As well as being the owner and Principal of Pilgrim Financial
Funding Solutions UK
Croydon, South London, London, CR9 2ER
Business funding solutions can take many different forms and as business finance brokers we specialise in advising not only on what format to use but also which lender is best placed to meet your
Wright Financial Services
Guildford, Surrey, South East England, GU4 7ED
The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK. Wright Financial Services is a member of Best
Edwards Financial Services
Harrow on the Hill, North West London, London, HA1 2EN
We hope you find the site both useful and informative. The General Insurance Services and made available to you through our website are introduced by ourselves to a third party, however you can be
Security Financial Services
Chelmsford, Essex, East England, CM3 5XQ
Whatever your particular requirements, whether it be a mortgage, life assurance, or protection against accident and sickness we aim to find the best solution for you. Planning for the future is
ABS Financial Planning
Southampton, Hampshire, South East England, SO17 1XS
ABS specialises in giving a very friendly but professional service to private clients and small businesses. Collectively, the ABS Financial Planning team has 75 years of experience in the financial
Accredo Financial Services
Peterborough, Cambridgeshire, East England, PE1 1SY
Our company is built on the principles of giving high quality, affordable advice on a full range of financial products. We have offices located in the city centre or call us for an appointment at your
Brantwood Financial Planning
Huddersfield, West Yorkshire, Yorkshire and the Humber, HD1 2HL
At Brantwood Financial Planning, we believe that the appointment of the right Independent Financial Adviser is fundamental to your future wealth & prosperity. Based on our combined experience,
Howard Financial Services
Exeter, Devon, South West England, EX2 8SB
Based in Exeter, Howard Financial Services Ltd provide unbiased, expert financial advice to both private and corporate clients. We are an independent financial advisory service with many years'
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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