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Financial Advisors in the UK
The Heritage Partnership
Sleaford, Lincolnshire, East Midlands, NG34 8GG
The services of the company are available in a number of ways, via our representatives, by phone, post, email or even face to face. Our preferred method is to arrange an appointment in the privacy of
Frobisher Capital
Woking, Surrey, South East England, GU22 8BF
Now what was the question? We have proven systems and investment expertise to satisfy your need to make your money work harder for you without taking on undue risk. Whether your objective is for
Strategic Financial Portfolios
Banbury, Oxfordshire, South East England, OX16 9SA
Established in 2005, Strategic Financial Portfolios Limited has delivered sound strategies benefiting new and existing clients. We have enjoyed steady growth built on our core values and prudent
K B A
Leigh, Greater Manchester, North West England, WN7 3ET
The products and services promoted here are not part of the Openwork Offering and are offered in our own right. Openwork limited accepts no responsibility for this aspect of our business. These
Zee Financial & Management Consultant
Newcastle upon Tyne, Tyne and Wear, North East England, NE4 9AN
Zee financial and management consultancy is a business management and consultancy services provider company that provides top-quality professional development and business coaching services. The
Pen-Life
York, North Yorkshire, Yorkshire and the Humber, YO26 6RS
Much of our work comes from referrals. Pen-Life have worked hard to achieve ISO 22222 status, are Chartered and Fee Based, attributes most consumer associations advise those seeking advice to look
Fraser Heath Financial Management
Chipping Sodbury, Gloucestershire, South West England, BS37 6BA
The Fraser Heath Wealth Management Service allows us to trade investments at a discounted rate and hold them on a single client account. This enables us to deliver indepedent financial advice to
Foxgrove Associates
Horsham, West Sussex, South East England, RH13 9UL
We provide financial advice and planning, in plain English, to people who want to ensure they make the right financial decisions at the right times and at the right cost. Expert advice on how to get
Informed Financial Planning
We have been providing individuals and business with financial planning services and advice since 2004. Committed to excellence in all we do and having achieved Chartered status, we have worked hard
P H K Financial
Coming to terms with the fact that you are in debt and, then taking the steps to deal with it is not an easy process for most people. Here are PHK Financial we will provide you with personal debt
R W S Financial Consultant
Formed in 1997, RWS Financial Consultants was originally based in Dundee, but after expansion in 2002, moved to our present Head Office in Cupar, Fife, where all our Advisers are now based, covering
Burgess Financial Services
Burgess Hill, West Sussex, South East England, RH15 9LH
Burgess Financial Services provide a high quality professional financial planning service. We offer a clearly defined service, transparent fee structure and an effective service proposition. Our core
Stoke Park Finance
Newton Mearns, East Renfrewshire, Scotland, G77 5LL
Stoke Park Finance Limited provides a tailor made, personal service to ensure that the asset finance requirements of customers are met on a 'one stop' basis. Each transaction is individually
Concise Wealth Management
Paignton, Devon, South West England, TQ3 3AA
Today there is such a wide range of choice in financial products and services that it can be confusing to know where to turn or what to do for the best. Our advice is offered on a completely
Chancellor Financial Management
Chancellor provide independent, sophisticated advice to individuals, business owners and trustees. We work with those interested only in the very best. Proud to be acknowledged as one of the North
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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