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Financial Advisors in the UK
HART Financial Consultancy
Salisbury, Wiltshire, South West England, SP2 7GL
As part of an exciting new chapter for Hart Financial we are now a key member of The Succession Group. We're working hard on our exciting new website www.successiongroup.co.uk, but you can trust that
Asset Advantage
Basingstoke, Hampshire, South East England, RG21 4DZ
We specialise in providing lease based funding across a wide range of equipment for small and medium sized businesses throughout the UK. With a track record and reputation to match, our highly
Noesys Consulting
Milton Keynes, Buckinghamshire, South East England, MK9 2RG
For organisations that are looking to build a capability in a specific area such Business Analysis, Testing or a broader gamut such as an offshore development centre, our staged model BIT (Build,
Pantheon Financial Management
Gloucester, Gloucestershire, South West England, GL2 9QL
The true value of bespoke financial advice can only be realised through a permanent client-consultant relationship that requires dialogue and reviews. Our clients enter into a regular review process
Arch Financial Planning
Godalming, Surrey, South East England, GU7 1NN
Arch Financial Planning Limited is delighted to have reached the final four shortlist for New Model Adviser of the Year 2015 for the South East. The New Model Adviser Awards, now in their 10th year,
Fitzallan
Paisley, Renfrewshire, Scotland, PA1 1JS
We specialise in helping people organise, grow and preserve their wealth, use it to lead the lives they want, and pass it on to future generations. We do so by providing sensible, clear and expert
Generic Financial Management
Hitchin, Hertfordshire, East England, SG4 8XD
Generic Financial Management has been advising clients on wealth matters for over 20 years, from offices in Hertfordshire. We provide a personal service, tailored to the specific needs of every
Hilton Sharp & Clarke
Hove, East Sussex, South East England, BN3 3JE
Our Wealth Management Service, which we like to call our 'Wrap', is a secure online portfolio management system which brings your investments and pensions together into one place, allowing you a
Chesterton House Financial Planning
Loughborough, Leicestershire, East Midlands, LE11
If you're looking for someone to help you to make great decisions about your money and your life, you've come to the right place. We'll help you to build a Financial Plan that is designed to give you
KMG Financial
Reigate, Surrey, South East England, RH2 9PW
We're different because we are providing services to some 320 clients, not 3,200. That means we can provide each client with a highly personal and friendly, quality service. We're different because we
Independent Financial Options
Selby, North Yorkshire, Yorkshire and the Humber, YO8 4DS
Financial Options provides 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. We will look
AFP Mortgages & Protection
Maidenhead, Berkshire, South East England, SL6 1LU
At AFP Shrewsbury we're able to give our clients the very best financial & mortgage advice, as we will search for the right deal for you - from providing general financial advice to looking for a
Castlegate Financial Management
Grantham, Lincolnshire, East Midlands, NG31 6SE
You have found us because you are looking for sound, financial advice. As professional Independent Financial Advisers, Castlegate Financial Management Ltd are authorised to deal with many forms of
Destiny Financial Services
Bromsgrove, Worcestershire, West Midlands, B61 8AJ
Destiny Financial Services Ltd trading as Destiny Finance is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. The registered
Crystal Clear
Bow, East London, London, E3 2ET
Debts such as rent arrears (where you risk losing your home) are much more important than debts such as catalogue payments (where you risk losing your credit rating). Debts to utilities companies
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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