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Financial Advisors in the UK
Cumbria Asset Finance
Penrith, Cumbria, North West England, CA10 2DE
Cumbria Asset Finance are specialists in financing cars, vans, commercial vehicles, plant and machinery for business and corporate customers. Director Alan Kelly has over 30 years experience in
Ghl Direct
Birmingham, West Midlands, West Midlands, B43 7QX
Property advice can help you make sense of the many different home loans & accompanying products available today. Our advisors can guide you through which mortgage is best for you, whether it is an
Heartstone Financial Services
We offer a full service covering, retirement planning, pensions, investment planning and advice, long term care planning, protection advice (Life assurance, Critical illness cover and Income
BWC Business Solutions
Stockton on Tees, County Durham, North East England, TS18 3TX
Operating from offices in Leeds, Harrogate and Stockton On Tees we offer advice regionally across North, South, East and West Yorkshire as well as to the Tees Valley and County Durham. We provide
Elm Financial Management
Guildford, Surrey, South East England, GU1 4HL
Elm Financial Associates are Independent Financial Advisers based in the heart of Guildford. We have built and continue to build a reputation for quality advice and service to individual clients and
Everyday Financial Solutions
Birmingham, West Midlands, West Midlands, B9 4AN
Everyday are award winners for our customer service! We are the most recent winner of the Best Customer Retention Performance at the Legal & General Business Quality Awards 2012. This award recognises
Aquila Financial Management
Exeter, Devon, South West England, EX4 3SF
The value of your investment can go down as well as up and you may not get back the full amount invested. The content of this website is subject to the UK regulatory regime. Information provided
Syscap
New Malden, South West London, London, KT3 4TE
We make it easy to find the right finance for you. Simply select an option from the drop-down menus to find solutions that meet your immediate finance needs, or options designed for your sector.
Elite Financial Consulting
Bristol, South West England, South West England, BS32 4FL
Bristol Independent Financial Advisers (IFA's) Elite Financial Consulting Ltd, provide personal and commercial independent financial advice on all aspects of your financial planning. As a company, our
D P C
Stoke on Trent, Staffordshire, West Midlands, ST1 5NS
BRB Wealth Management provides fee based, comprehensive financial planning advice to individuals seeking to take control of their financial future and achieve their personal and financial goals. We
Lawlerdavis Independent Financial Planners
Eastbourne, East Sussex, South East England, BN21 4XB
We have almost 40 years experience in the financial services industry, 15 of which have been spent in the independent financial services arena. LawlerDavis are able to provide you with the
Later Life Solutions
Grimsby, Lincolnshire, East Midlands, DN31 1LW
Later Life Solutions™ is an independent financial advisory service dedicated to helping people achieve peace of mind and financial security in later life. Our team of friendly and experienced
Churchill Investments
Winscombe, Somerset, South West England, BS25 1LA
For the record, we are not connected in any way with the dog-and-bone Churchill that sells car insurance. Our aim is to provide a genuinely personal ongoing service and given the depth of experience
R & G
Kirkintilloch, East Dunbartonshire, Scotland, G66 1NN
Moving is a busy and exciting time and we are here to make sure the experience goes as smoothly as possible by giving you all the help you need under one roof. The company has always used computer and
Alpha Financial Consultants
Torquay, Devon, South West England, TQ2 7HP
The majority of people need financial advice, not to be sold a product. Unfortunately much of the industry is based around sales, thus truly independent advice is not always easy to find. We offer
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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