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Financial Advisors in the UK
Ballymena Credit Union
Ballymena, County Antrim, Northern Ireland, BT43 6AW
The Mission of the Credit Union is to promote the financial well being of its members. To achieve this purpose the Credit Union is committed to providing a broad range of innovative financial products
Watts Mortgage & Financial Services
Nantwich, Cheshire, North West England, CW5 6GD
Watts Mortgage & Wealth Management Ltd is one of the UK's leading mortgage brokers for over 25 years. Based in Nantwich, Cheshire our team of expert mortgage advisers provide a first class, whole of
Alan Boswell Insurance Services
Attleborough, Norfolk, East England, NR17 2EH
As a Top 20 Independent Insurance Broker* and one of the Eastern Region's largest financial planners, our business is perfectly placed to guarantee an independent, personal, bespoke service with the
Edmond Bourne
Swindon, Wiltshire, South West England, SN1 5NF
Our advisers combined have over 50 years experience in finanancial services and have helped our clients plan and acheive their financial goals. We will look after your personal interests. With access
Belgrave Asset Management
Bath, Somerset, South West England, BA1 3AN
Belgrave Asset Management is one of the South West's leading and most established bespoke wealth management firms. We are dedicated to providing a personal financial service that is tailored to our
Adsatis
Lyme Regis, Dorset, South West England, DT7 3LS
Adsatis is a niche financial markets management consultancy based in London, with an international delivery capability. Our consultants are financial markets professionals with deep domain expertise
Lyndhurst Financial Management
Cockfosters, North London, London, EN4 8SY
Since our first meeting with Alan we have always been impressed with his helpful advice, guidence and recommendations. Despite the difficult financial times we are living through we continue to keep
Cavendish Financial Consultants
Tunbridge Wells, Kent, South East England, TN1 1YT
Cavendish Financial Consultants have been arranging mortgages since 1986 and have a wealth of experience in this market. We can advise on every type of mortgage from residential, buy to let and second
Premier Financial Planning
Cheadle, Staffordshire, West Midlands, SK8 5EU
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
Arena4finance
Broadstone, Dorset, South West England, BH21 3AA
Working with businesses of all sizes, we are experienced in developing courses, both online and face-to-face, and bespoke professional development programmes for businesses that want to improve the
Riverpark Investment & Financial Consultants
Riverpark Investments are fully independent financial advisers, giving advice to both corporate and domestic clients. As Independent Financial Advisers, our duty is to give "best advice" to our
Paul Financial Consulting
Lewisham, South East London, London, SE13 6JZ
Paul Financial Consulting is a Professional firm of Accountants based in Lewisham, South East London offering accounts, taxation and business advisory support services to a wide range of small
Finance Affiliate
Acton, West London, London, W3 8BL
Many years ago, being in debt was considered awkward and embarrassing, but in this day and age being in debt affects so many people that it's readily accepted by everyone so that's you, us and your
Bentley Independent Financial Advisers
Bridgnorth, Shropshire, West Midlands, WV16 4QN
We offer a free initial consultation, which gives you a chance to meet one of our experienced advisers to discuss your needs and goals. With a wealth of experience and support behind us, we
Focused Financial Planning
Maidstone, Kent, South East England, ME15 6LU
We are based in Maidstone, Kent and provide financial planning to clients in Maidstone and the surrounding Kent area. Although we don't have a typical client, we predominantly work with business
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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