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Financial Advisors in the UK
MAC Financial Services
Brighouse, West Yorkshire, Yorkshire and the Humber, HD6 3DH
MAC Financial Services LTD are independent and not tied to any organisation which means we are able to provide impartial and unbiased advice from the whole of the market. If your bank no longer want
P F M Dental
York, North Yorkshire, Yorkshire and the Humber, YO1 6WN
PFM Dental is a leading financial and business adviser for dentists in the UK. Serving both practice owners and associate dentists PFM Dental offers a full range of services including Practice Sales
Venture Financial Consultants
Hitchin, Hertfordshire, East England, SG5 1EH
They need alternative strategies as well. VFCL does this by providing Value for money accounting services, Business consulting and Company start-ups and registration including offshore registrations.
CPN Investment Management
Chichester, West Sussex, South East England, PO19 1TB
CPN Investment Management LLP is an independently owned investment firm and our roots go back to 1974. We are responsible for the management of over £150 million of assets across a diverse range of
MG Homes & Financial
Walsall, West Midlands, West Midlands, WS1 1TJ
MG Homes and Financial are an independent family business which has been providing a professional and highly valued service in the Walsall area since 1986. Originally known as the Moore Group, the
The Finsbury Group
Farnham, Surrey, South East England, GU10 5BS
Finsbury International was formed in 2004 and originally based in Azerbaijan, primarily to provide better financial advice to the expatriates in the Oil and Gas industry. From that success operations
Female Financial
Financial security is important, especially in todays difficult economic climate. Your reasons for saving make very personal statements about your priorities and dreams. Which is why, at Female
Ashley Law Wimbledon
Colliers Wood, South West London, London, SW19 1EX
As a result of this and after much consideration, I have decided to ally my business to a firm called Russell & Co Financial Advisers LLP. As part of this business change, I have also taken the
Norrix Financial Services
Stoke on Trent, Staffordshire, West Midlands, ST4 2SA
I am Robert Nix, Director of the business. I have been an independent financial advisor for more than 20 years. I established Norrix Financial Services Limited as an independent company four years
AMAC Mortgages
Portsmouth, Hampshire, South East England, PO6 3EN
We are dedicated to creating a meaningful, long-term relationship with you that is based on understanding, knowledge and commitment to progress. We are a company of action: proactive, professional and
Clover Financial Planning
Exeter, Devon, South West England, EX4 8JQ
We understand that in today's world managing your money and planning for your financial future has never been more important. At Clover Wealth Management we want to make your money work for you, be it
Abacus Wealth Planning
Brentwood, Essex, East England, CM14 4HL
We all have financial needs, and finding an affordable solution to meeting those needs is an area that many people seek advice upon. Your needs today could be significantly different to those of the
FE London
Marylebone, West End, London, W1F 9NN
FE is a leader in the provision of investment data, software tools and performance analysis to the financial services industry. Formed in 1996, we are a private company with a strong international
Kellands Cotswolds
Cirencester, Gloucestershire, South West England, GL7 2PP
You will need a user name and password to access this site; if you have not been issued with one recently or are experiencing any difficulties, please contact us on 01285 649200. Kellands Cotswolds
Ravenstone Financial Management
Ravenstone Financial Management Ltd is a firm of financial advisers based in Glasgow. We provide advice to both individuals and companies on all aspects of financial planning, through a long term
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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