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Financial Advisors in the UK
Ashwood Law
Coalville, Leicestershire, East Midlands, LE67 2RD
Ashwood Law Wealth Management are Independent Financial Advisers (IFAs) and as such we have the benefit of being able to offer a wide range of services, products and advice from investments,
Kent Mortgage Centre
Chatham, Kent, South East England, ME5 7HJ
We specialise in providing you with quality, professional Financial Advice that you can trust. Whatever your particular requirements, whether it be a mortgage, retirement planning, investment for
A A A Financial Services
Blackpool, Lancashire, North West England, FY4 4EF
All information on this site is intended as an introduction to AAA Financial Services and does not constitute personalised advice. Always consult a professional adviser before taking any action. The
Money For My Business
Reading, Berkshire, South East England, RG3 2SS
By combining over 50 years' of mortgage industry knowledge, alongside accountancy and legal experience, our team at Money For My Business provide expert help to business owners on everything related
Mark J Morsley & Associates
Manningtree, Essex, East England, CO11 1BB
Your choice of Financial Adviser is an important one. We believe it is essential we provide you with the information you need about all aspects of our business, including who we are and our working
Bank House Financial Services
Stafford, Staffordshire, West Midlands, ST16 2AG
Based in Stafford Town Centre, Bank House Financial Services Limited is a firm of Independent Financial Advisers who have been creating financial planning solutions for clients since 1990. We work
St James's Place Wealth Management
Tarporley, Cheshire, North West England, CW6 9DL
St. James's Place Wealth Management specialises in delivering face-to-face wealth management advice to individuals, trustees and businesses in all aspects of financial planning. I was invited to join
Century Law
West Drayton, West London, London, UB7 8EP
Chartered status is the profession's gold standard for financial planners. Chartered firms must follow a rigid code of ethical practice. This means they must work in a principled manner that places
Close To Retirement
Rochester, Kent, South East England, ME2 4GX
This commitment to our clients has lead us to the launch of this website, dedicated to post retirement planning. It is at the time of retirement that your hard work and savings really should now pay
Chris Lunt IFA
Liverpool, Merseyside, North West England, L10 8LX
I offer a free and under no obligation initial independent financial review and quotation service from the whole of the marketplace to find you the most suitable deal on all of your insurances and
FD Solutions
Tower Hill, City of London, London, EC3M 5JD
FD Solutions is an experienced team of Finance Directors, available to clients on a part-time basis. Using us allows them to get the right level of finance resource with the knowledge of the sector
Phoenix Financial Associates
Ossett, West Yorkshire, Yorkshire and the Humber, WF5 8LN
We hope you find the site both useful and informative. The General Insurance Services and made available to you through our website are introduced by ourselves to a third party, however you can be
Bolsover-Render
Bradford, West Yorkshire, Yorkshire and the Humber, BD4 8NS
We offer an UNBIASED independent financial advice service for all your pension, investment and financial needs. The majority of our clients have taken advantage of our FREE CONSULTATION. Our FREE
Arthur Beverly Financial Management
Milngavie, East Dunbartonshire, Scotland, G62 6BW
To help them consolidate their successes in life but also to protect their loved ones in the event of them dying too soon, of living too long or circumvent the effects that ill health might bring to
McGrath Rathbone Financial Management
Woodstock, Oxfordshire, South East England, OX20 1LH
McGrath Rathbone is a firm of experienced Independent Financial Advisers, delivering a professional and specialised service to individuals and businesses. Our combination of knowledge and expertise
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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