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Financial Advisors in the UK
Eurofin International
Chelsea, South West London, London, SW10 0XD
Our team has arranged shipping loans to a value of well over US$20.0 billion, while its experience covers equity, financing, sale & purchase, portfolio workouts, evaluations and general advisory
Rjl Ifa
Norwich, Norfolk, East England, NR4 7AB
RJL can offer independent advice and planning with regards to your investments, whether that be setting up regular savings to help save towards a specific goal, investing an inherited lump sum in the
David Gascoyne Financial Services
Llangadog, Carmarthenshire, Wales, SA19 9RY
David Gascoyne Financial Services Ltd is a firm of independent financial advisers that is an appointed representative of ValidPath Ltd, which is authorised and regulated by the Financial Conduct
GM Financial Services
Bathgate, West Lothian, Scotland, EH48 4PP
GM Financial Services are a friendly firm of Independent Financial Advisers based in West Lothian, Scotland. We are ideally situated to cover the entire central belt of Scotland. We have over 25 years
KM Financial Solutions
Burnley, Lancashire, North West England, BB11 2AZ
At KM Financial Solutions we offer clear, uncomplicated advice and practical help in all your financial matters. Whether you want to simplify your investments, plan for the future, manage your tax or
King & Co Financial Services
Northampton, Northamptonshire, East Midlands, NN1 4EP
After nearly 40 years in existence, our strength is that we create innovative solutions that are tailor made for each individual client. This means that we spend time getting to know you before we
The Chester Partnership
Ellesmere Port, Cheshire, North West England, CH66 7NZ
Since the very beginning our vision has been to create a firm recognised as being 'a little bit special' - one that stands out with our commitment to keep you, our client at the centre of everything
Barrie Hough
Stoke on Trent, Staffordshire, West Midlands, ST6 1DP
Our aim is to offer jargon free advice and assist clients with their individual financial planning needs and offer regular bespoke reviews to ensure both suitability and that set objectives are still
Clark Financial
Christchurch, Dorset, South West England, BH23 2LQ
Everyone is different with different needs. We are here to help our clients and work with them. We understand that "talking finance" can be dull and easily left to another day. We like to think that
First Business Finance
Sittingbourne, Kent, South East England, ME9 7XA
If recession has taught UK businesses anything, it is that they can't, or indeed shouldn't, rely purely on their bank for funding. First Business Finance (UK) Ltd offers an alternative by opening up
CER Business Finance
Having had a career of over 25 years with a Scottish Clearing Bank, including 7 years in London, Bill was responsible for the setting up of the first ever Business Development Unit at Branch level in
Mullen Stoker Accountants
Durham, County Durham, North East England, DH1 1TH
Based in Durham we work throughout the North East and beyond with a client base that covers all types of business sectors and all types and size of businesses from Groups of companies through to
Hanna Hillen Financial Services
Newry, County Down, Northern Ireland, BT34 1DG
We are Independent Financial Advisers based in Newry, Co Down, Northern Ireland. Our extensive, highly qualified and experienced team, specialise in various financial areas of expertise. We pride
The Finance Clinic
Olney, Buckinghamshire, South East England, MK46 4EB
The Finance Clinic is an appointed representative of Intrinsic Financial Planning Limited, which is authorised and regulated by the Financial Services Authority. The guidance and/or advice contained
The Mortgage Adviser
Here at The Mortgage Adviser in Brentwood, we offer impartial expert financial advice on mortgages, insurance, commercial finance and wills. We can offer you a variety of products and services to help
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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