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Financial Advisors in the UK
The Advice Network Independent
Hungerford, Berkshire, South East England, RG17 7EH
The Advice Network Independent Ltd are a firm of Independent Financial Advisers. We pride ourselves on our independent status which is the key foundation to our business model. This ensures we can
Ashton Gate
Fulham, South West London, London, SW6 6TB
In a competitive market place, Ashton Gate Financial stands out from the crowd. We are a business built exclusively on recommendations, committed to understanding our client's needs and delivering a
Ohfs
It is not about us, it is all about you. We need to fully understand where you are now and where you want to be at some future point or points in time. It is about your goals, dreams and aspirations
Shorestone Financial
Betchworth, Surrey, South East England, RH3 7BZ
Shorestone Financial is authorised and regulated by the Financial Conduct Authority. Shorestone Financial is committed to treating its customers fairly. This is achieved by providing an innovative and
Burgess & Lee
Bournemouth, Dorset, South West England, BH8 8JN
Past performance is not a guide to future returns and the value of investments, and any income from them can go down as well as up. You may not get back as much as you put in. Please bear in mind that
Gresham Financial
Salisbury, Wiltshire, South West England, SP1 2DN
Thank you so much for your help with the whole process. You have been amazingly supportive, professional and understanding and I wouldn't be here now if you hadn't guided us through this process in
Glamis
Yate, Gloucestershire, South West England, BS37 5TG
Who is Glamis IFA? We provide tailored Independent Financial Advice and specialise in Savings, Investments, Pensions, Retirement Planning, Mortgages and Protection. We have been serving our clients
Sherwin Financial Services
Derby, Derbyshire, East Midlands, DE1 1HU
We hope you find the site both useful and informative. If you do have any suggestions please e-mail us or use one of our contact forms. The General Insurance Services made available to you via our
MDP Accountancy
Putney, South West London, London, SW15 1ST
MDP Accounting Services LLP provide specialist accounting services to freelance contractors, medical professionals and SMEs offering a fresh perspective to your accounts allowing you to concentrate on
Premier Wealth Management
Southport, Merseyside, North West England, PR8 4HQ
Premier Wealth Management is a firm of Chartered independent financial advisers based in Southport. Whether you're looking to grow or protect your wealth, we offer tax-efficient solutions to help you
Gee 7 Group
Shrewsbury, Shropshire, West Midlands, SY1 3AF
Our aim is simple: to deliver a diverse and easily accessible choice of incentives, benefits and corporate perks to appeal to each and every individual member of your team. Thousands of employees in
Best Mortgage Broker Leeds
Wakefield, West Yorkshire, Yorkshire and the Humber, WF3 3AG
Economic Financial Solutions have mortgage brokers local to Leeds; they are professional, qualified financial advisers with local knowledge. Our brokers are best suited to give you the advice you need
Cestrian Life & Pensions
Cheadle, Staffordshire, West Midlands, SK8 6LQ
We are currently working with employers and accountants to help them thorugh the autoenrolment process. Our aim is to provide a full service from the compliance system to the pension scheme itself. We
Mortgage Advice Centre
Darlington, County Durham, North East England, DL3 9EP
Mortgage Advice Centre is a team of professional and qualified financial advisers. If you need advice on mortgages, protection or financial planning our team will ensure they have a full understanding
Worldwide Financial Planning
Truro, Cornwall, South West England, TR1 2LS
Welcome to Worldwide Financial Planning, one of the UK's leading firms of independent financial advisers. Our 16 FT awards in 4 years simply show our expertise in finding the right answer for you,
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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