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Financial Advisors in the UK
New World Finance
High Wycombe, Buckinghamshire, South East England, HP13 7PY
Here at New World Finance, we specialise in providing you with quality, professional Mortgage and Protection Advice that you can trust. Whatever your particular requirements, whether it be a mortgage,
Index Financial Services
Friern Barnet, North London, London, N11 2UT
Or shall we say 'The maze of financial services'? With over 10,000 mortgage products on the market, a myriad of unit trusts and plethora of pension and protection schemes, is no wonder that the
Temple Bar
Worcester, Worcestershire, West Midlands, WR3 7NJ
The Institute of Chartered Accountants in England and Wales (ICAEW) and the Law Society, say their members should "only" use independent advisers (IFA's), so why should you choose anything less? Many
S W Financial Services
Lincoln, Lincolnshire, East Midlands, LN1 3AL
S W Financial Services Ltd. have been providing a service to our clients for over 20 years. We offer independant advice and recommendation on all aspects of financial planning. Whether life assurance,
Optima Financial
Carshalton, South London, London, SM1 4LA
We are a long established firm of independent financial advisors, offering a professional financial planning service to private clients and businesses. At Optima Financial we pride ourselves in
Derwent Financial Planning
Derby, Derbyshire, East Midlands, DE21
Our people are very important to us, as is making certain we provide you with the best possible professional financial advice. Below is a short biography for each of our colleagues together with their
Paul Lower Consulting
Turmoil in the world's financial markets brought gloomy news for the start of 2009. Several famous UK companies have already gone out of business and there is no doubt that this year is going to be
Laithwaites
Woking, Surrey, South East England, GU22 7UY
Laithwaite Financial Services Ltd is a firm of Independent Financial Advisers, based just outside the town of Woking in Surrey. We provide impartial, holistic financial planning for people from all
One Life Wealth Planning
Hatfield, Hertfordshire, East England, AL10 9AX
I've been a Financial Adviser for 15 years and prior to setting up my own business, I worked for Barclays Bank, Norwich Union (now Aviva) and another small IFA firm. I went to Coventry University and
Validus Risk Management
Windsor, Berkshire, South East England, SL4 6AN
Kevin has over a decade of corporate risk management experience, as both a practitioner and a consultant. Kevin holds an MBA from McGill University, and is an Associate Member of the Association of
I T Associates
Plymouth, Devon, South West England, PL4 0HX
Ian Tandy formed I.T. Associates in 1997 and after a sustained period of steady growth the company was incorporated in 2005 and became I.T. Associates Financial Planning Ltd. The company now has over
Watermark Financial Planning
We provide wealth management and financial planning services throughout the UK, tailored to the needs of our clients. From protecting your business to safeguarding your families future, the
Generation Financial Services
Bishop's Stortford, Hertfordshire, East England, CM22 7WE
Generation Financial Services was formed in 2008 to provide consultancy, advice, management and administration of employee benefits and personal financial planning. We treat our clients, staff,
Horizon Advisors
Chesterfield, Derbyshire, East Midlands, S40 1LW
Hi, my name is Kevin and I would like to thank you for taking time to visit my website. Established in 2001 Horizon Independent Financial Advisers Limited is based in Chesterfield, Derbyshire offering
Money Wise Financial Advisers
Bournemouth, Dorset, South West England, BH2 5QY
Working with private clients, other professional advisers and business owners, the company has been providing independent financial advice for over 17 years. Our private client team manage over £300
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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