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Financial Advisors in the UK
Karen Richardson Financial Services
Newcastle upon Tyne, Tyne and Wear, North East England, NE7 7LX
Our independent financial advice is uniquely tailored specifically to each client. By putting our clients needs first, any service you receive from us will be suited to your needs exactly. We deal
Hannay Investments
Ealing Common, West London, London, W5 2JW
Hannay Investments is a firm of Chartered Independent Financial Advisers, established in 1996. We provide advice to both corporate and private clients and have built a reputation for delivering high
Gateway Financial Consulting
Crawley, West Sussex, South East England, RH10 1JH
We hope you enjoy your visit and we look forward to helping you with what you are looking for. We offer a range of financial products and services that may be useful to you. Some of the products are
Merlin Financial Consultants
Holborn, Central London, London, WC1R 4AT
We have no links to any financial group or institution: our commitment is to you - and nobody else. Our advice is completely unbiased. We will provide you with all the help and information you need to
Aurora Financial Solutions
London Bridge, South East London, London, SE1 1NL
Aurora Financial Solutions are a new breed of financial adviser created to provide you with fully independent financial advice whose only influence is to provide you, the client, with the best
Vision Independent Financial Planning
Falmouth, Cornwall, South West England, TR11 4SZ
Our dedicated team of independent financial advisers have a wealth of experience in providing tailored financial advice for you. Vision is a dynamic, award winning and established financial advice
Abacus Financial Planning Consultants
Dunfermline, Fife, Scotland, KY12 0XJ
Incorporated in February 2003, Abacus is based in Dunfermline, Fife. We have clients throughout the UK and provide independent financial advice on such things as Pensions ( including auto-enrolment),
A M G Financial Solutions
Stockport, Greater Manchester, North West England, SK12 1RD
Based in Poynton, Cheshire AMG Financial Solutions Ltd's ethos and principles are based on a comprehensive range of mortgages from across the market tailored to each individuals circumstance with a
Smart Financial
Altrincham, Greater Manchester, North West England, WA14 1EX
Having a strong financial plan in place gives you the freedom to achieve what you want out of life. We work with senior business professionals and business owners like you, to help you identify the
Positive Outlook Financial Management
Marlborough, Wiltshire, South West England, SN8 2DW
Our practice was founded in 2003 by Alastair Ingram. Since then we've provided FD consultancy to an ever growing portfolio of SMEs and larger organisations within an hour of its base in Marlborough,
Parsonage Financial Planning
Altrincham, Greater Manchester, North West England, WA14 4NX
Based in Altrincham, serving clients in Manchester and Cheshire, Parsonage Financial Planning are Chartered Financial Planners, the gold standard for Independent Financial Advice (IFA) because our
C D W & Partners
Brighton, East Sussex, South East England, BN1 4JY
We're a specialist design consultancy bringing two and three dimensional expression to retail brands. We design innovative, creative and effective retail solutions across a diverse range of retail
Rosedale Financial Management
Chesterfield, Derbyshire, East Midlands, S42 7HG
Rosedale Financial Management was formed by husband and wife partnership Ashley & Claire Hewitt. Ashley Hewitt CertPFS CertLTCi DipFA is fully qualified to provide independent financial advice. He has
Alba Financial Accountants
Loughborough, Leicestershire, East Midlands, LE12 6PF
Alba have put together this initiative in response to more and more requests we have been getting from businesses like yours for a proper and realistic approach to identifying and obtaining grant aid.
Prosperity
Stourport on Severn, Worcestershire, West Midlands, DY13 8XH
We are a firm of independent financial advisers based in the West Midlands. The firm's roots can be traced back to 1999 when the current Managing Partner started in business as an IFA offering
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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