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Financial Advisors in the UK
Moneo Wealth Management
Moneo is a firm of Chartered Financial Planners who help clients to identify, achieve and maintain their desired lifestyle. For more details please go to >> Financial Planning. Moneo was
Midas Financial Planning
Kidderminster, Worcestershire, West Midlands, DY10 1BB
Midas Financial Planning provides a personalised advice service with a view to building long term relationships, in order to look after all of your financial needs. We will be open and straight
Carlton Financial Planning
Norwich, Norfolk, East England, NR6 5NZ
Welcome to our website which has deliberately been kept as uncluttered as possible, whilst giving enough information about our business for you to make an informed choice as to whether you would like
White Horse Financial Services
Swindon, Wiltshire, South West England, SN5 4HF
White Horse Financial Services is a firm of Independent Financial Advisers, based in Purton, Wiltshire. Established in 1995, working initially in Swindon, we moved to our present purpose built office
Kings Court Financial Planning
Trowbridge, Wiltshire, South West England, BA14 8HQ
At King's Court, we provide independent, fee-based advice in Financial Planning and Asset Management - for individuals and organisations. We offer a highly personalised service, driven by your
Investment Sense
Nottingham, Nottinghamshire, East Midlands, NG1 1HW
Here at Investment Sense we are passionate about making your money work harder for you and helping you to make better financial decisions. Whether you use our website to find the information you need
Aic Financial
Colchester, Essex, East England, CO4 9AD
AIC Financial is a small, specialised, firm of Financial Advisers who have been creating financial planning solutions for its clients since 2000. Our Head office is located in Earls Colne. We have
KMG Financial Planning
Bearsden, East Dunbartonshire, Scotland, G61 1HU
We adhere to strict FSA guidelines, which obligate us to provide advice most suited to your personal requirements, affordability and your risk profile. Many people mistakenly think an IFA is only for
Alpha Omega
Ipswich, Suffolk, East England, IP10 0HX
We offer you a face-to-face meeting in the comfortable, relaxed and familiar surroundings of your own home to help you understand the important financial planning needs being discussed. Our business
Midlands Asset Finance
Nottingham, Nottinghamshire, East Midlands, NG1 5DU
We deliver funding packages for all aspects of Asset Finance, Banking and Property transactions working for our clients to negotiate, underwrite and secure flexible and competitive packages with a
Fallon Countrywide
Chesterfield, Derbyshire, East Midlands, S40 1LL
Fallon-Countrywide IFA is financial planning practice based in Chesterfield, Derbyshire. We help our clients understand the real truth about their money so that we can work towards true financial
Tricketts Financial Group
Rossendale, Lancashire, North West England, BB4 8EG
Sophisticated technology is an essential party of the modern financial services company and we use it to enhance the relationship between ourselves and the client, never to hinder it. Personal and
Norwich Financial Advice
Norwich, Norfolk, East England, NR2 3NZ
Norwich Financial Advice (NFA) is exclusively the clients' adviser. Being totally independent, all analyses, evaluations and advice is given without being influenced by any banks, building societies,
RockWealth - IFA
Cheltenham, Gloucestershire, South West England, GL50 1QB
RockWealth is a firm of professional independent advisers specialising in wealth management and creation on behalf of professionals, business owners, entrepreneurs and trust funds. Our goal is always
Cambridge Financial Partners
Saffron Walden, Essex, East England, CB11 4JU
Cambridge Financial Partners provide strategic outsourcing for your financial management. We give you a real alternative to building and running an in-house finance team. Cambridge Financial Partners
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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