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Financial Advisors in the UK
Romilly Associates
Barry, Vale of Glamorgan, Wales, CF62 7EA
Romilly Financial is an independent fee based planning practice that serves corporate, high net worth and aspirational clients alike. The practice covers many disciplines including retirement
Mulberry
Twickenham, South West London, London, TW2 5QB
At Mulberry Chartered we pride ourselves on providing the highest possible standards of help and advice to our clients. We are constantly evaluating our services, and looking for ways to offer added
C I B
Rochester, Kent, South East England, ME2 4HU
We are a friendly, professional, family-run company and our highly trained advisors have over 75 years of combined experience. We are proud of our impartiality and use this to deliver tailored
Ian Harrison Financial Services
Crook, County Durham, North East England, DL15 9UX
Ian Harrison Independent Financial Services Ltd was established in 1997 and is based in County Durham, with clients extending throughout the North East of England, North Yorkshire and even to Isle of
JonSimon Financial Advice
Radcliffe, Greater Manchester, North West England, M26 2SQ
JonSimon Financial Advice Ltd is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct
David Williams
Northampton, Northamptonshire, East Midlands, NN1 5BE
When you have a medical concern, you naturally want to consult a specialist doctor with a reputation for successful outcomes. Looking after your financial health should be no different. Speaking to an
Morris Shapland Financial Services
Bideford, Devon, South West England, EX39 2BD
With increasingly complex and unpredictable financial markets and longer life expectancies, working with a financial planner is more important than ever. With such an overwhelming number of options,
EMC Advisory Services
Paignton, Devon, South West England, TQ3 3HE
You've probably heard about the mis-selling scandal that is Payment Protection Insurance (PPI), but unfortunately that's just the tip of the iceberg. Financial mis-selling is rife and we see the
Bluesky Independent Financial Advisers
Reading, Berkshire, South East England, RG6 5SY
BlueSKY Chartered Financial Advisers are specialist fee-based IFAs offering friendly and impartial advice on all aspects of financial planning. Our chartered financial advisers offer financial advice
Chartered Financial Management
Bridgwater, Somerset, South West England, TA6 3DG
We hope that the content of our website provides you with clear evidence of the quality of our experience and expertise and why we feel we will still be here, delivering outstanding financial advice
Belfast Financial Advisors
Belfast, County Antrim, Northern Ireland, BT6 8DD
We provide personal bespoke independent financial advice to individuals and businesses that easily understood and effective. From mortgages, to protection, and from Pensions to Investments, We are
Messer & Matthews Ltd IFA
Guildford, Surrey, South East England, GU1 4UX
We are an entirely independent, family owned business which has been established in Guildford for 50 years. We offer a very high level of expertise and many years of experience. We can review your
Lotus Benefit Consultants
Harrow on the Hill, North West London, London, HA1 2TH
Founded in 1995, our objective was to build a company that excelled in providing Independent Financial Consultancy to its clients, and still maintain a personal touch, through the creation of long
Trade & Export Finance
Hampstead, North West London, London, NW3 7BN
A UK manufacturer of safety equipment had secured a contract to supply to The Netherlands. This involved the purchase of stock items, which had to be financed. TAEFL identified and arranged with a
Financial Escape
Ramsgate, Kent, South East England, CT11 9HS
We are a firm of financial advisers based in Kent, UK. We provide advice to both individuals and companies on all aspects of financial planning, through a long term approach of fully understanding our
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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