Trending articles
-
Top Tips from a Financial Advisor for ...
21 Jun, 2022
-
Top Tips to Help You Be a Better ...
05 Oct, 2020
Partner's ads
Financial Advisors in the UK
Stirling House Financial Advisers
Coventry, West Midlands, West Midlands, CV6 1PG
Our team of Professional Financial Advisers are dedicated to help you achieve your goals and aspirations. By taking care in understanding your personal circumstances and requirements, our aim is to
Mi Financial
Redditch, Worcestershire, West Midlands, B97 4BD
Mi Financial provide a professional stock broking and independent financial advice service in the Midlands. Redditch, Alcester, Henley In Arden, Bromsgrove, Barnt Green, Hagley, Warwick, Stratford,
Cyberifa
Cyberifa is an independent financial advisers based in South Tay Street, Dundee, Scotland. Established in 1993 our reputation is that of high quality personally tailored independent financial advice,
Sorensen Financial Services
Are you looking for impeccable financial advice, tailored to your specific needs? Providing logical, intelligent financial solutions that reflect your individual requirements is the hallmark of
Maidencroft Financial Services
Crawley, West Sussex, South East England, RH11 7AZ
An established company with over 24 years experience in financial services. We offer fully independent, professional and unbiased advice on a wide range of financial products and services. As
Churchwood Finance
Stockport, Greater Manchester, North West England, SK4 1HW
A Debt Management Plan is an informal repayment agreement to reduce your monthly payments. Answers to your top questions. A breakdown of our fees and the service provided. An Individual Voluntary
Harris Bassett
Harris Bassett provide accountancy and support services to businesses and individuals in the South and West Wales area. The firm includes a team of highly trained specialists who are all former
Goodmans Financial Planning
Plymouth, Devon, South West England, PL4 8AQ
With a team of local financial advisers we serve the needs of our personal and corporate clients throughout Plymouth, South Devon and Cornwall. As a company, we blend our traditional values with new
Baker Hudson
Dursley, Gloucestershire, South West England, GL11 4EA
Different levels of Service are available ranging from a simple one off transaction to a full advisory service with regular reviews. We specialise in Private Client Work and Small Business and where
Vizion Wealth
Stony Stratford, Buckinghamshire, South East England, MK11 1AH
With over 50 years industry experience, we are all passionate about bespoke and independent financial advice to high net worth individuals and small to medium sizes businesses. Vizion Wealth has grown
AJ Wealth Management
Wolverhampton, West Midlands, West Midlands, WV6 8QS
Based in Wolverhampton in the West Midlands, our experienced Independent Financial Adviser (IFA) team is focused on helping you to achieve your financial aspirations, throughout your life. We
Charles Derby
Leicester, Leicestershire, East Midlands, LE5 1HU
We provide services to help you improve your financial plans. We are experts in the field and aim to deliver information, advice and solutions which are clear and easy to understand. We will help you
HL Financial
Chester, Cheshire, North West England, CH4
Rob has over 17 years experience working in the financial services including his time spent at Barclays Financial Management. He strongly believes in taking the time to understand what a client needs
Clark Gillone
Paisley, Renfrewshire, Scotland, PA1 1BN
Clark Gillone holds the prestigious title of Chartered Financial Planners. There are very few such organisations in the UK and we are proud to be the largest independent firm in Scotland to have been
Davies Corporate Finance
Crewe, Cheshire, North West England, CW1 6LD
Our aim is very simple, to make your search for the most appropriate finance solution as painless as possible! At Davies Corporate Finance, we have over 20 year's experience in helping UK SME's to
Can't find your business?
Adding a business to FinancialExpertAdvisors.co.uk is free.Frequently Asked Questions and Answers
- Click here to navigate to the Login page.
- If you haven't yet registered, click here to navigate to the Registration page.
- Fill all required fields.
- After you have logged in, click on "Add Business.
- After you have clicked on "Add Business", you will be redirected to another page.
- You can now fill in the details for this Business.
- Click on the "Create" button.
- Your listing will now be "pending approval".
- One of our Administrators will review your listing and decide whether to Approve or Reject it.
- Priority listing positioning for city, county, in the search results, and our home page.
- A website link on the listing page.
- Can add services with links included.
- Have access to all submitted free quotes from our visitors.
- Increase leads that you can follow up and generate sales from.
- Increase your online presence which, these days, is an indispensable commodity.
- Allow the thousands of potential customers who use the directory each month to find you.
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