Recommended Financial Advisors

Orchid Financial Services
As Independent Professional Financial Advisers we offer advice on a broad range of products and services to meet a multitude of financial needs. The Company, based in Peterborough, has over 50 years
Grovewood Wealth Management
As a Partner Practice of the prestigious St. James's Place Wealth Management, our focus is on you and on achieving or maintaining financial security for you and your loved ones. We work closely with
C P Hodgson
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Please note the information contained within this website
Solve Accounting & Finance
We work hard with all of our clients to provide a service that exactly suits your needs - whether that's taking the whole accounts process on for you, from monthly bookkeeping through to management
Camargue House
Camargue House was formed in 2013 as a collaboration between leading professionals in the industry with a joint understanding of the needs of our clients, and of the increasingly complex world of
Blueprint South West
I carry out extensive research to understand each customers' individual needs and requirements. I'll then work with them to ensure the correct planning is put in place and is then continually reviewed
Padstone Financial Management
As Independent Financial Advisers we are able to provide personalised advice on a host of areas but specialise in pre and post retirement planning and investment advice. Mark has 19 years financial
Medics Wealth Management
Why should you take Financial Advice? In a time when there is more information than ever available at our fingertips, can taking personal advice add anything to your financial planning? Some key times
Swakeleys Associates
The great joy of financial freedom is having your heart and mind free from worry about life's uncertainties, and our aim is to pave the way for a more secure financial future for you, your family and
White Horse Financial Services
Whether you have an existing portfolio of ISAs, Unit Trusts and Investment Bonds or are about to take your first steps into the uncertain world of investing a lump sum, friendly and expert guidance is
McCarthy Taylor
Individual ServicesWe understand it can often be difficult knowing where to begin with planning your financial needs. That is why we offer a complimentary first consultation meeting to discuss your
Eastlake & Beachell
Established in 1972, Eastlake and Beachell Ltd are highly experienced Financial Advisors and Insurance Brokers authorised and regulated by the Financial Conduct Authority (FCA). Currently employing 20
Kenley Financial
Jerry has worked in financial services for over 25 years, including for a number of insurance companies until 2008 when he joined Kenley Financial Ltd as Director. Jerry is a member of the Personal
Isaac Rees
At Isaac Rees Wealth Management LLP we have grown our business through personal recommendations and referrals and, more recently, regional financial seminars. Our team specialises in delivering
Mortgage Processing Centre Direct
We specialise in providing you with quality professional advice and assistance that you can trust. Whatever your particular requirements, whether it be a mortgage or re-mortgage, protection against


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
Financial advisors | Romb
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