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Financial Advisors in the UK
Questa Chartered Financial Planners
Blackpool, Lancashire, North West England, FY4 5PR
Financial planning gives you the reassurance that you are doing the right thing. A six step process is used to gather information, discuss objectives, make recommendations and oversee actions. Questa
Argyle Financial Group
Southport, Merseyside, North West England, PR9 0QE
Welcome to our new website, where we aim to keep you abreast of news and developments which are relevant to your investments. We appreciate most financial commentary can seem un-necessarily complex,
M P Financial Services
Ammanford, Carmarthenshire, Wales, SA18 2ET
Covering Ammanford, Merthyr Tydfil, Aberdare and Brecon, here at MP Financial Services (Wales), we specialise in providing you with quality, professional Independent Financial Advice that you can
Fiona Mayne
Weston super Mare, Somerset, South West England, BS24 7HA
Synergie Financial is a well established and local firm of Independent Financial Advisers with offices in Weston-super-Mare, Gillingham, Dorset and Bath. We pride ourselves on our level of
Personal Financial Planning
Sandbach, Cheshire, North West England, CW11 1BA
Periodical Payments have been implemented for the first time, by consent, in Jersey and PFP's Richard Cropper played a pivotal role. The Judgment in X -v- The Estate of Y states: Mr. Cropper is an
Stiles & Co Financial Services
Hove, East Sussex, South East England, BN3 2EZ
The company was established to not only provide continuity in terms of the advice being offered to existing accountancy clients, but also to offer prospective clients of all kinds fully independent
Financial Aims
Coldblow, South East London, London, DA5 1LU
We provide financial advice throughout Kent and the South of England including Bexley, Bexleyheath, Bromley, West Wickham, Bickley, Chislehurt, Sidcup, Blackheath, Beckenham, Greenwich, London,
Arcaria Financial Solutions
Wivenhoe, Essex, East England, CO7 9RZ
From our office in Wivenhoe, Colchester, we provide clear understandable independent financial advice to private clients, businesses and trustees in Colchester and throughout Essex, Suffolk, Norfolk
Prism Independent Financial Advisers
Whether your enquiry is for you as an individual or for your business, the major financial decisions that you make will have significant and life-changing consequences. It is therefore essential that
JS Financial Advice Service
JS Financial Advice Service Limited is a firm that is all about bringing quality independent financial advice to you in a friendly manner without the hard sell. At JS Financial Advice Service Limited,
Kelland & Partners
Cirencester, Gloucestershire, South West England, GL7 2PY
All Kellands consultants are committed to providing first rate, objective and comprehensive independent financial advice to private clients, professional firms and businesses. Our vision is to provide
Vincent & Co Accountants
Torquay, Devon, South West England, TQ2 7DU
Vincent and Co is situated at our newly opened offices in Shiphay Lane. The company was founded by Steve Vincent in 1985 as a personal accountancy firm in South West England. It was first established
Walker Joice Services
Canary Wharf, East London, London, E14 5DY
Walker joice Services are the No 1 Specialist Financial Services Recruiters in the UK. With our Head Office based in The Prestigious Canary Wharf Building on London's Docklands and satellite offices
Absolute Sense
Ely, Cambridgeshire, East England, CB7 4LS
Once again there are more Government changes regarding pensions. In this respect Absolute Sense are offering a FREE complimentary Auto Enrolment seminar for leading business people. The seminar will
The Coleman Group
Poole, Dorset, South West England, BH17 7AZ
Established in 1928 with roots going back to 1903, Coleman is one of the UK's longest established, truly independent insurance brokers and financial advisors with locations in Poole, Exeter and
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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