What Does A Financial Adviser Do?
- We offer personalised investment advice to help you build a portfolio that aligns with your financial goals.
- Our experts provide ongoing support, ensuring your investments are regularly reviewed and optimised for growth
- We take a balanced approach to risk, helping you invest wisely while maintaining long-term financial security.
Get in touch for a no-obligation chat about how we might be able to help you.
WHAT DOES A FINANCIAL ADVISER DO?
Guy explains the role of a financial advisor.
What exactly does a financial advisor do?
Quite a lot, I think. We start by getting to know our clients to understand their objectives and what’s important to them. We tend to start at the end, to explore what the end goal is for you in seeking advice, and then we work back from that.
Obviously, we use some pretty deep understanding of the UK market and the products available to investors.
We talk a lot about risk, so we look at people’s comfort levels around investment strategy. Before we build a strategy, we research across the market around different investment types or styles. It could also be around different tax wrappers.
We’ll discount the alternatives that we don’t think are suitable, then we’ll give advice and make a recommendation for what we think is the most appropriate solution. Finally, and this is a big part of it, we look at building long-term relationships and offering an ongoing service.
We’ll work with you on an ongoing basis because, of course, people’s needs, wants, and desires change over the course of time.
What sort of services does a financial advisor offer?
What we do falls in two categories. We deal with investments and pensions. Investments could be savings or longer-term investments. Pensions could involve setting up a scheme for an employer or someone who’s self-employed, or it could be personal pension planning.
Although our services might be defined by investments and pensions, actually they tend to broaden out a lot more than that.
When should I see a financial adviser?
Albert Einstein was quoted as saying that he thought compound interest was the eighth wonder of the world.
Compound interest is effectively where you earn interest on interest, compounding up over a period of time. So if Einstein was right, that suggests the sooner you see an advisor, the better, because you’ll have more opportunity for growth compounding over the long term.
So, I wouldn’t delay, is the short answer.
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What is the process? What would happen if I called you today?
We’d start with a discovery call, as we call it. We’d spend a bit of time together, to understand your area of need and what you’ve come to us for. We’ll then spend some time telling a little bit about us, our proposition and where we fit in the market.
We’ll give you a feel as to whether or not we think we can help with your needs. If so, we would progress to a more formal structured meeting to go through things in a bit more detail.
Does it cost for an initial conversation with you?
No, our process is quite clear. We engage initially at our expense, so we’re certainly not leaving you with an invoice. We’ll spend time speaking to you, to understand what you need from us.
In most circumstances, we will go away and start to build a solution before we levy any charges. If we do decide to work together and implement a solution, that’s when the charging structure starts.
What else do we need to know about working with a financial advisor?
The only thing to add is that some services fall under investments or pensions, but inheritance tax planning also forms quite a lot of people’s needs at the moment. Long-term care is also something that we’re able to help you plan around.
In the UK, there is an array of services available within financial advice, so choosing an advisor can be difficult.
Most people tend to choose someone based on who they feel they can trust the most. And a second reason is around integrity. So I would say, find an advisor who does what they said they were going to do, and one you can trust.
The value of pensions & investments and any income from them can fall as well as rise. You may not get back the amount originally invested.
