A financial advisors role is to help you to save or invest to meet your future financial goals. Most financial advisors can also assist you with inheritance tax planning, and some can also offer insurance advice and coverage. Knowing exactly what you want to achieve will help you to choose the right financial advisor for you.

What is a financial advisor?

A financial advisors role is to advise and assist you with the management and implementation of your investment and savings portfolios. The term financial advisor is a wide-ranging title and can be used to describe a wide variety of both people and services, including: - investment managers, financial consultants and financial planners. 

What type of financial advisor do I need?

That’s going to depend on what you want to achieve and what sort of advisor you’re really looking for. Do you need advice on and help with insurance coverage, inheritance tax planning, wills and estate planning, retirement savings and investments, or portfolio fund management. Once you’ve narrowed down exactly what you’re looking for, you’ll be better placed to search for the right advisor to meet your needs.

What will a financial advisor ask me?

One of the first things your financial advisor will be asking you would be your goals and ambitions, now and in the future. He or she will then want to know more about your current financial situation, including income, expenditure and your other current financial accounts such as pensions and savings (if you have them), this coupled with information about your working life, will help them to create a plan for you to reach future goals. Financial advisors also help you to invest your money so that it works harder for you and this can be done by either recommending specific investments for you or by providing complete portfolio management. Key questions covered are likely to include: -

  1. What is the most important financial commitment you want to plan for?
  2. What savings, investments etc do you currently have?
  3. What’s your current income?
  4. Are you planning to retire in the near future?
  5. Is your job/income likely to change in the near future?
  6. Have you worked with a financial advisor/planner before?

Are all financial advisors regulated?

All financial advisers in the UK must, by law, be regulated by the Financial Conduct Authority (FCA). This means there are rules they must follow when dealing with you, which means that you have a level of reassurance and guarantee that when you’re dealing with someone governed by the FCA you’re dealing with someone qualified to give you the most relevant and up-to-date advice. Advisers who deal with: Investments, pensions (including pension transfers), retirement income products and general financial planning must all be regulated by the FCA, giving you a level of protection as to the standard of advice you’re receiving. 

Should I choose a financial advisor who can advise me on an independent basis?

Independent financial advisers can consider and recommend all investment products and pension products, from providers across the marketplace, without restriction. Generally, you’re going to get more complete advice and a more complete picture of the opportunities available to you, by choosing an adviser who is able to deal with a wide range of product providers and is not restricted to just one or two. Doing this will give you the widest range of choices available to you. 

What will a financial advisor need to know about me?

Your financial advisor will need to know about your current personal, professional and financial status and to know what you’d like to achieve in the future. Are you saving for a wedding, a dream holiday or an income during retirement, what are you specifically wanting to achieve?

Is it hard to appoint a financial advisor?

Not at all. Choose the company you want to speak to, perhaps based on reviews or testimonials, and then let them do all the work of guiding you through the introductory process of becoming a new client.

Once you get started, your financial advisor will have the expertise and experience to guide you through the initial process and to begin reviewing your financial situation, with an eye to planning ahead with you to help you reach all of your future financial goals.

Start planning your future. Speak to us today.

Contact Us

Seventy Financial Planning
The Apple Store, Haggs Farm,
Haggs Road, Follifoot, Harrogate,

01423 611004

[email protected]

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