What does a financial adviser do?

Financial adviser

When you hear the term “financial adviser,” what comes to mind?

A lot of people think about an experienced expert who can give them financial advice, mainly when it comes to investing.

This is true, but is also a very vague answer. Financial advisers help people with a variety of money issues and objectives. Covering all areas of finance from insurance for protection, pensions and retirement, to inheritance tax and long term care. They don’t only help people with lots of money to invest, often the individuals they help are ordinary working people, just like you, wanting to make the most of what they’ve got.

Just like all investors are individuals with specific individual needs and goals, advisers are the same. They don’t come in a one-size-fits-all package. Although they will all have a certain level of required qualification many will have different degrees and certifications. They come from diverse backgrounds and have differing areas of expertise.

Financial advisors assess the financial needs of individuals and help them with pre and post retirement investments, tax, and insurance decisions. They help clients plan for short-term and long-term goals, such as education expenses and retirement. They recommend investments to match the clients’ goals. They invest clients’ money based on the clients’ attitude to risk and capacity for loss.

Personal financial advisors typically do the following:

1.Meet with clients in person to discuss their financial goals

2.Explain the types of financial services they provide

3.Educate clients and answer questions about investment options and potential risks

4.Recommend investments to clients or select investments on their behalf

5.Help clients plan for specific circumstances, such as retirement or inheritance tax planning

6.Monitor and determine if changes are needed to improve portfolio performance or accommodate life changes

7.Research investment opportunities

Budgeting to reach financial goals:
Help you understand what actions you need to take to reach those short & long-term goals.


Long-Term Care planning:
Paying for care is very expensive and is only likely to increase, the last thing anyone wants is to run out of money and have to change care providers.. An adviser that specialises in Care Planning can guide you through the options available for paying care fees and also discuss what is available through the local authority.


Estate Planning:
It’s a depressing subject but when you die you want to be able to pass on as much of your wealth as you can. An adviser can help you reduce or wipe out the potential liability so that more of your estate goes to those you want it to.


Whatever your retirement dream is, you need to have stable income streams to carry you through two or three decades or more. An adviser can help you to receive as much income as possible paying the lowest amount of tax and make sure that you don’t run out of money.


Understanding tax implications if you are expecting to inherit money in the future as well as if you are leaving assets & money behind.  An adviser can explain in layman’s terms so that it is easier to understand.


Tax Planning:
Making the most of tax breaks available to you and minimising your tax burdens. It may surprise you that many people are paying too much tax because they have the wrong tax code. An adviser can work out what it should be and help you reclaim over paid tax.


Remaining emotionally neutral when markets take a turn for the worse. An adviser can be the voice of reason that reminds you to look at your investments with a long lens but equally be able to tell you when you should sell to improve your overall returns.


Get in touch

If you are looking for a Financial Adviser we’re here and ready to help you face your financial challenges head on.

Call us on 0845 680 8910 or email: mail@savvyfp.co.uk

Savvy Financial Planning, Hinton Business Park, Tarrant Hinton, Blandford Forum, Dorset, DT11 8JF