Chartered Financial Planners

What Services Can a Financial Advisor Provide?

Posted By on January 8th, 2021 in Blog, Financial Advisor

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In a nutshell a financial advisor helps people manage their money. Typically, there is an investing aspect involved, but not always. Some financial advisors specialise in wealth management, others will manage hedge funds, and some are more interested in educating clients on how to avoid risk and analyse their cash flow.

Whatever you need from a financial advisor, you will be able to find one that can help, but it is worth shopping around and making sure you choose the right advisor, who has the correct training so that they can offer you services most suited to your situation. Our team of financial advisors in Farnham have put this guide together to give you a better idea of the services a financial advisor can offer, and to help you pick the right one.

The Services a Financial Advisor Can Offer

There are a few variations of the services a financial advisor can offer. The first of these is investment management, or wealth management. A financial advisor, such as our team in Farnham, will design an investment strategy and then implement and monitor it, rebalancing it where necessary.

Financial planning, on the other hand, involves the creation of a detailed financial plan, a whole blueprint for your future. It will detail all the steps you should undertake to achieve your financial goals; this will include an investment plan that you might be able to implement on your own. Or if you would rather get someone else to do the work the financial advisor will be able to implement this for you.

Hiring an Advisor on a Project Basis

If you have specific needs, you might want to hire the financial advisor on a project basis. There are a range of individual services the advisor can offer; our Farnham financial advisors have detailed some of these below to give you an idea of where and how they can help.

  • Risk management and insurance planning
  • Education and saving planning
  • Tax planning
  • Legacy or charitable planning
  • Retirement planning
  • Cash flow analysis
  • Small business planning

In these situations, you may only need the help of a financial advisor short term, and once they have given you the plan and guidance you may be capable of implementing this alone. This option will also save you money. The services and advice of expert financial advisors, such as our Farnham team, come at a cost, hiring them on a project basis can cut some of this.

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