So what does a financial adviser actually do?

My role can be compared to your family doctor's in many respects.

You wouldn't just walk into the surgery and expect your doctor to hand you 2 or 3 prescriptions, tell you to lose weight, stop drinking and run a mile every day, without first finding out what, if anything is actually wrong with you. A doctor would normally carry out a medical examination and then report their findings to you.

A financial adviser is also required to know their clients before any advice is given, therefore, you will find the equivalent of a financial examination is given. At our first meeting, many questions are asked and a lot of information is noted. This will include personal questions about yourself, your family, your finances and any existing plans you have.

I also want to know what you want to do in the future. For example, move house, retire comfortably at a specific age, plan for your family going onto university, make your savings work harder or perhaps start your own business. After gathering all this information, a further appointment is made for approximately two weeks time.

During this period is when I will analyse all the information gathered and with the help of industry re-searching computer software, I match plans to suit your requirements highlighted at our initial meeting. I am able to research all the financial companies, so you can be sure that you are not only dealing with a respected company or lender, but also that the premiums and charges are the most competitive in the financial services industry.

Once I have selected the company that best suits your needs, I will arrange for personalised illustrations, information brochures and application forms to be sent to me. I will also prepare a report of my findings, which confirms why I have recommended a particular company. My second meeting with you allows me to present my report and illustrations and of course allows you to ask further questions. If you are happy to accept my recommendations, then I will complete the relevant applications with you and forward them to the company selected. It is normal for an adviser to arrange yearly review meetings. This allows me the opportunity to not only update my records, but also ensure that the plans previously recommended are continuing to meet your requirements.

Just as your doctor must be suitably qualified, then so must your financial adviser. The financial services industry is regulated, therefore, in order to provide financial advice, be that mortgages (including equity release), pensions, life assurance and investments, then your adviser must be qualified to give that advice. I can confirm that I hold all these qualifications.

Nothing can beat experience and I have been a financial adviser for over 26 years. I hope this has given you an insight into what an adviser actually does. If you feel you need a financial check up, then please feel free to contact me and arrange a convenient time at your home or office