Finding the Right Financial Advisor in London and the Home Counties

Article Written By: Kathryn Dawson

Investing your money in a way that s both safe and offers an adequate return is vital for your continuing prosperity. However with interest rates at rock bottom, finding safe places to invest is now difficult. Likewise, insurance policies that properly cover us in all eventualities can be hard to identify. And worrying about having enough to enable us to retire comfortably is a concern for everyone. And this is where financial planning professionals, who are highly trained, can offer you effective financial advice.

One area in which a financial planner can offer vital advice is that of inheritance tax planning. Inheritance tax is paid on the assets of a UK domiciled individual who has passed away. Assets include everything from property to cars and cash. These assets can be anywhere in the world and the fact that the individual is not living in the UK doesn t mean he s not liable for UK tax.

There are ways to minimise the impact of inheritance tax, including insurance, wills or trusts and making a transfer to individuals, groups or organisations. However this should only be done through careful inheritance tax planning with the assistance of someone thoroughly familiar with the tax system and in conjunction with a lawyer. Essentially, estate planning needs to be done on a case by case basis as everyone s situation is different.

The need for a tailor-made approach to your finances means you need to find a financial planner who will first analyse your situation and your future goals to produce a custom made solution to handle your financial needs. Only such as detailed analysis can produce the optimum investment advice, retirement and tax planning, and personal insurance advice that are the cornerstones of a sound financial planning system.

Ideally you want someone who will sit down with you and help clarify the big picture regarding your finances. This will include investments, pensions and life insurance with special consideration of your income and tax position. You can then discuss your objectives and attitude to risk which will allow your personal financial advisor to make recommendations about structuring your financial affairs in the most effective manner.

When it comes to looking for a financial advisor, London and the Home Counties has its fair share and the internet has made it easy to find and qualify them. Look at their web sites for qualifications and experience before making a choice. The first thing to check is that companies offering advice on financial products must be authorised by the Financial Services Authority (FSA). FSA authorisation guarantees a certain standard and adherence to certain rules regarding the type of service they offer and how they charge for it.

Another sign that a firm is reputable is that it employs advisors with chartered financial planner status awarded by the Chartered Insurance Institute (CII). Introduced in 2006, the title Chartered Financial Planner is awarded after the completion of a suite of qualifications designed to signal to the public that financial advisers and financial planners are fit for purpose.

About the Author

Kathryn Dawson writes for Tower Hill Associates, http://www.towerhillassociates.com/ top financial advisor London and chartered financial planner providing financial services. http://www.towerhillassociates.com/about/chartered-financial-planners

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