MoneySavingExpert.com lists the common financial products that financial advisors manage:
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Annuities
Annuities provide a steady cash flow for individuals during their retirement years. Financial advisors can help structure their clients' annuities and establish an annuity contract that best meet their clients’ needs.
Endowments
Endowments are a type of donation to a non-profit organization. They “provide ongoing benefits” to their recipients “by earning a market rate of interest while keeping the principal amount intact” for the funding of the efforts the donor wishes to fund. Financial advisors can help sort through various options for clients who want to surrender or sell endowments.
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Tax planning
Tax planning covers many aspects, “including the timing of both income and purchases and other expenditures, selection of investments and types of retirement plans, as well as filing status and common deductions.” Advisors can assist clients in the complexity of financial and tax planning and structuring.
Investments
Financial advisors can help clients by assessing the risk in a potential investment. They can also guide their clients through the complexities of planning investments for future events, like funding university fees.
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Mortgage
Individuals depend on mortgage to buy real estate without completely paying the entire value of the property upfront. Financial advisors, especially those who specialize in mortgage, can guide clients in choosing the best property with a good mortgage payment arrangement.
Financial services provider JSK Associates explains that when it comes to financial products, financial advisors develop the plan depending on the complexity of the client’s situation and the value of assets under management.
To learn more about financial products, refer to this webpage.
