Financial

Services
Market
 The financial services sector is the primary driver of a nation's economy.

It provides the free flow of capital and liquidity in the marketplace.

Role of Financial
Service When the sector is strong the economy grows, and companies in this industry are
better able to manage risks.

Financial services help with the making, investment and management of money

for both people and organisations; for example, trading shares in the stock
market, or helping people put money away for a rainy day.
 The Impacts of attaining advise from the
Financial Advisor.
Financial advisers provide clients with
specialist advice on how to manage their
A great financial adviser has specialist money. The role involves researching the
knowledge of investments, savings and marketplace and recommending the most
money management but also possesses great appropriate products and services available,
people skills ensuring that clients are aware of products
that best meet their needs, and then securing a
sale.
Advisers may specialise in particular
products, depending on their clients, such as
selling employee pension schemes to
companies or offering mortgage, pension or
investment advice to private clients. Others
are generalists, offering advice to clients in
all of these areas, as well as saving plans and
insurance.

In order to give financial advice, advisers

Financial advisers are also known as financial
must have professional qualifications and
planners or wealth managers.
follow strict financial industry rules.
 There are two types of financial adviser and advice:

Types of (1) Independent and (2) Restricted.

Financial
Independent advisers, also called independent financial advisers (IFAs), research
Service Advisors and consider all retail investment products or providers available to meet the
client's needs. They must provide clients with unbiased and unrestricted advice.

Restricted advisers only offer limited advice, focusing on a particular range of

products or on products from one, or a limited number, of providers.
 Roles and Responsibilities of Financial
Advisor

contacting clients and setting up
meetings, either within an office
environment or in clients' homes
or business premises
conducting in-depth reviews of researching the marketplace and
analysing information and
clients' financial circumstances, providing clients with
preparing plans best suited to completing risk analyses designing financial strategies
current provision and future information on new and existing
individual clients' requirements
aims products and services

researching information from
assisting clients to make
various sources, including
informed decisions
providers of financial products
reviewing and responding to
clients changing needs and
financial circumstances
promoting and selling financial
products to meet given or
negotiated sales targets
negotiating with product
liaising with head office and
suppliers for the best possible
financial services providers
rates

contacting clients with news of meeting the regulatory aspects

communicating with other keeping up to date with new financial products or of the role, e.g. requirements for
professionals, such as estate financial products and producing financial reports changes to legislation that may disclosure, costs of the services
agents, solicitors and valuers legislation affect their savings and provided and also the advised
investments products.
 Financial Advice is important for various reasons. For example:

Helps organisations in financial planning;

Importance or Assists organisations in the planning and acquisition of funds;

Impact of a
Helps organisations in effectively utilising and allocating the funds received or
acquired;

Financial
Assists organisations in making critical financial decisions;

Helps in improving the profitability of organisations;

Advice. Increases the overall value of the firms or organisations;

Provides economic stability;

Encourages employees to save money, which helps them in personal financial

planning.
Structure
of The UK
Financial
Systems
 Brief List of
Financial
Institutions
in the UK

2021
Different Financial
Products
 There are different financial products available to
individuals and businesses to meet their needs. Some of
the financial products are:

 Savings
 Loans
 Mortgages
 Insurance Products
 Pension Products
 Shares