consultant is essentially the same . They often offer a number of services, with their financial advice being based on the client’s specific needs and goals. In some cases, a financial consultant may have more financial planning experience than the typical financial advisor. Financial consultants usually provide investment services as well, though. To find a financial advisor or consultant in your
What Is a Financial Consultant?
“Financial consultant” is a somewhat antiquated term that’s largely been replaced by the term “financial advisor.” Financial consultants may work for a firm or as a self-employed contractor, and their clients may be companies or individuals.
In short, financial consultants offer personalized advice to help investors build wealth. They may offer financial planning, identify well-suited investments and guide insurance decisions. They often direct the buying and selling like stocks and bonds, on their clients’ behalf. Some may also sell financial products.
A financial consultant usually meets with clients to assess their financial situation before they make any recommendations. Any time a client experiences a major life change (marriagethey’ll likely request another meeting.
Consultants also spend time marketing their businesses. They often travel and work outside normal business hours to accommodate their clients’ schedules.