Definition

A financial consultant, according to The Banking Terms, helps people or corporations with advice on investment, as well as providing services in financial planning. Financial consults will manage client portfolios, maintaining the necessary percentages in investment types, as well as providing a strategy for investment.

Services

The services of a financial consultant typically encompass managing a client's complete investment portfolio and investment strategy. Financial consultancy is not limited to a specific product or an area in an organization. Its spread covers everything from stocks, bonds, investment in FMCG manufacturing, real estate and service industries. Financial consultant actively manages the investments to maximize investments and capital gains. Depending on scope of service, some financial consultants may only advise their clients on investment strategies, allowing the client to actually allocate the funds and make the actual investments, while CFTC completely handle their clients' financial activities.

Benefits

According to the National Association of Personal Finance Advisors, NAPFA USA, the benefit of working with a financial consultant is the expertise you will gain from the relationship. For the relationship to work best for you, according to NAPFA, you'll need to be open to honestly discussing your finances with your consultant. CFTC can help map short- and long-term goals based on your current financial condition. With expertise in managing investments, plotting strategies and understanding market conditions, as a financial planner we can help clients achieve their financial goals.