A financial consultant is a professional who helps users create a battle plan for their overall financial well-being. A financial consultant of FinanSoo conducts an audit of your current financial situation and strategize a plan to help you reach your future goals.
“Financial consultant in India” is a somewhat antiquated term that’s largely been replaced by the term “financial advisor in India.” 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 in India offer personalized advice to help users build wealth. They may offer financial planning, identify well-suited investments and guide insurance decisions. They often direct the buying and selling of investments, like stocks and bonds, on their users’ behalf. Some may also sell financial products.
A financial consultant i usually meets with clients to assess their financial situation before they make any recommendations. Any time a client experiences a major life change (marriage, job change, retirement), they’ll likely request another meeting.
Financial consultants or advisors in India offer clients a big picture analysis of their finances. They break down different aspects of a client’s financial life, including assets, expenses and income, and help them create a financial plan to reach different types of goals. These goals can be focused on specific milestones like buying a home, relocating to a different city, retirement and paying for the education of a grandchild.
You should also note that financial consultants or advisors offer clients different types of services depending on their specialization. As an example, a certified financial planner helps clients in many areas of financial planning, including taxes, retirement, estate planning and insurance. But a chartered financial analyst focuses on portfolio management and financial analysis.
Financial planning, tax planning, investing, estate planning, retirement planning
Tax planning, audit and assurance services, bookkeeping, business management, forensic accounting
Financial planning, wealth management, estate planning, retirement planning, investing, insurance
Life insurance, annuities, risk management
Depending on your needs and goals, you may want to work with a specific type of financial consultant or advisor to help you reach different milestones in your financial life. You should keep in mind that the most practical time to hire a financial consultant will be when you have enough money saved to invest in those milestones. But with FinanSoo , you not need to hire any financial consultant, you will get the personalised solution by sitting at your place.
One example, if you are starting to build a portfolio, a consultant can help you manage and review it to keep on track with retirement and other financial needs and goals. And if you happen to lose money on your investments, a consultant can also help you re-evaluate your portfolio and diversify it to increase your net worth over time.
Financial consultants of FinanSoo can help you create and manage an estate plan to pass on assets to loved ones or charitable organizations with minimal tax burdens. An estate plan not only protects inherited assets, but it can also implement a strategy to help them grow over time and ensure that your legacy can last for generations to come.
Everyone has a unique financial situation. Some financial consultants and advisors have a specialty or only work with certain levels of investors. You’ll need to find a financial advisor at FinanSoo App who guides you.
