If you have heard about financial consultants, whether on social media or a TV commercial, but don’t know what they do, you have come to the right place. A financial consultant can help you determine the best strategy for your money. But how do you know if you need a financial consultant? Let’s find out.
What Is A Financial Consultant?
Financial consultants are professionals who can help you build wealth by designing comprehensive financial strategies. They work closely with their clients to strategize and develop actionable plans to help individuals or companies reach their financial goals.
What Does A Financial Consultant Do?
A financial consultant helps people analyze their finances. They break down client’s financial life, including assets, income, and expenses, and help them create a financial plan to reach their goals. These goals can be focused on milestones like buying a car or home, relocating to another city, retirement, and paying for a child’s education.
Financial Consulting Services
Financial consulting services are another consulting landscape where consultants work in specialized fields. Typically, when we think of financial consulting services, the first few things that come to your mind are banks and their various services. But financial consulting services are not just about money but anything that has value or can be monetized.
Financial consulting services’ main disciplines are corporate finance, transaction services, crisis & recovery, risk management, accounting advice, tax advice, real estate advisory, and forensics & litigation.
When Do You Need a Financial Consultant?
You may need to work with a financial consultant to help you reach your financial milestones, depending on your needs and goals. The best time to hire a financial consultant is when you have enough money saved to invest in those milestones.
For instance, when you have multiple retirement accounts to manage is one of the best time to have a financial consultant. A consultant will help you manage your accounts and create a financial strategy that optimizes different investment and tax strategies.
A financial consultant can also help you manage and review your portfolio to keep on track with retirement and other financial goals if you’re building a new portfolio. Suppose you happen to lose money on your investments, a consultant can also help you re-evaluate your portfolio and diversify it to boost your net worth.
What Are The Benefits Of A Financial Consultant?
You will gain a lot when you seek out financial consultation. You will have powerful insights into your finance, learn what to do to overcome challenges, and get through tricky spots successfully.
First Oak Financial Inc. Is The Financial Consulting Firm You Can Count On
At First Oak Financial Inc., we financial consultation services in Port Moody to clients considering an investment opportunity. We aim to help you in making informed and valuable decisions. We’ll explore the best alternatives, uncovers investment risks and opportunities, and provides recommendations. Reach out to us at 604-761-7543 to learn more about our financial solutions and support options while you stride toward long-term success.
Jon Brooks was wonderful to work with on filing for bankruptcy. He is professional, polite, and very detailed. I'm so grateful I'm debt free... Read moreMichelle D., San Jose
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If you are reading this, chances are you haven’t been on a ‘winning streak’ in your life lately. When my wife and I came in to see Jon... Read moreKeith A., San Jose
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Choosing Jon to represent me in my bankruptcy case was the best decision I have ever made! He is extremely knowledgeable and explained every... Read moreSara L., Campbell
Jon Brooks helped us get a fresh start without making us feel ashamed for our bankruptcy. He and his staff were professional to an ultimate ... Read moreY. Carter and D. Carter, San Jose
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