Financial Consultant Definition
What is the difference between a financial consultant and a financial advisor?
The consultant is brought on for a specific problem or goal, so they are not going to meddle in peripheral financial or business affairs. The relationship is transactional, whereas an advisor will dive into the many areas of your company to help you achieve more.
A certification would also give you an assurance that the financial advisor is trustworthy. This is essential when in search of knowledgeable who would help you handle your money.
Financial derivatives incorporate necessary selections regarding shopping for and selling belongings or properties based on speculation of the long run market situations so as to incur worthwhile returns. For example, an investor acquires a financial asset at a lower market rate with the intention of promoting it in future, speculating that its value would increase in-time.
- Pension plans and mutual funds