Both financial consultants and investment advisors are similar in that they assist you with managing your financial assets, but their services and expertise also differ in some major ways Luke Montaine. An investment advisor helps you manage your investments and securities for you so you will have a solid, long-term investment portfolio.
A financial consultant helps you plan your retirement, make investment decisions, and set up your investment strategy. Financial consultants are often hired by large companies to assist them in these areas of expertise because they have the resources, access, and typically possess many years of experience in these areas.
Investment Advisor Salary
When hiring an investment advisor or financial planner, you should make sure that the individual is well versed and knowledgeable about the asset classes you are investing in, and that they offer sound financial planning advice to keep your personal and business affairs running smoothly. The financial planner must be skilled in researching for the best investments and stock options for you and must be able to create a comprehensive financial plan that incorporates your entire financial future.
The financial planner will also have to know how to properly handle all of your assets and liabilities. Also, the planner may have to be licensed or qualified to practice law and provide financial planning advice.
There are many different types of registered investment advisors to choose from such as self-directed IRA, bank accounts, 401k’s, TINs, and more. To find the right registered investment advisor for your needs consult the website of your brokerage.
They will be able to give you the name of a reputable firm and their contact information. Once you have the contact information you can get an idea of what each firm offers. Then you can compare the different companies and find one that works for you and meets all of your registered investment advisor requirements.