The Financial Advisory (or financial consulting) segment delivers consulting services that build on a strong financial-analytical fundamental. Service offerings span a wide variety of topics such as transaction services, risk management, tax advisory, real estate advisory, compliance and litigation services to name a few. However, financial and accounting skills always stand at the heart of the services delivered. A financial advisor specialises in providing financial advice to customers, based on his expertise and their requirements. While you could be aware of your needs and the way to go about investing for it, you may not always have the time to do it all by yourself. Here is where a financial advisor takes the responsibility from you onto him. The market for financial advisory consists of eight main disciplines: Transaction Services, Corporate Finance, Crisis & Recovery, Risk Management, Accounting Advisory, Tax Advisory, Real Estate Advisory and Forensics & Litigation.
Financial Consulting
Financial Consulting Service By WinRich Professional Services Pvt Ltd
The Financial Advisory (or financial consulting) segment delivers consulting services that build on a strong financial-analytical fundamental.
What is financial consulting?
What does Financial Consulting cover?
- Improves risk management
- Improvement in portfolio return on investment (ROI)
- Use the metrics approach to manage your money
- Identify good and not so good areas
- Reduce your cost of personal finance
- Discipline in managing money
- Measure and improve asset allocation
- Future visibility
- Estate distribution
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Bangalore, Karnataka
Benefits of financial consulting:
Understanding your investment needs and chalking out a financial plan: One of the very first steps while chalking out a financial plan is to understand the need and purpose. Your financial advisor understands from you, your needs and future goals and accordingly draws a long-term plan to fulfill it.
Financial expertise: A financial advisor brings with him/her expertise about the financial markets. They undergo several training and carry certifications to secure the title of a financial advisor or an investment advisor. And thus, engaging a financial advisor to help with building a portfolio, chalk out your goals and help track it, could be a good idea.
Laying down SMART goals: Goals need to be SMART – Specific, Measurable, Achievable, Realistic and Time-bound. Even in your financial plan, you have to chalk out goals that are achievable keeping in mind factors such as your income, expectation of return and goals. And a financial advisor would help you do this.
Helping you choose the ideal path to being financially fit: Once you decide what your goals are, your financial advisor would help you choose specific investment options to achieve it. Your advisor would help you choose the appropriate financial instrument based on your risk-return requirement and match it with the appropriate financial instrument.
Regularly monitoring your portfolio: A financial advisor helps you monitor and reassess the investment performance as you may not always have the time to do it. Regular monitoring of your investment portfolio is necessary to ensure alignment of your investments with your financial goal.
Revising portfolio from time to time: An investment portfolio needs review and reallocations depending on the market situation and changing needs. In such situations, an advisor would suggest revisions on the basis of his expertise and market situations.
Insurance planning
Securing your family’s future even after you’re gone
Estate Planning
Securing your family’s future even after you’re gone
Goal Planning
Helping clients prioritize their financial goals
MCX
First commodity exchange in India
The importance of financial consulting
The services of a financial consultant would be highly beneficial for those people who have debts but at the same time high income or other significant sources to pay off the debts with better assistance; a business firm which is going to start a new venture and requiring assistance for better organization of assets and finance; people with exceptionally high income and looking for assistance to invest in some beneficial sources; and people who have gained a large sum of money as a result of promotion, retirement, or inheritance, and seeking assistance on how to manage it effectively. However, financial planners are not recommended for people who are in utter debt and do not have any significant resource to pay it, since hiring an expert planner would cost much and it may sometimes even lead people to further debt.
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