Definition: What is a Financial Consultant? Job Description

A financial consultant is defined as someone who specializes in providing financial advice to his or her clients. 

Sometimes, a financial consultant might also operate under the title of financial advisor, or something similar. 

Essentially though, their job is to be an expert on all things financial, to help their customers understand the best options they have for managing their money. 

Additional Definition and Job Description – Financial Consultants

Financial consultants learn to look at the big picture. This allows them to provide the appropriate level of recommendation when advising an individual or business client.

They take into account things like debt management, investment strategies, taxation and insurance. 

Financial Consultants

Image Source: What is a Financial Consultant

Because a financial consultant is not a regulated title, an individual consultant may specialize in all or none of these areas. 

However, there is a certification requirement. 

If someone is a Chartered financial consultant (ChFC) then they have completed a specific curriculum of financial planning education, and are certified by the American College of Financial Services. 

One thing financial consultants are great for is helping their clients achieve specific goals. 

For a business, this might be building an expansion. For a private person, it might be planning for retirement. A consultant can look at your financial situation and help you build a roadmap for achieving those types of specific financial goals.

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