What does a Financial Consultant do?
A financial consultant is responsible for creating financial plans for organizations and individuals alike. They are responsible for ensuring that the organization accomplishes their financial goals through various means. A few of the main duties of a financial consultant are developing financial strategies, monitoring the financial situation, forecasting the fiscal year, and giving clients different options. They also have to create in-depth reports on the organization's financial state. Some of the jobs titles that a financial consultant could grow into are director of finance and chief financial officer.
A financial consultant should have five years of experience as well as a Bachelor's degree in finance. One of the most important skills that a financial consultant will have is great attention to detail. Another skill is finance skills as the financial consultant will have to be able to help the organization create financial plans. They also need to be able to effectively communicate with everyone in their department.
- Create long term goals for the client
- Develop financial plans for the client
- Monitor financial health of clients
- Create different investment plans for clients
- Prepare financial analysis and reports
- Keep up to date on the latest market trends and information
- Develop a tax strategy for clients
- Advise clients on capital investments
- Bachelor's degree in finance or accounting
- Incredible math skills
- Ability to connect with clients
- Excellent attention to detail
- Incredible analytical and problem solving abilities
- Ability to accurately predict market trends
- Deep knowledge of the financial industry and regulations
- Deep knowledge of investing
- Ability to analyze a client's financial situation
Financial Consultant Salaries
Average Base Pay
Financial Consultant Career Path
Learn how to become a Financial Consultant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Financial Consultant Insights
Pure Financial Advisors“I work with a group of committed and brilliant individuals who have provided me with continual inspiration throughout my career.”
Fidelity Investments“If you’re getting into the industry and can’t find anyone to hire you this is a great place to start.”
Utah First Federal Credit Union“Not for some but if you want to make lots of money this is a great institution to do so.”
Mazars“Great work life balance; none of the partners create an artificial sense of urgency.”
Advisors Alliance Group“This allows me to have a flexible schedule which I can optimise my time fully.”
Fidelity Investments“Probably best I’ve seen and I ask all my clients their benefits so pretty cool to KNOW it doesn’t get much better.”
PHP Agency“motivational and great career opportunities”
AXA Singapore“Infrastructure is quite robust and sales support is top notch.”
Frequently asked questions about the role and responsibilities of a Financial Consultant
- Financial Analyst
- Financial Manager
- Finance Manager
- Controller