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Financial Advisor Description

Investor Economic and Financial Education

 Financial Advisor
A financial advisor is a professional who provide advice for investments and financial planning services to individuals, businesses or governments. Ideally, the financial advisor will assist the client in sustaining the recommended balance of capital gains and investment income with appropriate level of risk by utilization of proper asset allocation. Real estate investment trusts, options, stocks, mutual funds, bonds, futures, insurance products and notes could all be used to the meet the needs of the client. Most financial advisors receive a fee or commission for the various services they provide as a broker. Recently fee based planning service is becoming popular amidst the financial service industry.
There are both bee based and fee-only advisors. The fee based advisor collects commission and charges a fee. Fee only advisors only collect a fee which avoids some concern of conflict of interest as result of commissions or referral fees paid by other product or service providers.
The main purpose of the financial advisor is to plan and arrange with the client their financial affairs including:
Meeting long term financial goals
Retirement provisions for individuals
Tax treatment of investments
Asset allocation
Overall investor situation including the need for estate plans for individuals or various corporate needs for business clients
Financial advisors should understand the client’s financial circumstances and their need for financial stability. It is the responsibility of the financial advisor to minimize the client’s risk and maximize their money.
Individual Retirement Planning
Individual retirement planning is one of the responsibilities of the financial advisor when dealing with non-government or corporate clients. The financial advisor should have a good knowledge of asset allocation, forecasting, taxation, asset allocation, financial tools and products to reach optimal goals for their client.
The financial advisor has to meet regulatory guidelines. The financial adviser or stock broker should have the proper licenses to provide consultation on investment in securities.
 
 

 



 








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