Financial Consulting

Financial planning is a service that many people need. It can be hard to find the right firm for your needs, and it's often difficult to know if you're getting a good deal or not. I help individuals with their finances by providing them with personalized solutions to help them reach their goals in life. I believe that financial consulting should be done differently than most firms do it - more like an advisor who helps guide someone through what they have, how they want to spend money, and how much risk they are willing to take on. All of this in order to meet their personal objectives based on their unique situation. I would love the opportunity to work together with you!

Frequently Asked Questions

What is Financial Advisory Consulting?

Financial Advisory Consulting is a consulting service that offers consultative advice in order to guide and support people through some of the most difficult periods in their lives. Financial consultants may work with you on navigating your financial decisions, building a safety net, avoiding bankruptcy, etc. The consultative process also includes an accounting review for your records or online banking transactions which helps find errors and better understand your own personal finances. The adviser also assists individuals with asset management strategies while protecting investor assets.

What do Financial Consultants do?

Financial Consultants are the professionals in charge of advising clients on all their financial needs, such as completing an assessment to determine individual goals and planning for retirement. They help people plan for current day-to-day expenses, long-term goals like education and home ownership, and tax related issues. Financial Consultants typically have educational background in finance with a college degree--such as accounting, economics, or business--and many also have licenses in insurance.

Why Financial Consulting?

Financial consultants have a variety of services and skills to help people reach their financial goals. With the current economic climate, there are many difficulties in not only managing one's money but re-evaluating every aspect of how it is done. These skills include budgeting, mutual fund management, insurance planning, debt management and retirement planning.

Is it important to talk to a Financial Advisor?

Yes. Financial planning is the process of taking control of your financial future. It's a collaborative process that will help you identify, pursue and achieve your life goals through appropriate savings, spending, investing and risk management along with an appropriate insurance strategy. Being proactive in this area will allow you to sleep soundly at night knowing that tomorrow is taken care of!

How can one organize finances for a Small Business?

It is important for a small business to maintain accounts of income and expenditures. This will help the organization understand how money is coming in and out, which helps identify areas to monitor closely. For example, tracking invoices paid slow or late or paying late can all cause problems with cash flow. A separate account should be set up where funds are deposited before they're sent out as expenses so that there's enough cash for daily business functions and no surprise bounced checks.

A balance sheet shows assets (current & future, receivables due etc.), liabilities (short term) & equity (including share capital). The difference between the current value of assets and liabilities equals net worth (equity), which if negative indicates insolvency.

Who is the typical client for Financial Advisors?

Financial advisors tailor their expertise for different clients, typically focused on one of three areas:
1. Advice and Planning - provides advice and general planning for retirement saving, investment income, pensions;
2. Investment Management - manages investments through a particular product such as a mutual fund or stocks;
3. Insurance - sells primarily life insurance and some other types of supplemental insurance policies to protect the client's wealth in time of loss (death, disability).

Is advice from financial advisors unbiased?

Financial advisors serve on a number of different levels. Commission-based investments typically incentivize them to sell you the product with the highest commission rate. Fee based advisors have only your best interest in mind and are not trying to make money off of you. Conflict of interest does exist among financial advisors, but it is possible to find one that has no conflicts whatsoever - just be sure to do your research beforehand!

Is working with a Financial Planner worth it?

Working with a financial planner can be worth it for many reasons. First, individuals without adequate knowledge or education in the field of finance are at a disadvantage when making decisions on their own. A good advisor will work to close that knowledge gap and will empower you with the information needed to make more informed decisions about investments, savings etc. Additionally, most people don't have time outside of working hours to prepare and research all aspects related investing; this is what professionals like financial planners do for them. Finally, advisors can introduce clients to investment opportunities as well as other services such as insurance which might not be immediately available to them otherwise.

What are the benefits of Financial Advisory Services?

Financial advisory services have many benefits. They can be a wonderful resource for helping to set financial goals. Some people may need help with saving, and a financial advisor can provide assistance with that as well as creating spending plans and strategies for developing an emergency fund. Finding the right investments is also important, and some advisors help their clients make smart decisions about retirement investing in order to optimize their return. Finally, long term goals such as funding college education or making sure couples will have sufficient money in retirement may require thoughtful analysis of resources, suggestions on how to make smaller adjustments, or working through various alternatives so that future goals are met before it's too late.


Financial Consulting Services