Financial Consultant: What They Do and Why You Need One

Overwhelmed with your finances but don’t even know where to start with getting them in order? If you’ve found your way to this article, you might be leaning towards hiring a financial professional.

A financial consultant provides personal finance advice and guidance to help individuals meet their goals and overcome obstacles along the way. Think about making investments, saving for college, retirement planning, insurance, and crafting long-term plans.

What does a Financial Consultant do?

While financial advisors help break down the financial situation of individuals and make plans, financial professionals holding themselves out as financial consultants may be better placed to help with more specific tasks and strategies.

When you work with a financial consultant, it generally involves two appointments: one where the consultant tries to get an overall understanding of your goals, and another where they may begin to offer specific advice.

You might be wondering exactly how to find one and what to consider. A great place to start is wealthtender.com, a website dedicated to helping people find the right financial professionals and resources for their individual needs.

Where can you find a Financial Consultant?

Online vs. in-Person

When it comes to making such huge decisions about their finances, most people would prefer to meet someone in person to advise them. Finding an online financial consultant can also be a great choice for anyone who lives somewhere more remote.

Financial Coaches

A financial coach will focus on your day-to-day money habits like budgeting, debt, and saving to help you identify which habits need to change to reach your bigger goals, then supports you while you work toward that change.

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