What is a financial advisor?
A financial advisor is responsible for providing financial advice or guidance across a variety of areas. They can advise businesses on services such as investment management, tax planning, portfolio management and insurance products. Essentially, they are a companies ‘one-stop-shop’ for all matters financial.
A financial advisor’s duties and tasks can include:
- Providing financial planning advice
- Preparing, validating and checking the accuracy of financial plans
- Offer subject matter expertise and advice to the business
- Assisting companies in managing finances and advising on investment planning to help meet their financial objectives.
These advisory tasks are particularly well-suited to being outsourced as they are repetitive and rules-based, requiring a high level of attention to detail. By sending these finance tasks to an outsourced financial advisor, organisations can free up their local finance teams time to focus on performing value-add, revenue generating work.