Outsource Financial Advisors

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.

Financial advisors and planners are one and the same; a financial advisor is a broader term used to encompass investments and portfolio management. They both help companies create programs and plan to meet long-term financial goals. To do this effectively, there are specific and key skills financial advisors require.

Outsourcing providers recruit financial advisors the same way an internal, talent acquisition team would. Essentially, they ask the same questions to understand whether these offshore candidates would be able to provide the level of quality required by Australian organisations:

What experience and knowledge do you have interpreting complex financial data and reports and explaining your findings to stakeholders in a simpler way?
What are your negotiation and influencing skills like?
How do you ensure excellent communication and uphold customer service while taking into account client confidentiality?
What active listening techniques do you use to ensure you collect all relevant information pertaining to future financial plans?
Provide an example of how you showcased a high level of accuracy and attention to detail.
What financial planning systems are you familiar with?

In terms of qualifications, a higher education degree or certificate in accountancy, business management or financial studies is desirable. Financial advisors require high level numeracy skills and IT knowledge as they are constantly interpreting financial data. Previous customer service experience within a financial institution is preferred due to the transferable knowledge accumulated in these roles.

Benefits of outsourcing financial advisory services

Organisations are able to appreciate the added benefits that come from offshoring outsources financial advisors duties to the Philippines, including:

Increased employee satisfaction

Give your local team peace of mind by relieving them of any unnecessary tasks and sharing the workload with an offshore team or team member. This will help increase employee satisfaction within your business. With your financial advisor team able to focus on what they were hired to do, you can expect to see a positive change in your working atmosphere.
Cost savings

Hiring local staff can prove very costly to an organisation. Hiring an offshore team member that can assist your local team with routine offshoring outsources financial advisor tasks for a fraction of the price will help you control costs in your organisation, saving up to 70% when compared to hiring locally.
Business growth

Hiring full time offshore offshoring outsources financial advisors can help increase profits and supercharge your business growth. By adding extra capability through an offshore team, your local employees will have additional capacity to take on more work and grow your business sustainably.
Efficiency increase

Sending daily, time consuming, repeatable financial advisor tasks offshore will allow your local team to take on more work. By sharing the workload between your onshore and offshore team, you will notice a drastic increase in efficiency and productivity within your organisation.

What are the costs associated with hiring an offshore financial advisor?

Outsourcing your financial advisory to the Philippines can represent significant cost savings of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing your business. This monthly fee covers everything: including infrastructure, security, recruitment and training, management and staff benefits.

For more detailed information on costs, please arrange a business consultation so we can tailor a solution to your business needs.

Outsource financial advisors to the Philippines

What is a financial advisor?

What key skills and qualifications make a great financial advisor?

Benefits of outsourcing financial advisory services

What are the costs associated with hiring an offshore financial advisor?

The Beepo advantage

Resources to kickstart your offshoring journey