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A financial consultant is a professional who specializes in working with businesses, financial organizations, governments, and individuals to help them achieve the greatest possible income from investments, such as stocks, bonds, insurance, and trusts. There are a number of different financial consultant careers for individuals who have a background in investment management and related fields. These careers include working with larger financial consultant firms, as well as practicing as independent consultants. Professionals in this field are either paid by commission or may also operate on a fee-based plan in which they are paid for each consultation session.
Financial consultant careers can include opportunities to work for a larger organization or firm. In these instances, a firm might hire a number of different consultants who work individually or in teams with specific clients. Firms might specialize in one kind of client. For example, a firm might offer services to individuals who need help managing their investments and insurance policies for the greatest degree of income and security. Others might specialize in working with large businesses and even governments in maximizing the value of assets and advising the development of plans regarding growth and risk management.
A number of professionals who have financial consultant careers choose to practice independently. They might work with a number of interns or assistants. In some cases, professionals who choose to go this route might go into business with several other consultants in order to increase the number of clients they can handle. Due to the smaller size of these operations, clients tend not to be as large and may be limited to regional clients, including individuals who are in need of investment advise and local businesses that want to expand their operations. Consultants who work independently many times have strong backgrounds and years of experience in this field that make them more appealing to potential clients
Most individuals who pursue financial consultant careers have educational backgrounds in finance or economics. While degrees and certifications are not normally required in order to work as a financial consultant, many individuals who are interested in financial consultant careers choose to study in related degree programs in order to learn about the complex terminology, methods, and principles that make up of the world of financial investment. A degree or evidence of training in this field can also make aspiring professionals much more appealing to potential employers and clients who want to be assured of the proficiency of a consultant.