Financial Advisors

Financial Advisors Meaning:
In financial terminology, the term Financial Advisor or Financial Adviser refers to an individual skilled in financial planning. Such a professional will often assist their client in allocating risk according to asset classes that will be appropriate for their unique situation.

For example, the first step a Financial Advisor will generally take when attempting to assist a new client might involve reviewing their client’s overall financial situation. This broad review would include such things as their: current and future cash needs, how much they might need to borrow, what assets they have available to them, what costs they will need to cover, their tax situation, and their overall investment goals. At this point, the Financial Advisor should be able to help their client plan such things as: how to balance their investment choices optimally, what level of risk would be appropriate for them and when taking capital gains would make sense given their personal situation.