Duties and Responsibilities of a Financial Consultant – Currently, there are so many financial and insurance service providers that open job vacancies with positions as Financial Consultant / Finance Consultant or Finance Advisor, but as an inexperienced Fresh Graduate you are often confused with the position of the Financial Consultant?
Role of Financial Consultants
Financial Consultants usually provide clients / customers with financial products and services, depending on the licenses they hold and the training they have. For example, an Insurance Agent may qualify to sell both Life Insurance and Variable Annuities. A Broker can also be a Finance Planner. A Finance Advisor can create a financial plan for a Client or Sell a Financial product, or a combination of both.
Both are between Advisor and Adviser, welcome and indicate someone who provides advice. According to one textbook, Advisor and Adviser cannot work with each other in the Financial Services industry, because the term Advisor is generally used “when referring to legislative actions and their needs and Adviser when referring to a practitioner. Since the practice of Finance Advisor is never described as an advisory practice, Advisor is preferable if not a legal reference.
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