Frequently Asked Questions

What does a financial advisor do?2021-03-18T09:29:15+01:00

A Financial advisor is also known as Financial Consultant, or an Investment Advisor or a [Certified] Financial Planner, or a Financial Counselor.

A financial advisor is someone who helps an individual to create wealth, reduce expenses and eliminate debt. He meets with the clients in person to discuss their financial goals, to explain the types of financial services they provide, educates clients and answer questions about investment options and potential risks, he also recommends investment to clients or selects investments on their behalf. He helps clients plan for specific circumstances, such as education expenses or retirement. He also researches investment opportunities.

What are financial advisory services?2021-03-18T09:28:35+01:00

Valuation services – analyzing and examining every aspect of the assignment before reaching to the estimate of value, for the client to base such strategic decisions on sound criteria.

Development of Financial Models – funding and optimal financing models who help provide instant and accurate answers to the most complex investment and financing issues. This tackles value creation models that integrate the investment and financing decisions.

Risk Analysis and Management – ensuring a risk strategy is clearly set and risk appetite is defined and communicated; ultimately providing a secure framework for operations and control.

Feasibility Studies and Business Plan.

Deal Structuring Services – identification and initial negotiations with targets or potential buyers. Developing an understanding of financial structures, and forecasts for general economic.

What do financial advisory firms do?2021-03-18T09:27:12+01:00

Financial Advisory firms access the financial needs of their clients and provide them with professional investing advice for the short- and long-term. They can help their clients in their budgets, savings, stocks, bonds, education, expenses, retirement funds, tax advice, insurance, etc. Financial Advisory firms help to guide its clients on how to manage their assets and finance, plan on how to manage their funds. Although some financial advisory firms offer advice on a wide range of topics some specialize in areas such as retirement or risk management (evaluating how willing the investor is to take chances, and adjusting investments accordingly).

Why Financial Advisory?2021-03-18T09:26:26+01:00

If you’re going through any major life transition that may affect your finance, this could be anything from starting a family, receiving a sizeable inheritance or going through a divorce, then you need to see a Financial Advisor. For example, if you have kids, you need to start thinking about saving up for their school or college education and possibly passing on an inheritance. Financial matters can also be complicated and you will be needing the help of a financial advisor to guide you so that you won’t make a mistake because he has the investment expertise to help you make decisions in order to grow your money or business.

How can a financial advisor help me?2021-03-18T09:25:46+01:00

A Financial Advisor can help me through your financial situation and help you craft a good financial plan to ensure you make decisions that are in line with your larger financial goal. He can help me create an asset allocation that fits with my goals and adjust it as I get older or as my goals change. A Financial advisor can also help me protect my assets

What is Financial Planning?2021-03-18T09:23:10+01:00

Financial Planning is the process of estimating the capital required and determining its competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

Why Do I Need to Plan My Finance?2021-03-18T09:22:29+01:00

Here are ten powerful reasons why financial planning – with the help of an expert financial advisor – will get you where you want to be.

Income: it’s possible to manage income more effectively through planning. Managing income helps you understand how much money you’ll need for tax payments, other monthly expenditures and savings.

Cash Flow: increase cash flows by carefully monitoring your spending patterns and expenses. Tax planning, prudent spending and careful budgeting will help you keep more of your hard-earned cash.

Capital: an increase in cash flow, can lead to an increase in capital. Allowing you to consider investments to improve your overall financial well-being.

Family Security: providing for your family’s financial security is an important part of the financial planning process. Having the proper insurance coverage and policies in place can provide peace of mind for you and your loved ones.

Investment: a proper financial plan considers your personal circumstances, objectives and risk tolerance. It acts as a guide in helping choose the right types of investments to fit your needs, personality, and goals for you.

What is the Process Involved in Financial Planning?2021-03-18T09:21:25+01:00

The financial planning process is a logical, six-step procedure:

(1) Determining your current financial situation

(2) Developing financial goals

(3) Identifying alternative courses of action

(4) Evaluating alternatives

(5) Creating and implementing a financial action plan, and

(6) Reevaluating and revising the plan.

What is Asset Management?2021-03-18T09:20:27+01:00

Asset management refers to a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks and performance attributes).

Why is Asset Management Important?2021-03-18T09:16:05+01:00
  • Allows the company to keep track of all assets. Asset management allows the organization to keep track of all their assets. It can tell where the assets are located, how they are used, and when changes were made to them. The data from the asset management solution can ensure that asset recovery will lead to better returns.
  • Manage assets from different locations in an accurate and effective manner. The company can easily create an inventory report that might be required by some insurers or lease financiers.
  • Asset management can also be used to make sure that the amortization rates are accurate. Regular assessments of the assets will ensure that the financial statements of the business are accurate.
  • Asset recovery is automatically reflected in an asset management system. Once assets are scrapped or sold, the said assets will be removed from the records and books of the business. Related assets, such as consumables and spare parts, are written off or sold to free storage space.
  • You can save money on maintenance. During the operational phase of the lifecycle of the asset, a company can face under maintenance or over maintenance problems. Maintenance is a business expense that can cut into the profits of the company. Overdoing it can bring significant costs. On the other hand, under-maintenance can lead to reduced productivity.
How does Asset Management work?2021-03-18T09:13:46+01:00

Client portfolios are managed by asset managers who consider their unique circumstances including preferences and risks. Asset Mangers consider and provide solutions to clients based their income needs, tax circumstances and liquidity expectations (financial expectations). Decisions can also be made based on a client’s personality, moral standing, ethical inclination and even religious beliefs. Basically, decisions are tailor-made for the clients.

Who is an Asset Manager?2021-03-18T09:12:47+01:00

An asset manager is simply one who holds your money. They have studied history and happenings and can say which assets would be a wise asset to invest in and what to expect. He/she determines what investment to make, or avoid capable of growing a client’s portfolio.

Is Asset Management the same with Investment Management?2021-03-18T09:11:27+01:00

These are two different things:

 Asset Management connotes something more passive: a custodial and care-taking function over assets under administration – for example, the management of physical plant and equipment is asset management. To apply this term to fund management or discretionary management of financial portfolios is inappropriate while Investment management connotes something more active: that is, discretion as to the investment decision. This means the action of deciding whether to buy, sell or hold the asset. – Source: wallstreetoasis.com

Why is Asset Management important?2021-03-18T09:10:02+01:00

A few reasons why asset management is important include:

  • Asset tracking
  • Saves you money on maintenance
  • Increased productivity
  • For a business, proper asset management helps you stay ahead of your competition/competitors
  • It helps optimize operations such as planning, resource use, etc.
Difference between Asset Management and Wealth Management?2021-03-18T09:07:46+01:00

Asset management is basically concerned with growing clients’ money while wealth management is concerned with the overall health of the clients’ financial situation and ensures that the wealth is sustained for a long time.

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