subject: The Financial Advisors Doctors Of Fiscal Health Of A Business Entity [print this page] The financial advisors of huge firms and corporate big-wigs are constantly helping in the fund management and other related issues. The task assigned to the financial consultant is to manage and build the assets of the organization and chalk out a strategy to efficiently use the funds. Some companies and corporate honchos have been foolhardy enough to not solicit the help of an expert to do the critical task of financial planning India. In the past, the job of the financial advisors was generally restricted to buying and selling of the stocks. But with the passing of time, the job of the financial advisors encompasses many functions such as financial planning and investment advisory.
These financial planners take a holistic view of the fiscal needs of the organization. These financial planners have the capacity of managing the capital management. Many times, the title of wealth managers is also used to denote the financial managers of the organization. Financial planning in India requires the facilitation of the financial transactions and also counsels the clients on varied investment opportunities. The financial planners not only enhance the risk taking capacity of the firms and HNWIs, but also guide them on the path of attaining financial excellence. The arduous task of portfolio management is also assigned to the financial managers, who design the investment plan of the business entities. These wealth managers are significant cog, which ensures the proper and smooth financial mechanism of the business entity. These financial managers have in-depth knowledge about the subject (Financial Planning and Management), owing to which, they can easily undertake the daunting task of decision-making in critical times. A financial manager must be confident and an excellent communicator, who has the capacity to easily deal with the failure of the client. He should exhibit the zeal of resurrecting the clients, who have fallen in the pit of financial crisis. The financial advisors must take into account diverse departments of the organization, such as Sales, Human Resource, Marketing, Admin, etc. and work in coalition with these departments, so as to ensure smooth and efficient functioning of the organization, as a whole.
To guarantee unlimited earning potential of a firm, the owners must give full autonomy to the financial managers to act prudently with fund allocation and acquisition. Some owners and other corporate bosses do not like prospective of unlimited financial power assigned to the wealth managers, but it must be done in order to assure 100 % success and of the firm. Moreover, these wealth managers make certain that the financial lubricant must never abate and smooth and hassle-free functioning of the organization must take place; but all of these financial services come at a pocket-pinching price.
