3 Crucial Quality of a Successful Financial Advisor

Identifying the task of an effective accountant and that of a professional financial advisor implies, first of all, knowing how to explain the difference between managing and planning.

In fact, many financial managers have a broad knowledge base that includes some idioms and fiscal planning strategies, but the problem is that many end up concentrating on that and not on what should be their strategic work for an organization.

Advantages of having a financial advisor:

To comply with the goals proposed in the financial planning you must know what is the way to take and what you need to travel it. You can also take help from any expert from financial sector like Sean St John of National Bank who has many years of experience in the banking and financial industry. Sean St John Toronto, executive vice president and co-head of fixed income, currencies and commodities at National Bank Financial in Toronto, has been successful due to hard work and dedication.

What the Financial Advisor should do?

  • Its objective is the formulation of strategies to draw up an intelligent fiscal strategy that allows planners to concentrate on the use of resources, profit margins and investments.
  • If your company is still small, an accountant can also help you identify great opportunities.
  • Are you depreciating all the right assets in the most productive way? Is your business structure good in the medium and long term?

These are some of the topics in which a financial advisor can help you:

  • Tax preparation
  • financial statements
  • Depreciation
  • Breakdown of expenses
  • Tax laws and how they affect you
  • Recommendations and business structure advice
  • Business growth and succession strategy in tax matters
  • Audit representation
  • Accountants generally charge an hourly rate for their advice. In general, you have to be specific about how you want him to help you.

What a financial advisor expert should do for you?

  • If accounting has to do with taxes, then financial planning has to do with investments.
  • Similar to accountants, financial planners are experts in their field and know how to identify opportunities that you cannot see.
  • Have you thought about how the dynamics of your family would affect your company in case of an emergency? What is your succession plan in the company? Are you really investing within your comfort zone? Are you maximizing your opportunities for growth?

These are some of the things that your financial advisor will focus on:

  • How to define budgets in my company
  • How to decrease financial risk
  • Investments (short, medium and long term)
  • Interest rate on financial planning
  • Assignment of assets
  • Estate planning of partners
  • Insurance and hedging planning (for shareholder protection)
  • Anticipate changes in the industry that affect you (type of change in financial planning)
  • Design of new structures and new business strategies (derivative products in financial planning)

What to look for in a financial advisor?

  • The best way to find a professional financial adviser is through people you trust.
  • Everything starts with a meeting to get to know your whole situation, both personal and professional.
  • Then, define the most suitable form of payment for both parties.
  • Make sure the contracted professional is familiar with the legislation that applies to your situation and industry.


  • Irfan Haider

    Digital Marketer, Entrepreneur

    Irfan is a Digital Marketer with a entrepreneurial vision. His Aim is to Help Business to Increase their Online Visibility On Google and other Search Engines. Irfan is working in this field from last 3 years and he is well aware of all recent and past Google Algorithms by which he use to write blogs on different niches likes Technology, Business, Finance and etc.