Variation involving Financial Advisors and Financial Analysts

BY:MOHAMMAD WAHID ABDULLAH KHAN

Summary: When someone uses a Personal Financial Advisor there is repeatedly a fee connected with the use of their services. Habitually times however the fee is principally outweigh by the monetary gains one notices from the advice they accept.

Introduction: The financial advisors and financial analysts pursue a certain operational procedure. Prior to providing any proposal at all, these specialized build up significant financial information about their customers and accordingly go during these data. They examine the information that has been together and try to find out the precise monetary status of their customers. Based upon this investigate, the financial advisors and the financial analysts make their suggestion

Variation:

Even though the financial advisors and financial analysts perform approximately the same purposes, there is a convinced level of Variation involving them, as well. The difference lies in the investment information that is provided to them, as well as in their professional associations with the investors. The financial advisors are more exact in their loom, as well as the content of their work, but, the financial analysts are more wide-ranging in a intelligence. The work picture is much broader for the financial analysts in assessment to the financial advisors. Following in explained Variation involving Financial Advisors and Financial Analysts

01. Financial Advisor:  A financial advisor characteristically offers financial advice to both individuals and corporations. A typical financial advisor could offer persons guidance on trust/estate planning, investments, etc... They would meet with clients on an individual basis and recommend scenarios based on unique wants and needs. A monetary advisor needs to know the products and services their company offers that would best be utilized by an individual or corporation.

01. Financial analyst: A financial analyst characteristically works after the scenes to provide the advisor the financial data he/she needs in order to offer the correct product/service to the customer. For example, in my institute I meet with the client face to face, listen to their unique needs and recommend products and services designed to solve problems/save money/time, etc... The analyst would have worked in the "back office" to help develop those products, or "underwrite" risk, etc as a speculation banker, an analyst would provide me with industry research,

02. Financial Advisor: Aside from asking friends and family for referrals, professional organizations like the Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA) can help you find an adviser. When choosing a financial adviser, it's significant to ask if they have any FINRA licenses or official credentials.

02. Financial analyst: Certified Financial Planner (CFP), chartered financial analyst (CFA), chartered financial consultant (CFC), and registered investment advisor (RIA) are good indicators of an advisor's qualifications.

Conclusion: There are issues of client responsibility, as the consultant either tied or independent has a moral duty to achieve this for customers. Best advice is difficult to achieve if the advisor is not independent; therefore a type of cooperation exists where a tied or multitude advisor must recommend the most appropriate financial product accessible to suit their client’s needs, even if a more suitable product is available in the market place.

About the Author

MOHAMMAD WAHID ABDULLAH KHAN

S/O MOHAMMAD SAADULLAH KHAN

Dhaka, Bangladesh

Home page:

Mr. Mohammad Wahid Abdullah Khan is the Chief financial officer (CFO) of Orient Polymer Group (former Project director of “Max Textiles Ltd” from May 2010 to March 15, 2011). Prior to that he had completed over ten (10) years in various fields of Business like - Accounts, Finance, Internal & External Audit, project budgeting and project costing related positions in some of the largest group companies & the join venture companies in Bangladesh.

He consults about small- medium business owners and services professionals, business consulting service and project process. He is most experience in Financial Risk Assessment, Financial analysis, Financial Advising and Project Cost Analysis. He is a co- author of “The complete performance management”, Mr. Khan has written more than 200 articles & case studies which have published in different international journals. Such as Business, finance, personal finance, international finance, auditing, Risk assessment topic and performance & industrial related,

Mr. khan’s most popular articles is  “WAK” Model - The way of best solution for an organization internal audit process,( 1st,2nd,& 3rd part)  “WAK” Model”- for successful financial resource , “Wahid khan”- cost analysis, Wahid theory – the key of dynamic series for successful financial consulting, Wahid techniques – the Significance and dependability manner for Performance audit(1st,2nd,& 3rd part) Wahid’s Opinion - non-conformity among the performance audit and financial audit, Wahid’s view- The cogent task and the confront of financial/economic analysis in the modern business decision making , Wahid’s outlook - The Business Financial Analysis Should Be Included several required Documents with the analysis report or plan, WAHID’S JUDGMENT- difference strategic plan as opposed to an operational plan ,WAHID’S METHOD– the charismatic and fruitful guideline for financial investment decision making ,WAHID’S MEASURE - the influential and evaluated of similarity between profit & non- profit business planning & Wahid’s philosophy- The examined & careful consideration of strategic planning against business planning, Planning ,programming and budgeting system Models (PPBS Model)

He has consulted with more than 35 service & product companies, in recent years Mr. Khan has been spending most of his professional time for financial consulting, Mr. Wahid khan is the owner of “WAM Associates” and “WAK business solutions

Source & published: articlesbase.com

N: B- This services has given by Mohammad Wahid Abdullah khan