5 Top Tips for Choosing a Financial Advisor for Your Business

5 Top Tips for Choosing a Financial Advisor for Your Business

Hiring a financial advisor for your business is a wise move for your business, especially at the moment when great financial management is more important than ever, given the recession. But with so many financial advisors out there, how do you know which one is right for your business? Here are five top tips to help you choose a financial advisor who will transform your business and ensure that you achieve your goals.

1. Check their credentials

The first step is to check that your potential financial advisor is qualified and credentialed. There are many financial advisors who are not qualified, so this is an important step.

Some financial advisors may have a degree in finance or accounting, while others may be certified financial planners. Make sure you check their credentials to ensure they are qualified and actually know what they’re talking about.

Unfortunately, just about anyone can get online and claim to be a financial advisor, but not everyone has the qualifications to back it up!

2. Social Proof

Reviews and testimonials from other happy clients are a great way to gauge whether or not a financial advisor is worth working with.

Look for social proof in the form of positive reviews on their website, or see if you can find any testimonials from other businesses they have worked with. Don’t be afraid to contact said businesses to ensure that the reviews are genuine. This will help you get a feel for whether or not they are reputable and actually deliver on their promises.

3. Free Consultation

Most good financial advisors will be more than happy to offer a free consultation. This doesn’t just benefit you; a good financial advisor won’t take on a client if they don’t feel that they are the right fit. Be wary of anyone who wants to work with you without even speaking to you first.

During the consultation, be sure to ask plenty of questions and get a feel for their financial planning process. This is your chance to really get to know them and decide if they are the right fit for your business.

4. Make Sure They’re a Specialist

Working with a specialist has huge benefits for your business. They will have a wealth of experience and knowledge in their specific area, which means they can provide you with tailored advice that is relevant to your business.

A specialist will also help you to benchmark your business and understand how you’re faring in the context of your industry. Metrics such as costs, revenue and profit margins vary hugely from industry to industry. What might be a poor profit margin for one industry could be a big success for another sector, and it’s important to work with a financial advisor who understands this. Otherwise, you could end up making decisions based on inaccurate information, or losing confidence because you think your business is performing worse than it actually is.

5. Chemistry Matters

It’s important to like and trust your financial advisor. After all, you’ll be working with them closely and entrusting them with sensitive information about your business.

You should feel comfortable communicating openly with your financial advisor, and you should feel confident in their ability to help you achieve your goals. If you don’t gel with them, it’s probably not going to work out!

Final Thoughts

Choosing the right financial advisor for your business is critical, and it can be difficult to know where to start. By following these five top tips, you’ll be well on your way to finding a financial advisor who can help you achieve your goals. Remember that this is a significant investment, and one that will pay off extremely well if you make the right decision, so choose wisely.

Book a free consultation here, to discuss your needs and how we can help you transform your business.

Did you know we’ve also got a free downloadable eBook dedicated to the most common profit draining mistakes made by small businesses. Check it out here.

4 Reasons to Hire a Financial Consultant/Advisor

4 Reasons to Hire a Financial Consultant/Advisor

Whether you’re running a small business, or your company is struggling to thrive in this tough economy, knowing the best way to spend and save money can be difficult. This is where a financial consultant/advisor comes into play. A skilled professional can review your current financial situation and provide insight on how you should allocate funds for the future to help you reach your goals.

Overview: What Does a Financial Advisor Do?

A financial consultant/advisor can help you budget, forecast, and save money for your business. They look at the big picture to determine how much capital is necessary to keep operations running smoothly. In addition, a financial planner will look at your company’s goals and determine which path is best to achieve long-term success.

1) Make Your Business More Profitable

A financial consultant/advisor can help you improve the bottom line of your business in a variety of ways that allow you to achieve long-lasting success. First, they will assess how profitable your company is at this point in time, and then look at ways to maximize earnings moving forward. This might involve adding lucrative new products or services, updating your current offerings, or revamping your marketing campaigns. You may think you’ve done everything you can to maximise profitability, but often you’re too close to see the bigger picture. It’s surprising just how much light can be shed from an expert outsider’s perspective.

2) Save Time

Many business owners learn how to handle their finances the hard way – by going bankrupt. Fortunately, you don’t have to waste years on trial and error. When you hire a financial consultant/advisor, you can skip all of these costly mistakes and failures and instead use their expertise to fast-track your business towards financial success.

3) Plan for Growth

A financial consultant/advisor can help you prepare for growth and expansion within your company. This could mean hiring top talent, making your processes more efficient, establishing new office locations or marketplaces, and helping you to mitigate risks. Growth often causes financial difficulty for business owners, but the right consultant/advisor will guide you through the process so that you are able to maximise all of the opportunities available to you and preserve the financial health of your company.

4) Personal Finance

When you spend all of your time worrying about your company’s finances, it’s easy to neglect your own. However, a financial consultant/advisor can work directly with you and your family to set up a comprehensive plan that includes the entire scope of your finances. This might include investments, retirement planning, estate planning, insurance policies, budgeting, and tax preparation. A skilled professional will provide advice on how to make wise decisions in each area so that you’re able to achieve financial success.

By working with a highly skilled advisor, you’ll be able to make confident and informed decisions about your future. You can take care of long-term planning that ensures the stability of your family while also protecting your business from potential risk factors that might arise in the years ahead.


Hiring a financial consultant/advisor can be one of the best investments you make for your business. A skilled professional will help you determine how to allocate funds, forecast future earnings potential, and save money for unforeseen expenses while also preparing your company for growth. By working with a financial consultant/advisor, you’ll be able to maximize your profits and save time so that you can focus on what matters most – running your business.

Book a free consultation here, to discuss your needs and how we can help you grow.