The term advisory refers to a range of consulting services provided by Chartered or Certified Accountants (ACA/ACCA/CPA) and other financial advisors to businesses and high net worth individuals who require specialized advice on capital formation, cash flow and wealth management. Financial Advisors develop findings, conclusions and recommendations and then present them to the clients for consideration and decision making. Advisory clients pay fees based on services provided or as a percent of assets under management.
There are a lot of types of advisory services. Some of them are business advisory, risk advisory, and financial advisory.
Business advisory services advise current and future businesses prospects of a client, with the aim of advancing their business or company. This service is used by all types of businesses and would involve examining the legal, tax, finance, market and risks factors involved to start up a business or making new changes to the business. Business advisory services are given by organizations with experience in company formation.
Risk Advisory Services is an independent risk management and insurance consulting practice that provides advice and assistance to corporate and government organizations to improve and manage their risk management, general insurance and workers compensation arrangements. In general, risk advisory services help you to reduce risk when everything seems uncertain.
Financial advisors can provide many different services, such as investment management, income tax preparation and estate planning.
Market conditions are forever changing and businesses need to adapt to keep up. Maybe your business wants to acquire or integrate with another business or you need to expand to increase production or even just a restructuring of the business is required. Financial reporting, the improvement of processes or access to more of your cash are extremely helpful tools to aid and improve your business.
The highly-trained professionals in our Financial Advisory Services team will supply specialised, objective financial advice that you need to clearly understand your options, recognise opportunities and limitations and to plan for future growth and expansion.
For more information and/or advice, please contact us via email at [email protected]