Bus. Fin. Advisor: What’s Their Role?

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A commercial financial advisor helps companies manage their money and assets, setting financial goals and evaluating funding and profit projections. They may work in-house or independently and must have expertise in mathematics, economics, accounting, and investing.

A commercial financial advisor provides guidance and advice to a corporate entity or organization. Similar to a personal financial advisor, a financial advisor helps the company decide what to do with its money and assets. The business consultant simply does it on a larger scale than a personal consultant, as most businesses have more money and assets to manage than individuals.

Some companies have in-house or full-time financial advisors. In these cases, the company’s financial advisor will work full-time with that particular company. He often has a high degree of responsibility, working directly with executives, including the CEO and CFO, to help a company determine what financial decisions to make. In large companies, there may be several financial advisers for different departments, who work with different department heads.

Small businesses may not be able to hire a full-time financial advisor or may not have a need for such a position. As a result, some financial advisors work independently. They may be self-employed and recruit clients or work for consulting firms or wealth management firms. These financial advisors are called into a company as needed to provide financial advice and guidance. They may work with several different companies and are paid an hourly rate, sometimes supplemented by commissions, depending on the situation and the nature of the relationship.

Regardless of the type of work a commercial financial advisor does, he or she generally has some common responsibilities. First, it must help a company set and evaluate financial goals. For example, it can help a company set profit targets for how much cash is needed to remain financially viable. It can also help with asset allocation, investment allocation, or evaluating funding and profit projections for a particular product. The extent of his responsibility will largely depend on the type of company he is working with, the size of the company and the amount of assets a company needs to work with.

It is common for a commercial financial advisor to help a company determine where its financial problems stem from and help the company identify areas for improvement in its financial picture and balance sheets. He can also help prepare business plans or financial information disclosures. In all cases, a financial adviser must be well-versed in the principles of mathematics, economics, accounting and investing.




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