A financial advisor is someone having a profession in finance providing consultancy, and advice in matters related to finance. They help individuals and companies in reaching their financial goals sooner by providing their expert opinions and favorable strategies that can help in creating more wealth, reducing costs, and eliminating debts.
Defining an individual’s attitude towards risk is very difficult since it depends on a significant number of factors. Therefore, a financial advisor may ask about things like an individual’s age, income, savings, debt record, and marital status, etc. to gather an understanding of what type of investment portfolio would be favorable for an individual.
Financial advisors are not only for individuals having good wealth seeking financial guidance, but they also assist large firms who have excessive amounts of money to invest and operate with. In the case of an individual, financial advisors can provide insight into how they can save more while building a decent wealth. It is frequently done by constructing a specific portfolio of investments that are well suited to the client’s attitude towards risk. Some clients are more willing to take on risk as the prospect offers a greater reward. On the other hand, there are those who find it more compelling to take little to no risk in return of a mediocre ROI.
A great financial advisor possesses exceptional knowledge of investments, savings, and wealth management along with excellent communication, and relationship management skills. To give financial advice, financial advisors must have some qualifications, and should also be aware of the rules and regulations pertaining to the financial industry. Having all the know-how along with the right strategies for implementation makes it easy for clients to reap the benefits by increasing their wealth. Ivan Illan has spent years in this industry advising multiple large and small enterprises allowing them to enjoy exquisite returns. It is undoubtedly one of the many reasons why he has been featured by Forbes.
Financial advisors provide clients with specialist advice on how to manage their wealth. Their role involves researching the marketplace, and recommending the most appropriate products and services available.
Over the past two decades, Ivan has directly raised and managed and AUM of a staggering $1 billion. He is currently serving as the Founder and Chief Investment Officer at a boutique wealth advisory firm. In addition to his financial expertise, he is also an award-winning author for his book, “Success as a Financial Advisor for Dummies.”
Ivan is an active member of CFA Institute (Society Los Angeles, Wealth Management League, and CFA Society New York), frequently interviewed, and published on topics related to capital markets and economic forecast. He has also been recognized as a Financial Times Top Financial Advisor, Five Star Wealth Manager Award, and an Investopedia Premier Advisor.