Financial Consultant: What They Do and Why You Need One

What is a Financial Consultant?

A financial consultant provides personal finance advice and guidance to help individuals meet their goals and overcome obstacles along the way. Think about making investments, saving for college, retirement planning, insurance, and crafting long-term plans.

Financial Consultants vs. Financial Advisors

Financial advisors help break down the financial situation of individuals and make plans, financial professionals holding themselves out as financial consultants may be better placed to help with more specific tasks and strategies.


Financial consultants (and advisors) can have different specializations, meaning they’re better equipped to help with some needs more than others. If you know you need help preparing for retirement. Of course, they’ll still be able to offer some insight into other areas — don’t expect the same level of detail in their answers.

What Do Financial Consultants Do?

When you first arrange to work with a financial consultant, it generally involves at least two appointments: one where the consultant tries to get an overall understanding of your goals, and another where they may begin to offer specific advice.

How Can Financial Consultants Help You?

Still not sure whether hiring a financial consultant is the right move for you? Don’t let your uncertainty risk keeping you from getting the guidance you deserve. There’s never a bad time to start taking your finances seriously, so even a free introductory call with a financial consultant may be well worth your time.

How to Find a Financial Consultant

A great place to start is, a website dedicated to helping people find the right financial professionals and resources for their individual needs. You’ll find directories for financial advisors and coaches, plus hundreds of personal finance blogs and podcasts worth exploring.

Financial Coaches

A financial coach will focus on your day-to-day money habits like budgeting, debt, and saving to help you identify which habits need to change to reach your bigger goals, then supports you while you work toward that change.

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