Farah Collins

If you’re not an expert in money matters, choosing a financial advisor to manage your money life can be a tough decision. It’s almost impossible to know every financial arena well, because they can be so specialized. Estate planning is completely different from picking the right investments, for example. Managing a portfolio is different from crafting a monthly budget. According to Farah Collins , Here are six tips to help you choose a trustworthy financial advisor you can rely on. 1. Find a real fiduciary The legal guidelines around who is considered a fiduciary are muddy, at best. Currently, many advisors have to act in your “best interest,” but what that entails can be almost unenforceable, except in the most egregious cases. You’ll need to find a real fiduciary. 2. Check those credentials Consumers looking for financial advisors should also check their professional credentials, seeking out well-recognized standards such as chartered financial analyst (CFA) or certified fina...

A small business consultant advises businesses on ways to improve current processes and provides recommendations for processes to implement to improve business efficiency and performance. Consultants for small businesses can work independently or for a consulting firm to help businesses address challenges from growth, mismanagement or market changes. According to Farah Collins , Here is a list of duties for a small business consultant: Meet with business clients to learn about their consulting needs. Evaluate processes and status of a business. Perform business analysis using financial modeling. Advise on ways to improve processes and workflows. Offer advice on new processes to implement. Area of specialization for small business consultants Some small business consultants specialize in particular areas. Here are some examples of specialties you could pursue as a small business consultant: Marketing and public relations: Small business consultants with a specialty in marketing or PR ca...