financial-advisor

Vocabulary Word

Definition

A 'financial advisor' is a professional who gives advice on managing your money. This might involve choosing investments, planning for retirement or understanding insurance.

Examples in Different Contexts

In personal finance, a 'financial advisor' helps individuals manage their money, offering advice on savings, investments, and retirement planning. A financial advisor might say, 'I recommend diversifying your investment portfolio to manage risk more effectively.'

Practice Scenarios

Tech

Scenario:

The runway for our start-up is running short due to our current spending. What cost-cutting measures can we consider?

Response:

Absolutely, we need the guidance of a financial advisor to help us streamline our expenditure.

Academics

Scenario:

Our research budget is getting tighter, and we might need more funds to support our ongoing studies.

Response:

That's true. Meeting our financial advisor soon can help us find alternatives to fund our research.