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 wealth management, a 'financial advisor' provides tailored financial planning and investment strategies for high-net-worth individuals. A wealth manager might state, 'Our approach focuses on optimizing your wealth for long-term growth while minimizing taxes.'

Practice Scenarios

Customer-Service

Scenario:

I'm looking for ways to secure a financially stable future. Any thoughts on investments or saving schemes?

Response:

Great idea. Let's bring in a financial advisor to provide expert advice on the best saving schemes and investment options.

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.