How to Choose the Right Financial Consultancy for Your Business?

1. How to Choose the Right Financial Consultancy for Your Business? In the midst of daily planning and annual targets, what businesses tend to ignore is the importance of the right financial and legal consultancy. Asset management, tax compliances, advisory are some of the key areas for any business. Whether it is large scale or medium scale business – all businesses require a comprehensive and well-thought out strategy en compassing all facets of business. Let’s take an objective look at what you need to look at when hiring a financial consultancy. Credentials As obvious as it may sound, what most businesses forget is to check the credentials and reliability of their financial consulting firm. Since businesses rely primarily on word of mouth or referrals, checking the foundation of a financial consultancy doesn’t make it to the to-do list. Always check the credentials, registrations and licenses of your potential financial firm as well as the top management. This could include licenses by the top national body or individual licenses. Attention to detail In all probability, the first meeting with a potential financial consultancy will be focused on your business and steps that can be taken to drastically improve processes. However in order to make the process

2. foolproof, it would be wise to discuss with the prospective financial consultancy specific steps they will take to ensure maximum growth. Fiduciary or not In general, fiduciaries have a duty to act in the best interests of the client – this is the key difference between brokers and fiduciary financial advisors who work on fee basis. Ensure that your financial advisory is fee based as opposed to one time consultants – this will not only ensure that your business is secured but will also bring in continuity for holistic growth. Transparency The first rule for all financial advisories is transparency. If a financial consultancy is not transparent with you, that is big warning sign. Ensure that the financial advisory’s top priority is that your business is risk free, is following all compliances and is adhering to stated rules. As a financial consultancy, we ensure that the needs of our clients are top priority and we focus on transparency, compliances and a risk free environment. Reference Blog: https://www.ascgroup.in/how-to-choose-the-right-financial-consultancy-for-your- business/