Every company makes transactions. The money comes in and goes out on a daily basis. The accountants usually keep a record of all the transactions made by the business. They record all the transactions in their computer and match all the receipts and the payment slips to avoid any fraud in the business. The accountants are in a position to keep a record of all the transactions but they are never concerned about how and when these transactions are made. All the companies think that they need the accountants only. They need think that the accountant can complete and understand all the transactions. However, there are individuals who deal with transactions and their importance, they are called the investment advisors. Both accountants and investment advisors deal with money on a daily basis, both the professionals have extensive financial training.
All the companies need an accountant, but they need financial advisors as well. The financial advisors are very important to every business that wants to see the light of success. This is why a company needs an investment advisor.
1) Financial position
The accountants are needed to prepare the financial position statements for a business. They prepare the record of the financial position of a particular business. The investment advisors consider these statements for the future investments of a business. They keep a record of these statements and consider every decision a business wants to make. They check the financial position of the business and suggest if the investment can be made or not. A business might have a lot of cash in hand, but the cash might be needed to pay for future liabilities, so these advisors will check the availability of the cash and make a suggestion accordingly.
2) The worthiness of an investment
Not every investment is worth the money. There might be something that is not worth your money and might give negative results. The investment advisors will utilize their knowledge to analyze the investment and give a suggestion accordingly. In most cases, their suggestions prove to be helpful for the companies.