What does an investment consultant primarily do?

An investment consultant primarily focuses on providing clients with a comprehensive range of investment products, advice, and planning tailored to their individual financial goals and circumstances. This role involves assessing clients' financial situations, understanding their risk tolerance, and recommending suitable investment strategies and products that align with their objectives. Investment consultants often help clients navigate various investment options, including stocks, bonds, mutual funds, and other financial instruments, ensuring that they make informed decisions that could lead to wealth accumulation and financial security.

In contrast, overseeing the daily trading of stocks is a more active trading role typically associated with portfolio managers or traders, while managing corporate investment portfolios focuses specifically on institutional clients rather than individual investors. Conducting audits on financial statements pertains to accounting and compliance, which is outside the typical responsibilities of an investment consultant. This distinction highlights the broader and advisory nature of the consultant's role in guiding clients toward their financial aspirations.