Sometimes you need direction to see the light at the end of the tunnel whether it’s around investing in the stock market, real estate or anything else and all questions can’t be answered internally, which is why investors ranging from high-net-worth individuals and family offices to global institutions bring in outside help (consultants) to remove the blinders.
The Practical Contrarian was founded to solve these challenges and it’s interesting to see how demand has increased over time as well as truly understanding the roadblocks institutional investors face.
After guiding a variety of companies, below are some of the common questions we’re seeing recently around identifying the top financial consultants along with our thoughts:
How much does it cost to have a financial consultant?
The cost of a financial consultant varies like everything else in life, and as the classic saying goes “you get what you pay for” so while top family offices are looking for the best financial consultants where a $100k/month engagement can lead to $25M in returns, or a $1M/month consulting engagement for a multibillion dollar hedge fund can generate 10X returns, the smaller fish are still trying to catch up and just don’t have the funds to support that growth.
Finding the best financial consultants for you: How?
Looking at the above question about the costs of hiring a financial consultant, the second element is around finding the best consultant that’s aligned with your goals in the short-term and long-term and has the ability to execute on them, which is the most important/difficult part of the equation.
Are financial consultants worth it?
In a nutshell, yes, financial consultants are totally worth it if they have the ability to introduce new perspectives that help internal teams while also achieving goals like boosting revenue, expanding hiring/teams and so much more.
The Practical Contrarian was designed to help institutional investors maximize their potential and with our continued innovation/integration of AI solutions we’re excited about the projects we’re guiding now as well as what’s on the horizon.