Financial Analyst Chanhassen MN

When most people hear the term financial analyst they think of someone who spends their days slaving over piles of spreadsheets and numbers. This is only part of the financial analyst's role; they are often the people working behind the scenes to make companies and individuals more profitable.


1. Local Companies

Stiles Financial Services, Inc.
952-988-0452, 866-401-7374
5700 Smetana Drive Suite 110
Minnetonka, MN
Stevens Foster Financial Advisors
952-843-4214
8000 Norman Center Drive
Bloomington, MN
Strategic Financial, Inc.
763-208-0482
3030 County Road 101 N
Plymouth, MN
Trimble Hart Consulting, Inc.
952-525-2284
5775 Wayzata Blvd
Minneapolis, MN
Feltl and Company
612.492.8857
225 South Sixth Street 42nd floor
Minneapolis, MN
American Financial Marketing
800-880-3072
9220 Bass Lake Road
Minneapolis, MN
Ameriprise Financial Services
(952) 949-6630
551 W 78th St
Chanhassen, MN
Thrivent Financial
(952) 470-4470
7945 Stone Creek Dr Ste 40
Chanhassen, MN
Rb Consulting
(952) 556-5821
1480 Lake Dr W
Chanhassen, MN
ABC Financial Solutions Inc
(952) 401-9503
Chanhassen, MN


2. Role Of The Financial Analyst

The phrase financial analyst is a broad term used to describe the career of those working in the financial services field. Financial analysts include financial consultants, private bankers, financial planners, wealth managers, and even insurance agents. The jobs of the financial analysts are to provide in-depth guidance to businesses and individuals. Decisions regarding investments, mergers and acquisitions, and even long-term marketplace activities and trends are within the scope of their job description. Financial analysts work for anyone who has investment capital, but doesn’t know quite where to put it. They provide a financial snapshot of a prospective company or service that their client looks to purchase, showcasing the affordability and the wisdom of the purchase. They work much like a jewelry appraiser, valuating and assessing risk involved in a transaction, and gauging how much to pay for a given company.

Financial Analysts tend to be very specific in their training and experience. Most seldom work outside of a given field of analysis. For example, a ratings analyst typically works solely to assess the risk involved in money-lending. Can a business repay a short or long-term loan, and what are the most attractive terms for the lender in terms of risk, affordability, and of course, profits? Personal financial planners are often used to determine the financial needs of individuals and families. These professionals often offer advice and perhaps even sell the products they recommend. They are generally more familiar with personal tax liabilities and legal loopholes in the tax code than are private bankers or wealth managers whose sole purpose is often simply to preserve the wealth of clients. These advisors often act more in the capacity of accountants or insurance agents, though in a more generalized fashion.

3. Related Occupations

There are many related occupations when you talk about financial analysts. A financial analyst is the broader topic or theme of a type of career. More specifically, a financial analyst often fits several separate categories. Financial consultants, for example, don’t always use the stock market to make decisions. Insurance agents are financial analysts, and their products don’t always tend toward market sensitivity. Insurance agents are more adept at using a client’s own financial situation to find the “soft” spots in their financial plan. An insurance agent will use many different types of financial products to make an efficient and complete financial plan for a customer. Jobs are often industry-specific, meaning that often an employer will hire someone strictly to be a wealth manager, while leaving other specialties, such as financial consultants to their own areas of expertise.

Commodities brokers are another type of financial analyst. Commodities brokers earn their salary and are allowed to keep their jobs only if they’re exceedingly good at what they do. The risk involved in commodities trading often outweighs that of other branches of financial analysis. When they lose, typically they lose billions. They study existing market trends to look for causes in the fluctuation of supplies of a product, such as orange juice. They use looming market events to make educated guesses as to what the price of a commodity will do. Obviously, a major storm will cause a drop in the production of goods in Florida, such as orange juice. Florida’s loss is the commodity broker’s gain. A truly talented commodities broker can take much of the risk out of the market, but with the market still so dependent on outside influence, it can be easy to be overconfident, and lose everything.

4. How They Work

It’s true that wealth managers, financial consultants, private bankers, and financial planners spend a lot of time hunched over a pile of paperwork trying to crunch numbers to come up with the best options for their clients. With that being said financial analysts get the reputation for being boring, stuffy, and hard to get along with. Nine times out of ten this isn’t the case. Financial analysts can be the office prankster, but where some people don’t know when to stop the pranks these financial consultants know when to stop the fun and get down to work.

There are times a financial analyst might seem hard to approach but that is just because they usually have so much riding on their shoulders. Their analysis of a situation can make or break a profitable deal. If they don’t give this their utmost attention not only could the company lose money, but employees could lose their jobs. The last thing any person wants is to feel responsible for causing a coworker to lose his or her career.

5. Featured Local Company

Stiles Financial Services, Inc.

952-988-0452, 866-401-7374
5700 Smetana Drive Suite 110
Minnetonka, MN
www.stilesfinancial.com

Stiles Financial Services, Inc. was founded by Susan M. Stiles, named one of the top 250 financial planners in the country by Worth magazine. Susan's sound, creative and experienced work is complemented by a hard-working, client-oriented staff. Collectively, we offer a diversity of expertise - always framed by the best in customer service.

At Stiles Financial Services, Inc., we advise, implement and design financial plans and tax incentive benefit programs for individuals, families and businesses. We are committed to our clients and keeping pace with their evolving financial services needs and the ever changing market place. We service the comprehensive financial needs of individuals, business and families.


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