Financial consultancy services

CPC v2.1 Code: 71591

About financial consultancy services

cpc code 71591 covers financial consultancy services, a critical component of the broader financial services industry. This industry provides expert advice and guidance to individuals, businesses, and organizations on a wide range of financial matters, including investment strategies, tax planning, risk management, and financial restructuring. Financial consultants play a vital role in helping clients navigate the complex financial landscape and make informed decisions that support their long-term financial goals and objectives.

Production process

Financial consultancy services typically involve a combination of research, analysis, and advisory services. Consultants begin by gathering information about the client's financial situation, goals, and risk tolerance. They then use their expertise and industry knowledge to develop customized financial plans and recommendations. This may involve the use of financial modeling tools, market research, and industry benchmarking to assess the client's current financial position and identify opportunities for improvement. Consultants may also provide ongoing support and monitoring to ensure that the client's financial plan remains aligned with their evolving needs and market conditions.

Production inputs

The primary inputs required for financial consultancy services include highly skilled and experienced financial professionals, such as certified public accountants (CPAs), chartered financial analysts (CFAs), and certified financial planners (CFPs). These professionals possess deep knowledge of financial markets, investment strategies, tax laws, and regulatory frameworks. Additionally, financial consultancy services rely on access to a wide range of financial data, market intelligence, and industry research to inform their analysis and recommendations.

Production outputs

The primary output of the financial consultancy services industry is the provision of customized financial advice and guidance to clients. This may include recommendations for 72111 Investment management services, 69201 Accounting services, 69202 Auditing services, or 69203 Tax consultancy services, depending on the client's specific needs. The ultimate goal of financial consultancy services is to help clients achieve their financial objectives, whether that involves wealth management, risk mitigation, or strategic financial planning.

Family tree for financial consultancy services

    graph LR
    A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/715'>715: Services auxiliary to financial services other than to insurance and pensions</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7159'>7159: Other services auxiliary to financial services</a>"]
D --> E["<a href='/classifications/cpc/v2-1/71591'>71591: Financial consultancy services</a>"]

    D --> F["<a href='/classifications/cpc/v2-1/71592'>71592: Foreign exchange services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71593'>71593: Financial transactions processing and clearinghouse services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71599'>71599: Other services auxiliary to financial services n.e.c.</a>"]

    

    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level4
class E level5
class F level5
class G level5
class H level5

  class E highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class E highlight