As financial services firms digitize their customer experience, their internal processes and technology must transform to keep up.

The leading firms of the future will need to be agile and learn from the lessons of early adopters as they plan their way forward amidst market uncertainty, regulatory changes, and ongoing disruption.

As one of the top financial services consulting firms, we help companies meet key challenges and move confidently into the future.

Lionpoint’s guide to financial planning & analysis

FP&A Anaplan

Financial services consulting

Lionpoint provides consulting for financial services firms, including banks, insurance companies, asset managers, wealth managers, and leading service providers, including fund administrators, depositaries, custodians and Alternative Investment Fund Managers (AIFMs).

Our strength in financial services consulting is enabling businesses with the processes and tools to support their strategic growth. This includes transformation of operating models, automation, data governance and quality, meeting accounting requirements, and technology implementation.

Meeting increasing customer expectations and competition is an ongoing focus for our clients. We’re helping implement the processes and tools to deliver an exceptional experience, with connected planning.

Mitch Max, Executive Director, Lionpoint

Anaplan for Financial Services

Anaplan is a best-in-class technology. Combining the flexibility of a spreadsheet, the scalability of a database and rapid calculation speed in a single cloud-based solution, Anaplan’s multi-dimensional platform has a wide range of uses in financial services.

Our consultants are empowering financial services firms, including banks, insurance companies and asset managers with Anaplan for superior budgeting, planning and forecasting capabilities.

Our team will advise you on whether Anaplan is best suited for your organization, and guide you through the implementation and integration journey.

Request an Anaplan Demo

Case Studies

The latest financial services case studies.

See all

Charts of Account Mapping

Charting a new course for account mapping for a global investment firm, Lionpoint embarks on an ambitious journey to automate a tedious, manual process.

open role management

An Efficient Approach to Open Role Management

An investment bank operated a manual recruitment process involving hundreds of managers without end-user reporting or auditing capabilities.

Featured Team Members

What is Financial Services Consulting?

Financial services consulting is when a professional tries to improve the financial well-being of an individual or firm. This professional is adept at financial concepts and investments techniques to help maximize their client’s profitability.

The first step with financial consulting is to audit the client’s current financial state. Usually, this entails aggregating financial statements such as profit and loss and balance sheets. It also involves looking at your investments, expenses, and debt obligations. Once you have a snapshot of your current finances, you can specify the financial goals you want for yourself or your organization.

Once all this information is gathered, a financial consultant will develop a plan to reach that goal. They can help you streamline your finances and spot growth opportunities.

A financial services practice often goes beyond recommendations and can actively manage your investments for you. Some financial services consulting companies and professionals are licensed to buy securities, assets, and other financial instruments.

In our modern world, clients have a breadth of options for financial consultations. The cheapest are robo advisors, which are apps that automatically give recommendations based on the client’s financial situation and goals. However, these provide general advice at best and are not as comprehensive as some people need.

A middle ground is online planning services, which provide both automated and human options. If a recommendation from a computer advisor doesn’t suffice, these platforms offer a human, financial advisor that clients can work with for their financial planning needs.

Of course, the best option is in-person financial consultants. These professionals give the most personalized service by deeply understanding your situation and providing the most accurate recommendations for your specific circumstances and goals. 


Why Use a Financial Services Consultant?

Whether for an individual or a company, making key financial decisions can be challenging and complex. A single mistake can also cost you a lot of money over time. Because of these reasons, getting a financial consultant to advise your investment and spending strategies is exceptionally important.

This is especially crucial if you’re in the middle of or expecting a major life event, including getting married, buying a new house, getting a new job, having a child, or moving into a new location.

All of these involve major financial roadblocks that often require a huge change to your financial plan. A financial services consultant can help prepare you for these eventualities.

A financial services consultant is also vital for your education. These professionals can fill you in on critical topics that most people might not know about, such as estate planning, tax deductions, and debt management. Sometimes, simply having a general understanding of these concepts can help you save hundreds of dollars (such as tax exemptions).

Consultants are especially crucial if you face a dire financial situation, such as mounting debt or bankruptcy. While financial services consulting can be expensive, the money it can save you will more than make up for the consultant’s fees. 

Of course, if you want to reap the true benefits of financial consulting, it’s vital that you carefully vet your financial services consultant. Little government regulations overseeing financial services consultants exist, which means customers need to be extra vigilant when choosing someone to trust as a financial advisor. 

Be sure to look for relevant licenses such as Series 66 and Series 7, especially if you want them to manage your investments. A certified financial planner (CFP) certification is also a good credential for a consultant to have. It’s also important to note that consultants that don’t accept commissions for the investments they offer will generally have your best interest at heart. 

Get in Touch

Let’s talk about your next project