An Advisory firm is organization that provisions professional guidance, advisory and services in accounting, audit and assurance, legal, finance, risk, tax, regulatory and consulting for clients that include medium to multinational companies, not-for-profit organizations, and governments. These firms cater to a diverse range of needs from their clients and may require tailored consulting, solutions and services for challenges, changes, and opportunities. For example in corporate advisory firms provide may provide senior management and boards with expertise to identify opportunities for business improvement and gaps in existing processes.
Governments and multinational companies typically engage leading advisory firms from multinational accounting and consulting networks such as PWC, BDO, KPMG and Deloitte's from strategy through to execution. These Advisory firms can cater to a range of industries that can range from but not limited to financial services (Asset Management, banking and capital markets) to energy, government, public sector, life sciences and technology. However their are also specialist firms that cater to specific industries such as financial advisory firms that include BlackRock, Vanguard and Fidelity.