Maximizing Client Success: Distinguishing Advisory and Consulting Services

At OSV, our advisory services provide expert advice, guidance, and recommendations to clients, supporting them in making informed decisions. This service is ongoing and strategic, focusing on long-term planning and big-picture thinking. OSV Advisors use their extensive knowledge and experience to help clients understand their options and the potential outcomes of different decisions. While our advisors may not be deeply involved in the implementation of solutions, their role is crucial in guiding clients toward the best course of action. The relationship between advisor and client is often long-term, characterized by regular check-ins to ensure the client remains on the right path.

Conversely, our consulting services encompass identifying problems, developing solutions, and often implementing those solutions. This service is project-focused and more tactical, addressing specific challenges and operational improvements. OSV Consultants work closely with clients in a hands-on manner, diagnosing issues, creating plans, and executing strategies. Their priority is more focused on short-term projects with well-defined objectives, and the relationship may be short-term or project-specific, with consultants working intensively with clients until goals are achieved.

OSV's Holistic Client-Centered Approach: Advisory and Consulting Services

Both advisory and consulting services aim to support clients and organizations in achieving their specific goals by providing expertise and specialized knowledge. At OSV, we collaborate with clients to enhance their capabilities, whether through strategic guidance or hands-on problem-solving. Both services are client-centered and require a deep understanding of the client’s needs, industry, and challenges.

Key Distinctions Between Advisory and Consulting Services:

Scope and Approach

• Advisory: Focuses on providing strategic advice and guidance. It is typically less involved in the execution of plans and more focused on long-term outcomes and strategic direction.
• Consulting: Involves identifying specific problems and implementing solutions. Consultants are more hands-on and involved in the tactical execution of strategies.

Area of Focus Priorities

• Advisory: Emphasizes long-term benchmarks, big-picture perspectives, and continuous growth.
• Consulting: Focuses on short-term projects, specific challenges, and operational improvements.

Lens on Relationships

• Advisory: The relationship is often long-term, with regular interactions to ensure the client remains on track.
• Consulting: The relationship can be short-term or project-based, with intensive collaboration until specific objectives are met.

Understanding the distinct roles of advisory and consulting services enables our clients to effectively leverage our expertise to meet their unique needs, whether they require strategic guidance or tactical execution. At OSV, we are committed to delivering exceptional service, innovative solutions, and unwavering dedication to making a positive experience with our clients and partners, as well as their respective communities.