Financial management and participation in capital market through the investments adviser

The object of this research is to demonstrate the importance of the function carried out by the investments adviser in Venezuelan capital market and also in many companies administration, attending to the legal normative that exists in the country. It is a documentary investigation, based on available information about this topic and a field investigation too that allows picking up data directly from reality. The results shows that Venezuelan capital market had had a significant evolution but the external obligations contracted by the country, the discharges in passives interests rates and the politics prevailing factor in last years, had generated uncertainty and transformed Venezuela into a not-soattractive country for a national and foreigner investments and, also, the little prevailing stocks market culture make it very important for the companies investors, to request the consultantship of experts, with the purpose of to diminish risks and to achieve the capital return as palpable benefits in medium or long term.