Differences in Roles and Services of Financial Planner vs Financial Advisor
The world of personal finance can be overwhelming and confusing for many individuals. Seeking guidance from a professional can provide clarity and direction for achieving one’s financial goals. However, understanding the different roles and services of financial planners and financial advisors can help individuals make informed decisions about the type of professional they need to engage with. In this article, we will explore the differences in roles and services of financial planners versus financial advisors.
Financial Planner Roles and Services
A financial planner is a professional who helps clients create a comprehensive financial plan, taking into account their financial goals, current financial situation, and risk tolerance. A financial planner’s role involves analyzing client’s financial data to develop strategies to help clients achieve their financial goals.
- Services: Financial planners provide personalized services such as tax planning, retirement planning, investment management, and estate planning based on a client’s specific needs. They