Role of Financial Advisors and Financial Planners

Insurance, funds, investments, business, retirement with so many financial goals to meet, making the right decisions can be quite a difficult task.

This is where financial advisers and financial planners come in.

Financial advisor and financial planners are professionals that can help you deal with various financial issues. These experts can help you maintain and achieve your goals through proper money management, asset allocation, investment planning, and many more.

These two experts however, have different functions.

A financial planner helps address certain issues through proper financial planning. This practice usually deals with matters such as cash flow management, investment planning, retirement, tax planning, education planning, and investment planning among many others.

Usually, planners help determine a person’s financial goals by evaluating several factors. These include resources and current lifestyle. A tailored strategy would then be developed to realistically achieve financial stability.

A financial advisor on the other hand, is professional that provides sound investment advice as well as other financial services to businesses and individuals. He or she commonly deals with securities such as mutual funds, bonds, futures, and stocks to increase the client’s assets.

This type of service is ideal for individuals or companies who want to minimize financial risk and ultimately maximize their money and assets.

Apart from providing financial directions, both advisers and planners ultimate goal is to help their clients to understand how one financial decision and easily affect other aspects of finance. Thus, they are here to support and gear their clients towards financial success.

By Khaty Panambo

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