Financial Planner Vs Financial Advisor

In the general public most still feel confused the difference between Financial Planner Vs Financial Advisor. What is a Financial Planner? and what exactly is the Financial Advisor? Consumers are presented with a broad spectrum of investment professionals. Financial advisor and financial planner are popular titles for these individuals who help the consumer manage his or her money. The simple question is what is the difference between a financial advisor and a certified financial planner?

Functionally financial advisors are used when you need to discuss investment strategies. They are certified to sell investment products and securities (stocks and bonds). The adviser will discuss your financial and portfolio plans to accurately reflect them. A financial adviser is often confused with financial planners. Yes, there is little difference. While financial planners can help you with different goals or financial problems (there are seven main areas in which they are trained), they can be a special area of expertise. A certified financial planner means he has taken the core curriculum, passed the standard exams and meets the experience requirements. The most common certifications are CFPs (certified financial planners)

Similarities and differences of Financial Planner Vs Financial Advisor

Every financial planner is also a type of financial advisor, but any financial advisor does not have to be a financial planner. NAPFA, the National Association of Personal Financial Advisors, claims that there are more than 100 certifications that may be reached by financial advisors.

In general, many customers who seek help manage their money will get help from financial advisors.

But what kind of financial planner should the individual choose?

When making a decision on choosing a financial planner, first understand the financial planning landscape. According to FINRA, the Financial Industry Regulatory Authority, almost anyone can call themselves as financial planners and may come from a variety of backgrounds. Financial planners can be brokers or investment advisers, insurance agents, accountant practitioners or individuals without financial credentials. That is why consumers should do due diligence before handing their money to any financial advisor.

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