The Differences Between a Financial Planner and an Investment Advisor

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Both financial planners and investment advisors are alike in the fact that they both help you in managing your financial investments, but the services that they offer also differ quite a bit. An investment advisor helps you in managing your stocks and other securities so you will have a well-rounded investment portfolio. They are also able to give you advice on how you can take advantage of different investment opportunities.

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You can hire Roadmap Investments advisers either full-time or part-time depending on how much time you want to spend with them. Some people prefer to hire them for long-term services while others are more comfortable with them for weekly or monthly services. As a general rule, the investment advisor job description will be very similar for both types of advisers.

Hire Investment Advisers

A financial planner on the other hand is someone who analyzes your financial situation and creates a comprehensive financial plan for you based on your goals, objectives, current financial status, and assets available. A financial planner may be employed by a bank or other major financial institution and works directly with clients to help them set up a financial plan.

These financial planners should have extensive experience in assisting clients to set up a solid investment plan. A financial planner may assist you with investing your money, creating a retirement plan, buying a home, or other large financial transactions. Financial planners often work closely with the architects of these plans and have an in-depth understanding of tax laws and ethics considerations associated with the financial plan.

Final Words

These are just two of the main differences between a financial planner and an investment advisor. Although both serve very similar functions and help you achieve your goals, there are key differences between the two jobs that should be taken into consideration before making the final decision between these two professionals. Always do your research before hiring a financial planner or investment advisor to ensure you get the best professional for your needs. Once you have decided on the professional you feel most comfortable with, you can start working with this individual to put this plan into action.

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