How is a financial planner different from a wealth manager, IFA or private banker?
There isn’t a difference, just lots of different names for the same thing really. A private banker may well be able to recommend an “in house” bank account for you, which we can’t do, but other than that, all of the above should be able to give you independent financial planning and investment advice. A good private banker will be much more valuable to you than a bad financial planner and vice versa of course.
Related Questions
- I am in need of a facilitator, financial advisor/planner, sales consultant, attorney or human resources manager. Does Aileron provide any outside referrals?
- We have always rented through a property manager. How is renting through a private owner similar or different?
- How is the CFP Certification different to the Chartered Financial Planner?