What is a financial advisor?
A qualified financial advisor is trained to analyze your personal financial situation and prepare a program designed to help you meet your financial goals and objectives. It might be helpful to think of your financial advisor as a kind of doctor for your financial health. Financial advisors (also called financial planners or financial consultants) can earn certifications or designations by completing accredited courses of study. Two of the most common are the Certified Financial Planner (CFP) certification, which is awarded by the Institute of Certified Financial Planners, and the Chartered Financial Consultant (ChFC) designation, which is awarded by the American College of Bryn Mawr. There is also the Registered Financial Planner, which is a designation awarded by the International Association of Registered Financial Planners. Financial advisors are often trained as accountants, lawyers, insurance agents, or stockbrokers &151 all professions that have a relationship to different aspec
Financial advisor is one who offering professional advice to companies in which experiencing from bankruptcy etc.
A financial advisor (adviser in the UK) is a trained specialist who helps people with their investments and financial planning. This can mean anything from retirement planning to brokerage advice to tax arrangement. A financial advisor can either work on commission or charge a per-transaction fee every time they work with a client. The phrase “financial advisor” is sometimes used interchangeably with the word “broker.” While both professionals offer financial advice, a broker often deals only with investments, while a financial advisor can also offer guidance on savings, creating a budget, and dealing with debt. The main reason people hire a financial advisor is to help with retirement planning. In this case, a financial advisor can help with forecasting future economic trends, decide how and where to invest, tax liabilities, and budgeting. A financial advisor can also suggest the best way to use your 401(k)/401(k) Roth account; and how stocks and mutual funds are best distributed. In
What is a financial advisor?