What is the difference between a Financial Planner and a Stockbroker?
A stockbroker executes orders to buy and sell securities. Some full service stockbrokers will research and suggest stocks to buy or sell. However, they are more “order takers” in that they do not coordinate your investments with your overall financial plan. A financial planner on the other hand, not only will make recommendations on individual stocks and mutual funds but will also execute a complete financial plan covering all aspects of your life. In addition, they will review your plan periodically.
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