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What is the difference between financial advice and financial planning?

April 26, 2017advice financial Financial Planning

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What is the difference between financial advice and financial planning?

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Financial advice comes in many forms and from many sources. Your accountant might offer tax tips; your lawyer may suggest estate planning tips; your banker might recommend a new type of funds. A professional financial planner, on the other hand, thoroughly reviews and analyses all of the aspects of your financial state of affairs and prepare comprehensive individualized plan to help you achieve financial security in the long term.