What is the difference between financial planner and investment adviser?

[Good-Person]

Financial planners are one of the most important people in the financial world. As far as investment advisers are concerned, they tend provide guidance to people. However, they also act as consultants as well. So, what is the difference between them?

 

[Debashis]

A financial planner helps individuals create comprehensive financial plans, while an investment adviser focuses on managing investments and providing advice on securities.

 

[Baker]

The main difference between a financial planner and an investment adviser is the scope of their services. A financial planner looks at your whole financial picture, including things like your budget, retirement goals, estate planning, and insurance needs. An investment adviser focuses specifically on your investments, such as stocks, bonds, and mutual funds. In general, a financial planner can help you with all aspects of your finances, while an investment adviser can help you with specific investment decisions.