What is a financial coach / financial advisor / financial planner?

February 11, 2021

Believe it or not these all serve different purposes, depending on where you are in life, you might want to add one or two of these professionals in your life.

Financial Advisor what is it?

In short Financial Advisors help clients manage their investments. You can usually find these professionals within large firms such as Fidelity, Vanguard, etc. Financial Advisors is more products focus they assist clients with goals such as managing their existing assets or choosing new investments to diversify their portfolio.  

Financial Planner what is it ?

Financial Planners take an all-around view of a client’s current finances and long-termgoals. These professionals’ superpower is coming up with a life plan of your finances, they look into your investments, choosing the right insurance, college planning for your children, retirement planning for your golden years, and even your state planning.

Financial Coach what is it?

A Financial Coach helps you to develop healthy money habits. Its rather a young career, but not a new idea. Financial coaches are personal trainers for your money. Their version of “diets” are “budgets”. These professionals help you with budgeting, saving, managing debt, and positioning your finances to grow your wealth. Improve your relationship with your money as far as helping you remove your money limiting beliefs.

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