What is a Financial Advisor

W H A T A R E T H E
R E S P O N S I B I L I T I E S O F A
F I N A N C I A L A D V I S O R

A financial advisor (or adviser) 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. He or she can either work on
commission or charge a per-transaction fee every time he or she works with a
client. The name of this position is sometimes used interchangeably with the word
"broker," but while both professionals offer financial advice, a broker often deals
only with investments, while an 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, HE OR SHE
CAN HELP WITH FORECASTING FUTURE ECONOMIC TRENDS,
DECIDING HOW AND WHERE TO INVEST, CALCULATING TAX
LIABILITIES, AND BUDGETING. THIS PROFESSIONAL CAN
ALSO SUGGEST THE BEST WAY TO USE A 401(K)/401(K) ROTH
ACCOUNT AND HOW STOCKS AND MUTUAL FUNDS ARE BEST
DISTRIBUTED.
A GOOD PROFESSIONAL FINANCIAL ADVISOR WILL WORK
BASED ON THE CLIENT'S FINANCIAL GOALS AND WILL
TAKE INTO CONSIDERATION YOUR COMFORT LEVEL
WHEN IT COMES TO INVESTMENT RISKS. HE OR SHE WILL
ALSO SUGGEST APPROPRIATE STEPS TO GET HIS OR HER
CLIENT WORKING ON THE RIGHT DIRECTION.

CHOOSING A FINANCIAL ADVISOR CAN BE DIFFICULT, AND IT IS
IMPORTANT THAT INVESTORS TAKE THEIR TIME WHEN DOING SO.
POTENTIAL CLIENTS SHOULD CHOOSE SOMEBODY THEY CAN TRUST AND
FORM A LASTING RELATIONSHIP WITH. ON THE FIRST MEETING, THEY
SHOULD ASK QUESTIONS ABOUT FEES AND SERVICES, AND MAKE SURE
THEY KNOW WHAT THEY WILL BE GETTING FOR THEIR MONEY.
ARTICLE SOURCE:
http://www.wisegeek.com/what-is-a-
financial-advisor.htm
PHOTO SOURCE:
Wholistic Financial Solution