What is the difference between a financial planning service and a financial advisory service

What is the difference between a financial planner and an investment advisor Introduction: Navigating the Financial Landscape Hello everyone! Welcome to today's video, where we'll be exploring the intriguing world of finance. Specifically, we'll be focusing on the roles of financial planners and investment advisors. While these professionals may seem similar at first glance, they serve distinct purposes in the realm of personal finance. So, let's dive in! The Financial Planner: Orchestrating Your Financial Journey A financial planner is akin to a conductor, orchestrating the various elements of your financial life. They take a holistic approach, considering not just your investments, but also your budgeting, insurance, tax planning, and retirement goals. Think of them as your financial architect, designing a comprehensive strategy tailored to your unique circumstances. They're skilled in creating detailed financial plans, often encompassing multiple years, that serve as a roadmap for your financial journey. The Investment Advisor: Navigating the Markets On the other hand, an investment advisor is more like a seasoned navigator, charting the course through the intricate waters of the financial markets. Their primary focus is on managing your investments, ensuring they align with your risk tolerance, financial goals, and time horizon.