What is the difference between a financial portfolio and a financial product

What is the difference between a financial planning service and a financial advisory service Introduction: Navigating the Financial Landscape Hello everyone! Welcome to our video on the distinction between financial planning services and financial advisory services. In today's complex financial landscape, it's easy to feel overwhelmed. However, with the right guidance, you can make informed decisions and secure your financial future. So, let's dive in! Defining Financial Planning Services Financial planning services revolve around comprehensive, long-term strategies. A financial planner works closely with clients, assessing their current financial situation, goals, and aspirations. They then create a tailored roadmap, encompassing various aspects such as budgeting, investment planning, retirement planning, tax management, and risk assessment. Essentially, financial planning is a holistic approach, considering all facets of an individual's financial well-being. The Role of a Financial Advisor While financial planning is all-encompassing, financial advisory services are more focused and specialized. A financial advisor typically assists with investment-related decisions.