What is the difference between a financial planner and an investment advisor

What is the difference between a financial planner and a wealth manager Introduction: Navigating the World of Financial Professionals Hello and welcome! The world of finance can be complex, and it's not uncommon to come across various professionals offering their services. Two such roles that often get confused are financial planners and wealth managers. While both deal with personal finances, their areas of expertise and the services they provide differ significantly. In this video, we'll explore these differences, helping you understand which professional might be the right fit for your financial goals. Defining the Roles: What Does a Financial Planner Do? A financial planner is a professional who helps individuals and families create comprehensive financial plans. They take into account various aspects, such as income, expenses, assets, and liabilities, to develop a holistic strategy. Financial planners often specialize in retirement planning, tax optimization, and risk management. They work closely with clients, understanding their goals and aspirations, and then charting out a roadmap to achieve them. In short, financial planners are like architects, designing a blueprint for your financial future. Wealth Managers: Focusing on Investment Strategies