Is a financial advisor better than an accountant?

If you have wondered whether a financial advisor or an accountant is best for your financial planning needs, this will steer you in the right direction. Although their functions overlap in some areas, they play quite different roles. Financial advisors offer investment advice and create financial plans, while accountants focus on tax advice.

Who is a financial advisor?

Advisor matches shared by Zoe are meticulously curated. Financial advisor is a generic term used to describe financial professionals who are licensed to provide financial planning and investment advice. Financial advisors may be consultants, CFPs or investment managers, among other distinctions.

Should I work with a Certified Financial Advisor?

Although there are exceptions to the rule, generally speaking, if you need help with financial planning and investments, it’s best to work with a certified financial advisor. If you’re looking for help preparing a tax return or understanding the tax implications of a particular financial decision, an accountant or CPA is usually a better choice.