What is a financial advisor?

A financial advisor is a professional who provides financial guidance and services to clients in a variety of areas, such as investment planning, retirement saving, and estate planning. These advisors assess the financial situation of their clients and offer tailored strategies to help them achieve their financial goals. They can provide a range of services, from managing investments to offering advice on budgeting and saving, and they often build long-term relationships with their clients to support their evolving financial needs.

The other descriptions do not encompass the full scope of what a financial advisor does. For instance, while some advisors may manage investments, they are not limited to client interaction, nor are they exclusively stockbrokers or focused solely on tax preparation. This broader definition illustrates the diverse roles and expertise that financial advisors bring to their clients.