A financial adviser or financial planner is a person who offers financial advice to customers according to their current financial circumstances. In the United Kingdom, financial advisers must complete certain educational requirements and be registered by a regulatory body in order to give advice on financial issues. Financial advisers work with individuals, families, businesses and corporations on a wide variety of investment, pension and savings issues. They are also authorized to offer certain types of insurance for protection from loss. There are various different types of financial advisers such as bank tellers, investment advisers, investment managers and mortgage brokers.
In order to become a financial advisor, one needs to have a bachelor’s degree or a master’s degree. Upon graduation, you will receive formal teaching and study instruction, usually at a business or an accounting department. Financial planners work on an independent basis, advising people and companies on specific investments, savings and insurance products. These professionals are also authorized to offer a wide range of financial products such as annuities, bonds, stocks and derivatives, as well as investment guidance on a fee basis. Some financial advisors specialize in particular areas, while others work for larger firms that deal with a wide range of investments and financial products.
Regardless of the type of financial advisors you choose to work with, they all work to assist you in achieving your financial goals. Financial planners assist in setting up a long-term investment strategy, as well as helping you achieve your short-term and long-term goals. Your short-term goals might include purchasing a house or starting a business. Your long-term goals might include buying a retirement home or saving money for college, etc.