Financial Advisor vs. Accountant

They also see clients that are on the cusp of major life changes like marriage, divorce, job transitions, or the birth of a child. In addition to financial planning, financial advisors may also help clients with investment advice.

Accountants do auditing work, financial forecasting, and putting together financial statements. Some tasks accountants perform include conducting payroll, managing investments and expenses, and accounting for internal finances such as transaction data.

Accountants are responsible for keeping track of the finances of a company or individual. They also play crucial roles in tax duties for their clients.

Here are the key differences between a financial advisor and an accountant:

• Financial advisors provide investment advice and financial planning assistance to clients

• Accountants specialize in helping clients or companies with taxes

• Financial advisors help individuals with financial planning services

• Financial advisors are better at sales and networking

• Accountants are usually detail-oriented and good with numbers

• One of financial advisors' main objectives is to provide investment advice

• Accountants can only provide very limited investment advice