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This question is about what a finance consultant does, what a finance advisor does, and finance consultant.
Financial consultant vs Financial advisor
A financial consultant is a professional that helps an individual or company build wealth, while a financial advisor helps clients understand their current financial situation.
A financial consultant's main objective is to help their clients with developing comprehensive long-term financial strategies to increase their wealth. They are heavily involved in the buying and selling of investments. And turning complicated financial concepts into actionable strategies.
Financial advisors help clients with many different needs, such as figuring out ways to save for college, save for retirement, start investing, or have more money available to meet regular expenses. They also see clients that are on the cusp of major life changes like marriage, divorce, job transitions, or the birth of a child.
There is no major difference between a financial consultant and a financial advisor. They may perform the same functions for a variety of different clients. The only discrepancy between the two titles is that on average people with the title of financial consultant earn higher salaries than those with the title of a financial advisor.
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