Raffi PailagianMBA, BSc, DipFP
Adviser / Managing Partner
So what is the difference between a financial planner and financial advisor?
A Certified Financial Planner is a Financial Adviser. But a Financial Adviser is not always a Certified Financial Planner. It’s a complicated business. And getting more so with the changes being made in the industry. But there are some things that might help you understand the difference, and decide which one is best for you.
Essentially, anyone who gives you advice on financial products can be referred to as a ‘financial adviser’, because they are giving you advice in relation to your finances. A qualified Financial Adviser, however, has specialist training, generally in a range of financial areas.
Certified Financial Planners generally have much broader and deeper financial training. They are likely to have a degree in a related area or a Diploma in Financial Planning. This means they are able to develop a full financial strategy for you that incorporates any and all aspects of your financial life – tax, insurance, superannuation, investments, and estate planning.
If all you are looking for is a new life insurance policy, a Financial Adviser will certainly be able to help you out.
However, the best way to grow and protect your financial position is to have an overall strategy, in which all the individual components work together to provide you with balance, flexibility and strength. This is where the expertise of a Certified Financial Planner can make all the difference. Some Certified Financial Planners have specific areas of expertise, so it is a good idea to have in mind what the most important issue is for you when thinking about choosing a planner.
Whether you decide to use a Financial Adviser or a Certified Financial Planner, there are three things you might like to think about:
When you want to chat about what sort of financial advice is best for you, and whether a Planner of Adviser is what you need, please contact us on 02 9976 3388 or click below and we’ll be in touch:
Head Office: Suite 105-106, Level 1, 39 East Esplanade, Manly NSW 2095
Manly Financial Services Pty Ltd is a Corporate Authorised Representative (Representative No.: 321127) ABN 38 115 806 883 of Futuro Financial Services Pty Ltd, Australian Financial Services Licensee (AFSL 238478)
This website contains general advice only. You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Futuro Financial Services Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website.