Modified on: June 2024

Are Financial Planners and Financial Advisors the Same Thing?

Financial Planner vs Financial Advisor – What’s the Difference?

A Financial Planner and a Financial Advisor are not the same thing.

Let me try to illustrate the difference with a short story.

I met with a couple last week who told me that they had gone to see a financial planner before coming to see me.

Out of curiosity, I asked them what planning services were offered.

“Advice on how to invest our money,” they told me.

“No planning what the money is for?” I asked.

“No…?” came their response, a confused look on their face.

Financial Planner vs Financial Adviser

Financial advisors often call themselves financial planners. But financial advice and financial planning are not the same things:

–  Financial Advisors invest your money to help you meet your goals.
–  Financial Planners help you define your goals.

–  Financial Advisors work out how to invest.
–  Financial Planners work out if you need to invest.

Financial Advisors invest your money so that you have enough.
–  Financial Planners work out how much is enough.

Both are necessary to achieve long-term success.

However, the financial plan comes first. Planning first, portfolio second.

Second Opinion Service

If you want to get a second opinion on your finances, I’m here to help. I’m available to provide an independent evaluation of your finances and discuss how they can be improved. Feel free to schedule an initial consultation to learn more.

All the best,

James Mackay, Independent Financial Adviser in Bristol

P.s if you liked this, you’ll probably like my article on the key differences between a financial adviser and a financial planner.



Financial Advisor Bristol and Pension Advisor Clifton

Frazer James Financial Advisers is an Independent Financial Advisor Bristol, Clifton.

About us: Frazer James Financial Advisers is a financial advisor, based in Clifton, Bristol. As an independent financial adviser, we’re able to provide independent and unbiased financial advice. We provide independent financial advice, pension advice, investment advice, inheritance tax planning and insurance advice.

If you would like to speak to a Financial Advisor, we offer an Initial Financial Consultation without cost or commitment. Meetings are held either at our offices, by video or by telephone. Our telephone number is 0117 990 2602.

Frazer James Financial Advisers is located at Square Works, 17 – 18 Berkeley Square, Bristol, BS8 1HB.

This article provides information about investing, but not personal advice. If you’re not sure which investments are right for you, please request advice.

Remember that investments can go up and down in value, you may get back less than you put in.

About The Author

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