Financial advisors help people decide how to manage their money and reach their financial goals. But financial planning isn’t one-size-fits-all, and there are several types of advisors. Let’s figure out which is the best for you.
The term financial advisor can apply to a wide variety of people or to digital services called robo-advisors. This umbrella term can also include financial planners, who have a special designation for qualification. All these types of advisors help you manage your money, in various ways: