What’s In A Title?

Do you know the difference between a Financial Advisor and an Investment Advisor?

The terms Financial Advisor and Investment Advisor are often used interchangeably. While they both have many similarities, there are a few key differences.


Investment Advisor

* Held to a fiduciary standard
(must act in your best interest)

* Provides investment advice
(may also sell investments)

* Fee-only or commission

* Required to disclose conflicts of interest

Financial Advisor

* Not held to a fiduciary standard
  (Held to a suitability standard)

* Sells investments
.

* Paid through commission on investments sold

* Not held to the same disclosure standard


 

Don’t let another day go by without a financial plan.