What is a Financial Advisor?

August 13, 2021

They are not just for the wealthy; they can be helpful to everyone! Financial advisors can help their clients with aspects of money and finance. They work with each person’s unique situation to create a plan that will work best for them. Financial advisors have many roles and responsibilities which we’ll discuss in this post!

What responsibilities do financial advisors have?

A financial advisor can help one set up a plan that will work for them. Financial advisors have many responsibilities – to educate, provide insight into the client’s finances and provide guidance on spending. They may also offer financial planning services which can include helping clients with retirement savings. They can work out the best way to handle retirement savings and other aspects of money management.

A financial advisor can be a resource because different people have different needs for what kind of advice would suit them best – many financial advisors offer guidance in these areas:

  • Retirement Planning
  • Tax-efficient strategies
  • Wealth Management
  • Investment Advice
  • Estate Planning
  • Insurance Services (health care coverage, life insurance)
  • College Funding & Educational Guidance

What can a financial advisor do?

Educate on Finances

A financial advisor can be seen as a financial educator. They can do many things, but their main role is to teach clients about the ins and outs of finance and how it impacts them personally. They can educate people on many aspects of finance: from saving for retirement, investing, managing debt …the list goes on and on! Financial advisors can help individuals find solutions by discussing their needs and goals with them.

Retirement Planning

Financial advisors are often helpful for retirement planning. They can help people figure out ways to save for their future and how much they should be saving each month or year for retirement. Financial advisors can provide guidance to help individuals make retirement planning decisions that are right for them. Financial advisors can use vehicles like 401(k)s, Roth IRAs, or pension plans to help people reach their retirement goals.

Tax Planning

Financial advisors can help clients with tax planning. They work with their clients in identifying particular objectives, goals, and needs that may not be apparent at first glance. Using tax efficient strategies can help clients conserve resources to meet their financial goals sooner. Financial advisors can help clients identify tax-efficient strategies on certain items or investments.

Estate planning

Financial advisors may help with estate planning. They can help you understand tax-efficient strategies for your estate plan. Life insurance can be a component of an estate plan. Financial advisors may work with one to get a life insurance policy for their needs and budget.

Wealth Management

A financial advisor might have many roles and can offer various services. It is their job to educate the client on their finances, as well as provide guidance for long-term planning. They give guidance that may include topics such as retirement savings, investments, life insurance or estate planning. Financial advisors are also sometimes a liaison between clients and professionals such as lawyers or accountants who focus on certain aspects of the law or accounting practices related to financial decisions they make with regards to taxes and business strategy. Financial advisors will help direct them towards these professionals if need be.

The responsibilities of a financial advisor are many and varied. They can help you educate yourself on your finances, manage tax planning, plan for retirement and estate planning, or even provide wealth management services to provide guidance on saving money. If this sounds like a lot for one person to handle by themselves then you should consider working with an experienced financial advisor. Our team of advisors are qualified and experienced in technology so they know how to utilize tools that will keep up with today’s digital world outside the office too! We would love the opportunity to show you what we do and if our team might be able to help you. If you have questions or would like to schedule a meeting, call us at (888) 210-6567 or email us at info@eabuck.com.

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This content is provided for informational purposes only and is not intended to serve as the basis for financial decisions. E.A. Buck Financial Services is an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Securities offered only by duly registered individuals through Madison Avenue Securities, LLC (MAS), member FINRA/SIPC. Investment advisory services offered by registered individuals through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser and/or Buck Wealth Strategies, a Registered Investment Adviser. MAS and E.A. Buck Financial Services are not affiliated entities. AEWM and E.A. Buck Financial Services are not affiliated entities. Buck Wealth Strategies, MAS and AEWM are not affiliated entities. E.A. Buck Financial Services and Buck Wealth Strategies are affiliated by common ownership. 1276550 8/22

The views and opinions expressed by the writes are their own, and do not necessarily express the views and opinions of E.A. Buck Financial Services, MAS, or AEWM. The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. E.A. Buck Financial Serivices and its advisors cannot offer tax or legal advice. Please speak to an appropriate professional for any tax or legal questions you may have.


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