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Finance a la shmoop what's the difference between a financial adviser

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and a financial planner? well here's the Venn diagram of a financial adviser in a [Venn diagram appears]

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financial planner and yes you can see that the financial planner is kind of a

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subset of the advisor but well you know pours better coffee in other words all

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financial planners are financial advisors but not all financial advisors

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are financial planners okay so the financial planner what do they do they

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plan financially what does that mean? while the planner looks at your budget

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your rent your insurance your likely taxes and a whole bunch of other little [Financial planner duties appear]

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detailing things that you could probably do entirely on your own if you thought

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about it for five minutes but whatever trauma happened to you and [Man with injuries laying on couch]

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your childhood rendered you somehow incapable of doing so and you called in

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Mommy financial planner who held your hand and help you fill out whatever

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forms establish whatever goals and create whatever programs you needed to

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create whether you're an individual pediatrician, a small business or

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something bigger well financial planners come in a bunch

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of certificated flavors like certified financial planner yeah that's a big

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catchy one and then there's corollary sidebar ones like chartered financial

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consultant and for the really heavy hitter investment planning people well

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there's a chartered financial analyst levels one two and three which is the

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full contact x-rated version of being a hardcore financial planner so then [Types of financial planner appear]

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what's a financial advisor or FA? or FAH as the Dolphins like to call them well

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essentially they are your investment whisperer

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they sit on your left shoulder and your right shoulder whispering about greed [Angel financial planner whispering on mans shoulder]

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and fear and have nothing to do with that scene in Animal House and if you

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don't know what we're talking about go ask your parents right now hit pause go

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ask them.... greatest college movie in history thank you

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specifically a financial advisor is typically a broker in one form or

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another who directly helps execute purchases and sales of securities while

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knowing a thing or three about estate and tax planning, insurance and other

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financial adventures like the joys of owning real estate so a FA must have a

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series 65 license or more the good ones have all passed the series

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seven exam which is the granddaddy and a few are also CPAs i.e hardcore

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accountants if you like not just counting beans but swimming in them well [Man jumps into pool of beans]

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then these are both probably good gigs for you

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