What is a financial advisor, and what do they do?

If you need help managing your money or you’re not sure whether you’re on track for a major life goal, a financial advisor can be an important ally.

A financial advisor is a professional who helps you create and implement a financial plan, manage your finances, and monitor your progress as you work toward your fiscal goals.

But the term “financial advisor” is a fairly broad one. Financial advisors often hold various licenses and certifications, but there’s no specific credential that someone needs to hold in order to call themself a financial advisor — though many common services financial advisors provide, like buying and selling securities, do require a license. That makes it extra important to vet an advisor and make sure they’re qualified to help you manage your money.

Robin Hartill | Yahoo Finance

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