This is a YouTube video titled "Demystifying Financial Guidance: Understanding Financial Advisors vs. Investment Advisors" containing a monologue or talk from December 6, 2023, explaining the differences between financial planners/advisors and investment advisors, focusing on their roles and client eligibility.
The difference between a financial planner or a financial advisor. We can play with the words or. Right. But I'll just use the words that I use, if you don't mind. So a financial advisor is typically someone who will make you a financial plan. They will asset, allocate you money according to what, you know, the big firm they work for tells them to, which means basically have three buckets and that's it. Right. So nothing's tailor is tailored. And, you know, they'll send you a statement and they'll ask you how your dog is and whatever. And that's great. Right? That's a financial advisor. And that. And that's. That's important. You need a financial advisor, but that's not an investment advisor. An investment advisor typically is actually only available to people who have north of $10 million.
