Who is a financial advisor?

Basically a financial advisor is a person who can professionally render investment advice. This thus makes him a person who is able to impart financial planning to individuals and business organizations as well as can be responsible for the proper allocation of assets to maximize their net worth hence satisfying the client’s requirement in a way that they use stocks, bonds, mutual funds and insurance products.

Often, that is in most of the cases these are the people who receive a commission payment for the financial products that they broker. Nonetheless it must be mentioned here that over the years the "fee-based" planning is becoming increasingly popular in the industry and hence it should be clarified at this point that in this case a distinction should be made between the fee-based and fee-only advisors. The major distinction is that the later receive 100% of their compensation directly from their clients and have no outside conflicts of interest created by commissions or referral fees paid by other product or service providers and hence we see that over the years they are held in high esteem by many a client.