Financial Advisor vs Financial Planner vs Financial Coach

Financial Advisor vs Financial Planner vs Financial Coach

Financial advisor vs financial planner vs financial coach, which one do you need? In the video, I’m sharing similarities and differences about a financial advisor, financial planner and a financial coach to give you a better understanding of each financial person and what they do so you can work with the correct person. Enjoy!

➥➥➥ POPULAR YOUTUBE PLAYLISTS ➥➥➥

➥➥➥ LET'S CONNECT! ➥➥➥

#FinancialFreedom #TiffanyThomasYourWealthMentor

[WealthyTiffany]

Thanks for watching! 😘 Comment below if you've worked with a financial advisor, financial planner or financial coach before & how it was!

[FelipePereiraFP]

Definitely agree with you on the financial advisors. They usually push you to invest in mutual funds that have a high management fee/expense ratio and don't perform any better than the benchmarks, and this can easily end up costing the investor thousands of dollars over time. Definitely better to do your own research and save a lot of money by investing by yourself in less expensive and more performing securities.

[FinancialSelfReliance]

This is a really good break down. I have been a Financial Advisor and Financial Planner, I am now working as a Financial Coach and Financial Planner. I feel like that is where I can provide the greatest value.

There is a place for all 3 of them, having had a career I can say that most of them try to justify their jobs more than they actually have value, not that they don't have value just that they over sell their necessity. I know I did. That is why I am becoming more of a coach, it's just more my style now.

If you are in control of your money you'll know who you need to hire for what, and if you even need to hire anyone.

Great video! Thanks for getting people thinking about this.

[viclucy-personalfinanceinv]

I’ve soooo overwhelmed by these. When you think finance, all of them sounds the same haha this was such a great breakdown! :)

[EdenGold]

I never really thought about the difference between all of these, but I can truly see how beneficial each one can be to your personal life and business

[Unwhit]

I actually enjoyed you and your energy. I appreciate you just putting the information out there and allowing someone to decide for themselves! That is what makes a very great teacher, not just a coach! So thank you for your expertise and your wisdom ❤️❤️❤️

[mariabell]

Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!

[Zfaith_fitness_detox_soaps]

So good to know! It's always confusing and I'm happy to have found you!

[DividendDogo]

I have never worked with one but I have watched several on youtube does that count? Thanks for the video!

[carkarlaw]

I had been investment (index funds) on my own but scratching the surface of investment. Then I referred to a bank financial advisor. He was basically doing similar things as me, but charging a discounted management fee. He claimed the risk is lower even the charged fee end up higher. He doesn't even touch those estate planning or taxation. I think I should look for a financial coach then..might be better off.

[EmilyDowgialo]

Wow great explanation! This info can be hard to find and figure out. Great job on this video!!

[MariaAndersenCrypto]

I think it’s a quite motivative video😊👍🏻

[berthalackey]

Thanks for explaining the differences Tiffany!

[dlewis]

Working with an advisor and looking to switch to a FP instead. After all the fees my returns are less than my index funds and his fees keep growing

[creepermode]

Nice video. It seems your more focused on folks who may have debt and want to be debt free and manage their lives better. That is all good. The focus on managing your own portfolio is off the mark a bit IMO. I would challenge you to use a financial professional and do your own management at the same time. IE. You start with $100k and give a professional $100k (or any amount - $5k; $10k; etc) and see who outperforms…see how you stack up against a pro. You might do well, but most people don’t have interest in managing their money like that unless they have a “broke” mentality versus an “abundance” mentality…..I used to be in the former; I’m now in the latter.

I will check to see if you have any more recent videos on this topic.

[NipItInTheBud]

I’d think paying someone a % would be in your best interest since the advisor would benefit with your portfolio going up rather than a flat fee where they get paid the same regardless of what your portfolio does!

[shaheedcassim]

😊really nice video, some financial advisors charge like up to 3% in south africa🙈.id really like to know your advice on pension equivalent investments whereby the country you in determines the regulations of your investments.Basically Id like to know if you should look at diversifying your investments in brokerage accounts in other countries and currencies if you feel that you are not happy with the politic and economic climate in the place you in.

[ciao]

Hi Tiffany, thank you for all you do. I am hoping you can steer me in the right direction. I assume I need to hire a financial Coach (correct?). .. I have been the sole provider for my extended family for years. I am now reaching retirement age and the last hand-out, cost me 54, 500 to help my brother hire a attorney for his son. Yesterday I took a look at my finances and was so upset that all I have in savings/stocks/real estate, etc is $700, 000 (only $270, 000 is liquid) -- Can you refer someone for me to go over my concerns... should I purchase another home before I retire? should I pay off the home I have? When I retire my pension will only be enough for myself, as I still provide for my Mother.

[jsfaulkner]

Financial advisors aren't neccesarily bound to the investments their company offers. If it's an independent advisory firm, like mine we can go wherever the client is best served - we have no allegiance anywhere.

[stevedicesare]

I’m 66 years old. I want to bounce my retirement plans off someone knowledgeable about annuities and other investments. I feel confident in my retirement plan but want to be open in case I’m missing something