The services offered within this site are available exclusively through our Canadian advisors. Edward Jones’ Canadian advisors may only conduct business with residents of the province in which they are registered. In contrast, Investment Advisors specialize in helping their clients develop investment portfolios, identify market trends and determine how much they should invest and where to invest.
On the other hand, they could end up with financial products that charger higher fees than other similar products on the market. These same financial products may result in the advisor earning a high commission. The initial assessment may also include an examination of other financial management topics, such as insurance issues and your tax situation.
What is the difference between a Financial Advisor and an Investment Advisor?
The advisor needs to be aware of your current estate plan, as well as other professionals on your planning team, such as accountants and lawyers. Once you and the advisor understand your present financial position and future projections, you’re ready to work together on a plan to meet your life and financial goals. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication.
- A financial planner might have a specialty in investments, taxes, retirement, and/or estate planning.
- A financial advisor can help you how to make the most of your finances by advising you on the right products for your needs.
- In addition, the replacement of traditional pension plans with individual retirement accounts is expected to continue.
- Overall, there aredifferent types of cost structureswhen it comes to financial advisors.