What is one of the main roles of a financial advisor?

The primary role of a financial advisor revolves around providing advice on financial planning. Financial advisors specialize in understanding their clients' financial situations, including income, expenses, investments, and future goals. They help clients develop tailored financial strategies to achieve objectives such as saving for retirement, purchasing a home, or funding education.

This role involves assessing various aspects, such as risk tolerance and current market conditions, to guide clients toward optimal financial decisions. Financial advisors may also assist in portfolio management and recommend suitable investments, ensuring that the financial plans align with the individual needs of their clients. This comprehensive approach to financial advice helps individuals and families navigate their personal finances effectively.