Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
DEFINITIONS
By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
***
***
While IAs and FAs may seem the same, they are not the same. The Financial Industry Regulatory Authority (FINRA) and the Securities Exchange Commission (SEC) have clearly defined investment advisors as distinct from financial advisors.
The term financial advisor is a generic one that can encompass many different financial professionals, although it most commonly refers to stock brokers (individuals or companies that buy and sell securities).
Investment advisor, on the other hand, is a legal term and thus has a more clear-cut definition – or at least as clear as legalese is apt to be.
KEY DIFFERENCES:
- Financial advisors help with all aspects of your finances, including saving, budgeting, insurance, retirement planning, and taxes.
- Investment advisors focus specifically on choosing and managing investment portfolios.
- Financial advisors offer broader financial guidance, while investment advisors concentrate solely on investments.
- Investment advisors are held to the fiduciary standard, while financial advisors who work as brokers may operate under different rules.
MORE: https://www.financestrategists.com/financial-advisor/advisor-types/investment-advisor/
COMMENTS APPRECIATED
Refer and Subscribe
***
***
Share this:
Filed under: "Ask-an-Advisor", Accounting, Ethics, Experts Invited, Financial Planning, Glossary Terms, Health Insurance, Insurance Matters, Investing, Marcinko Associates, Risk Management, Taxation, Touring with Marcinko | Tagged: broker, FA, fiduciary, finance, financial advisor, Financial Industry Regulatory Authority, Financial Planning, FINRA, IA, Investing, investment advisor, Marcinko, personal-finance, SEC, Securities Exchange Commission, stock broker, stock brokers |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Leave a comment