What is the primary role of a financial advisor?

The primary role of a financial advisor is to provide expert advice on investments and financial planning. Financial advisors work closely with clients to understand their financial goals, risk tolerance, and investment preferences. They analyze various options in the financial markets and develop personalized strategies to help clients achieve their financial objectives, whether that's saving for retirement, purchasing a home, or funding education.

In addition to offering investment advice, financial advisors also guide clients in areas such as budgeting, tax planning, and estate planning. This holistic approach ensures that clients receive well-rounded financial guidance tailored to their individual situations. By focusing on comprehensive financial planning rather than merely selling specific products, financial advisors establish long-term relationships with clients built on trust and a commitment to helping them succeed financially.