What is the Difference Between a Financial Coach and Financial Advisor?

What is the Difference Between a Financial Coach and Financial Advisor?

Depending on your financial situation, you may need the help of a financial professional, either a financial coach or a financial advisor, but which is right for you?

A financial coach works with people of differing situations to help them achieve specific financial goals or solve financial problems in order to move towards financial freedom and a secure financial future. Financial coaches may only meet with clients for a few months. Financial coaches only offer advice; they are not licensed to sell investment products.

Alternatively, financial advisors give people advice on how to plan and invest their money and assets, and they may meet with clients for longer periods of time. Typically people seek a financial advisor in their late 40s or early 50s when they have assets to invest and are gearing up for retirement.

Reference: U.S. & World Report News(October 10, 2019) Financial Coach vs. Financial Advisor: Which Is Right for You?

Hear From Our Clients

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce