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?

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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.

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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!

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Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

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