Different Kinds of Financial Advisers

Different Kinds of Financial Advisers

There are all sorts of financial advisersfinancial planners, investment advisers, and insurance agents. They each have different ways to help you manage your money.

So, how do you know which type of financial adviser is right for you? The answer depends on your financial goals and needs. 

This article will briefly explain the different types of financial advisers and what they do. That way, you can decide which type of financial adviser is right for you.

Financial Planner

Financial planners help individuals and families save for retirement and manage their investment portfolios. Financial planners also help clients make insurance decisions and plan their wills and estates

Financial planners usually have a degree in business or economics, and many also have a certification from the Certified Financial Planner Board of Standards or FP Canada.

Find out more about how financial planners can help you here

Investment Bankers

Investment bankers help companies raise money by issuing stocks and bonds. They usually work for banks, but a lot also work in independent firms. 

Like financial planners, investment bankers typically have a degree in business or economics. Their training helps them facilitate large financial transactions such as mergers, acquisitions, and capital raising.

Investment bankers may also provide advisory services on wealth management and real estate investment.

Investment bankers are usually employed by corporations, governments, pension funds, and other financial institutions. 

Insurance Agents

On the other hand, insurance agents help people select and purchase insurance policies. They typically work for insurance companies, but some work independently. 

Insurance agents generally meet with potential customers to discuss their needs and then provide a quote for a policy that meets them. 

Agents may also help customers file claims and manage their policies. 

Some agents may specialize in a particular type of insurance, such as life or health insurance. Others may sell multiple types, including motorcycle, travel, or personal insurance.

Insurance agents help clients save money and have security.

Personal Banker

Personal bankers are financial professionals who work with individual clients to help them manage their accounts and finances. 

They can provide a wide range of services, from basic financial advice to more complex investment planning. Personal bankers typically work at banks and other financial institutions.

A personal banker may be a good option if you’re looking for someone to help you manage your money and spending. They can help you figure out how to save and invest for your future and provide valuable insights into the financial world. 

A personal banker can be a great resource if you’re unsure where to start saving, investing, or planning for retirement.


Most people think of accountants as those who help you pay your taxes every year. However, there’s much more to being an accountant than just tax season. 

Accountants are trained to help businesses keep track of their finances, manage their money, and make sound financial decisions. In short, they’re the people who help companies to stay in the black.

While tax season is undoubtedly the busiest time of year for accountants, they play a vital role in businesses all year round. 

From helping companies track their expenses to advising them on financial decisions, accountants are essential to any business. Whether you’re a small business owner or a large corporation, you need an accountant on your team if you want to stay afloat.

Find out more reasons to hire an accountant here