Financial Planner vs. Investment Adviser vs. Wealth Manager

Financial freedom is available to those who are willing to learn about it and work for it. There are many financial professionals out there in various areas of specialization dedicated to helping clients manage their money. Accountants, financial planners, investment advisers and wealth manager, may all fit the bill, depending on a client’s needs. A good financial professional is going to do more than pick your funds.

Here we will take a look at the differences between a few financial professions – financial planners, investment advisers and wealth manager.

Financial Planner

Target Audience – Middle class

Ticket Size – 1-5 lakh

Objective – Create Wealth

A financial planner will help clients develop a plan encompassing all areas of finances, including savings, taxes, retirement, inheritance and college funds, in addition to helping clients work out how they can achieve their financial aims.

Promote financial solutions which are driven by client needs

Fees – Some charge a percentage for all assets under management, versus those that charge a fee for their advice – fee versus commission based.

FinVizer provides the chance to have a free consultation with a financial planner. Just visit our homepage, choose financial planner from service and select your respective city.

Investment Advisor

Target Audience – Everyone

Ticket Size – 5-25 lakh

Objective – Create Wealth

An investment adviser usually concentrates on offering investment strategies and products to clients. They deal in all kinds of securities and sometimes have a fiduciary responsibility to see to it investments are appropriate for the client.

Sell specific products

Fees – Most of the investment advisors in India are commission based.

FinVizer provides the chance to have a free consultation with an investment adviser. Just visit our homepage, choose investment adviser from service and select your respective city.

Portfolio Manager

Target Audience – HNI

Ticket Size – 25 lakh and above

Objective – Preserve & Grow Wealth

An portfolio manager usually concentrates on offering investment strategies and products to clients. They deal in all kinds of securities and sometimes have a fiduciary responsibility to see to it investments are appropriate for the client.

Fees – Most of the portfolio managers in India have a fixed fee and a variable success fee depending on the portfolio performance.

FinVizer provides the chance to have a free consultation with a portfolio manager. Just visit our homepage, choose investment adviser from service and select your respective city.

Wealth Manager

Target Audience – Ultra HNI

Ticket Size – 1 crore and above

Objective – Preserve & Grow Wealth

Wealth managers help those individuals with a large amount of income and assets with estate planning, risk management, and capital gains planning. Private wealth managers are usually close to their clients and act as a custodian of their money.

Promote financial solutions which are driven by client needs

Fees – Mostly charge a percentage for all assets under management.

FinVizer provides the chance to have a free consultation with a wealth manager. Just visit our homepage, choose wealth manager from service and select your respective city.

Though there are some noteworthy distinctions, there is also considerable overlap between these roles. In fact, financial planners and wealth managers can both be licensed as investment advisors so as to be able to recommend securities to their clients.

Concentrating your investments can make you rich, but diversifying them keeps you rich.

Clients all seem to agree that the number one consideration should be that financial professionals are trustworthy and have the skills and core competencies necessary to achieve the desired result.

Share this post

Comment (1)

  • Best 9 New year resolutions for millennial - FinVizer

    […] for millennial. Here again, Finvizer.com is the answer to that problem. Finvizer’s certified investment adviser and financial planners will help in building strategies and methods which will able to pay off your debt. You won’t […]

    December 28, 2018 at 8:17 pm

Leave a Reply