Is Financial Coaching Different Than Financial Advising? The Financial Coach Academy Podcast - EP. 4 скачать в хорошем качестве

Is Financial Coaching Different Than Financial Advising? The Financial Coach Academy Podcast - EP. 4

In today’s episode of the Financial Coach Academy Podcast, we’re going to answer another burning question: is financial coaching different from financial advising? The short answer is YES. While both financial coaches and financial advisors are needed in the world, financial advisors are future-focused. A financial advisor will run a variety of scenarios and your likelihood of financial success based on your investment strategies, rate of return, risk tolerance, asset allocation, and portfolio. Then they help you execute a strategy based on that future vision by helping you buy and sell stocks, bonds, mutual funds, and other investment vehicles. They also will monitor your portfolio and keep a focus on asset protection, but all of this is from a 50,000 foot view. In contrast, financial coaches help people with their money NOW. This can get complex depending on what the client’s unique financial situation looks like. We strive to focus on the whole person – not just the financial side of their life, diving into the reasons behind their financial habits so that we can create lasting change. At the end of the day, we both help people do better and feel more confident about their money. #financialcoaching #financialadvising #financialcoachacademy #kelsadickey #financialcoachtraining