Difference Between Financial Advice & Financial Planning

Difference between Financial Advice and Financial Planning

Did you know that there is a big difference between Financial Advice and Financial Planning?
 
In many places, like banks for example their advisors may be on commission, meaning they’re trying to advise you (sell you) a product like income protection or life assurance.
 
Financial Planning then is setting out a plan that is best for you, tailored to your needs and not based on selling you products. Here at askpaul we focus on financial planning, meaning we care about setting you up on the right path, and guiding you through the process, to ensure your money works hard for you. 💶💪
 
Credit to : askpaul The Financial Expert