'That includes investment portfolio management, but it also includes reviewing your insurance coverage, working with your estate attorney, communicating with your CPA, helping you determine the structure of your mortgage, and budgeting. 'In an ideal world, a financial advisor should look at your overall financial picture and help you build a plan to get to and through retirement,' says Mary Lyons, financial advisor and founder of Benchmark Income Group. Others provide comprehensive services for everything from saving for college and retirement to tax strategies and budgeting. Some focus only on investments and portfolio building/management. They can provide product recommendations based on your specific situation and goals, make investments on your behalf, and help ensure you stay on track.ДЇinancial advisors can offer a wide array of services. Traditional financial advisors usually provide comprehensive, personalized advice regarding your financial life. Traditional financial advisors: These include Certified Financial Planners (CFP), brokers, Registered Investment Advisors (RIA), and wealth managers.Online financial-planning services are usually automated and can help you build financial plans and budgets, in addition to portfolio building, goal setting, and reporting. Online financial-planning services: These services go a step further than robo-advisors, often offering a broader scope of options.These kinds of services are generally low-cost, but limited in what they can offer. It uses algorithms and often artificial intelligence to determine your risk tolerance and what investments may be good to make. Robo-advisor: A robo-advisor is an automated platform that makes investment recommendations based on information you input to the system.

These days, you'll find a variety of types of financial advisors available to you.

Finacle advisor