Is a financial advisor better than an accountant?

When it comes to choosing between a financial advisor and an accountant for your financial planning needs, this information will help guide you. Although their functions overlap in some areas, they play quite different roles. Financial advisors offer investment advice and create financial plans, while accountants focus on tax advice.

What is the difference between a financial advisor and a CPA?

As a CPA who specializes in income tax planning and compliance, I am focused on how to account for my client’s investments on their tax returns, while their financial advisor is responsible for managing their investments. In this article, I’ll explain the differences between a financial advisor and a tax (and accounting) advisor.

Do you need a financial advisor or an accountant?

Two essential professionals on just about any financial team are a financial advisor and an accountant. Some financial advisors have in-house tax specialists, but at other times, it's up to the client to find their own accountant. Clients should choose wisely because selecting the right professional can be key to financial growth.