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What is the difference between a financial advisor and an accountant?

Although their functions overlap in some areas, a Financial Advisor offers investment advice and creates financial plans, while an Accountant focuses on tax advice. Here, we explore all that each offers, and which is best for you. SmartAsset also has a tool to help you find a Financial Advisor.

Should you choose a financial advisor or a public accountant?

Deciding between an accountant, financial advisor, and financial planner depends entirely on your specific financial situation and needs. If you require help with bookkeeping, tax advice and preparation, or business audits, certified public accountants are the best choice.

Should I hire an accountant or financial advisor?

Whether or not to hire an accountant or financial advisor will depend on your individual circumstances and what makes sense for you may not make sense for someone else. In general, accountants are used for tax preparation, while financial advisors are used for investment advice and retirement planning as well as a number of other financial issues.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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