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Is a tax advisor better than a financial advisor?

A tax advisor isn’t necessarily better than a financial advisor or vice versa. They’re simply equipped to help their clients in different ways. Some of the things that distinguish tax advisors from financial advisors include: Again, a tax advisor is licensed to prepare tax returns but that’s not always true for financial advisors.

What is a tax advisor?

A tax advisor is someone who is licensed to prepare tax returns and most often holds a professional designation in a tax-related area. For example, a tax advisor may be a Certified Public Accountant (CPA).

Do financial advisors offer tax advice?

Financial advisors can also offer tax advice, including guiding clients on how to minimize tax liability. However, their advice is typically given within the context of executing a broader financial planning strategy. For instance, say an advisor is working with a high-net-worth client.

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