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What is the Difference Between a Financial Coach and a Financial Advisor?

Updated: Feb 12, 2022

Their end goal is the same, but the approach is entirely different. Read what the differences are between a financial coach and a financial advisor and which one is right for you.

Financial Coach vs Financial Advisor Venn Diagram

When I initially had the idea of a Financial Coach, I created an anonymous survey and sent it to friends and family to get their feedback on budgeting, money management and growing their wealth. What I found out is that a lot of people thought I was trying to be a Financial Advisor and not a Financial Coach. I want to take the time here to clarify the differences and help you understand which one makes the most sense for you.

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+ Goal & Purpose

+ Services

+ Pricing

+ Which one makes sense for me?

Goal & Purpose

A financial coach and a financial advisor should really have the same end goal: to use their knowledge and experience to help their clients achieve their financial goals. Both are supposed to provide financial education to their client and help them with all aspects of money management, including budgeting