An investment advisor is also known as a stockbroker.
Investment advisers manage money.
They select financial assets like:
and then buy, sell, and monitor them within your account in keeping with your investment goals.
Investment advisors do not have to take a qualifying exam, but many of them have other certifications like
A certified financial planner (CFP) or
Chartered financial analyst (CFA).
These designations may allow them to offer more holistic financial guidance.
Advice on how to budget, plan for retirement, or pay down debt in addition to investment advice.