Asking for The difference between a financial coach and a financial advisor. 

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Chase

Active member
A Financial Coach usually has an area of expertise while a Financial advisor focuses on investing in stocks and bonds based on a method that is adapted for clients.
A Financial coach usually takes a holistic approach that may focus on income, work enjoyment, lifestyle spending, as well as investing.

The next step may be to get options for investing. Financial coaching is focused more on near term changes, while a financial advisor usually focuses more on long term investing goals. Financial coaches tend to charge a set one time fee, while financial advisors usually charge a per cent of a clients net worth each year.
 

Suba

Moderator
Staff member
Both are experts in the field of finance but have different tasks, Financial Coach can consist of lecturers, experienced practitioners who provide financial training services for both individuals and organizations. while financial advisor is another name for financial consultant, whose role is to provide advice for both long-term and short-term investments.........
 

Carpon

Valued Contributor
In my own thinking I think the only thing that differentiates the twins their job description.
As we all know a coach has to do with someone who lectures, and in sports at times even advises but in this case I think a coach just has to do with someone who teaches you the way of carrying out the particular stuff you are doing. He only does the work of a lecturer and has little to do with giving you ideas but just showing you the oath
While a business advisor akin to the coach who teaches you gives you ideas you may by implementing through the knowledge you got from your coach you'll make better earnings and your business will flourish and glamour better
I also to add will like to say that both are important in any field. Getting the knowledge on how to do something well is the first step towards doing it and doing it properly and then getting necessary advice and more ideas with the time is the step you take towards ensuring the productively of the trade. It is the coach that shows you the oath and the advisor guides you through it. As for me my coach is at the same time my advisor and that shows you a single person has the ability to do both, but it's good to get knowledge from varying people.
 
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