A financial planner or stockbroker is often the first person to contact for investment advice. Financial planners and stockbrokers may both work in the finance market, but they perform two different roles. Stockbrokers are business professionals who focus on the sale and purchase of financial stocks, whereas a financial planner helps people understand their financial situations and the options available to them.

Financial Planner Vs. Stockbroker | pupuzifecose.web.fc2.com

Both professions require a combination of communication and analytical skills. Stockbrokers trade in securities and commodities, often working directly with individual clients.

A stockbroker assesses a client's financial ability and then offers him realistic investment opportunities. Stockbrokers trade in stock in one of two ways: A stockbroker constantly monitors the financial market to gauge the performance of different securities uses his knowledge to trade for a profit. Corporate events, such as mergers, public offerings, yearly financial statements and acquisitions, are likely to influence a stockbroker's decisions.

Financial planners are professionals who use their knowledge of the finance market to help people prepare for their future. Financial planners offer expert advice to their clients. It may involve advice on issues such as investments, estate planning or managing tax. There are two major types of financial planners: In order to become skilled at their jobs, financial planners spend a lot of time learning more about the financial market.

They are able to explain complex financial terms in simpler languages to their clients. Financial planners help their clients prepare for specific goals, such as saving for retirement or covering a child's education expenses.

They also counsel their clients on the risks of different investments. A stockbroker trades primarily in stock security and commodities. Financial advisers, however, can offer other self-financed products, such as insurance, bonds and annuities.

Although both have similar educational requirements, certified financial planners work with a code of ethics, which demands that they dedicate their efforts to the client's best interest. Stockbrokers, however, are under no obligation. Both earn their money in different ways -- planners through a fixed fee and stock brokers though sales stock market pilipinas bpi. Although financial planners do incentive stock option uk specialize in the stock market, they can buy stock.

Depending on their client agreement, financial planners may investment options in india for beginners in stock on behalf of their how to be an option trader, just like stockbrokers, the Bureau of Labor Statistics reports.

Both offer advice to their trade in the two sides on the binary options. Because they work in similar industries, financial planners and stockbrokers often have similar educational requirements, namely a bachelor's degree in economics, business or a related field. Having a Master of Business Administration is valuable in both professions. The same regulatory body, the Financial Industry Regulatory Authority, issues licenses financial advisor or stockbroker both positions.

Both professions are demanding. Stockbrokers often work more than 40 hours a week, while financial planners work approximately 50 hours a week, the BLS reports. As a financial planner, you may travel more to meet with your clients -- a good choice for people with good communication and finance analytic skills.

Stockbrokers, however, spend a lot of their time on the phone, reaching out to current and prospective clients. This is a good job for people with persuasive customer service skills. Stockbrokers also have to be detail oriented and capable of making quick decisions.

Both professions earn similar pay. Harlow Keith has been involved in the human resources sector since He founded a human resources training company and has written several published articles.

Harlow became interested in his field at the tender age of 15 while editing his father's resume. Skip to main content.

Career Advice: Stockbroker Vs. Financial Advisor | Investopedia

Stockbroker by Harlow Keith A financial planner or stockbroker is often the first person to contact for investment advice. The Duties of a Stockbroker Stockbrokers trade in securities and commodities, often working directly with individual clients.

The Duties of a Financial Planner Financial planners are professionals who use their knowledge of the finance market to help people prepare for their future. Work Methods A stockbroker trades primarily in stock security and commodities.

Career Advice: Stockbroker Vs. Financial Advisor | Investopedia

Overlapping Tasks Although financial planners do not specialize in the stock market, they can buy stock. Which Profession Is Best for You? References 4 Bureau of Labor Statistics: Personal Financial Advisors Bureau of Labor Statistics: Securities, Commodities, and Financial Services Sales Agents Forbes: The Difference Between a Stock Broker, Financial Advisor and Planner Explained Business Insider: Should You Hire a Financial Planner, Broker or Wealth Manager?

Financial Planner Vs. Stockbroker | pupuzifecose.web.fc2.com

About the Author Harlow Keith has been involved in the human resources sector since Suggest an Article Correction. More Articles [Financial Adviser] How to Become a Certified Financial Adviser [Advisors Vs.

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