Financial counsellors and financial planners/advisors serve different roles and cater to distinct needs in the realm of personal finance. Here are the key differences between the two:
Financial Counsellor: FREE in Australia
- Focus: Financial counsellors primarily assist individuals who are facing financial difficulties or crises. They help people manage debt, navigate financial challenges, and provide support in dealing with financial stress.
- Services: They offer guidance, support, and education on budgeting, debt management, creditor negotiations, and financial planning tailored to individuals facing financial hardships.
- Non-profit or Government Organisations: Financial counsellors often work for non-profit organisations, community groups, or government agencies that provide free or low-cost services to individuals in need.
- Qualifications: They may have certifications in financial counselling, social work, or related fields, and their primary goal is to provide guidance and support to help individuals overcome immediate financial challenges.
Financial Planner/Advisor: COST MONEY in Australia
- Focus: Financial planners/advisors work with individuals to create comprehensive financial plans, wealth accumulation strategies, retirement planning, investment advice, and long-term financial goals.
- Services: They offer personalised advice on investment options, retirement planning, tax strategies, estate planning, insurance, and wealth management tailored to individual financial goals and circumstances.
- Clientele: Financial planners/advisors typically work with clients who have varying financial goals, from wealth creation to retirement planning, and provide ongoing advice and monitoring of their financial portfolios.
- Qualifications: Financial planners/advisors often hold professional certifications and may work independently or for financial advisory firms. In Australia your Financial Planner or Advisor must be accredited to give advice or they are acting illegally.
There are also FINANCIAL COACHES/MONEY COACHES. These cost money but are less than a financial advisor and can help you create and manage a budget.
In summary, financial counsellors specialise in helping individuals navigate financial crises, debt management, and budgeting during times of financial hardship, often through non-profit organizations or government agencies. On the other hand, financial advisors focus on providing comprehensive financial planning, investment advice, and wealth management services to individuals seeking to build wealth, plan for retirement, and achieve long-term financial goals.
If you are in need of a financial counsellor or financial advisor, please visit Save Money Like a Pro! | Mums on a Budget - AU | Linktree and click on the relevant button. Please see below how to find what you are looking for.
FINANCIAL COUNSELLOR
Scroll to the very bottom of our Linktree page Save Money Like a Pro! | Mums on a Budget - AU | Linktree and under the "Need Financial Assistance?" Section at the very bottom of the page, you will see a button where you can click and you can input your post code to find a free financial counsellor near you.
FINANCIAL COACH/MONEY COACH
We have partnered with Finance First Coaching! They offer a 15 minute Free No-obligation Discovery session for our members. Simply visit Finance First Coaching and use the code: "MUMSBUDGET2024" when booking your Free No-obligation 15 minute Discovery session with our favourite Money Coach. See what is possible. Your 1st Meeting is FREE to ensure you are fit for each other.
FINANCIAL PLANNER/ADVISOR
We have partnered with MWS! They offer a Free No-obligation Discovery session for our members. Simply visit MWS and book your free consult to find out what's possible! Online or in-office. Your 1st Meeting is FREE to ensure you are fit for each other.
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