What is the primary role of a financial advisor?

The primary role of a financial advisor is to provide professional guidance on financial matters. This includes assessing a client's financial situation, helping them set goals, and creating comprehensive financial plans. Financial advisors offer expertise in various areas, such as investing, retirement strategies, tax planning, and estate planning, ensuring clients make informed decisions that align with their financial objectives.

While selling insurance products, handling banking transactions, or auditing financial statements may be relevant in certain contexts, they do not encapsulate the broader and more critical role that a financial advisor plays. Financial advisors focus on guiding clients through complex financial landscapes and creating tailored strategies to help clients achieve long-term financial success.