Financial advisors

Financial advising is very important when it comes to retirement and investment planning. Financial advisors will give information to clients concerning which stocks to buy or what to do with their money. Clients pay their advisors for transactions and this fee is called a commission. Financial advisors also can collect a percentage of the earnings from their clients portfolios if they are making money. A portfolio is a collection of an individual's investments and it is generally varied with different types of stock. For example, many people will invest in both stocks and mutual funds or ETF's. When investing in stocks, advisors will suggest to vary the investments in your portfolio for example it would not be smart to invest in both Coca-Cola and Pepsi Co. since they are such similar companies.

Financial advisors are like salesmen because it is their job to convince clients to purchase the stocks or funds that they recommend. A good salesperson could make a living as a financial advisor without truly understanding economics, financing, or accounting because they are capable of convincing people to buy whatever it is that they are selling. Financial advisors have changed their job title from stock broker to financial advisor so that they can give off the perception in their title that they have advice to offer their clients.

Questions for my interview with an expert:
1) What sets financial advisors apart from investment managers?
2) How frequently do you meet or have contact with each client?
3) What do those meetings entail for established clients?