financial advisor vs stockbroker

Hi guys,

I know this isnt a forex question, but I know u guys know about investment...and I dont know anyone else to ask...so basically if u can point me in the right direction that would be good.

which job is better financial advisor or stockbroker? I know both jobs are similar...but which do u consider better and why. thanks

basicly i see the difference in the type of personne you are.

if you are a persone who have good comunication skills: broker
if you are a persone who have a logical thinking and good economics grades probably a financial advisor

What you may want to do is go visit some of each, and just find out which sort of person you would like to work with.

thats the problem I dont really think I m good at either...my communication skills/grades are all just okay...

I mean seriously if I was that good I d do investment banking...only reason I chose those two jobs are because they are actually pretty easy to get in to compared to serious financial jobs

Don't you understand that a stockbroker and financial advisor are the same thing.

Back in the day before mutual funds people would trade stock and try to make money. Now that you have a gazillon mutual funds brokers allocate money into these funds and build portfolios.

Major brokerage houses do not want their brokers trading stock ALL they want is mutual funds (mainly their own), bonds, hedge funds other investment vehicles etc....

Back in the day FA's were called stockbrokers...not anymore.

Hey guys,
I am currently studying diploma of financial services (to be a financial planner) and i have almost finished.

A financial planner analysis's a persons income, debt, personal situation, personal risk preferences, income needs, insurance needs, and investments, superannuation, as well as a bit of tax minimization...and so on... and informs them how they can best structure and possibly improve their financial wellbeing.

They assist them with this and have an ongoing service with which they make the necessary reviews, whether it be a couple times a year or just once. You would also most likely meet with them face to face for these reviews.

You need to have good communication skills, analytical skills, economic skills, and future planning skills. It is a 'selling' profession. You are selling financial products and financial services.

A stockbrokers principle job function (at its most basic) is to provide fast and accurate execution of orders for shares. They do provide advice on whether or not particular shares are good to buy, however, if they don't have a PS146 accreditation to provide financial planning advice (I live in Australia) then they cannot provide personal financial product advice, eg: sell your investment property and buy into shares and managed funds. Well, not legally anyway. Australia is becoming more litigious and they would most likely not want to risk being sued.

Hope that clears things up.

A financial advisor works for every economic ups and down while stock broker work only in stocks for sale. When I needed a little guidance for investment plans I hired a financial advisor as I found them suitable for options.