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  • Writer's pictureJayson M. Thornton, CFP

Financial Advisors Explained

A Financial Advisor helps you create a game plan to achieve your financial goals.

Financial advisors don’t come in a one-size-fits-all package. They get different degrees and certifications. They come from diverse backgrounds and offer a wide range of services. Because of that, they can do much more than explain confusing jargon and help you pick mutual funds. Simply put, financial advisors help you with all types of financial planning. That means they can help you with everything from budgeting to saving for retirement.

Tax Planning 

No matter how old you are, dealing with taxes can feel overwhelming—especially as you grow your wealth and get closer to that dream retirement. A financial advisor can explain how taxes will impact your finances.

Whether it’s advising on charitable donations, constructing a tax-efficient estate plan, or making the most of tax breaks available to you, their goal is to minimize your tax burden while providing the best possible returns. Keep in mind, though, you should never make investing decisions based solely on taxes.


Some financial advisors are also investment professionals. These advisors can help you determine what mutual funds are right for you and show you how to manage and make the most of your investments. They can also help you understand the risks and what you’ll need to do to achieve your goals.

A seasoned professional can also help you stay on the roller coaster of investing when it takes a dive. They know that what goes down—mutual funds—will likely go back up. Because they can remain emotionally neutral, they can be a voice of reason that reminds you to look at your investments with a long lens. They offer a level of service that makes their expertise a crucial part of any retirement plan.


We all need someone in our corner to remind us of the big picture and to cheer us on as we work toward our goals. A financial advisor can help you understand what actions you need to take to reach those long-term goals, whether you want to send your kids off to college, buy a new house, or start a new business.

Debt Management

Debt can seriously complicate your finances and keep you from making progress toward your long-term goals. While you don’t need a financial advisor’s help to get yourself out of debt, your advisor can show you the benefits of being debt-free. For example, you can save for retirement, a new home, or your kid’s college.

Estate Planning

Talking about end-of-life planning may seem downright depressing, but it doesn’t have to be. Whether you just bought your first home or have been running your own business for 30 years, you get to choose what to do with those assets you’ve worked so hard for. Financial advisors can be a great resource in estate planning by helping you create a plan to ensure your wishes are carried out.

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