What is the primary role of a financial planner?

The primary role of a financial planner is to provide comprehensive financial advice tailored to a client's needs. This involves assessing the client's financial situation, goals, and risk tolerance to develop a personalized strategy that could include budgeting, saving, investing, retirement planning, and estate planning. The planner aims to create a holistic approach that addresses all facets of a client's financial life, ensuring that the advice is tailored to their specific circumstances rather than offering a one-size-fits-all solution.

This approach emphasizes the importance of understanding the individual needs of each client, as financial situations can vary widely based on personal circumstances. A financial planner's value lies in their ability to integrate different aspects of financial management to help clients achieve their overall financial objectives successfully.