What is the primary role of a financial advisor?

The primary role of a financial advisor is to assist individuals and families with their financial matters and planning. This includes a wide range of responsibilities such as developing personalized financial strategies, helping clients set financial goals, and providing guidance on investments, retirement planning, tax strategies, and estate planning. Financial advisors work closely with their clients to assess their current financial situation, identify future needs, and create tailored plans to achieve their desired financial outcomes.

In contrast, managing a company's finances focuses more on corporate finance, which is different from individual financial advising. Providing loans to individuals is a function associated with lenders rather than financial advisors, whose role is more about advising and planning than direct lending. Overseeing real estate transactions would involve real estate agents or brokers, who deal specifically with property sales and purchases rather than comprehensive financial planning. Hence, assisting with financial matters and planning encompasses the essential functions a financial advisor performs to support their clients' financial well-being.