What does a personal finance advisor do?

A personal financial advisor helps clients organize goals and make decisions about areas such as cash flow, investments, retirement, insurance and taxes, depending on the advisor's credentials and services. Compensation varies widely by role, experience, location, employer and whether the advisor earns salary, fees, commissions or a combination. When choosing an advisor, focus on credentials, fiduciary obligations when applicable, conflicts of interest, total fees and exactly what services are included. For this question, the most useful next step is to translate the concept into one concrete action you can complete this month and measure at your next review.

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