Camille Gaines, financial coach and author on women and money, explains the difference between a financial coach and a financial advisor.
A financial coach generally has one area of expertise while a
The financial advisor focuses on investing in stocks and bonds using a client-friendly method
A financial coach typically takes a holistic approach that may focus on income, enjoyment of work, lifestyle expenses as well as investing. The next step might be to get investment options.
Financial coaching focuses more on short-term changes, while a financial advisor generally focuses more on long-term investment goals.
Financial coaches tend to charge a one-time flat fee, while financial advisors typically charge one percent of a client's net worth each year.
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Camille Gaines
Financial Coach
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More videos recommended for you on financial coaching and financial advisor roles:
What is financial coaching? https://www.youtube.com/watch?vcowsvgdEt0w
For a little fun on this topic from LastWeekTonight: Retirement Plans: Last Week Tonight with John Oliver (HBO)
https://www.youtube.com/watch?vgvZSpET11ZY
How to Find a Dave Ramsey Financial Advisor
https://www.youtube.com/watch?vBc2anRSQz9M
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