What is one main function of a financial advisor?

A financial advisor primarily provides professional advice on managing finances, investments, and reaching financial goals, making this the most accurate description of their role. They help clients navigate complex financial situations, assess their financial health, and create strategies tailored to individual circumstances and objectives. This guidance can include recommendations on investment options, retirement planning, budgeting, and even risk management, enabling clients to make informed decisions that align with their financial aspirations.

Other functions, such as managing personal financial transactions directly, are generally not the primary responsibility of a financial advisor, as many clients prefer to maintain control over their daily finances. Selling investment products may be a component of an advisor's role, particularly if they are associated with a financial institution, but it is not the sole function. Preparing tax returns is typically the domain of accountants or tax professionals rather than financial advisors, who focus more on broader financial planning.