Managing your finances isn’t just about numbers—it can also be emotional. That’s why different financial professionals exist to help in distinct ways. Whether you're looking for guidance on emotional money habits, long-term planning, or investment strategies, understanding these roles can help you choose the right expert.

What is a Financial Therapist?

A financial therapist helps individuals and couples understand the emotional and psychological aspects of money. They work on:

• Money-related stress and anxiety

• Spending and saving behaviors

• Financial conflicts in relationships

• Breaking unhealthy financial habits

Financial therapists often have backgrounds in psychology and financial planning, helping clients make healthier financial decisions by addressing deep-seated money beliefs.

What is a Financial Planner?

A financial planner focuses on creating a comprehensive financial plan based on your needs and long-term goals. They take a holistic approach, looking at your entire financial picture, including:

• Budgeting

• Retirement planning

• Investments

• Insurance

• Estate planning

Planners often hold certifications like Certified Financial Planner (CFP®), which requires rigorous training in financial planning principles. If you're looking for someone to map out a step-by-step plan for your financial future, a financial planner is the way to go.

What is a Financial Strategist?

A financial strategist specializes in big-picture financial decision-making and optimizing financial opportunities. Their role is more about maximizing wealth and efficiency rather than handling day-to-day finances.

Financial strategists often work with high-net-worth individuals or businesses to:

• Develop tax-efficient strategies

• Optimize investment portfolios

• Structure business finances for growth

• Create wealth-building strategies

Unlike financial planners, strategists may not be required to hold specific licenses, but they often have backgrounds in finance, economics, or business consulting.

What is a Financial Advisor?

A financial advisor is a broader term that encompasses professionals who provide investment and financial guidance. Advisors can work with individuals or businesses and may specialize in different areas such as:

• Investment management

• Wealth preservation

• Risk assessment

• Retirement planning

Some financial advisors are fiduciaries, meaning they are legally required to act in their client's best interests. Others work on a commission basis, earning money from selling financial products. Common certifications for advisors include Certified Financial Planner (CFP®) or the Series 65 License.

Which One Do You Need?

• Struggling with emotional money habits? See a financial therapist.

• Need a comprehensive financial plan? Go with a planner.

• Want to maximize wealth and efficiency? A strategist is your best bet.

• Looking for investment advice? Choose an advisor.

Choosing the right financial professional depends on your financial situation and goals. Whether you're planning for retirement, growing a business, or managing investments, understanding these roles can help you make informed decisions about your financial future.