I am a money coach and I still need a financial advisor myself. The following table will better help you understand the difference between my services and those of a financial advisor:
| Financial Advisor | Money Coach |
|---|---|
| Gives investment advice based on market conditions and your investor profile | Helps you uncover your subconscious money patterns that are blocking you.Gives personal finance solutions tailored to your lifestyle and your financial situation |
| Sells investment products (stocks, mutual funds, GICs,…) | Does NOT sell any financial product |
| Manages your investment portfolio | Schedules support sessions to monitor your financial progress and coaches you throughout the change process |
| Takes you on as a client only if you have money to invest | Shows you how to change your behavior so you can start saving money (… to eventually invest it with your financial advisor!) |