As part of financial planning week 2019, financial planner Catherine Morgan explains the difference between financial advice and financial planning
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What is the difference between financial advice and financial planning?
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What is the difference between financial advice and financial planning?
financial advice
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Financial advice could be someones opinion eg you need life cover whilst financial planning is completing a review of clients financial situation, goals objectives etc, then analysis followed by a recommendation that yes you need life covers of X but you also need to do the following…..