| Occupation | |
|---|---|
| Names | Registered representative, financial advisor, investment advisor representative, private banker, attorney, insurance producer, insurance agent, accountant |
Occupation type | Profession |
Activity sectors | Financial services, private banking, banking, business |
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
Relationships between clients and financial advisors can be characterized by principal-agent problems, as financial advisors may possess information and conflicts of interest that lead to dishonest advice and misconduct.[1]
- ^ Egan, Mark; Matvos, Gregor; Seru, Amit (2024). "The Problem of Good Conduct among Financial Advisers". Journal of Economic Perspectives. 38 (4): 193–210. doi:10.1257/jep.38.4.193. ISSN 0895-3309.