Ellen is considering whether to open a savings account or buy stock. Her financial advisor tells her that investing involves risk, but will help her money grow. Savings accounts are safe, which means she can access for money quickly.
What is a financial advisor?
Financial advisor is the one who analysis and evaluates the financial conditions of the income and expenditure of the company or a person's finance. An expert who provides expertise for customers' financial, investment, and personal decision-making is a financial advisor. Financial advisors may be employed or hired as independent contractors by a larger financial institution.
People may not always have the time to monitor and reevaluate the success of their investments, so a financial advisor can help. To make sure that the investments are in line with the financial objective, regular portfolio monitoring is required.
Thus, it is risk and safe.
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