Accountant vs Financial Advisor

  1. What does a financial advisor or accountant charge?
Professional Advisor giving a a couple advice.

If you’re trying to gain control over your finances, you may not know where to turn. Perhaps you are wondering whether you should seek the help of an accountant or a financial advisor. There are professionals out there who can help you if something is keeping you awake at night.

Here are a few pointers on the differences between an accountant and a financial advisor. The full article can be found here.

How do accountants and financial advisors differ?

Experts in their fields, advisors and accountants are widely sought after. They have extensive financial education that qualifies them to manage other people’s money. Businesses can use both to determine whether their growth plans will succeed, or parents can use both to set up university funds.

Knowing how accountants and advisors differ will help you understand how they can help you. Let’s take a closer look at each.

Financial advisors

A financial advisor can assist people in achieving their financial goals, from first-time buyers and young families to retirees and investors. They’re regulated by the Financial Conduct Authority (FCA), which protects consumers in the UK.

Many tasks can be handled by a financial advisor, including:

  • Retirement planning
  • Budgeting
  • Making investments
  • Estate tax planning
  • Inheritance tax planning
  • Debt reduction
  • Cash flow modelling


As with financial advisers, accountants must pass exams to maintain their certification to assist you with your finances. Among their daily duties are bookkeeping, tax preparation, and analysing business performance. Alternatively, they may specialise in areas like law, financial management, or forensic accounting.

An accountant can help with:

  • Tax preparation
  • Auditing
  • Financial forecasting
  • Bookkeeping
  • Writing a business plan

What does a financial advisor or accountant charge?

For more information on how much these professionals tend to charge, please read our full article, which goes into more detail.

When to get help from a professional

Taking some time to reflect and note all your concerns, goals and aspirations will help you get the most out of their services. Here are a few common situations where speaking to a professional can help.

  • Pensions
  • Mortgages
  • Insurance
  • Investments
  • Business

I hope you enjoyed this quick summary of the differences between an accountant and financial advisor. For a more comprehensive list and detail of the differences, please read our full blog.

How to connect to a financial advisor

You can connect to a local financial advisor in a few clicks. It doesn’t matter where you are located in the UK, from Bury St Edmunds to Rotherham , can match you with the right financial advisor in your area, for your needs.