Neither is better; they do different jobs. Financial planners give personal advice on investments, superannuation, insurance, and retirement strategies. Accountants focus on tax compliance, business structures, and financial statements. Many Australians use both, and some firms offer integrated advice from licensed planners and registered tax agents.
Accountants are responsible for auditing, financial forecasting, and creating financial statements. When it comes to salaries, they receive a steady monthly income. Financial planners strategize plans for managing wealth and designing retirement plans for clients. They receive a commission-based salary.
Only licensed advisers can give personal financial product advice. Only registered tax agents can provide tax agent services. For complex situations, a planner and accountant working together deliver comprehensive outcomes.
International students can upskill in both areas to boost employability, particularly in advice practices that value tax literacy and compliance strength.
Consider accounting courses in Australia alongside business programs.
