There is no regulatory difference between a financial planner and advisor in Australia. Both must hold approved qualifications, pass the exam, complete the Professional Year, follow the Code of Ethics, and be listed on the ASIC Financial Adviser Register to provide personal advice to retail clients.
Financial Planner
- Making budget plans for clients
- Crafting customizable strategies for investment
- Assessing clients’ needs for insurance
- Guiding clients through retirement planning
- Creating plans for building and preserving wealth
Financial Advisor
- Commending strategies that align with clients’ goals
- Evaluating clients’ risk tolerance
- Creating and managing financial portfolios
- Giving pertinent tax planning insights
- Providing advice for retirement planning
Choose an adviser based on qualifications, experience, fee model, and service fit. Verify their registration and ask for transparent fee documentation and a Statement of Advice.
International students should target employers offering Professional Year supervision and training support after graduation.
Explore business programs aligned to advice careers and the 485 visa.
