In Australia, financial planner and financial advisor are effectively the same regulated role. Both must meet the same education, exam, Professional Year, ethics, and registration requirements before giving personal advice to retail clients. Title choice usually reflects marketing rather than any formal difference. One job isn’t necessarily better than the other because they have are roles and have different responsibilities.
Financial Planner:
- Crafting detailed budget plans
- Developing personalised investment strategies
- Analysing insurance needs
- Guiding clients through retirement planning
- Designing estate plans to preserve wealth
Financial Advisor:
- Recommending investment strategies to align with goals
- Assessing risk tolerance to determine the best financial moves
- Building and managing diversified portfolios
- Providing tax planning insights
- Offering retirement planning advice
Always check the ASIC Financial Adviser Register, ask for clear fee disclosure, and ensure you receive a Statement of Advice. Choose based on qualifications, experience, service model, and rapport rather than the title on the business card.
International students should look for employers offering Professional Year supervision and training support.
Explore business courses aligned to financial planning and read about post‑study work rights.
