Financial Advisor
A financial advisor (adviser) is a professional who provides financial guidance for compensation. These money managers offer a variety of services. For example, they can provide financial planning, portfolio management, and investor education.
Financial Asset
A financial asset is a non-physical item of monetary value. Examples of financial assets include banks accounts, stocks, bonds, and mutual funds.
Financial Liability
A financial liability is a monetary obligation that one must pay, usually over time. Examples of liabilities include taxes due, unpaid bills, mortgage payments, loans, and credit card debt.
Financial Literacy
Financial literacy is the ability to use monetary knowledge to acquire and communicate meaning in all aspects of economic life.
Financial Planning
Financial planning is a process that defines one’s economic goals and develops strategies to achieve them.
Financial Services
Financial services are a category of businesses that serves the finance industry. This sector includes banks, credit unions, accounting firms, brokerage companies, insurance agencies, and mutual funds.