Financial coaching vs advice: Understanding the difference

The financial coach and financial wellbeing speaker shared her thoughts on a recent NextGen Planners Podcast, as well as the benefits of financial coaching and understanding the emotions behind money. The difference between coaching and advising Moore explained that the main difference is that financial advice is specific and an adviser will recommend financial products for clients to utilise, whereas coaching is more focused on education and giving people the knowledge they need. "Guiding and mentoring to help people grow confidence to make certain decisions," she said. Moore ad...