What is the difference between Chartered Accountants and Financial Planning


There are many people who want to become financial planners, but not everyone knows that there is an entry level for this profession. In fact, there are two types of people who can become financial planners: Chartered Accountant and Financial Planner. This article will explain the difference between these two professions and help you decide which one suits your needs better.

Both require good knowledge of accounting.

  • Accountants are required to have knowledge of accounting, which is the study of financial statements. In other words, they need to know how to read an income statement or balance sheet and understand what it means.
  • Financial planners also need good knowledge of accounting but not as much as accountants do because they’ll be dealing with more complex issues than just reading numbers on paper every day.

Chartered Accountants are more qualified.

A financial planner needs to have a client-centric approach to work.

The client is the most important person in the equation, and it’s vital that they feel comfortable with their adviser. The best way for you as an accountant or auditor will be able to do this is if you can provide them with clear information about what your role involves, how long it will take and how much it costs (if any). This will also help them make an informed decision on whether or not they want your services!

Financial planners need to know tax planning and investment strategies.

Financial planners need to understand the client’s financial situation.

Financial planners need to have a client-centric approach, which means that they’ll focus on what’s best for your individual needs, not just their own.

A good financial planner will also have good communication skills so that he or she can talk with you about any questions or concerns you might have about taxes or investments in general.

Chartered Accountants can opt for financial planning as one of the services for their clients.

Chartered Accountants can opt for financial planning as one of the services for their clients. Financial planning is a good supplement to their core services, as it helps them understand how all elements of a business plan work together, and what factors are important in order to achieve success.

If you’re a chartered accountant or financial consultant and have questions about how best to serve your clients’ needs in this area, don’t hesitate to reach out!

Chartered Accountants are experts in legal and tax compliance (regulations).

As a chartered accountant, you will be required to complete a range of courses and training in order to become a qualified professional. These include:

  • Taxation, compliance and audit (TCA)
  • Financial planning (FP)
  • Business analysis

Financial planners are experts in dealing with financial matters of families and individuals.

Financial planners help families and individuals manage their finances. They can help you with budgeting, savings and investments, tax planning, insurance and retirement planning. Financial planners may also be able to provide estate planning for you or your loved ones (including wills and trusts) if needed. An experienced financial planner will also be able to advise on business planning as well as other important matters such as charitable giving or starting a small business yourself!

Both professions involve knowledge of accounting and finance, but have different focuses. Chartered accountants focus on tax planning and compliance, while financial planners are typically focused on financial planning.


There are some similarities between the two, but many differences as well. Both require good knowledge of accounting and finance, but have different focuses. The main difference is that Financial Planners focus on helping clients take control of their finances, while Chartered Accountants focus more on tax planning and compliance

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