They may provide additional services to provide consultation for tax planning, insurance, the buying of businesses, planning for children's education, and estate planning.

A stock broker who services individuals is also known as a financial advisor. Some financial advisors will also plan and manage other areas of your financial life besides investments, although most financial advisors stick to investments. Through forms and interviews with you, he will gather the data he needs to analyze your financial condition and its prospects.

He will use gathered information to locate opportunities suited to your financial situation, come up with a plan to introduce you to these opportunities, and will then manage them for optimal performance. The job of a personal financial advisor is to provide you with investment advise in the context of your overall financial plan. All parts of your financial life impact the bottom line; having a financial advisor who also attends to areas besides investments will probably result in a better.

Stock brokers who are also personal financial advisors will not just ask you how much money you have to invest and set about to invest it in the most promising products; they will first do a careful analysis of your cash flow, you revenues, your expected advancement, and take into consideration your financial objectives.