Which of the following best defines the role of a financial advisor?

The role of a financial advisor is best defined by their responsibility to provide guidance on financial planning and decisions. Financial advisors work with clients to help them understand their financial goals, assess their current financial situation, and develop strategies to achieve those goals. This involves comprehensive planning, which can include investment strategies, retirement planning, tax considerations, estate planning, and risk management.

Advisors typically collaborate with clients to create tailored financial plans that reflect individual circumstances and aspirations, ensuring that the advice aligns with the client's unique needs. This consultative approach is crucial for building trust and effectively supporting clients in making informed financial decisions.

In contrast, other options do not encompass the full scope of a financial advisor's role. The focus on high-net-worth individuals limits the breadth of their work, while offering legal advice is typically outside their expertise unless they are also licensed attorneys. Additionally, the sale of financial products without client consultation undermines the foundational principle of providing personalized, objective advice, which is central to the advisor-client relationship.