Role of Accountants
Accountants can take many and various career paths for instance, financial advising. However, not all accountants are financial advisors. Tax accountants will know which investments give the best tax advantage for individuals although they are not necessarily certified financial planners. If financial advice is required, it is recommended to seek a certified financial planner as they will give you more in depth information about investing, risks etc. Some financial planners are employed by financial institutions whilst others are independent. Independent financial planners are those who accept a fee from the investor rather than a commission from the financial institution.
Here are some links that contain information which will provide some financial advice:
LINKS:
Future Advisor: https://www.futureadvisor.com/
This site provides free adivce and a monthly fee of $9 or $19 for investment management, depedning on assets.
Kiplinger: http://www.kiplinger.com/
This website provides business forecasts and personal finance advice across the entire media spectrum. The site also has a section for the first time investor who needs to know the basics.
Australian Securities Exchange (ASX): www.asx.com.au/
The ASX is a site that offers stock quotes, market data, share prices, tools and resources. It is a portal for personal investors that provides detailed information about investing in ASX products, getting prices, researching companies and announcements, finding a broker, accessing market data and creating personalwatchlists.
Bloomberg:http://www.bloomberg.com/
Bloomberg presents up to date business analysis and financial data. This site has an easy to understand personal finance section with news supported by videos and calculator tools. As well, the news coverage on the site is international.
Wealthfront: https://www.wealthfront.com/
For those who do not know where to invest their money, this site will determine how to allocate your money based on your finances, investment goals and risk tolerance. It also continues to monitor and automatically rebalance your portfolio to maintain the target allocation.
(Source: Accounting Concepts and Applications 4th edition, Phillipa Greig, Joan Mackay, Stacey Beaumont, Rosette Sanger, 2008)