Understanding the Differences: Accountant vs Financial Advisor vs Mortgage Broker

In the complex world of finance, it’s easy to feel overwhelmed by the different roles that professionals play. It can be confusing to understand what each professional does and how they can help you. In this blog, we’re going to break down the roles, highlighting their similarities, differences, and how each can support your needs.

Understanding the Role of an Accountant

The first role we’ll dissect is that of an accountant, as that is who we are! Accountants are financial experts responsible for the production of business-related financial records, tax filing, auditing, and more. We work closely with both individuals and businesses to ensure that your business finances are in order, that you are compliant with tax laws, and that you are making the most of your financial resources.

An accountant can help you with your personal or business taxes, ensuring that you are not paying more than you need to. We can help you manage your financial records, making sure that you are keeping track of your income and expenses correctly. For businesses, accountants can provide valuable advice on how to improve profitability and reduce costs. We can also assist with financial forecasting, helping businesses plan for the future. In a nutshell, an accountant enables you to make informed business decisions.

The role of an accountant is crucial in maintaining financial health and ensuring compliance with the law. It’s a role that requires a deep understanding of finance, excellent attention to detail, and a commitment to staying up-to-date with the latest tax laws and regulations.

Understanding the Role of a Financial Advisor

Now, let’s turn our attention to financial advisors. A financial advisor is a professional who tends to help individuals make informed decisions about their personal finances. They provide advice on a range of financial matters, including investments, retirement planning, estate planning, and insurance.

Understanding the Role of a Mortgage Broker

Our third professional is a mortgage broker. A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together. They do not use their own funds to originate mortgages but facilitate these loans for others.

A mortgage broker can help you find the right mortgage loan that suits your financial situation and needs. They will guide you through the application process, helping you understand the terms and conditions of each loan option.

The Similarities Between an Accountant, Financial Advisor, and Mortgage Broker

Despite the differences, these three professions also share some similarities. We all work closely with clients, providing them with financial advice and guidance. The key point is that as accountants, your mortgage broker or financial adviser will approach us to provide relevant information they need about you or your business for the service they are providing.

Hiring an Accountant, Financial Advisor, or Mortgage Broker

If you are unsure about who to use, we are always happy to put you in touch with trusted other advisers, if the enquiry is not one, we as accountants can assist with.

Whatever you do, look for professionals who are qualified, experienced, and have a good reputation. You should also look for professionals who understand your specific needs and can provide personalised advice and guidance.

The UK has professional bodies for each of these roles. For accountants, look for membership in bodies like the Association of Chartered Certified Accountants (ACCA) of which we are a member. For financial advisors, look for membership in the Personal Finance Society (PFS) or the Chartered Institute for Securities & Investment (CISI). For mortgage brokers, look for membership in the Association of Mortgage Intermediaries (AMI) or the National Association of Commercial Finance Brokers (NACFB).


Understanding the roles of an accountant, financial advisor, and mortgage broker can help you make informed decisions about your financial needs. Whether you’re looking for help with taxes, financial planning, or securing a mortgage loan, these professions can all provide valuable advice and guidance.

If you’re looking for an accountant, please get in touch. We’d love to hear from you.