Financial adviser are responsible for many tasks, including managing portfolios full of stocks and bonds; advising clients on appropriate asset allocation between stocks/bonds/cash holdings; investment planning for long-term goals like college savings or retirement income needs. They also review tax implications when making decisions about investments, discuss future goals, plans, etc. They usually work in teams where each adviser has a different specialization, so they may not only be advising you on investments but also insurance or retirement planning.