Financial coaches don't manage your money or investments, so they don't charge a fee based on assets under management (AUM) the way some financial advisors do. Rates for financial coaches can vary, but hourly rates of $100 to $300 are fairly common.

A financial coach is not licensed to give specific investment advice, which makes them different from financial advisors. If you're looking to become a financial coach, consider pursuing a counselor certification and building your personal knowledge base.

If you're looking for a financial counselor or coach, finding a professional who holds either the AFCPE's Accredited Financial Counselor or Financial Fitness Coach designation can ensure you work with an experienced and certified individual. You can find a coach through the AFCPE's website.

What is Financial Wellness Coaching? Our Financial Wellness Program helps students reduce financial stress, improve financial management skills, and learn more about their money and personal finance through one-on-one coaching and interactive workshops.