Different between Financial planning and Investment planning

Financial Planning

According to Investopedia, a financial plan is “a comprehensive evaluation of an investor’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans.” Things like savings, budgeting, insurance, investments, taxes, estate planning, and retirement are all part of a solid financial plan.
In other words, financial planning involves assessing every aspect of your financial life to help you create a comprehensive financial plan (or strategy) to help you reach your short and long-term financial goals. An intelligent financial plan that changes as your life changes is imperative to successfully achieving your financial goals.
A financial advisor can help with financial planning, and will provide financial advice for compensation.

Investment Planning 

Investment planning is about creating an investment plan and sticking to it (even when you see your investments go down). It factors in your risk tolerance, diversification, and asset allocation, in order to maximize your returns.
Investment advisors provide guidance to clients (for fees), and often have a level of discretionary authority that’s generally established during the client on-boarding process. This allows them to act on behalf of their clients, without needing formal permission before executing an action.
One of the biggest advantages to working with an investment advisor is that they can help keep you calm during market volatility.

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