“However, not everyone is a fan—including certified financial planner Filip Telibasa, owner of Benzina Wealth in Sarasota, FL, who warns his clients to be wary of finfluencers.

"The claims made in social media posts do not necessarily represent all of the facts," says Telibasa. "In other words, all of the variables and assumptions are not properly disclosed and therefore skew the picture being painted by the influencer."