Financial Services
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate.
Financial Services Industry
Personal Financial Advisors
Average
$92,180
ANNUAL
$44.32
HOURLY
Entry Level
$37,530
ANNUAL
$18.05
HOURLY
Mid Level
$64,100
ANNUAL
$30.82
HOURLY
Expert Level
$166,310
ANNUAL
$79.96
HOURLY
Personal Financial Advisors
6,580
Projected job openings through 2030
Personal Financial Advisors
Job Titles
Entry Level
JOB TITLE
Assistant/Associate Personal Financial Advisor
Mid Level
JOB TITLE
Personal Financial Advisor
Expert Level
JOB TITLE
Senior Personal Financial Advisor
Supporting Programs
Personal Financial Advisors
Personal Financial Advisors
01
Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
02
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
03
Manage client portfolios, keeping client plans up-to-date.
04
Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
05
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
06
Answer clients' questions about the purposes and details of financial plans and strategies.
07
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
08
Contact clients periodically to determine any changes in their financial status.
09
Investigate available investment opportunities to determine compatibility with client financial plans.
10
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
Personal Financial Advisors
Common knowledge, skills & abilities needed to get a foot in the door.
KNOWLEDGE
Customer and Personal Service
KNOWLEDGE
Economics and Accounting
KNOWLEDGE
English Language
KNOWLEDGE
Mathematics
KNOWLEDGE
Psychology
SKILL
Active Listening
SKILL
Reading Comprehension
SKILL
Speaking
SKILL
Writing
SKILL
Critical Thinking
ABILITY
Oral Comprehension
ABILITY
Oral Expression
ABILITY
Speech Clarity
ABILITY
Written Comprehension
ABILITY
Written Expression
Financial Services
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