Personal Financial Advisors
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.
55 alternate job titles:
Account Manager
Asset Analyst
Asset Manager
Budget Counselor
Certified Financial Planner (CFP)
Chartered Financial Analyst (CFA)
Client Advisor
Credit Counselor
Debt Counselor
Estate Planner
Estate Planning Counselor
Estate Trustee
Finance Consultant
Financial Advisor
Financial Advisor Associate
Financial Agent
Financial Consultant
Financial Coordinator
Financial Counselor
Financial Investment Adviser
Financial Investment Advisor
Financial Life Planner
Financial Planner
Financial Relationship Consultant
Financial Retirement Plan Specialist
Financial Solutions Advisor
Fiscal Specialist
Individual Pension Adviser
Individual Pension Consultant
Insurance Advisor
Insurance Consultant
Investment Advisor
Investment Consultant
Investment Counselor
Investment Representative (Investment Rep)
Money Manager
Patient Financial Counselor
Pension Advisor
Pension Consultant
Personal Banker
Personal Financial Advisor
Personal Financial Counselor
Personal Financial Planner
Personal Investment Advisor
Portfolio Manager
Private Client Advisor
Private Wealth Management Associate (PWM Associate)
Securities Consultant
Securities Counselor
Socially Responsible Investment Advisor (SRI Advisor)
Strategist
Wealth Advisor
Wealth Management Advisor
Wealth Management Associate
Wealth Manager
Salary Information
Personal Financial Advisors: $102,140 (median) per year.
Starting salary (10th percentile).
Required expreience: Varies by Company
Data source: U.S. Bureau of Labor Statistics
Daily Tasks & Responsibilities
| Task Description | Category |
|---|---|
| Assess financial status of clients. | Analysis |
| Analyze market conditions or trends. | Analysis |
| Correspond with customers to answer questions or resolve complaints. | General |
| Interview clients to gather financial information. | General |
| Implement financial decisions. | General |
| Prepare financial documents, reports, or budgets. | General |
| Interpret financial information for others. | General |
| Advise others on financial matters. | General |
| Educate clients on financial planning topics. | General |
| Confer with others about financial matters. | General |
| Compute debt repayment schedules. | General |
| Disburse funds from clients accounts to creditors. | General |
| Recommend investments to clients. | General |
| Identify strategic business investment opportunities. | General |
| Develop business relationships. | Development |
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Technology Requirements
| Technology | Description |
|---|---|
| Microsoft Excel | Spreadsheet software |
| Microsoft Office software | Office suite software |
| Microsoft PowerPoint | Presentation software |
| Microsoft Dynamics | Enterprise resource planning ERP software |
| Microsoft Outlook | Electronic mail software |
| Microsoft Project | Project management software |
| Microsoft Visual Basic | Development environment software |
| Microsoft Word | Word processing software |
| Salesforce software | Customer relationship management CRM software |
| Swift | Object or component oriented development software |
| ACT! ACT4Advisors | Customer relationship management CRM software |
| ASI Client Acquisition Solution | Financial analysis software |
| Advent Axys | Financial analysis software |
| AdviceAmerica AdvisorVision | Financial analysis software |
| Advisory World ICE | Financial analysis software |
| Asset allocation software | Financial analysis software |
| Automatic Data Processing ProxyEdge | Word processing software |
| Brentmark Stock Option Risk Analyzer | Financial analysis software |
| Cabinet NG CNG-SAFE | Document management software |
| Cheshire Financial Planning Suite | Financial analysis software |
| ComplianceMAX | Compliance software |
| Corel QuattroPro | Spreadsheet software |
| Cygnus IncomeMax | Financial analysis software |
| DataViz Beyond Contacts | Customer relationship management CRM software |
| EISI NaviPlan | Financial analysis software |
| EZ-Data Client Data System | Customer relationship management CRM software |
| Education planning software | Financial analysis software |
| Estate Capitol Needs Analysis | Financial analysis software |
| Estate planning software | Financial analysis software |
| ExpenseWatch | Financial analysis software |
| Finance Logix Education Planner | Financial analysis software |
| Finance Logix Insurance Planner | Financial analysis software |
| Finance Logix Retirement Planner | Financial analysis software |
| Financeware AASim | Financial analysis software |
| Financeware Finance File Manager | Document management software |
| Financeware WealthSimulator | Financial analysis software |
| Financial Planning Consultants Practice Builder | Customer relationship management CRM software |
| Financial Profiles Profiles+ Professional | Financial analysis software |
| Financial planning presentation software | Presentation software |
| Financial planning software | Financial analysis software |
| Financial report generation software | Word processing software |
| Fund accounting software | Accounting software |
| Getting Things Done GTD software | Customer relationship management CRM software |
| Host Analytics Host Budget | Financial analysis software |
| IBM Domino | Communications server software |
| IBM Lotus 1-2-3 | Spreadsheet software |
| IMPACT Wealth Distribution Analysis | Financial analysis software |
| Ibbotson Analyst | Financial analysis software |
| Ibbotson Portfolio Strategist | Financial analysis software |
| Impact PlanLabX3 | Financial analysis software |
| Investigo | Customer relationship management CRM software |
| Investment and business valuation template software | Financial analysis software |
| Investment tracking software | Financial analysis software |
| J&L Financial Planner | Financial analysis software |
| Junxure CRM Software | Customer relationship management CRM software |
| MasterPlan | Financial analysis software |
| Microsoft Business Contact Manager | Customer relationship management CRM software |
| Microsoft Money | Financial analysis software |
| MoneyTree Silver Financial Planner (financial analysis feature) | Financial analysis software |
| MoneyTree Silver Financial Planner (presentation feature) | Presentation software |
| Monte Carlo simulation software | Analytical or scientific software |
| Morningstar Principia | Financial analysis software |
| Needs analysis software | Financial analysis software |
| Net Worth Strategies Stock Opter Pro | Financial analysis software |
| Optima IAS | Financial analysis software |
| Oracle E-Business Suite Financials | Financial analysis software |
| Oracle Hyperion | Enterprise resource planning ERP software |
| Oracle PeopleSoft Financials | Enterprise resource planning ERP software |
| PIE Technologies MoneyGuidePro | Financial analysis software |
| Pimlico Software DateBk | Calendar and scheduling software |
| PlanPlus Pro | Financial analysis software |
| PlanScan Portfolio Pathfinder | Financial analysis software |
| Portfolio management software | Financial analysis software |
| ProTracker Advantage | Customer relationship management CRM software |
| Quicken | Financial analysis software |
| Redtail Technology Our Business Online | Customer relationship management CRM software |
| Retirement planning software | Financial analysis software |
| Sage 50 Accounting | Accounting software |
| Sawhney ExecPlan | Financial analysis software |
| ScanSoft PaperPort Pro | Document management software |
| ScenarioNow RetireNow | Financial analysis software |
| SunGard Frontier | Financial analysis software |
| SunGard LockBox | Document management software |
| SunGard PlanningStation | Financial analysis software |
| SunGard WebPlaid | Financial analysis software |
| Tax planning software | Financial analysis software |
| The Omni Group OmniPlan | Financial analysis software |
| Thomson ONE Advisor | Financial analysis software |
| Torrid Retirement Planner | Financial analysis software |
| Unger Software Methusaleh | Financial analysis software |
| WealthTec AllocationPro | Financial analysis software |
| WealthTec Foundations | Financial analysis software |
| WealthTec WealthMaster | Financial analysis software |
| Web Information Solutions Pocket Informant | Customer relationship management CRM software |
| Web browser software | Internet browser software |
| World Software Corporation Worldox | Document management software |
| eMoneyAdvisor AdvisorPlatform | Customer relationship management CRM software |
| Microsoft Access | Data base user interface and query software |
| Microsoft SQL Server | Data base user interface and query software |
| Structured query language SQL | Data base user interface and query software |
| FileMaker Pro | Data base user interface and query software |
| Practice management software PMS | Data base user interface and query software |
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Relevant Certifications
Industry certifications that may be valuable for this career role:
| Certification | Issuing Organization | Practice Test |
|---|---|---|
| Accredited Estate Planner | National Association of Estate Planners & Councils | Not Available |
| Accredited Retirement Advisor | Accreditation Council for Accountancy and Taxation | Not Available |
| Accredited Retirement Plan Consultant | Society of Professional Asset Managers and Record Keepers | Not Available |
| Accredited Retirement Plan Specialist | Society of Professional Asset Managers and Record Keepers | Not Available |
| Accredited Tax Advisor | Accreditation Council for Accountancy and Taxation | Not Available |
| Accredited Tax Preparer | Accreditation Council for Accountancy and Taxation | Not Available |
| Associate in Insurance Accounting and Finance | The Institutes | Not Available |
| Associate, Life Management Institute | LOMA | Not Available |
| Associate, Secure Retirement Institute | LOMA | Not Available |
| Certification in Long Term Care | Corporation for Long Term Care Certification | Not Available |
| Certified Annuity Specialist | Institute of Business & Finance | Not Available |
| Certified Chartered Portfolio Manager | American Academy of Financial Management | Not Available |
| Certified Chartered Wealth Manager | American Academy of Financial Management | Not Available |
| Certified Credit Union Financial Counseling | Credit Union National Association | Not Available |
| Certified Divorce Financial Analyst | Institute for Divorce Financial Analysts | Not Available |
| Certified Estate Specialist | National Auctioneers Association | Not Available |
| Certified Estate and Trust Specialist | Institute of Business & Finance | Not Available |
| Certified Financial Examiner - Financial Analyst | Society of Financial Examiners | Not Available |
| Certified Financial Planner | Certified Financial Planner Board of Standards, Inc. | Not Available |
| Certified Financial Technician | The International Federation of Technical Analysts Inc. | Not Available |
| Certified Funds Specialist | Institute of Business & Finance | Not Available |
| Certified IRA Services Professional | American Bankers Association | Not Available |
| Certified Income Specialist | Institute of Business & Finance | Not Available |
| Certified Insolvency and Restructuring Advisor | Association of Insolvency and Restructuring Advisors | Not Available |
| Certified Investment Management Analyst | Investment and Wealth Institute | Not Available |
| Certified Management Accountant | The Association of Accountants and Financial Professionals in Business | Not Available |
| Certified Pension Consultant | American Society of Pension Professionals and Actuaries | Not Available |
| Certified Personal and Family Finance Educator | American Association of Family and Consumer Sciences | Not Available |
| Certified Retirement Counselor | International Foundation for Retirement Education | Not Available |
| Certified Senior Advisor | Society of Certified Senior Advisors | Not Available |
| Certified Social Security and Medicare Specialist | Institute of Business & Finance | Not Available |
| Certified Trust and Fiduciary Advisor | American Bankers Association | Not Available |
| Certified in Financial Forensics | American Institute of Certified Public Accountants | Not Available |
| Chartered Alternative Investment Analyst Level II | CAIA Association | Not Available |
| Chartered Financial Analyst | CFA Institute | Not Available |
| Chartered Market Technician - Level I | Market Technicians Association | Not Available |
| Chartered Market Technician - Level II | Market Technicians Association | Not Available |
| Chartered Market Technician - Level III | Market Technicians Association | Not Available |
| Chartered Property Casualty Underwriter | The Institutes | Not Available |
| Chartered Trust and Estate Planner | American Academy of Financial Management | Not Available |
| Fellow, Life Management Institute | LOMA | Not Available |
| Fellow, Secure Retirement Institute | LOMA | Not Available |
| Financial Information Associate | Software & Information Industry Association | Not Available |
| Master Financial Planner | American Academy of Financial Management | Not Available |
| Master of Financial Technical Analysis | The International Federation of Technical Analysts Inc. | Not Available |
| Personal Financial Specialist | American Institute of Certified Public Accountants | Not Available |
| Qualified 401(k) Administrator | American Society of Pension Professionals and Actuaries | Not Available |
| Qualified Plan Financial Consultant | National Association of Plan Advisors | Not Available |
| Registered Financial Associate | International Association of Registered Financial Consultants | Not Available |
| Registered Financial Planner | Registered Financial Planners Institute | Not Available |
| Registered Financial Specialist | American Academy of Financial Management | Not Available |
| Retirement Plans Associate | International Foundation of Employee Benefit Plans | Not Available |
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