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Personal Finance Advisor

Short Description

Advise clients on financial plans utilizing 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 to establish investment strategies.


Wages & Employment Trends

  1. Median wages (2006) $31.79 hourly, $66,120 annual
  2. Employment (2006) 176,000 employees
  3. Projected growth (2006-2016) Much faster than average (21% or higher)
  4. Projected need (2006-2016) 88,000 additional employees



Sample of reported job titles: Financial Advisor, Portfolio Manager, Financial Planner, Account Executive, Registered Representative, Investment Advisor, Financial Consultant, Financial Counselor, Analyst, Certified Financial Planner (CFP).



  1. Sell financial products such as stocks, bonds, mutual funds, and insurance if licensed to do so.
  2. Build and maintain client bases, keeping current client plans up-to-date and recruiting new clients on an ongoing basis.
  3. Analyze financial information obtained from clients to determine strategies for meeting clients’ financial objectives.
  4. Answer clients’ questions about the purposes and details of financial plans and strategies.
  5. Review clients’ accounts and plans regularly to determine whether life changes, economic changes, or financial performance indicate a need for plan reassessment.
  6. Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, and other information needed to develop a financial plan.
  7. Recommend strategies clients can use to achieve their financial goals and objectives, including specific recommendations in such areas as cash management, insurance coverage, and investment planning.
  8. Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
  9. Research and investigate available investment opportunities to determine whether they fit into financial plans.
  10. Explain and document for clients the types of services that are to be provided, and the responsibilities to be taken by the personal financial advisor.


Tools & Technology

Tools used in this occupation:

  1. Desktop computers
  2. Notebook computers
  3. Personal computers
  4. Personal digital assistant PDAs or organizers — Personal digital assistants PDA
  5. Tablet computers


Technology used in this occupation:

  1. Customer relationship management CRM software — ACT! ACT4Advisors; CRM Software Junxure-i; Redtail Technology Our Business Online; Web Information Solutions Pocket Informant
  2. Document management software — Financeware Finance File Manager; ScanSoft PaperPort Pro; SunGard LockBox; WORLDOX software
  3. Financial analysis software — AdviceAmerica AdvisorVision; Finance Logix Retirement Planner; Torrid Retirement Planner; WealthTec WealthMaster
  4. Presentation software — Financial planning presentation software; Microsoft PowerPoint; MoneyTree Silver Financial Planner (presentation feature)
  5. Word processing software — Automatic Data Processing ProxyEdge; Financial report generation software; Microsoft Word.



  1. Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  2. Sales and Marketing — Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
  3. Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  4. English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  5. Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  6. Computers and Electronics — Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.



  1. Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  2. Time Management — Managing one’s own time and the time of others.
  3. Reading Comprehension — Understanding written sentences and paragraphs in work related documents.
  4. Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  5. Speaking — Talking to others to convey information effectively.
  6. Mathematics — Using mathematics to solve problems.
  7. Service Orientation — Actively looking for ways to help people.
  8. Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.
  9. Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  10. Management of Financial Resources — Determining how money will be spent to get the work done, and accounting for these expenditures.



  1. Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.
  2. Oral Expression — The ability to communicate information and ideas in speaking so others will understand.
  3. Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  4. Written Comprehension — The ability to read and understand information and ideas presented in writing.
  5. Written Expression — The ability to communicate information and ideas in writing so others will understand.
  6. Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
  7. Speech Clarity — The ability to speak clearly so others can understand you.
  8. Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.
  9. Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly.
  10. Speech Recognition — The ability to identify and understand the speech of another person.


Work Activities

  1. Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
  2. Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  3. Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
  4. Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  5. Judging the Qualities of Things, Services, or People — Assessing the value, importance, or quality of things or people.
  6. Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.
  7. Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.
  8. Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.
  9. Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.
  10. Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.


Work Context

  1. Telephone — How often do you have telephone conversations in this job?
  2. Electronic Mail — How often do you use electronic mail in this job?
  3. Face-to-Face Discussions — How often do you have to have face-to-face discussions with individuals or teams in this job?
  4. Structured versus Unstructured Work — To what extent is this job structured for the worker, rather than allowing the worker to determine tasks, priorities, and goals?
  5. Freedom to Make Decisions — How much decision making freedom, without supervision, does the job offer?
  6. Importance of Being Exact or Accurate — How important is being very exact or highly accurate in performing this job?
  7. Spend Time Sitting — How much does this job require sitting?
  8. Contact With Others — How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it?
  9. Frequency of Decision Making — How frequently is the worker required to make decisions that affect other people, the financial resources, and/or the image and reputation of the organization?
  10. Letters and Memos — How often does the job require written letters and memos?


Job Zone

Considerable Preparation Needed

  1. Overall Experience A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  2. Job Training Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  3. Job Zone Examples Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, human resource managers, computer programmers, teachers, chemists, and police detectives.
  4. SVP Range (7.0 to < 8.0).



Most of these occupations require a four – year bachelor’s degree, but some do not.



  1. Social — Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
  2. Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  3. Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.


Work Styles

  1. Integrity — Job requires being honest and ethical.
  2. Attention to Detail — Job requires being careful about detail and thorough in completing work tasks.
  3. Persistence — Job requires persistence in the face of obstacles.
  4. Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations.
  5. Independence — Job requires developing one’s own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
  6. Initiative — Job requires a willingness to take on responsibilities and challenges.
  7. Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems.
  8. Achievement/Effort — Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
  9. Stress Tolerance — Job requires accepting criticism and dealing calmly and effectively with high stress situations.
  10. Self Control — Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.


Work Values

  1. Relationships — Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.
  2. Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.


Other Occupation Details:

  1. Controller/Treasurer
  2. Chief Executive
  3. Financial Examiner
  4. Financial Manager
  5. Purchasing Manager
  6. Accountant
  7. Auditor
  8. Tax Examiner
  9. Bookkeeper
  10. Budget Analyst
  11. Financial Analyst
  12. Credit Analyst
  13. Supervisor
  14. Loan Officer
  15. Bill Account Controller
  16. Administrative Officer
  17. Purchasing
  18. Cost Estimator
  19. Tax Preparer
  20. Clerk – Junior Accountant
  21. Clerk – Statement
  22. Teller
  23. Cashier

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