Personal Financial Advisors

Also called: Certified Financial Planner (CFP), Financial Advisor, Financial Planner

Career Cluster: Finance
What they do:
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.
On the job, you would:
  • 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.
  • Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
  • Manage client portfolios, keeping client plans up-to-date.
KNOWLEDGE

Safety and Government
  • law and government
Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics
  • psychology
Arts and Humanities
  • English language
Business
  • customer service
  • accounting and economics
SKILLS

Basic Skills
  • listening to others, not interrupting, and asking good questions
  • reading work related information
People and Technology Systems
  • thinking about the pros and cons of different options and picking the best one
  • figuring out how a system should work and how changes in the future will affect it
Problem Solving
  • noticing a problem and figuring out the best way to solve it
ABILITIES

Math
  • add, subtract, multiply, or divide
  • choose the right type of math to solve a problem
Ideas and Logic
  • make general rules or come up with answers from lots of detailed information
  • use rules to solve problems
Verbal
  • communicate by speaking
  • communicate by writing
PERSONALITY

People interested in this work like activities that include leading, making decisions, and business.

They do well at jobs that need:
  • Integrity
  • Dependability
  • Attention to Detail
  • Analytical Thinking
  • Concern for Others
  • Achievement/Effort
TECHNOLOGY

You might use software like this on the job:

Presentation software
  • Financial planning presentation software
  • Microsoft PowerPoint
Financial analysis software
  • Oracle E-Business Suite Financials
  • WealthTec Foundations
Customer relationship management CRM software
  • Microsoft Business Contact Manager
  • Salesforce software
EDUCATION


bachelor's degree or certificate after college
usually needed
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JOB OUTLOOK


Bright
New job opportunities are very likely in the future.


Salary:
High: $239,200.00
Median: $99,580.00
Low: $48,730.00
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