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Personal Financial Advisors Job Description

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Personal Financial Advisors

The following job description describes the common responsibilities for this occupation.

Job 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.

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Job Description of a Financial Planner - Comments

The job description of a financial planner can be summed up as helping people attain their long-term goals, whether it be purchasing a dream home, saving for a child's college education, or retiring early. The job description of a financial planner involves assessing all sources of revenue, including salaries and investments, and creating a budget for clients that meets their various long-term goals, hopefully without restricting their current quality of life. A financial planner is also involved in optimizing investments to yield the best return. As a client moves through major life changes, such as marriage and retirement, the job description of a financial planner may include modifying the initial financial map to accommodate the client's changing needs and goals.

According to a recent PayScale Financial Planner Survey, financial planners often move into the job from a wide range of occupations. Five years prior to having a financial planner job title, some worked as Associate Financial Planners, while others started out as a waiter or sales associate. The survey also shows that a career in financial planning often leads to becoming a Certified Financial Planner or a Financial Analyst. To research both the salary and job description of a financial planner, or to find job titles, descriptions, and salaries for other positions, you can take our free Salary Survey.

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