A financial advisor is in direct contact with clients and helps them determine the best strategies for investments and retirement goals. It is the advisor's responsibility to identify new prospects, as well as to maintain the current list of clients. A person in this position will interview clients to gather financial information such as income, assets, and debt. The advisor will recommend detailed financial plans including but not limited to savings, investments, paying off debts, and retirement. An advisor has typical business hours during the week but might require evening or weekend work depending on clients’ schedules. Financial advisors will have experience in the field or a related field, and will hold a degree in finance from an accredited university, though related degrees such as accounting are usually acceptable with sufficient experience. Knowledge of office equipment such as computers, fax machines, telephones, and calculators is required. As the advisor must cultivate an excellent working relationship with clients to earn their trust, good social skills and confidence are expected as well as the ability to understand what each client expects and what financial risks each client is willing to take. Strong written and oral communication skills are also important. Once hired, the advisor will be expected to maintain a professional demeanor with coworkers and clients in all methods of communication.
Financial Advisor Tasks
Recommend and sell financial plans and products that will help meet financial goals.
Prospect and maintain clientele.
Interview clients and gather information to determine strategies for financial investments.