A personal financial advisor assists individuals with reaching financial objectives and educational goals, retirement and estate planning, and other investing decisions, and they make insurance/risk management recommendations for their clients. Entry into the financial advising field generally requires a bachelor's degree, preferably in accounting, finance, or a related field. The certified financial planner (CFP) designation is the preferred professional qualification. Additional licensing may be mandated by state and federal regulations. Common license requirements include Series 6, 7, 63, or 66. Continuing professional education hours are needed to maintain certification and licenses. Many successful advisors have prior customer service or sales experience.
Personal Financial Advisor Tasks
Follow-up with clients on plans, track successes, and inform about modifications.
Assist clients with estate management, tax returns, budgets, or other financial tasks.
Guide clients through financial self-analysis, including goal setting and advice to reach goals.