Financial Consultant in San Francisco Salary
How much does a Financial Consultant make in San Francisco, CA? A Financial Consultant in San Francisco earns an average of $58,958 annually. This is 12% below the national average for a Financial Consultant which is $65,827 annually. Salaries for a Financial Consultant in San Francisco range from $47,932 annually to $66,000 annually. Total Annual Pay, which includes salary and bonus for a Financial Consultant in San Francisco ranges from $60,781 to $76,646 annually. Job satisfaction is reported as 4 out of 5 stars. Women make up 67% of the Financial Consultant workforce in San Francisco among those reporting. Many report receiving medical, dental, and vision benefits from their employer.
Job Description for Financial Consultant
A financial consultant advises clients of an investment bank or financial services company on the best way to manage their money. They assesses customers' financial needs and work with them to build an investment portfolio that is comfortable for the client and builds wealth. To be successful, a financial consultant must build a client base; they need to identify prospective clients and cultivate relationships with them. Consultants may need to be creative in developing ways to attract new clients, although some larger companies clients may assign clients to consultants.Read More...
A primary role of this position includes educating potential investors about the variety of financial services and products their organization offers. Consultants work with their clients to assess future financial needs regarding major life events such as starting families, sending children to college, moving, and retiring. They help set an expected level of return on investment that corresponds to the amount of risk the client is willing to take. The financial consultant must cultivate continuing relationships with clients, as well as constantly reviewing their investment portfolios and offer advice as needed.
Most financial institutions require financial consultants have a bachelor's degree in a business or a finance-related discipline. Additionally, federal and state certifications must be obtained and kept up to date for this position. Financial consultants usually must have five or more years of experience at a lower-level position in investment advising. (Copyright 2017 PayScale.com)
Financial Consultant Tasks
- Guide clients through financial self-analysis, including goal setting and advice to reach goals.
- Assist clients with estate management, tax returns, budgets, or other financial tasks.
- Follow-up with clients on plans, track successes, and inform about modifications.
Financial Consultant Job Listings
Key Stats for Financial Consultant
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