What Do Personal Financial Advisors Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Personal Financial Advisor
are Personal Financial Advisors happy with their job

Personal Financial Advisors

Other names for this job might include Account Executive, Analyst, Asset Analyst, Asset Manager, Budget Counselor, Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Credit Counselor, Debt Counselor, Estate Planner


  • $118050
    Salary
  • 77%
    Job satisfaction
  • Quite Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

A+



Being A Personal Financial Advisor: What You Really Do


In this job description guide, you will find out what do Personal Financial Advisors do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Personal Financial Advisor or not.



Job summary

Personal Financial Advisors 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.

We asked Personal Financial Advisors how satisfied they are with their job. Here is what they said.

Job satisfaction

77%

How meaningful is this job

58%


77% of them said they were satisfied with their job and 58% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

We asked some Personal Financial Advisors a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?81% said yes
Do you have to use email everyday in this job?89% said yes
How important is it to work in a team in this job?21% said very important
Do you have group discussions everyday in this job?63% said yes
Do you have to meet strict deadlines everyday in this job?33% said yes
Do you talk or work with customers everyday in this job?39% said yes
Do you have to deal with angry customers everyday in this job?0% said yes
Do you have to make decisions everyday in this job?57% said yes



Other responsibilities

Besides the “typical day” things that Personal Financial Advisors do, they Recruit and maintain client bases. They might also Monitor financial market trends to ensure that client plans are responsive.

A typical week or month for them might include:

Develop business relationships.
Analyze market conditions or trends.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Personal Financial Advisor, you can expect to work More than 40 hours per week.

Do Personal Financial Advisors work in an office-style work environment?

Everyday
92.86%

Once a week
0%

Once a month
0%

Once a year
3.57%

Never
3.57%

Do Personal Financial Advisors work in a warehouse-style work environment?

Everyday
0%

Once a week
0%

Once a month
0%

Once a year
7.14%

Never
92.86%

Do Personal Financial Advisors work outdoors?

Everyday
0%

Once a week
0%

Once a month
3.57%

Once a year
3.57%

Never
92.86%



Is this right for me

Best personality for this career

The Persuaders and The Organizers


You can read more about these career personality types here.

You will like this career if you are someone who likes starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

You also like following set procedures and routines. They like working with data and details more than with ideas.



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Rank: B+
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Rank: B+
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Rank: A
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They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.






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Career type

Business and Finance
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Financial and Investment Planning

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Related to Personal Financial Advisors Job Description

Personal Financial Advisors job description, what do Personal Financial Advisors do, typical day for Personal Financial Advisors, what is it like to work as a Personal Financial Advisor, how many hours do Personal Financial Advisors work, day to day work of a Personal Financial Advisor

Additional resources

http://www.bls.gov/OOH/business-and-financial/personal-financial-advisors.htm
http://gafm.com/
http://www.finra.org/
http://www.sec.gov/

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Personal Financial Advisors
Written by: Stanley Tan
Personal Financial Advisors 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.
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