Personal Financial Advisors

The work

Core tasks

1. 01Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
2. 02Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
3. 03Answer clients' questions about the purposes and details of financial plans and strategies.
4. 04Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
5. 05Manage client portfolios, keeping client plans up-to-date.
6. 06Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
7. 07Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
8. 08Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
9. 09Contact clients periodically to determine any changes in their financial status.
10. 10Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
11. 11Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
12. 12Investigate available investment opportunities to determine compatibility with client financial plans.

Capabilities

Essential skills

Employment outlook

Where the role is heading