Financial Advisor Job Description Sample
Working as a financial advisor means you'll be providing financial planning and support to clients to help them achieve their goals. A financial advisor works to assist clients regarding the maintenance of their current portfolios and assets. They also assist clients with obtaining additional assets as the client sees fit or desires. Each of these recommendations must be done with adherence to best practices, ethics, and financial plans that are pre-established.
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Financial Advisor Job Description Sample
Here’s an example of a good Financial Advisor job description:
We're seeking a qualified financial advisor to work as an intermediary between our customers and our company. It will be your responsibility to provide each of our clients with the best financial guidance. You'll also be responsible for making recommendations for how they can utilize their money in the best way. Ideal candidates can perform market research regarding available products and services, identify the client's needs, design strategies, and close the deal.
Financial Advisor Salary
According to data collected from U.S. News & World Report, the average median pay for financial advisors in the nation is $90,640.00 as of 2017. The top 25% working that year made $165,680.00, while the bottom 25% earned $57,380.00.
Financial Advisor Job Description For Resume
A Financial Advisor position may have a description similar to this one in an executive summary, professional summary, or resume:
I'm an experienced financial advisor who has successfully managed financial projects from creation to completion. I excel at collaborating with team members of all levels. My objective is to meet and exceed all organizational goals. I can work well in a highly-competitive environment where leadership is imperative for success.
Financial Advisor Skills
- Is knowledgeable of insurance industries, mutual funds, and securities.
- Can assess a client's overall financial picture and determine their needs when creating a structured financial plan.
- Can guide clients toward a secure and profitable financial decision.
- Will cultivate a client base whereby the financial advisor is building win-win relationships.
- Meets sales quotas by generating leads, networking, and grabbing opportunities to sell stocks, bonds, mutual funds, and other products.
- Stays abreast of industry trends and backs up financial consulting with market research.
- Knows how to ensure profitability by overseeing the course of a financial plan and make updates.
Financial Advisor Duties & Responsibilities
Here’s an example of a Financial Advisor’s duties and responsibilities:
- Speaks to clients to determine the financial objectives, income, expenses, insurance coverage, tax status, risk tolerance, and any other additional information necessary to create a financial plan.
- Answers questions from clients regarding financial strategies and plans and gives financial advice.
- Advises on strategies to clients about cash management, investment planning, and other areas to assist them with reaching their financial goals.
- Reviews client plans and accounts regularly to determine if economic or life changes, financial performance, or situational concerns necessitate plan changes.
- Analyzes financial data they receive from clients to create strategies for meeting financial goals.
- Prepares or interprets investment performance reports, financial document summaries, and income projects upon request for clients.
- Implements financial plans or refers clients to professionals who can be of assistance.
- Manages and updates portfolios.
- Contacts clients to determine changes in their status.
- Builds and maintains the client database.
Financial Advisor Requirements
- Bachelor's degree in finance, business, or a related field.
- Has at least up to two years of sales experience.
- Must possess current 63 Securities and FINRA Series 7 Registration.
- Must have health and life licensing.
- Must possess a valid driver's license.
- Proficiency in Microsoft Office, including Excel, Outlook, PowerPoint, and Word.
- Have experience in providing high-quality financial advising.
- Acts as the liaison with valuers, solicitors, providers, and other professionals.
- Works in compliance with all industry regulations and rules.
Using This Financial Advisor Job Description Template
In order to use your new financial advisor job description template, follow the instructions below.
- Step one: Copy and paste all sections into a new Word Document (Job Description Sample, Duties, Skills, and Requirements).
- Step two: Customize your requirements or duties to anything special to your environment. Be sure that you meet with either executive staff members or team members to qualify what requirements need to be met.
- Step three: When posting your job online, be sure to include an average salary range as this can help to prevent applicants who don't meet your criteria. Salary ranges are provided in each template.
- Step four: Before posting your job, be sure to check with your team and ensure all descriptions, duties, and requirements are accurate. This will save you from potential miscommunications during the interview process.
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