What does a Financial Advisor do?
Financial advisors provide financial planning and support to clients to help manage their current finances and to plan for their financial futures regarding their short and long-term goals. They assist clients with portfolio management and counsel them on financial topics including investments, taxes, estate planning, college savings, insurance, mortgages, and retirement planning. Together with a client, they outline the best financial plan by determining factors like their expenses, income, and risk tolerance.
Financial advisors prepare and interpret financial document summaries, investment performance reports, and refer clients to additional outside financial professionals if needed. Keeping an open line of communication, they contact clients frequently to stay up-to-date on their life any changes in their status or finances. Financial advisors also give tax advice and sell insurance products. Financial advisors need a bachelor's degree in finance, economics, business, statistics or related fields.
- Prepare and review financial documents, such as income projections and investment reports.
- Persevere, handle rejection and show resilience during the prospecting and networking process.
- Establish and maintain effective working relationships with clients and colleagues.
- A solid foundation in internal audit processes and objectives.
- Apply complex and changing federal and state policy to ensure consistent and accurate application of rules and regulations.
- Partner with an experienced financial advisor to gain experience assisting clients achieve their financial goals.
- Ensure timely payment to providers of court ordered services for children and families.
- Maintain the branch(es) and stay abreast of security policies and procedures.
- Seek expertise of internal resources to identify investment opportunities and solutions for clients.
- Maintain and verify reporting on client meeting, participation and rollover metrics.
- Perform specialized duties in the fiscal management of children's cases who are in the care and custody of DCYF or DJJS.
- Complete all required checklists and forms to ensure compliance with Federal and State requirements.
- Maintain appropriate account records while monitoring the customers portfolio.
- Assist financial advisors on training retail associates on how to increase referral opportunities.
- Create and communicate weekly plans of action in order to achieve overall bank goals.
- Uphold the vision and mission of the agency through utilizing the practice model theories, beliefs and principles in daily practice.
- Explain 'Reimbursements for Placements and Services' policy and responsibilities to parents for services provided to the child.
- Timely completion of time studies of daily tasks is required for the random moment sampling process.
- Bachelor's or Graduate's Degree in accounting, finance, or business administration. Certification as a financial advisor.
- Prior experience as a consultant.
- Demonstrated financial literacy skills.
- Leadership and confidence when interacting with clients.
- Sound time management skills.
- Can collaborate with clients and team members and suggest problem solving measures as needed.
- A critical thinker with a positive attitude and strict attention to detail.
- Integrity and a flawless work ethic.
- Fluent in financial liabilities.
- A multitasker.
Financial Advisor Career Path
Learn how to become a Financial Advisor, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Average Years of Experience
Financial Advisor Insights
“On the job training ensures every employee is fully prepared and educated in all aspects of the career”
“My first one was absolutely amazing and at that time I was so happy working for rbc.”
“Working with really smart and driven people on projects that have an impact on our client's lives.”
“It's nice getting to work alongside people that share common values and same conviction to serve others.”
“Freedom 55 Financial is the best place to start your own practice and grow your business.”
“At the office I worked at there was an amazing work culture and I truly felt supported.”
“The pay is not reflective if the skill level and demanding nature of the job.”
“You get the benefits of being an entrepreneur and an employee at the same time.”
Financial Advisor Interviews
Frequently asked questions about the role and responsibilities of a Financial Advisor
When working as a Financial Advisor, the most common skills you will need to perform your job and for career success are Credibility, Computer Literacy, .NET, Excellent Communication and Series 63.
- Financial Analyst
- Finance Manager
- Treasury Analyst
- Investment Specialist
The most common qualifications to become a Financial Advisor is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.