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.

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Average Years of Experience

0 - 1
10%
2 - 4
50%
5 - 7
7%
8+
33%

Common Skill Sets

Credibility
Computer Literacy
.NET
Excellent Communication
Series 63
Leadership
Attention To Detail
Interpersonal and Communication

Financial Advisor Seniority Levels

L2
Financial Advisor
$39,200/yr
L4
Lead Financial Advisor
No Salary Reports
Financial Analyst
8% made the transition
Controller
40% made the transition
See Career Path

Financial Advisor Salaries

Average Base Pay

$3,000 /month
Same as national average
Not including cash compensation
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$2K
Median: $3K
$5K
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Glassdoor Estimated Salary

Financial Advisor jobs

Financial Advisor Interviews