Personal financial advisors discuss with clients their financial goals and provide advice on how they can be attainable. Advisors put together financial plans that may include savings goals, investments, insurance policies, estate planning, college savings and retirement. Financial advisors may research stock opportunities and help with both long- and short-term goals.
When writing a personal financial advisor job description, keep in mind that there are a number of qualities that are important for a personal financial advisor to have. Because they are always working with numbers, math skills are important. Advisors also must be analytical in order to look at economic trends and determine risk levels.
Interpersonal skills are important, as building relationships with clients is a big part of the job. It also helps to be able to communicate well and have strong sales skills. The following example will help determine what it takes to create a great personal financial advisor job description.
Personal Financial Advisor Job Summary
If you are highly motivated and professionally trained to help others manage their money, our company offers the ideal environment in which to do so. While we provide the training and resources, you will be given the freedom to attract new clients and design plans and portfolios specifically to fit their needs. You will have the opportunity to market in a variety of ways, including providing financial seminars, attending networking groups, cold-calling and asking for referrals from current clients. This is the perfect position for someone who is self-motivated, likes to reach goals and likes to work with minimal supervision.
- Consult with clients to determine their combined income, tax status, current and future expenses, insurance coverage, risk tolerance, financial objectives and retirement goals
- Partake in marketing strategies, such as daily cold-calling, weekly referral events and monthly financial seminars, to recruit and maintain a strong client base
- Recommend financial strategies and services, such as investments, insurance coverage, cash management and savings
- Review clients’ accounts on a regular basis to determine reassessment plans when necessary
- Research investment opportunities that would be compatible with clients’ goals, making recommendations based on professional opinion
- Prepare client reports on a monthly basis and interpret the information as needed for clients’ understanding
- Meet with clients’ accountants, attorneys, investment bankers, trust officers or other advisors in order to fully understand what is included in their diverse portfolios
- Monitor financial markets and advise clients based off changes
- Refer clients to professional accountants or attorneys for tax or estate planning purposes
Job Skills & Qualifications
- Bachelor’s degree
- On-the-job training
- Excellent communication skills
- Ability to met strict deadlines
- Skilled with Microsoft Word, Excel and e-mail
- Certified Financial Planner (CFP) certification
- Experience with customer relationship management (CRM) software
- Experience with Financial analysis software
Personal Financial Advisor Job Responsibilities
The responsibilities section is the meat and potatoes area of your personal financial advisor job description. Make sure you spend a good amount of time creating the information that will give the jobseeker a good picture of what working in your company will entail. Use clear and concise language to describe daily duties so you filter out those who are unqualified or who don’t like what they see.
Use strong verbs to describe each responsibility, and list in bullet-point form to keep it easy to read. You don’t want to overwhelm the job candidate, so make sure the to keep the personal financial advisor job responsibilities limited to a minimum of six and a maximum of eight points.
Some typical examples found in a personal financial advisor job description include:
- Acquire new clients through various marketing methods, such as cold calling, attending networking events, delivering financial seminars and following up with soft and hard leads
- Build relationships with clients by analyzing their information, identifying their financial needs, building financial plans, defining investment and retirement goals and making recommendations for services and products
- Review client portfolio and asset allocation on a regular basis and make recommendations for life changes; provide advice about mortgages, taxes, estate planning and insurance
- Research investment opportunities and prepare reports to analyze risk and gain
Personal Financial Advisor Job Specifications
One of the important parts of a personal financial advisor job description is the skills and qualifications section. While it may seem like a simple and short piece, this is where you can weed out a number of unqualified applicants, so it is imperative that you draft it right. Listing personal financial advisor job specifications, such as education, work experience, personality traits and technical skills, can prevent candidates who don’t measure up from applying.
When creating your personal financial advisor job description, determine what makes up the perfect candidate. You can find essential information by speaking with the management team and others who work in the same position. You should separate qualifications into those that are required and those that are preferred so candidates know right away if they are eligible for hire.
Review these examples of specifications that may make their way into your financial advisor job description:
- Bachelor’s degree in finance or similar field from accredited school
- Minimum two years’ experience in finance industry, with sales role strongly preferred
- Self-motivated with strong ability to market and sell investment and financial products
- Excellent organizational skills with great attention to detail
- Series 65 or 7 license required
- Outstanding interpersonal, verbal and written communication skills with ability to build trusting relationships