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Financial Advisor Job Description

In the following article, we will cover comprehensive information about the career and responsibilities, opportunities, salary, etc., of a financial advisor.

The job of a financial advisor is interesting and is built around helping others handle their finances, specifically, investments and savings.

Multiple schools relate to the practice of money management, but the needs of the client are the most significant factor.

Financial advisors can have a career as an independent entrepreneur or work in a team such as insurance providers or banks.

You can compare their occupation to the work of a therapist or a doctor.

Job Overview of a Financial Advisor

A financial advisor consults people and helps them decide on their financial management such as investments or retirement savings.

They can work hourly or receive a commission from the trades they conclude.

If a financial advisor works for a company, they usually follow the schedule set by it, typically 9 to 5.

Otherwise, they can plan their schedule themselves.

Their daily routine includes meetings with the clients, laying out a plan for them and executing it by handling investments with client’s money.

financial advisor job


  • Work with a client to lay out a plan that will help them set and achieve goals for savings.
  • Conduct financial products research to meet various requirements of clients with risk preferences, time limits, budgets.
  • Learn various methods to minimize taxes and fees for clients.
  • Demonstrate options for clients in a considerate and empathetic manner.
  • Research market possibilities that can be beneficial for clients for their prospects and prices.
  • Create packages and products that will meet current and future clients’ requirements.

Fundamental Skills

Financial math:

A financial advisor should have extended knowledge of the math of common financial products such as bonds, stocks, index funds, etc.

It includes not only the understanding of how they work but also the ability to predict the change of their prices along with calculating risks and returns.


Financial advisors should be able to explain these products simply and clearly to those who may not have technical knowledge about them.

They should also communicate risk tolerance with clients converting it into precise instructions.

How to Become a Financial Advisor

To start a career as a financial advisor, one needs a bachelor’s degree in finance, math, economics, or other relevant field.

With first-time employment, financial advisors have to work learning from a supervisory advisor for three years.

After, they can go to obtaining certifications and licenses.

Education and Qualifications

A financial advisor can get a job having obtained a bachelor’s degree with a strong performance on the course and a successfully passed interview.

They must be registered with the SEC or a local regulating establishment.

Different licenses are required for the work with financial products.

Each one requires a different one.

For example, different licenses are needed for stocks, bonds, etc.

With more licenses, the financial advisor can provide more services and products to the client.

This increases the potential customer base and value.

After completing the three-year training, financial advisors can take the exam for the Certified Financial Planner certificate, which can increase the income and interest of the clients.

Financial advisors can also obtain a master’s degree in financial math or other related fields.

More educational opportunities for further career include financial and tax law, real estate, and mortgage, will planning, estate planning, etc.

With more classes taken and licenses obtained, financial advisors can provide more financial services besides investment, including basically anything money/savings related.

Working Experience

With a good performance in a bachelor’s degree course, advisors can get hired fairly easy.

Enrolling in an internship at a financial planning organization or another financial firm can be a great advantage.

Not only advisors can gain learning experience there but also obtain useful connections.

The first few years of work are the most essential.

This is when the advisors can learn and grow a lot while building connections with other advisors and clients.

Networking is essential for the job because it helps find clients and work.

Working Hours

The hours of a financial advisor are pretty steady as they don’t have to face a major increase in work during tax season like accountants.

If they are employed with a company, the hours will be set by the management.

Typically, these are regular business hours.

Within the first few years, advisors can work longer hours.

If they work independently and run their own business, they can set their schedules and hours themselves.

Career Outlook and Advancements

Financial advisors can move up their career in three different ways.

According to the US Bureau of Labor Statistics, the demand for financial advisors is expected to be very high.

Advisors can earn more licenses and develop their skills so that they can offer more services and increase their value.

If they work at a financial company, they can get promoted to management positions where they would be supervising a team of advisors.

Another option is to launch their own business and eventually hire a team of professionals that will work for them.


Financial advisors have to be able to efficiently discuss with clients their needs and requirements along with the realities of the financial market.

They should be well-aware of various aspects of law related to different investment classes such as securities, real estate, etc.

They should be knowledgeable in helping people sort out their financial issues such as retirement or college savings, or dealing with real estate of the late relative.

This job can be challenging but always brings something new as well as a decent profit.

The median salary of financial advisors is about $57,809 per year.

Advisors should have a bachelor’s degree and can obtain licensing and CFP and even a master’s degree.

However, none of these, except for a bachelor’s degree, is obligatory.

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