Financial Advisor Job Profile And Description

A financial advisor is someone who gives the client advice on how to manage his finances depending on the latter’s financial goals, income and spending and saving habits. He interacts with the clients to note down what the individual or company wants to do in the short term and long term and accordingly advises him to make informed decisions on how to handle finances, save, spend and invest which will lead to financial security and good returns. Getting professional advice on money matter helps as they are knowledgeable about the various investment and savings schemes in the market and know which ones will beneficial to the client. They can also explain it to him properly so that the objectives can be met.

Financial Advisor Duties And Responsibilities

The duties and responsibilities of a financial advisor involve:

  • Listening to the client and asking him about his income, basic expenses, studying his financial statements and finding out his goals
  • The financial advice will vary according to the goal, which have be saving up for retirement or children’s education etc
  • He tries to understand the spending patterns of the client and how much he can spend every month so that those objectives are met
  • Build a professional relationship with the existing clients and seek out new ones by informing them or selling new financial products like bonds, mutual funds etc

Financial Advisor Skills And Specifications

The skills and specifications that are required of a financial advisor include:


  • Excellent communication and networking skills
  • Very good with numbers

Financial Advisor Education And Qualification

The education and qualification requirements for a financial advisor are as follows:

  • Bachelor’s degree in commerce with subjects like finance, accounting, economics etc
  • Some positions require a license from the Financial Industry Regulatory Authority

Financial Advisor Salary

The average annual salary of a financial advisor is $64,000.

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