I help individuals and companies manage the different risk factors involved in financial investment. I deal with a lot of different kinds of risk and the many ways to mitigate it. I run my company a lot differently than many others in the financial industry. Most companies operate to maximize financial gain, but I operate to not lose capital.
Personal Financial Advisors
Salary Median (2020)
Projected Job Growth (2019-2029)
+4.4% (slower than the average)
Most Common Level of Education
Roadtrip Nation Leaders in This Career
What Personal Financial Advisors Do
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.
Other Job Titles Personal Financial Advisors May Have
Certified Financial Planner (CFP), Financial Advisor, Financial Consultant, Financial Counselor, Financial Planner, Investment Advisor, Portfolio Manager, Wealth Advisor
How Leaders Describe a Typical Day at Work
My assistant schedules meetings with clients, then I review each client's investment portfolio. More than just focusing on their actual investments, I spend time figuring out what is meaningful to them. I'll spend each meeting figuring out what makes my clients unhappy, nervous, or unsure, and then I analyze how I can solve those problems for them from a financial perspective. I also spend a lot of time networking with accountants and attorneys who can potentially refer potential clients to me.
Tasks & Responsibilities May Include
- Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
- Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
- Manage client portfolios, keeping client plans up-to-date.
- Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
- Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
This page includes information from theO*NET 26.1 Databaseby the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under theCC BY 4.0license. O*NET® is a trademark of USDOL/ETA.