Occupation information for Personal Financial Advisors District Of Columbia

Watch Job Video
description

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.

Compare Skills
details

Currently Employed: 730

Projected Annual Job Openings: 60

Typical Hourly Wage: $29.20 - $47.15

Typical Annual Salary: $60,740 - $98,080

See Job Listings (290) Find Businesses
typical training

Typical education needed for entry: Bachelor's degree

Typical work experience needed for a job in this occupation: No work experience

Typical on-the-job training once you have a job in this occupation: More than 1 year on-the-job training

Find Training
typical job duties
  • 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.
  • Answer clients' questions about the purposes and details of financial plans and strategies.
  • Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
  • Contact clients periodically to determine any changes in their financial status.
  • Investigate available investment opportunities to determine compatibility with client financial plans.
  • Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
tools & technology
Tools:
  • Desktop calculator
  • Desktop computers
  • Notebook computers
  • Personal computers
  • Personal digital assistant PDAs or organizers

Technology:
  • Customer relationship management CRM software
  • Data base user interface and query software
  • Document management software
  • Enterprise resource planning ERP software
  • Financial analysis software
more info

Explore Careers

Salary Info

Resumes + Applications

Employer Research