Details Report for:
13-2052.00 - Personal Financial Advisors
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.
Sample of reported job titles: Certified Financial Planner (CFP), Financial Advisor, Financial Consultant, Financial Counselor, Financial Planner, Investment Adviser, Investment Advisor, Portfolio Manager, Wealth Advisor
Tasks | Technology Skills | Tools Used | Knowledge | Skills | Abilities | Work Activities | Detailed Work Activities | Work Context | Job Zone | Education | Credentials | Interests | Work Styles | Work Values | Related Occupations | Wages & Employment | Job Openings | Additional Information
Tasks Save Table (XLS/CSV)
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Category | Task |
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95 ![]() ![]() |
Core | |
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Core | |
93 ![]() ![]() |
Core | |
91 ![]() ![]() |
Core | |
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Core | |
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Core | |
84 ![]() ![]() |
Core | |
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Core | |
81 ![]() ![]() |
Core | |
75 ![]() ![]() |
Core | |
75 ![]() ![]() |
Core | |
72 ![]() ![]() |
Core | |
71 ![]() ![]() |
Core | |
68 ![]() ![]() |
Core | |
68 ![]() ![]() |
Core | |
63 ![]() ![]() |
Core | |
48 ![]() ![]() |
Supplemental | |
32 ![]() ![]() |
Supplemental | |
29 ![]() ![]() |
Supplemental | |
26 ![]() ![]() |
Supplemental |
Technology Skills Save Table (XLS/CSV)
- Accounting software — Fund accounting software; Sage 50 Accounting
- Analytical or scientific software — Monte Carlo simulation software
- Calendar and scheduling software — Pimlico Software DateBk
- Communications server software — IBM Domino
- Compliance software — ComplianceMAX
- Customer relationship management CRM software — ACT! ACT4Advisors; Microsoft Business Contact Manager; Salesforce software
; Web Information Solutions Pocket Informant (see all 14 examples)
- Data base user interface and query software — FileMaker Pro; Microsoft Access
; Microsoft SQL Server
; Structured query language SQL
(see all 5 examples)
- Development environment software — Microsoft Visual Basic
- Document management software — Cabinet NG CNG-SAFE; ScanSoft PaperPort Pro; SunGard LockBox; World Software Corporation Worldox (see all 5 examples)
- Enterprise resource planning ERP software — Microsoft Dynamics
; Oracle Hyperion
; Oracle PeopleSoft Financials
- Financial analysis software — Finance Logix Retirement Planner; Ibbotson Portfolio Strategist; Oracle E-Business Suite Financials; WealthTec Foundations (see all 55 examples)
- Internet browser software — Web browser software
- Object or component oriented development software — Swift
- Office suite software — Microsoft Office
- Presentation software — Financial planning presentation software; Microsoft PowerPoint
; MoneyTree Silver Financial Planner (presentation feature)
- Project management software — Microsoft Project
- Spreadsheet software — Corel QuattroPro; IBM Lotus 1-2-3; Microsoft Excel
- Word processing software — Automatic Data Processing ProxyEdge; Financial report generation software; Microsoft Word
Hot Technology — a technology requirement frequently included in employer job postings.
Knowledge Save Table (XLS/CSV)
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Knowledge |
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87 ![]() ![]() |
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76 ![]() ![]() |
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75 ![]() ![]() |
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66 ![]() ![]() |
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62 ![]() ![]() |
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0 ![]() |
Skills Save Table (XLS/CSV)
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Skill |
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75 ![]() ![]() |
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75 ![]() ![]() |
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75 ![]() ![]() |
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75 ![]() ![]() |
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72 ![]() ![]() |
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72 ![]() ![]() |
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69 ![]() ![]() |
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66 ![]() ![]() |
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66 ![]() ![]() |
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60 ![]() ![]() |
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56 ![]() ![]() |
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19 ![]() ![]() |
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19 ![]() ![]() |
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0 ![]() |
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0 ![]() |
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0 ![]() |
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0 ![]() |
Abilities Save Table (XLS/CSV)
Work Activities Save Table (XLS/CSV)
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Work Activity |
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94 ![]() ![]() |
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91 ![]() ![]() |
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87 ![]() ![]() |
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87 ![]() ![]() |
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86 ![]() ![]() |
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68 ![]() ![]() |
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1 ![]() ![]() |
Detailed Work Activities Save Table (XLS/CSV)
- Interview clients to gather financial information.
- Recommend investments to clients.
- Implement financial decisions.
- Assess financial status of clients.
- Correspond with customers to answer questions or resolve complaints.
- Educate clients on financial planning topics.
- Identify strategic business investment opportunities.
- Interpret financial information for others.
- Prepare financial documents, reports, or budgets.
- Analyze market conditions or trends.
- Advise others on financial matters.
- Confer with others about financial matters.
- Develop business relationships.
- Compute debt repayment schedules.
- Disburse funds from clients accounts to creditors.
Find occupations related to multiple detailed work activities
Work Context Save Table (XLS/CSV)
Job Zone Save Table (XLS/CSV)
Title | Job Zone Four: Considerable Preparation Needed |
Education | Most of these occupations require a four-year bachelor's degree, but some do not. |
Related Experience | A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified. |
Job Training | Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training. |
Job Zone Examples | Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, chemists, art directors, and cost estimators. |
SVP Range | (7.0 to < 8.0) |
Education
Interests Save Table (XLS/CSV)
![]() Occupational Interest |
Interest |
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95 ![]() ![]() |
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78 ![]() ![]() |
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45 ![]() ![]() |
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33 ![]() ![]() |
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6 ![]() ![]() |
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0 ![]() |
Realistic — Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others. ![]() |
Work Styles Save Table (XLS/CSV)
![]() Importance |
Work Style |
|
---|---|---|
100 ![]() ![]() |
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93 ![]() ![]() |
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84 ![]() ![]() |
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83 ![]() ![]() |
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65 ![]() ![]() |
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59 ![]() ![]() |
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49 ![]() ![]() |
Related Occupations Save Table (XLS/CSV)
11-3031.00 | Financial Managers ![]() |
13-1141.00 | Compensation, Benefits, and Job Analysis Specialists ![]() |
13-1161.00 | Market Research Analysts and Marketing Specialists ![]() |
13-2031.00 | Budget Analysts |
13-2041.00 | Credit Analysts |
13-2072.00 | Loan Officers |
41-3021.00 | Insurance Sales Agents ![]() |
41-3031.00 | Securities, Commodities, and Financial Services Sales Agents |
Wages & Employment Trends
Median wages (2019) | $42.24 hourly, $87,850 annual |
State wages | |
Local wages | |
Employment (2019) | 263,000 employees |
Projected growth (2019-2029) | ![]() |
Projected job openings (2019-2029) | 19,200 |
State trends | |
Top industries (2019) | Finance and Insurance (76% employed in this sector)
|
Source: Bureau of Labor Statistics 2019 wage data
and 2019-2029 employment projections
.
"Projected growth" represents the estimated change in total employment over the projections period (2019-2029). "Projected job openings" represent openings due to growth and replacement.
Sources of Additional Information
Disclaimer: Sources are listed to provide additional information on related jobs, specialties, and/or industries. Links to non-DOL Internet sites are provided for your convenience and do not constitute an endorsement.