Personal Financial Advisors

• Summary

• Details

Work Activities

• 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.
• Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
• Investigate available investment opportunities to determine compatibility with client financial plans.
• Inform clients about tax benefits, government rebates, or other financial benefits of alternative-fuel vehicle purchases or energy-efficient home construction, improvements, or remodeling.
• Recruit and maintain client bases.
• Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
• Answer clients' questions about the purposes and details of financial plans and strategies.
• Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
• Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
• Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
• Open accounts for clients, and disburse funds from accounts to creditors as agent for clients.
• Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
• Manage client portfolios, keeping client plans up-to-date.
• Devise debt liquidation plans that include payoff priorities and timelines.
• Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
• Monitor financial market trends to ensure that client plans are responsive.
• Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
• Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
• Contact clients periodically to determine any changes in their financial status.
• Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
• Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
• Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.

Skills

• Equipment Maintenance
  • Planning and doing the basic maintenance on equipment.
• Speaking
  • Talking to others.
• Mathematics
  • Using math to solve problems.
• Science
  • Using scientific rules and strategies to solve problems.
• Critical Thinking
  • Thinking about the pros and cons of different ways to solve a problem.
• Social Perceptiveness
  • Understanding people's reactions.
• Persuasion
  • Talking people into changing their minds or their behavior.
• Instructing
  • Teaching people how to do something.
• Monitoring
  • Keeping track of how well people and/or groups are doing in order to make improvements.
• Programming
  • Writing computer programs.
• Repairing
  • Repairing machines or systems using the right tools.
• Management of Personnel Resources
  • Selecting and managing the best workers for a job.
• Judgment and Decision Making
  • Thinking about the pros and cons of different options and picking the best one.
• Reading Comprehension
  • Reading work-related information.
• Coordination
  • Changing what is done based on other people's actions.
• Service Orientation
  • Looking for ways to help people.
• Equipment Selection
  • Deciding what kind of tools and equipment are needed to do a job.
• Management of Financial Resources
  • Making spending decisions and keeping track of what is spent.
• Management of Material Resources
  • Managing equipment and materials.
• Installation
  • Installing equipment, machines, wiring, or computer programs.
• Quality Control Analysis
  • Testing how well a product or service works.
• Operations Monitoring
  • Watching gauges, dials, or display screens to make sure a machine is working.
• Systems Analysis
  • Figuring out how a system should work and how changes in the future will affect it.
• Systems Evaluation
  • Measuring how well a system is working and how to improve it.
• Time Management
  • Managing your time and the time of other people.
• Troubleshooting
  • Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
• Operation and Control
  • Using equipment or systems.
• Active Learning
  • Figuring out how to use new ideas or things.
• Active Listening
  • Listening to others, not interrupting, and asking good questions.
• Writing
  • Writing things for co-workers or customers.
• Operations Analysis
  • Figuring out what a product or service needs to be able to do.
• Negotiation
  • Bringing people together to solve differences.
• Complex Problem Solving
  • Noticing a problem and figuring out the best way to solve it.
• Learning Strategies
  • Using the best training or teaching strategies for learning new things.
• Technology Design
  • Making equipment and technology useful for customers.

Abilities

• Response Orientation
  • Quickly deciding if you should move your hand, foot, or other body part.
• Reaction Time
  • Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
• Stamina
  • Exercising for a long time without getting out of breath.
• Depth Perception
  • Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
• Auditory Attention
  • Paying attention to one sound while there are other distracting sounds.
• Information Ordering
  • Ordering or arranging things.
• Hearing Sensitivity
  • Telling the difference between sounds.
• Trunk Strength
  • Using your lower back and stomach.
• Far Vision
  • Seeing details that are far away.
• Multilimb Coordination
  • Using your arms and/or legs together while sitting, standing, or lying down.
• Explosive Strength
  • Jumping, sprinting, or throwing something.
• Deductive Reasoning
  • Using rules to solve problems.
• Memorization
  • Remembering words, numbers, pictures, or steps.
• Finger Dexterity
  • Putting together small parts with your fingers.
• Peripheral Vision
  • Seeing something to your side when your are looking ahead.
• Static Strength
  • Lifting, pushing, pulling, or carrying.
• Inductive Reasoning
  • Making general rules or coming up with answers from lots of detailed information.
• Selective Attention
  • Paying attention to something without being distracted.
• Manual Dexterity
  • Holding or moving items with your hands.
• Night Vision
  • Seeing at night or under low light.
• Oral Expression
  • Communicating by speaking.
• Oral Comprehension
  • Listening and understanding what people say.
• Visualization
  • Imagining how something will look after it is moved around or changed.
• Arm-Hand Steadiness
  • Keeping your arm or hand steady.
• Dynamic Strength
  • Exercising for a long time without your muscles getting tired.
• Near Vision
  • Seeing details up close.
• Written Expression
  • Communicating by writing.
• Dynamic Flexibility
  • Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
• Mathematical Reasoning
  • Choosing the right type of math to solve a problem.
• Speed of Closure
  • Quickly knowing what you are looking at.
• Originality
  • Creating new and original ideas.
• Problem Sensitivity
  • Noticing when problems happen.
• Written Comprehension
  • Reading and understanding what is written.
• Speech Clarity
  • Speaking clearly.
• Wrist-Finger Speed
  • Making fast, simple, repeated movements of your fingers, hands, and wrists.
• Extent Flexibility
  • Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
• Rate Control
  • Changing when and how fast you move based on how something else is moving.
• Gross Body Equilibrium
  • Keeping your balance or staying upright.
• Category Flexibility
  • Grouping things in different ways.
• Number Facility
  • Adding, subtracting, multiplying, or dividing.
• Flexibility of Closure
  • Seeing hidden patterns.
• Perceptual Speed
  • Quickly comparing groups of letters, numbers, pictures, or other things.
• Control Precision
  • Quickly changing the controls of a machine, car, truck or boat.
• Time Sharing
  • Doing two or more things at the same time.
• Visual Color Discrimination
  • Noticing the difference between colors, including shades and brightness.
• Fluency of Ideas
  • Coming up with lots of ideas.
• Speech Recognition
  • Recognizing spoken words.
• Glare Sensitivity
  • Seeing something even if there is a glare or very bright light.
• Sound Localization
  • Noticing the direction that a sound came from.
• Speed of Limb Movement
  • Quickly moving your arms and legs.
• Gross Body Coordination
  • Moving your arms, legs, and mid-section together while your whole body is moving.
• Spatial Orientation
  • Knowing where things are around you.

Knowledge

• Customer and Personal Service
  • Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• Personnel and Human Resources
  • Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
• Food Production
  • Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
• Transportation
  • Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
• Foreign Language
  • Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
• Telecommunications
  • Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
• Geography
  • Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
• English Language
  • Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
• Public Safety and Security
  • Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
• Mathematics
  • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• Psychology
  • Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
• Building and Construction
  • Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
• Education and Training
  • Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
• History and Archeology
  • Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
• Therapy and Counseling
  • Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
• Law and Government
  • Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
• Administrative
  • Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
• Economics and Accounting
  • Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
• Sales and Marketing
  • Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
• Production and Processing
  • Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
• Biology
  • Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
• Chemistry
  • Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
• Mechanical
  • Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
• Communications and Media
  • Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
• Administration and Management
  • Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
• Computers and Electronics
  • Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
• Design
  • Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
• Sociology and Anthropology
  • Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
• Engineering and Technology
  • Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
• Physics
  • Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
• Medicine and Dentistry
  • Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
• Philosophy and Theology
  • Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
• Fine Arts
  • Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.

Education

Education

Bachelor's degree

Work Experience

No work experience

Training

More than 1 year on-the-job training

Education and Training Opportunities

×

Education and Training Opportunities

• Central Washington University
  400 East University Way, Ellensburg WA 98926
  School Type

  Public, 4-year or above

  Admissions
  School Size

  10,000 - 19,999

  Financial Aid 509-963-1111
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  http://www.cwu.edu/
  Program Name
  Financial Planning and Services
  Length
  4 years
  Award Level
  Bachelor's degree
  Save

  ---

• Eastern Washington University
  526 5th Street, Cheney WA 99004-2496
  School Type

  Public, 4-year or above

  Admissions
  School Size

  10,000 - 19,999

  Financial Aid 509-359-6200
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  http://www.ewu.edu/
  Program Name
  Finance, General
  Length
  4 years
  Award Level
  Bachelor's degree
  Save

  ---

• Seattle University
  900 Broadway, Seattle WA 98122-4340
  School Type

  Private not-for-profit, 4-year or above

  Admissions
  School Size

  5,000 - 9,999

  Financial Aid 206-296-6000
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  http://www.seattleu.edu/
  Program Name
  Finance, General
  Length
  Less than one year
  Award Level
  Post-master's certificate, Bachelor's degree, Master's degree, Postbaccalaureate certificate
  Save

  ---

• The Evergreen State College
  2700 Evergreen Pkwy NW, Olympia WA 98505-0001
  School Type

  Public, 4-year or above

  Admissions
  School Size

  1,000 - 4,999

  Financial Aid 360-867-6170
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  https://www.evergreen.edu/
  Program Name
  Finance, General
  Length
  Certificates of at least 12 weeks but less than 1 year
  Award Level
  Certificates of at least 12 weeks but less than 1 year
  Save

  ---

• University of Washington-Seattle Campus
  1400 NE Campus Parkway, Seattle WA 98195-4550
  School Type

  Public, 4-year or above

  Admissions
  School Size

  20,000 and above

  Financial Aid 206-543-2100
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  https://www.washington.edu/
  Program Name
  Finance, General
  Length
  More than 4 years
  Award Level
  Master's degree, Bachelor's degree
  Save

  ---

• University of Washington-Tacoma Campus
  1900 Commerce St, Tacoma WA 98402-3100
  School Type

  Public, 4-year or above

  Admissions
  School Size

  1,000 - 4,999

  Financial Aid 253-692-4400
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  https://www.tacoma.uw.edu/
  Program Name
  Finance, General
  Length
  4 years
  Award Level
  Bachelor's degree
  Save

  ---

• Walla Walla University
  204 S College Ave, College Place WA 99324-1198
  School Type

  Private not-for-profit, 4-year or above

  Admissions
  School Size

  1,000 - 4,999

  Financial Aid 509-527-2615
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  https://www.wallawalla.edu/
  Program Name
  Finance, General
  Length
  4 years
  Award Level
  Bachelor's degree
  Save

  ---

• Washington State University
  French Administration Building, Pullman WA 99164-5910
  School Type

  Public, 4-year or above

  Admissions
  School Size

  20,000 and above

  Financial Aid 509-335-3564
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  https://wsu.edu/
  Program Name
  Finance, General
  Length
  4 years
  Award Level
  Bachelor's degree, Doctor's degree - research/scholarship, Postbaccalaureate certificate
  Save

  ---

• Western Washington University
  516 High Street, Bellingham WA 98225-9008
  School Type

  Public, 4-year or above

  Admissions
  School Size

  10,000 - 19,999

  Financial Aid 360-650-3000
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  http://wwu.edu/
  Program Name
  Finance, General
  Length
  4 years
  Award Level
  Bachelor's degree
  Save

  ---

• Whitworth University
  300 W Hawthorne Rd, Spokane WA 99251
  School Type

  Private not-for-profit, 4-year or above

  Admissions
  School Size

  1,000 - 4,999

  Financial Aid 509-777-1000
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  http://www.whitworth.edu/
  Program Name
  Financial Planning and Services
  Length
  More than 4 years
  Award Level
  Master's degree
  Save

  ---

Close

Pay

Washington Annual Salary

112020/yr

Washington Hourly Wage

53.86/hr

Washington Employment Trends

Currently Employed

7,090

Yearly Projected Openings

670

Personality

Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:

• Initiative
• Perseverance
• Social Orientation
• Achievement Orientation
• Intellectual Curiosity
• Cautiousness

Tools

• Desktop calculator
• Desktop computers
• Notebook computers
• Personal computers
• Personal digital assistant PDAs or organizers
• Tablet computers

Technology

• Accounting software
• Analytical or scientific software
• Calendar and scheduling software
• Communications server software
• Compliance software
• Customer relationship management CRM software
• Data base user interface and query software
• Development environment software
• Document management software
• Electronic mail software
• Enterprise resource planning ERP software
• Financial analysis software
• Internet browser software
• Object or component oriented development software
• Office suite software
• Presentation software
• Project management software
• Spreadsheet software
• Word processing software