Personal Financial Advisor Careers – Money Pacers
Personal Financial Advisor Careers

Personal Financial Advisor Careers

Personal Financial Advisor Careers
Wealth Advisor

Careers (MP) A financial advisor is basically a stockbroker, a community banker, and an insurance salesman, all rolled up into one. The job typically involves buying and selling securities (such as stocks and bonds). Wealth management advisor is another title used to describe FAs, but they will have a little more training, certification and experience.

Financial advisors are primarily focused on facilitating transactions. They’re somewhat like investment advisers and financial planners who try to meet the needs and goals of clients. The Bureau of Labor Statistics (BlS) says, “Financial Advisor jobs” outlook is pretty good towards 2022.

What does a Financial Advisor do?

As an FA you’ll meet with clients and counsel them about their finances. This means sitting down and creating budgets to meet the retirement investing goals to providing advice about saving. You might also invest a client’s funds. You will meet with him/her regularly to answer questions about new investment options. After you have invested funds, you’ll make sure clients receive regular investment reports. You will even adjust strategies based on the client’s circumstances. Whenever the unexpected occurs: Divorce, medical emergencies, or children education situational changes. Finance advisors step-in to then make sense of fiscal changes necessary to adjust the clients’ plans to move ahead. A number are even licensed to sell insurance and will update clients about current tax laws.


Required Education* B.S. or M.B.A.
Total jobs* 120,491
Projected Job Growth (2015-2022) 27%*
Average Annual Salary (2015) $70,780-$194,680*

In-addition to salaries, many advisors earn substantial bonuses. The best-paid advisors live in the metropolitan areas of Bridgeport, Connecticut; Wilmington, North Carolina; Greenville, North Carolina, and New York, New York.


FAs typically need a bachelor’s degree. Plus, you’ll need finance ability, good communication skills and a desire to help people. Most employers don’t require a specific field of study for advisors. But, a degree in finance, economics, accounting, business, mathematics, or law is preparation for this career. Courses in investments, taxes, estate planning, and risk management are helpful too. Programs in financial planning have become more available in colleges and universities. A master’s degree in finance or business administration will enhance your chance of moving into a management and attracting new clients.

Additional Certifications

The Certified Financial Planner exam is required to become a CFP – a distinction that looks great to employers. You can definitely acquire other designations if you want to specialize in a specific aspect of financial planning. The Certified Financial Planner Board of Standards offers the Certified Financial Planner (CFP) certification. For this certification, advisors must possess a bachelor’s degree, at least 3 years of relevant work experience, pass an exam, and agree to comply with a code of ethics. Plus, you can complete the required coursework and exam to acquire the Chartered Retirement Plans Specialist, or CRPS, designation. And if you intend on buying or selling stocks or selling insurance, you are required to procure state licenses.

Don Briscoe
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Don Briscoe

Finance educator, advisor, and leading voice in the global financial literacy movement.Founder and editor of lives and enjoys life with his family in New York.
Don Briscoe
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