2017 Personal Financial Advisors
Median Pay: US$89,160
Entry Level: Bachelor's degree
Summary
Personal financial advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances.
Duties

Personal financial advisors typically do the following:

  • Meet with clients in person to discuss their financial goals
  • Explain the types of financial services they provide to potential clients
  • Educate clients and answer questions about investment options and potential risks
  • Recommend investments to clients or select investments on their behalf
  • Help clients plan for specific circumstances, such as education expenses or retirement
  • Monitor clients' accounts and determine if changes are needed to improve the performance or to accommodate life changes, such as getting married or having children
  • Research investment opportunities

Personal financial advisors assess the financial needs of individuals and help them with decisions on investments (such as stocks and bonds), tax laws, and insurance. Advisors help clients plan for short- and long-term goals, such as meeting education expenses and saving for retirement through investments. They invest clients' money based on the clients' decisions. Many advisors also provide tax advice or sell insurance.

Although most planners offer advice on a wide range of topics, some specialize in areas such as retirement or risk management (evaluating how willing the investor is to take chances and adjusting investments accordingly).

Many personal financial advisors spend a lot of time marketing their services, and they meet potential clients by giving seminars or through business and social networking. Networking is the process of meeting and exchanging information with people, or groups of people, who have similar interests.

After financial advisors have invested funds for a client, they and the client receive regular investment reports. Advisors monitor the client's investments and usually meet with each client at least once a year to update the client on potential investments and to adjust the financial plan based on the client's circumstances or because investment options may have changed.

Many personal financial advisors are licensed to directly buy and sell financial products, such as stocks, bonds, annuities, and insurance. Depending on the agreement they have with their clients, personal financial advisors may have the client's permission to make decisions about buying and selling stocks and bonds.

Private bankers or wealth managers are personal financial advisors who work for people who have a lot of money to invest. These clients are similar to institutional investors (commonly, companies or organizations), and they approach investing differently than the general public does. Private bankers manage a collection of investments, called a portfolio, for these clients by using the resources of the bank, including teams of financial analysts, accountants, and other professionals.

Advisor

Type: Full Time, Full Time Alumnus
The Advisor serves to conduct proactive (initiating contact with individuals who express interest) and reactive prospect management (respond to incoming inquiries), works to convert prospects to applicants, and maintains contact with matriculated students communicating at key intervention points...
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Member Advisor

Type: Full Time, Full Time Alumnus
Hopkinsville, KYPosition PurposeResponsible for providing a variety of paying and receiving functions for members including processing deposits, withdrawals, loan payments, cashiers' checks, money orders, gift cards, travel cards, and cash advances. Balances each day's transactions and...
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Intern - Private Client Group

Type: Internship
What is the opportunity?In addition to working with Financial Advisors and learning more about investment products and concepts your main responsibilities will include servicing clients, researching problems, processing account forms and related paperwork, maintaining appropriate account records,...
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RBC
McLean, VA

Business Transformation Intern

Type: Internship
Be a part of the team behind our success! At Advisor Group, we support more than 5,000 financial advisors, the people who help everyday Americans achieve their dreams. We're a billion-dollar business with the mentality and drive of a startup. Join us in building something special.Business...
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Investor Services Representative - Phone Team

Type: Full Time, Full Time Alumnus
Organizational OverviewSince its inception in 1985, ALPS has evolved from its modest beginnings of servicing a single bank mutual fund client into a full-service provider to the investment management industry. Now, with more than 660 employees, over 400 clients, and an executive team that's...
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Intern

Type: Internship
Job SummaryAt Moneta, we create ‘Raving Fans' by offering our clients an unparalleled level of service and attention. Our teams advise clients on investments, risk management, retirement and tax planning, philanthropic intent, business consulting, cash management, education funding and estate...
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Private Client Advisor

Type: Full Time, Full Time Alumnus
Job Description:Business Overview:U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients wealth structuring, investment management, banking and credit needs. Clients are served...
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Intern, Color Campaign & Content Marketing

Type: Internship
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San Francisco, CA

Intern, Internal Control

Type: Internship
Job ID: 165820Location Name: CA-FSC SF Off (0174)Address: 525 Market St, 32nd Floor, San Francisco, CA 94105, United States (US)Job Type: Full TimePosition Type (Regular/Temporary): Intern/TraineeJob Function: FinancePosition: Intern, Internal ControlLocation: Sephora Field Support Center (FSC) -...
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San Francisco, CA

Financial Planning Intern

Type: Internship
Job DescriptionThis position is located at our Atlanta Office which is located at:1600 RiverEdge Parkway, Suite 310, Atlanta, GA 30328We are currently seeking a Financial Planning Intern who has a passion for learning and a strong desire to serve with a dynamic, multi-faceted Financial Planning...
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Financial Planning Intern

Type: Internship
Job DescriptionThis position is located at our Indianapolis office which is located at:9229 Delegates Row, Suite 200, Indianapolis, IN 46240We are currently seeking a Financial Planning Intern who has a passion for learning and a strong desire to serve with a dynamic, multi-faceted Financial...
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Indianapolis, IN

International Student Advisor

Type: Full Time, Full Time Alumnus
Institutional Overview:Located in the historic Back Bay neighborhood in Boston, Massachusetts, and having recently merged with the Boston Conservatory of Music, Berklee is the world's leading educational institution in the instruction of contemporary and classical music, dance, and musical...
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Intern - Custody Operations

Type: Internship
Job Description:If you're looking for an opportunity to develop upon your growing skills, AssetMark offers the prospect to experience a variety of work types, as well as interact with multiple departments within the organization. If you are a quick, strategic, and analytical thinker who is...
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Academic Advisor I

Type: Full Time, Full Time Alumnus
Academic Advisor IThe Academic Advisor guides students through their educational journey by providing educational advisement and helping the students navigate through university policies & procedures. Our goal is to provide quality, innovative education & technology services to enrich the...
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Private Client Advisor II

Type: Full Time, Full Time Alumnus
Job Description:Business Overview:U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients wealth structuring, investment management, banking and credit needs. Clients are served...
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Newport Beach, CA

Security Operations Intern

Type: Internship
MILLENNIUM TRUST COMPANY (MTC) is a leading financial services company offering niche alternative custody solutions to institutions, advisors and individuals. We serve as a complement to services offered by other custodians. Some of our innovative solutions include alternative asset custody,...
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Intern - Trust

Type: Internship
POSITION SUMMARY:Work with Trust Relationship Managers, Portfolio Managers, Trust Operations, Wealth Advisors and Executive Management team to provide support for current and future trust relationships. Provide administrative and clerical support to design/complete tasks, projects, and related...
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Business Strategy and Analytics Intern

Type: Internship
The Consumers Energy Internship Program is designed to be complimentary to traditional classroom instruction and is based on the three core principles of skill development, ability enhancement, and knowledge application.In addition to working alongside full-time employees within the Strategy and...
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2019 - Summer - Wealth Management Intern

Type: Internship
This position is part of the growing Charlotte, NC office of RSM US Wealth Management LLC and will work with advisors and other team members to serve a client base consisting of high net worth families and business owners.Responsibilities:Assist with multiple client and practice related projects...
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Charlotte, NC

Commercial Banker - Banking Business Services Officer

Type: Full Time, Full Time Alumnus
Specific information related to the position is outlined below. To apply, click on the button above. You will be required to create an account (or sign in with an existing account). Your account will provide you access to your application information. Need Help?Should you have a disability and need...
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Dallas, TX