Financial Advisor Job Description Example, Duties and Responsibilities

By | November 23, 2023
Financial Advisor Job Description
Financial advisors help clients in achieving financial goals.

This post provides detailed information on the financial advisor job description, including the key duties, tasks, and responsibilities they commonly perform.

It also highlights the major requirements you may be expected to perform to be hired for the financial advisor role.

What Does a Financial Advisor Do?

Financial advisors are professionals responsible for managing client finances in order to help achieve long term and short term financial goals.

The financial advisor job description entails proffering expert advice on personal budgeting, debt management, investment, insurance choices, and various other financial subjects.

Financial advisors are usually self-employed although some work for financial service firms such as insurance companies, banks, and stock exchange establishments.

In performing their duties, advisors proffer financial recommendations to clients; they suggest strategies necessary to achieve financial targets or overcome financial challenge.

They usually interview clients to determine their income, insurance coverage, and risk tolerance in order to develop a financial plan.

They also aid clients in gathering relevant information such as tax returns, insurance records, and wills required for developing effective financial strategies.

Financial advisors’ role also involves maintaining contact with clients in order to obtain feedback, as well as monitoring the progress of clients’ finances.

They build and maintain an up-to-date client profile and database. They also implement financial plan recommendations or refer clients to plan implement specialists.

As part of their responsibilities, advisors conduct market research to stay abreast with financial trends and ensure their plans are in line with current market conditions.

They also carry out investigations to identify available investment opportunities and determine if they match with set financial plans.

Financial advisors in fulfilling their work description, analyze relevant information obtained from clients in order to determine suitable action plan for meeting clients’ financial needs.

They explain to clients the details of a financial plan as well as provide answers to their inquiries.

They also review clients’ financial performance in order to determine the need for plan reassessment.

To get into the position of financial advisor requires a Bachelor’s degree in finance, economics, and accounting.

Some of the qualities you need to succeed on this job include active listening, reading comprehension, and communication skills.

Financial Advisor Job Description Example/Template

The job of a financial advisor involves various functions in helping their clients achieve both short and long term financial goals.

The following job description example shows typical duties, tasks, and responsibilities that usually constitutes the work activities of most financial advisors:

  • Contact clients to discuss their financial goals and offer them financial services
  • Design debt liquidation plans which consist of the time frame and priority of payoff
  • Interact with clients to determine their financial objectives, earnings, and expenditure so as to design appropriate financial plan
  • Proffer recommendations on cash management, investment choice, and insurance coverage
  • Carry out assessments to determine the net worth and financial status of an individual or company
  • Conduct market research to obtain information useful in providing effective financial services
  • Handle client complaints and assist with the resolution of financial issues
  • Conduct review of clients’ financial performance to determine the need for plan adjustment
  • Provide sales offers for financial products such as stocks, bonds, mutual funds, and insurance policies
  • Contact clients’ creditors to arrange a payment plan suitable for both parties
  • Liaise with other client advisors such as attorneys, accountants, and investment bankers in order to fully understand client’s financial objectives
  • Recommend or help clients select suitable investments
  • Conduct negotiations with product suppliers to reach favorable price bargain
  • Evaluate funds required to provide students grants for education
  • Organize seminars on financial planning topics such as retirement planning and investment.

Requirements – Skills, Abilities, and Knowledge – for Financial Advisor Role

As part of the processes for hiring the best candidates for the financial advisor role, the following are major requirements employers usually set for candidates for the position to meet to be considered for hiring:

  • Education and Training: To become a financial advisor, you require a Bachelor’s degree in finance, economics, or accounting, or in a related discipline. Having a Master’s degree in finance or business administration on the other hand increases prospects for management positions. State licensure is usually required in order to practice as a professional. Financial advisors who specialize in client investment management are required to register with the Securities and Exchange Commission
  • Active Listening: Advisors aid clients in achieving their financial goals by paying attention to their requirements and needs
  • Reading Comprehension: They are able to study relevant financial documents to obtain information useful in developing effective financial plans for clients
  • Communication Skill: They are adept at interacting with clients to proffer recommendations on appropriate financial strategy.


If you are looking to make a good work description for hiring the best financial advisor, this post provides a sample job description that can be applied as a template in making it.

The financial advisor functions provided in this post will also help individuals who are interested in this position to learn more about it and be better prepared for the tasks and responsibilities of the role.