Personal Financial Advisors

• 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.
• 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.
• Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
• Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
• Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
• Manage client portfolios, keeping client plans up-to-date.
• Contact clients periodically to determine any changes in their financial status.
• Recruit and maintain client bases.
• Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
• Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
• Investigate available investment opportunities to determine compatibility with client financial plans.
• Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
• Monitor financial market trends to ensure that client plans are responsive.
• Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
• Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
• Devise debt liquidation plans that include payoff priorities and timelines.

Source: O*NET OnLine information for Personal Financial Advisors.

• Speaking - Talking to others to convey information effectively.
• Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Service Orientation - Actively looking for ways to help people.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.
• Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
• Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
• Persuasion - Persuading others to change their minds or behavior.

Source: O*NET OnLine information for Personal Financial Advisors.