Home > Financial Planner Career > Financial Planning Job Description

Financial Planner vs. Advisor Job Description

By: CareerFactsheet.com- Updated: Jun. 21, 2017
Becoming a Financial Planner

Working in a financial career field in different positions means different roles, job descriptions as well as differing salaries and commission options. By reading about specific positions that you are interested in you can make better decisions on carving out the fastest way to get yourself moving up on the career ladder. Importantly happiness, compassion and motivation when choosing any career field for longevity when possible. Clarification and delineation of roles and duties in every job, relationship or membership exists and knowing what aspects attract you can almost ensure that you have chosen the right career field and specified position.

What is a Financial Planner?

Financial Planners have an involved mathematical role in all areas of your financial future and goals. Their role is actually calculating your assets, disbursements and steps to take to change anything needed to reach the goals of the client. For example they will analyze your financial situation, create an investment, savings or spending plan with your detailed data for you to work with. It gives their clients an in-depth focus of their future.

What is a Financial Advisor?

Financial Advisors are usually more specialized in an area of financial planning and assist clients by informing of them financial options to meet their goals. For example they an assist with stocks, mutual funds, insurance of all types, bonds, gold & silver. They usually focus on one type of venue to for a client to focus on with an eye on risk management.

Financial Planner Job Description

Financial Planners are usually independent or self-employed because they already have the required three years’ work experience needed and attained a Certification as a Certified Financial Planner (CFP).

Specific duties may include:

  • Provide expert knowledge for Advisors to leverage;
  • Manage and develop effective written communication;
  • Provide review/analysis on monthly financial planning;
  • Build and maintain pro-active relations with internal teams;
  • Provide review/analysis on special circumstances of budget;
  • Support Advisors in creating realistic/attainable financial plans for clients
  • Manage and lead using company’s recommended process for wealth management;
  • Provide training pro-active support in companies prescribed financial journal/planner;
  • Provide content for training programs for Advisors, Branch Managers and Administrators;
  • Prepare financial plans and support Advisors for High Net Worth (HNW) (clients with +$750);
  • Identify strategies/tactics to help Advisors increase their skills, practices and advice given to clients;
  • Ensure internal/external client escalation procedures are followed timely and promptly for problem resolutions on projects;
  • Participate in assigned projects, scope management, budget, risks, resources, plans/timelines and internal communications;
  • Liaise and research with client and for products/services to support Advisors for financial plans and product recommendation.

* No matter position title you may hold in a career, you will always be responsible for “other duties as assigned” within your realm.

Financial Advisor Job Description

Financial Planning Duties

Financial Advisors need to meet a company’s goals and work towards becoming more independent over a three year period. Duties of a financial may include:

  • Generating new leads;
  • Scheduling & conducting meetings with clients and prospects;
  • Authorize release of financial aid funds to students;
  • Contact clients periodically for changes in financial status;
  • Sell stocks, bonds, mutual funds and insurance if licensed;
  • Analyze clients’ financial information to meet their objectives;
  • Open accounts and disburse funds to creditors as an agent for clients;
  • Participate in the selecting candidates for specific financial aid awards;
  • Answer clients' questions about purpose and details of financial plans and strategies;
  • Research/investigate investment opportunities and determine they fit into financial plans;
  • Collect information from students to determine specific financial aid programs eligibility;
  • Explain and document types of services that will be provided, and responsibilities of advisor;
  • Conduct workshops/seminars on financial planning (retirement/estate) and evaluate severance packages;
  • Contact creditors for agreeable and feasible payment arrangements/adjustments for clients and creditors;
  • Explain financial assistance, student loans, grants and scholarships to clients (individuals/students/groups);
  • Implement financial plans and make recommendations, or refer out for assistance with plan implementation;
  • Determine amounts of aid, based on available funds, extent of demand and financial needs to grant to students;
  • Review accounts and plans regularly focusing on life or economic changes of clients for any needed plan reassessments;
  • Recommend strategies and specific recommendations for cash management, insurance coverage and investment plans for clients;
  • Meet client’s advisors, attorneys, accountants, trust officers and investment bankers for clarity on clients' circumstances and goals;
  • Interview clients to determine current income, expenses, insurance coverage, tax status, financial objectives to create a financial plan.

*No matter position title you may hold in a career, you will always be responsible for “other duties as assigned” within your realm.


You should seek independent professional advice before acting upon any information on the CareerFactsheet.com website. Please read our Disclaimer.
© CareerFactsheet.com 2011-2017
facebook twitter