According to people in this career, the main tasks are...
| Task | Importance |
|---|---|
| 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. | 95% |
| Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals. | 94% |
| Manage client portfolios, keeping client plans up-to-date. | 94% |
| Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation. | 92% |
| Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives. | 92% |
| Answer clients' questions about the purposes and details of financial plans and strategies. | 92% |
| Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment. | 91% |
| Contact clients periodically to determine any changes in their financial status. | 86% |
| Investigate available investment opportunities to determine compatibility with client financial plans. | 85% |
| Explain to clients the personal financial advisor's responsibilities and the types of services to be provided. | 84% |
| Recommend financial products, such as stocks, bonds, mutual funds, or insurance. | 80% |
| Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections. | 80% |
| Monitor financial market trends to ensure that client plans are responsive. | 77% |
| Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills. | 76% |
| Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances. | 74% |
| Recruit and maintain client bases. | 74% |
| Devise debt liquidation plans that include payoff priorities and timelines. | 70% |
| Open accounts for clients, and disburse funds from accounts to creditors as agent for clients. | 58% |
| Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds. | 45% |
| Inform clients about tax benefits, government rebates, or other financial benefits of alternative-fuel vehicle purchases or energy-efficient home construction, improvements, or remodeling. | 43% |
| Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages. | 40% |
