Financial Consultants Job Description
Work with companies or individuals to plan for their futures by offering information and guidance on topics that include taxes, investments, and insurance decisions. Often called financial advisors, these consultants work closely with clients to offer personalized financial advice. They may also direct the buying and selling of stocks and bonds for their clients. Some consultants work for consulting firms that focus on the financial needs of specific businesses or industries.
Professional Certifications by the USA
- Certified Financial Consultant – CFC®
- Certified Financial Risk Management Consultant – CFRMC®
- Chartered Business Analyst – CBA®
- Certified Professional Internal Auditor – CPIA
- Certified Financial Manager – CFM
- Certified Professional Financial Accountant – CPFA
- Certified Professional Management Accountant – CPMA
- Certified Professional Forensic Accountant – CPFAcct
- Certified Fraud Specialist – CFS
- Chartered Business Administrator – ChBA®
- Chartered Human Resource Consultant – ChHRC®
- Chartered Project Management Consultant – ChPMC®
- Chartered Marketing Consultant – ChMC
- Chartered Certified Business Consultant – CCBC
Duties of a Personal financial business consultants Advisor
Consultants meet personally with clients to assess their financial situation to present a financial plan that includes both short- and long-term financial goals. Consultants help clients with financial planning decisions for retirement, education, day-to-day expenses, and investments. They meet regularly with clients to assess how life changes such as marriage, job change, or the birth of a child will affect the client’s financial plan. In addition, many consultants are licensed to buy and sell financial products such as insurance policies, stocks, and bonds.
Consultants spend much of their time reaching out to prospective clients and building a strong customer base. This means consultants often travel or work non-traditional hours to meet with clients in their homes or businesses. Consultants may also offer financial planning classes or seminars to reach out to potential clients.
Job Requirements for Consultants
Typically have a bachelor’s or graduate degree in a closely related field. Some colleges and universities offer degrees in financial consulting. Others offer more generalized degrees for those wanting to enter this career path. Prospective earn degrees in finance, math, business, or economics as preparation for the field.
To sell securities, consultants must be licensed and registered with their particular state and the Securities Exchange Commission. The variety of licenses needed by these depends on the products they wish to offer their clients. We must also have a license for those who sell insurance products to the State Council.
Salary and Job Outlook
Finally, As of 2018, the median annual wage for a personal financial consultant salary is $88,890, according to the U.S. Bureau of Labor Statistics (BLS). The BLS projects employment in this field will grow 7%, much faster than average, from 2018 to 2028
