Financial advisors provide financial planning and support to clients to help manage their current finances and to plan for their financial futures regarding their short and long-term goals. They assist clients with portfolio management and counsel them on financial topics including investments, taxes, estate planning, college savings, insurance, mortgages, and retirement planning. Together with a client, they outline the best financial plan by determining factors like their expenses, income, and risk tolerance.
Financial advisors prepare and interpret financial document summaries, investment performance reports, and refer clients to additional outside financial professionals if needed. Keeping an open line of communication, they contact clients frequently to stay up-to-date on their life any changes in their status or finances. Financial advisors also give tax advice and sell insurance products. Financial advisors need a bachelor's degree in finance, economics, business, statistics or related fields.
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Common Skill Sets