What does a Financial Advisor do?
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.
Financial Advisor Salaries
Average Base Pay
Financial Advisor Career Path
Learn how to become a Financial Advisor, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.