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.

EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

Financial Advisor Salaries

Average Base Pay

€39,968 /yr
Same as national average
Not including cash compensation
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Median: €40K
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Glassdoor Estimated Salary

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.

Financial Advisor
Lead Financial Advisor
No Salary Reports
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Financial Advisor Insights

Read what Financial Advisor professionals have to say about their job experiences and view top companies for this career.
Equitable AdvisorsEquitable Advisors
Financial Advisor
5 Oct 2021

“On the job training ensures every employee is fully prepared and educated in all aspects of the career”

Financial Advisor
26 Jun 2021

“My first one was absolutely amazing and at that time I was so happy working for rbc.”

Financial Coach
9 Mar 2020

“Working with really smart and driven people on projects that have an impact on our client's lives.”

Freedom 55 FinancialFreedom 55 Financial
Financial Security Advisor
10 Jun 2020

“Freedom 55 Financial is the best place to start your own practice and grow your business.”

Northwestern MutualNorthwestern Mutual
Financial Advisor
2 Jan 2020

“At the office I worked at there was an amazing work culture and I truly felt supported.”

StepChange Debt CharityStepChange Debt Charity
Debt Advisor
16 Sep 2020

“The pay is not reflective if the skill level and demanding nature of the job.”

Edward JonesEdward Jones
Financial Advisor
17 May 2020

“You get the benefits of being an entrepreneur and an employee at the same time.”

Goldman SachsGoldman Sachs
Financial Advisor
22 Jan 2021

“Not great pay increases and promotions don't really mean higher pay and not really opportunities to increase pay based on performance”

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Financial Advisor Interviews

Related Careers

Financial Analyst
13% skills overlap
No skills overlap
Finance Manager
Financial Consultant
75% skills overlap

Financial Advisor jobs

Frequently asked questions about the role and responsibilities of a financial advisor

When working as a financial advisor, the most common skills you will need to perform your job and for career success are Credibility, Computer Literacy, .NET, Excellent Communication and Series 63.

The most similar professions to financial advisor are:
  • Financial Analyst
  • Controller
  • Finance Manager
  • Financial Consultant

The most common qualifications to become a financial advisor is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.