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Personal financial advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances.
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Financial Advisors not only need to be good with numbers, but also with their clients. Therefore, skills like communication and persistence are vital.
Financial Advisors require a bachelor’s degree in finance, economics, accounting, business, mathematics, or law. Certifications or even a master’s degree can greatly improve your chances of being hired and for attracting wealthier clientele.
Some certifications include the Certified Financial Planner (CFP) certification by The Certified Financial Planner Board of Standards
Personal Advisors who directly buy or sell stocks, bonds, or insurance policies, or who provide specific investment advice require licensure. Some licenses include:
Requirements for licensure vary by state but generally involve the following:
Job Outlook
The job outlook for Financial Advisor is growing at 7% per year, which is considered to be faster than average. In 2018 there were 271,700 jobs available.
Average Salary
Financial Advisors make $87,850 per year on average. However, salaries could be as high as $208,000 depending on experience, clientele, and location.
Top Paying Salaries by State
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