__________________________________________ Enterprising Occupations: Personal Financial AdvisorsEnterprising–
P
legal requirements. Prepare and administer budget,
approve and review expenditures, and prepare fi nan-
cial reports. Make presentations at professional meet-
ings to further knowledge in the fi eld.
GOE—Interest Area/Cluster: 15. S c i e nt i fi c
Research, Engineering, and Mathematics. Work
Group: 15. 01. M a n a g e r i a l Wo r k i n S c i e nt i fi c
Research, Engineering, and Mathematics. Other
Jobs in " is Work Group: Engineering Managers.
Skills: Science; Mathematics; Active Learning;
Reading Comprehension; Writing; Management
of Personnel Resources; Complex Problem Solving;
Critical # inking.
Education and Training Programs: Operations
Research; Biology/Biological Sciences, General; Bio-
chemistry; Biophysics; Molecular Biology; Radia-
tion Biology/Radiobiology; Botany/Plant Biology;
Plant Pathology/Phytopathology; Plant Physiology;
Botany/Plant Biology, Other; Cell/Cellular Biol-
ogy and Histology; Anatomy; Cell/Cellular Biol-
ogy and Anatomical Sciences, Other; Microbiology,
General; others. Related Knowledge/Courses: Biol-
ogy; Chemistry; Engineering and Technology; Law
and Government; Administration and Management;
Physics.
Work Environment: Indoors; noisy; sitting.
Personal Financial Advisors
! Personality Code: ECS! Education/Training Required: Bachelor’s
degree
! Annual Earnings: $67,660
! Beginning Wage: $33,100
! Earnings Growth Potential: Very high
! Growth: 41.0%
! Annual Job Openings: 17,114
! Self-Employed: 30.9%
! Part-Time: 7.7%
Advise clients on fi nancial plans, using knowl-
edge of tax and investment strategies, securities,insurance, pension plans, and real estate. Duties
include assessing clients’ assets, liabilities, cash
fl ows, insurance coverages, tax statuses, and
fi nancial objectives to establish investment strat-
egies. Prepare and interpret for clients information
such as investment performance reports, fi nancial
document summaries, and income projections. Rec-
ommend strategies clients can use to achieve their
fi nancial goals and objectives, including specifi c
recommendations in such areas as cash manage-
ment, insurance coverage, and investment planning.
Build and maintain client bases, keeping current cli-
ent plans up-to-date and recruiting new clients on
an ongoing basis. Devise debt liquidation plans that
include payoff priorities and timelines. Implement
fi nancial planning recommendations, or refer clients
to someone who can assist them with plan implemen-
tation. Interview clients to determine their current
incomes, expenses, insurance coverages, tax statuses,
fi nancial objectives, risk tolerances, and other infor-
mation needed to develop fi nancial plans. Monitor
fi nancial market trends to ensure that plans are eff ec-
tive, and to identify any necessary updates. Explain
and document for clients the types of services that are
to be provided, and the responsibilities to be taken
by personal fi nancial advisors. Explain to individuals
and groups the details of fi nancial assistance avail-
able to college and university students, such as loans,
grants, and scholarships. Guide clients in the gath-
ering of information such as bank account records,
income tax returns, life and disability insurance
records, pension plan information, and wills. Ana-
lyze fi nancial information obtained from clients to
determine strategies for meeting clients’ fi nancial
objectives. Meet with clients’ other advisors, includ-
ing attorneys, accountants, trust offi cers, and invest-
ment bankers, to fully understand clients’ fi nancial
goals and circumstances. Answer clients’ questions
about the purposes and details of fi nancial plans and
strategies. Open accounts for clients, and disburse
funds from account to creditors as agents for clients.
Authorize release of fi nancial aid funds to students.
Participate in the selection of candidates for specifi c
fi nancial aid awards. Research and investigate avail-
able investment opportunities to determine whether
they fi t into fi nancial plans.