Financial Advisor Job Description: Top Duties and Qualifications

A Financial Advisor, or Independent Financial Advisor helps people or businesses organise their finances. Their duties include discussing finances and financial goals with clients, developing financial strategies for clients and reporting on financial progress.


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Financial Advisor duties and responsibilities

Financial Advisors perform several tasks to serve their clients better. Their responsibilities vary depending on their speciality, but often include:

  • Meeting clients and discussing their finances and financial goals
  • Researching financial products for clients and explaining their key features and benefits
  • Negotiating better financial deals with providers on a client’s behalf
  • Researching financial law changes and economic trends
  • Reporting their clients’ financial results and investment progress
  • Supporting investment professionals to cultivate client relationships 


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Financial Advisor Job Description Examples:


Example 1

A career in Risk Management, within Internal Firm Services, will provide you with the opportunity to advance and foster integrity based decision making and conduct by PwC professionals throughout our organisation. You’ll focus on promoting and monitoring compliance with applicable external laws and regulations as well as internal policies and procedures to help manage PwC’s regulatory, litigation, and reputational risk. Our Compliance team is responsible for oversight of all Compliance activities by our PwC professionals. As part of the team, you’ll help promote and monitor compliance with applicable external and internal policies, laws and regulations and subsequently, manage PwC’s regulatory, litigation and reputational risk. To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future. As a Senior Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and for this management level include but are not limited to: Use feedback and reflection to develop self awareness, personal strengths and address development areas. Delegate to others to provide stretch opportunities, coaching them to deliver results. Demonstrate critical thinking and the ability to bring order to unstructured problems. Use a broad range of tools and techniques to extract insights from current industry or sector trends. Review your work and that of others for quality, accuracy and relevance. Know how and when to use tools available for a given situation and can explain the reasons for this choice. Seek and embrace opportunities which give exposure to different situations, environments and perspectives. Use straightforward communication, in a structured way, when influencing and connecting with others. Able to read situations and modify behavior to build quality relationships. Uphold the firm's code of ethics and business conduct. Who we're looking for The Financial Crime Team forms (FCT) part of PwC’s Risk Management practice and sits within the London-based Compliance Department. Its main purpose is to support the Money Laundering Reporting Officer (MLRO) and Chief Compliance Officer in ensuring that the firm discharges its legal and regulatory in the areas of AML. We are seeking a compliance /risk practitioner who: is enthusiastic about developing him/herself and others; has an aptitude for digesting and interpreting regulations in order to provide guidance and direction to the client-facing practice; is highly motivated and confident to work independently, but with support from more experienced subject matter experts; has a proven ability to work to deadlines; has appropriate ‘hands on’ experience of AML regulation. About the role A vacancy has arisen which will provide a stimulating and challenging opportunity to: develop a deeper industry specialism that provides career choices both within the firm & wider marketplace; gain experience of the PwC approach to compliance disciplines and in particular AML regulation; acquire knowledge of the ‘products’ and services offered by the firm; develop transferable relationship management skills, by dealing with senior partners & staff within the firm on regulatory compliance matters and sensitive client issues. The successful candidate will report to the AML specialism leaders, supporting the leaders’ activities and will be responsible for managing their own workload in consultation with the specialism leaders. The role holder supports the FCT’s objectives through direct involvement in: the provision of subject matter advice to the client-facing practice and AML Central Support Team; AML monitoring; Suspicious Activity Reporting; financial Sanctions screening; awareness and training; the development of AML policy and procedures; horizon scanning. Role requirements Ideally, the candidate will be educated to graduate level and have made progress towards a relevant professional qualification; They will typically have one to three years’ experience within the risk management /compliance / forensic services functions of a professional or financial services firm; Key required skills are an ability to: acquire and apply technical expertise; communicate with impact and empathy to individuals at all levels of seniority: observe key principles of confidentiality and sensitivity; be adaptive, open minded and agile; be passionate about client service; be curious to learn and share; demonstrate courage, integrity and the confidence to make independent decisions.

Example 2

Join us as a Customer Service Associate within Fraud & Chargeback Operations - * A chance to make a genuine impact on the safety of our customers through the prevention of fraud * You'll gain valuable exposure to a high profile area of the bank * This is a real opportunity for personal and professional development What you'll do We’re continually developing the ways in which our customers can bank with us through the digital age, and with every inch of our progression we need to ensure our customers are safe. You’ll build effective trusted relationships with our customers on every call you take, and by listening carefully and asking the right questions, you’ll identify and promote the best possible resolution to a broad array of fraud related issues. You'll build and maintain a broad awareness of financial crime, allowing you to: * Handle a wide range of queries * Understand and actively responding to customers’ needs and complaints efficiently and effectively * Provide continual assurance and delivering outstanding customer service * Handle inbound telephone calls relating to Faster Payment Transactions * Undertake and deal with a wide range of requests, transactions and in an efficient and professional manner. * Give direction and clarity to customers ensuring a fair outcome is achieved and move to the next request in an appropriate timeframe. * Clarify understanding of customers’ needs and issues and respond so that their expectations are reached and exceeded in line with policies and procedures. * Act as a point of escalation for the customer regarding processes and products, with an understanding of the end to end process to fulfil customers’ requirements in a fair and professional manner. * Right first time in line with given processes. The skills you'll need We’re looking for someone with an innovative mind set with a proactive approach to problem solving, who is passionate about fraud and will be proactive in developing and expending their own skill set and knowledge of this specialist area. We're also looking for: * Relationship building and interpersonal skills, and the personal credibility to engage and communicate with your stakeholders, often regarding sensitive issues * A natural flair and genuine desire to help customers by using a full range of investigative tools, as well as a keen eye for detail to identify potential risks to the bank * The ability to multitask and work well under pressure What else you need to know We’re here for our customers, whatever the time of day or night, so you’ll need to be flexible in working a rotating shift pattern. Your hours of work will be 35 hours a week and you will work a 7 hours shift between 8am & 8pm. You will work 5 days and this will include one day on the weekend. Any hours worked over 35hrs will be paid at an enhanced rate. Salary is £12.49ph, holidays 33 days pro-rata (including 8 days Bank Holidays), restaurant, shower/changing room on site. Bus 9 for free. Fantastic training program which is 4/5 weeks long, you will have ongoing support & development once you join your team. Contract length: 12 months Expected start date: 05/07/2021 Job Types: Full-time, Temporary, Contract Salary: £12.49 per hour Benefits: * On-site parking Schedule: * Monday to Friday * Weekends Work remotely: * No

Example 3

Forza Finance are a specialist finance company providing loans and credit facilities for UK residents and businesses. From our group of companies, we have been sourcing and financing vehicles for over 40 years. We have a team of dedicated Finance Advisors on hand to guide you through every step of the asset buying journey, and we work hard to ensure a positive outcome for all of our clients. Our innovative Finance Calculator and application systems compare the market and select loans from our exclusive panel of over 20 partner lenders, offering over 100 financial products. We are looking to recruit a Finance Advisor to assist our busy team. Hours: 45hrs per week (Monday - Friday, 9am to 6pm. 1 x 3 Saturdays, 9am to 6pm) A typical day: * Liaise with customers and Business Managers to determine customer needs and recommend the right loan products to help meet their goals; * Maintain an active knowledge base of all of the company’s loan products and an understanding of the qualifications required of each applicant; * Identify and recommend products that meet the customer needs and the company’s lending guidelines; * Review active loan files to determine all required documentation is present and correct; * Utilise professional judgement to determine which potential borrowers represent good risk opportunities for the company; * Support and assist the Operational Manager, deputising in their absence; * Obtain and maintain a thorough understanding of the financial reporting and general ledger structure; * Ensure timely payment for clients and dealers; * Answer customer questions about the loan process, taking care of customer complaints by addressing them; * Any other reasonable duties as assigned by management. The ideal candidate: * SAF accredited; * Experience of proposals for loan decisions on a daily basis through a variety of means including credit scoring, credit history, affordability analysis; * Significant experience of administering or delivering a customer centered product or service; * Expert experience of working with finance systems and Microsoft packages, especially excel; * Excellent communication and interpersonal skills; * Preferable experience within the motor finance sector, a bank, broker or dealer. Job Types: Full-time, Permanent Salary: per year Additional pay: * Bonus scheme Benefits: * Additional leave * Company pension Schedule: * 8 hour shift * Monday to Friday * Weekends Experience: * Finance: 1 year (required) Work remotely: * No

Example 4

*Financial Adviser* As a growing and ambitious financial adviser practice based in south Manchester, we are looking for a financial adviser to join our team. This exciting role will see a financial adviser join our existing team of 8 advisers in providing excellent financial advice to a number of our 1,800+ clients. The incoming adviser will be given clients to service. To apply for the role you will have the required level 4 qualification and experience of being a financial adviser for at least 2 years. *Principal Accountabilities / Main Responsibilities* · Providing 1st class advice to clients on wealth management covering pensions, investments, tax planning, savings and protection products. · Working with the sizeable paraplanning and administration team to deliver timely reports and great customer service. · The new adviser will be provided with a client bank, but they will be expected to grow the asset bank through bringing across additional assets where possible. · Ability to learn and develop with the business as it grows. · Working with the adviser team and wider business to encourage and drive changes to ultimately provide clients with a better service. *Knowledge & experience* · Detailed experience of financial advice and technical aspects · Experience at dealing with clients on a face to face and online basis · Experience of working with clients of high net worth preferable but not essential. · Experience of working in a team to drive better outcomes for all stakeholders *Skills* · Strong financial advice skills · Eye for detail and accuracy · Good team skills and desire to working collaboratively · Excellent verbal and written communication skills · Monitoring, evaluating and reporting · Ability to step back, critique the existing way of working and implement improvements *Behaviours* · A desire to succeed · A customer focussed outlook · Assertiveness · Proactivity · Team player *Company Benefits* · Basic salary range £45k - £60k · Additional adviser bonus scheme · 25 days holiday + 8 days bank holiday · 5% company pension contribution · Flexible medical package Reference ID: Financial Adviser Job Types: Full-time, Permanent Salary: £45,000.00-£60,000.00 per year Additional pay: * Bonus scheme Benefits: * Company pension * On-site parking * Private dental insurance * Private medical insurance * Referral programme * Work from home Schedule: * Monday to Friday Experience: * Financial Advice: 2 years (required) * Level 4 Qualification (required) Work remotely: * Yes

What does a Financial Advisor do?

Financial Advisors help individual and business clients manage their finances better. They help their clients choose investments and financial products, including home loans and insurance. They also help them build their savings and reduce their debts. Financial Advisors typically specialise in working with either individuals or business clients. It’s also common for Financial Advisors to work with clients with specific needs, such as high-income earners or people nearing retirement. Good Financial Advisors help financial firms build credibility and customer loyalty. Successful Financial Advisors often generate positive word-of-mouth referrals which help these firms grow.


Financial Advisor skills and qualifications

Financial Advisors use a combination of industry-specific and people skills to help their clients. A successful Financial Advisor candidate will have various prerequisite skills and qualifications that typically include: 

  • Good customer service for pleasant and productive client interactions
  • Verbal and written communication, including active listening, for determining client needs and reporting financial progress
  • Negotiation skills for securing the best deals for clients
  • Understanding of economics, accounting and other financial concepts
  • Mathematics for developing sound financial strategies
  • Computer literacy, including confidence using office and accounting programs


Financial Advisor experience requirements

Financial firms typically employ Financial Advisors who have worked as Financial Services Administrators or Customer Service Advisors in banks. These positions help improve their customer service skills and industry knowledge.


Financial Advisor education and training requirements

Financial Advisors usually need a degree in financial services, accountancy or business management. Students need two or three A levels, or equivalent, to enter these degree programs. Some financial firms accept candidates who have completed financial advisor higher apprenticeships or financial services professional degree apprenticeships. These apprenticeships provide practical experience delivering financial advice.

Financial Advisors also need a Level 4 qualification in financial advice recognised by the Financial Conduct Authority. Relevant Level 4 qualifications include a Diploma in Regulated Financial Planning from the Chartered Insurance Institute, a Diploma for Financial Advisers from The London Institute of Banking & Finance and an Investment Advice Diploma from the Chartered Institute for Securities & Investment.


Financial Advisor salary expectations

According to Indeed Salaries, the average salary for a Financial Advisor in the UK is £39,494 per year. Salaries vary according to experience, location and area of speciality.


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Financial Advisor job description FAQs


Which qualities do successful Financial Advisors have?

Financial Advisors should be personable, as they spend a lot of time talking with clients. Their positive personalities help them connect with clients and develop trust. Good Financial Advisors should also be passionate about the finance sector. This interest motivates Financial Advisors to deliver results for their clients and stay up-to-date with industry news. They should also be honest and trustworthy, as they deal with confidential client information.


How can I feel confident my new Financial Advisors are of good character?

Every Financial Advisor must register as an ‘approved person’ with the Financial Conduct Authority. Registered people must meet the authority’s ‘fit and proper’ test requirements and follow conduct rules. Most financial firms also run a Disclosure and Barring Service (DBS) to check on all new Financial Advisors. It’s a good idea to state that employment is subject to these requirements on your job description.


What is the difference between a Financial Advisor and a Wealth Manager?

A Wealth Manager is a type of Financial Advisor. Like other Financial Advisors, Wealth Managers give advice about financial matters. However, they only work with clients with a high net worth. In contrast, most Financial Advisors see middle-income people who want their finances to go further. They help their clients reduce their debts, plan for retirement and achieve other goals that Wealth Managers are less focused on.


Who does a Financial Advisor report to?

Financial Advisors report to Managing Directors or Supervisors. Managing Directors act as mentors, helping Financial Advisors develop financial strategies and customer service skills. If Financial Advisors are ever unsure how to help their clients, they can approach their Managing Directors for guidance.

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