What does a Financial Planner do?
Financial Planners work either directly for a business or as an independent contractor for organizations or individuals, developing detailed strategies to help them meet their financial goals. They’ll evaluate their clients’ current financial materials and will build a logical and beneficial plan and budget to improve their financial status.
Financial Planners typically develop financial reports and strategies and present these plans to clients or executives. They’re also responsible for staying updated on current regulations, economic changes and other factors that may affect individuals or businesses financially.
Financial Planner skills and qualifications
To meet these responsibilities, a Financial Planner must have several skills and qualifications to perform the most basic tasks of the job. Analytical skills and financial know-how are essential to be a successful Financial Planner. Here are the most important skills and qualifications for a Financial Planner to have:
- A Financial Planner needs strong data analysis skills effectively develop strategies for that business to meet their financial goals.
- An advanced understanding of economics is necessary for a Financial Planner to understand and predict the market to have a greater likelihood of accomplishing company goals.
- As with any job that provides a service, Financial Planners need to excel at both written and verbal communication.
- Almost all aspects of professional finance are regulated, so Financial Planners need to be familiar with the law if they want to successful.
Financial Planner salary expectations
Financial Planners make an average of $60,107 per year. Salary may depend on level of experience, education and the geographical location.
Financial Planner education and training requirements
There are several education and training requirements for a Financial Planner. At the most basic level, a bachelor’s degree in finance is required. For Financial Planners to get the best positions, however, they need to be registered as fiduciaries, or financial experts legally required to act in the best interest of their client. Additionally, being a Certified Financial Planner is helpful, as it confirms expertise in a wide variety of financial subjects.
Financial Planner experience requirements
A Financial Planner needs extensive experience to obtain more lucrative positions. Most positions require at least three years of experience, but higher-level positions can require up to 10 years. Financial Planners should generally be experienced in a wide variety of areas, including taxes, estate planning and insurance.
Job description samples for similar positions
If this Financial Planner job description sample doesn’t quite fit the role you need at your business, consider looking at other options. Here are some related job description samples that may be a better fit: