Financial Advisor duties and responsibilities
Understand clients’ financial needs
Determine clients’ expenses, level of income, insurance coverage, their financial objectives and goals, tax status and risk tolerance
Answer clients’ questions and address concerns
Give advices to clients about insurance coverage, investment planning, cash management or any other areas in order to help them reach their financial goals
Regularly review clients’ bank and other accounts and analyze their financial data to understand if life or economic changes are necessary to reach their financial goals.
Preparing or interpreting financial document summaries, investment performance reports and income projections for clients.
Manage and regularly update clients’ portfolios.
Continuous communication with clients’ to stay up to date with their financial status
Building and maintaining client base.
Financial Advisor requirements and qualifications
Bachelor’s degree in business, finance or related field.
1-2 years of experience as a Financial Advisor or similar role
Must have current FINRA Series 7 and 63 Securities Registration (66 or 65 preferred)
Life and health license
Valid driver’s license
Knowledge of securities and insurance industries
Proficient in Word, Excel, Outlook and PowerPoint
Sense of ownership and pride in your performance and its impact on company’s success
Critical thinker and problem-solving skills
Team player
Good time-management skills
Great interpersonal and communication skills
add to list:
financial advisor/broker must apply the “know your customer rule”
iow FA should know she is a US Senator on the intelligence committee & question the timing of this sell order.
in fact the broker could also be liable for trading on insider information, imo