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Personal Financial Advisors

Description

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.

Common Tasks

  • Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
  • Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
  • Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
  • Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
  • Manage client portfolios, keeping client plans up-to-date.

Required Education

Bachelor's degree

Wages

In 2016 the mean hourly wage in the Greater Sacramento area was $56.23 .

In 2016 the mean annual salary in the Greater Sacramento area was $116,968.84 .

Occupation Outlook

This occupation employed 28,500 people in California during 2014.

By 2024, there is expected to be an increase of 23.9% in the number of jobs in California for this occupation, bringing to total number to 35,300.

By 2024, in California, the median hourly rate for this occupation is expected to be $47.00 with the median annual salary reaching $99,439.

Data courtesy of O*NET
O*NET in-it