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Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
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Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
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Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
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Investigate available investment opportunities to determine compatibility with client financial plans.
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Devise debt liquidation plans that include payoff priorities and timelines.
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Manage client portfolios, keeping client plans up-to-date.
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Answer clients' questions about the purposes and details of financial plans and strategies.
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Contact clients periodically to determine any changes in their financial status.
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Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
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Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
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Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
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Open accounts for clients, and disburse funds from accounts to creditors as agent for clients.
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Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
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Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
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Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
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Monitor financial market trends to ensure that client plans are responsive.
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Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
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Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
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Inform clients about tax benefits, government rebates, or other financial benefits of alternative-fuel vehicle purchases or energy-efficient home construction, improvements, or remodeling.
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Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
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Recruit and maintain client bases.