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