Will “Estate Planner” be Replaced By Robots? 🤔
58% Chance of Automation
“Estate Planner” will maybe be replaced by robots.
This job is ranked #324 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍
Job 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.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2052.00
- The Mean Annual Wage in the U.S. is $ 123,100.00
- The Mean Hourly Wage is $ 59.00
- Currently, there are 201,850 people on this job
☝️ Information based on the reference occupation “Personal Financial Advisors”.
Also Known As…
- Personal Financial Advisors
- Registered Representative
- Portfolio Manager
- Investment Advisor
- Financial Planner
- Financial Counselor
- Financial Consultant
- Financial Advisor
- Certified Financial Planner (CFP)
- Analyst
- Account Executive
- Wealth Management Advisor
- Trustee of Estate
- Strategist
- Socially Responsible Investment Adviser
- Securities Counselor
- Securities Consultant
- Relationship Manager
- Personal Investment Adviser
- Personal Financial Planner
- Personal Financial Advisor
- Personal Banker
- Pension Consultant
- Pension Adviser
- Money Manager
- Investments Manager
- Investment Representative
- Investment Counselor
- Investment Consultant
- Insurance Consultant
- Insurance Adviser
- Individual Pension Consultant
- Individual Pension Adviser
- Fiscal Specialist
- Financial Solutions Advisor
- Financial Retirement Plan Specialist
- Financial Professional
- Financial Coordinator
- Financial Agent
- Financial Adviser
- Finance Consultant
- Estate Planning Counselor
- Debt Counselor
- Credit Counselor
- Chartered Financial Analyst (CFA)
- Budget Counselor
- Asset Manager
- Asset Analyst
- Advisor
- Account Manager
Tasks for “Estate Planner”
- Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
- Recruit and maintain client bases.
- Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
- Investigate available investment opportunities to determine compatibility with client financial plans.
- Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
- Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
- Monitor financial market trends to ensure that client plans are responsive.
- Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
- Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
- Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
- Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
- Contact clients periodically to determine any changes in their financial status.
- Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
- Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
- Answer clients' questions about the purposes and details of financial plans and strategies.
- Manage client portfolios, keeping client plans up-to-date.
- Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
- 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.
Related Technology & Tools
- Notebook computers
- Tablet computers
- Personal computers
- Desktop computers
- 10-key calculators
- Personal digital assistants PDA
- Investment and business valuation template software
- Financial planning software
- Financeware AASim
- WealthTec WealthMaster
- Fund accounting software
- CRM Software Junxure
- Finance Logix Education Planner
- ACT! ACT4Advisors
- Sage 50 Accounting
- Automatic Data Processing ProxyEdge
- Financial report generation software
- Host Analytics Host Budget
- ExpenseWatch
- Morningstar Principia
- Microsoft Business Contact Manager
- Estate Capitol Needs Analysis
- Financeware Finance File Manager
- Cheshire Financial Planning Suite
- Sawhney ExecPlan
- IBM Domino
- Tax planning software
- Needs analysis software
- Finance Logix Retirement Planner
- SunGard LockBox
- Pimlico Software DateBk
- ScenarioNow RetireNow
- Getting Things Done GTD software
- Portfolio management software
- Torrid Retirement Planner
- Cabinet NG CNG-SAFE
- J&L Financial Planner
- Investigo
- Oracle E-Business Suite Financials
- Thomson ONE Advisor
- Net Worth Strategies Stock Opter Pro
- WealthTec AllocationPro
- Advent Axys
- Advisory World ICE
- Salesforce software
- IBM Lotus 1-2-3
- Redtail Technology Our Business Online
- Oracle Hyperion
- EZ-Data Client Data System
- Finance Logix Insurance Planner
- Optima IAS
- DataViz Beyond Contacts
- The Omni Group OmniPlan
- IMPACT Wealth Distribution Analysis
- MoneyTree Silver Financial Planner (financial analysis feature)
- SunGard WebPlaid
- Microsoft Word
- Financial Profiles Profiles+ Professional
- MasterPlan
- Financial Planning Consultants Practice Builder
- Impact PlanLabX3
- Financeware WealthSimulator
- Web Information Solutions Pocket Informant
- ScanSoft PaperPort Pro
- Practice management software PMS
- Brentmark Stock Option Risk Analyzer
- WealthTec Foundations
- eMoneyAdvisor AdvisorPlatform
- Web browser software
- Ibbotson Portfolio Strategist
- Estate planning software
- Intuit Quicken
- Retirement planning software
- SunGard Frontier
- PlanPlus Pro
- Microsoft Excel
- Education planning software
- PIE Technologies MoneyGuidePro
- Structured query language SQL
- Cygnus IncomeMax
- Financial planning presentation software
- Monte Carlo simulation software
- AdviceAmerica AdvisorVision
- Oracle PeopleSoft Financials
- Investment tracking software
- Microsoft Access
- Unger Software Methusaleh
- Ibbotson Analyst
- Corel QuattroPro
- Microsoft PowerPoint
- Asset allocation software
- Microsoft Dynamics
- CRM Software Junxure-i
- PlanScan Portfolio Pathfinder
- MoneyTree Silver Financial Planner (presentation feature)
- World Software Corporation Worldox
- ComplianceMAX
- Microsoft Office
- ProTracker Advantage
- ASI Client Acquisition Solution
- SunGard PlanningStation
- EISI NaviPlan
- Microsoft Money