Will “Financial Agent” be Replaced By Robots? 🤔

58% Chance of Automation

“Financial Agent” 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…

Tasks for “Financial Agent”

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

Related Technology & Tools

Personal computers
Notebook computers
Desktop computers
10-key calculators
Personal digital assistants PDA
Tablet computers

Investigo
ScenarioNow RetireNow
Ibbotson Analyst
Web Information Solutions Pocket Informant
Needs analysis software
Finance Logix Insurance Planner
SunGard WebPlaid
ExpenseWatch
MoneyTree Silver Financial Planner (financial analysis feature)
Impact PlanLabX3
Financeware AASim
SunGard PlanningStation
Pimlico Software DateBk
Tax planning software
Ibbotson Portfolio Strategist
The Omni Group OmniPlan
Microsoft Dynamics
Education planning software
Getting Things Done GTD software
Financial planning presentation software
IMPACT Wealth Distribution Analysis
Advent Axys
SunGard Frontier
Finance Logix Education Planner
ProTracker Advantage
World Software Corporation Worldox
Portfolio management software
Financial Profiles Profiles+ Professional
Redtail Technology Our Business Online
Monte Carlo simulation software
Cheshire Financial Planning Suite
Microsoft Excel
Advisory World ICE
Corel QuattroPro
Sawhney ExecPlan
Cabinet NG CNG-SAFE
Salesforce software
IBM Lotus 1-2-3
Morningstar Principia
Automatic Data Processing ProxyEdge
Estate planning software
Estate Capitol Needs Analysis
Oracle Hyperion
Retirement planning software
Microsoft Office
WealthTec Foundations
MoneyTree Silver Financial Planner (presentation feature)
Microsoft PowerPoint
Unger Software Methusaleh
PlanPlus Pro
Financial planning software
IBM Domino
Financeware WealthSimulator
Investment and business valuation template software
EZ-Data Client Data System
Thomson ONE Advisor
Financial report generation software
WealthTec AllocationPro
Oracle E-Business Suite Financials
Structured query language SQL
Finance Logix Retirement Planner
PIE Technologies MoneyGuidePro
Intuit Quicken
Cygnus IncomeMax
Host Analytics Host Budget
Microsoft Money
Microsoft Business Contact Manager
CRM Software Junxure-i
ACT! ACT4Advisors
Microsoft Access
Asset allocation software
Net Worth Strategies Stock Opter Pro
AdviceAmerica AdvisorVision
Investment tracking software
PlanScan Portfolio Pathfinder
Web browser software
SunGard LockBox
Torrid Retirement Planner
WealthTec WealthMaster
EISI NaviPlan
Microsoft Word
Fund accounting software
CRM Software Junxure
J&L Financial Planner
Brentmark Stock Option Risk Analyzer
Financial Planning Consultants Practice Builder
Practice management software PMS
DataViz Beyond Contacts
ComplianceMAX
Oracle PeopleSoft Financials
ASI Client Acquisition Solution
ScanSoft PaperPort Pro
MasterPlan
Financeware Finance File Manager
Optima IAS
Sage 50 Accounting
eMoneyAdvisor AdvisorPlatform