Will “Financial Retirement Plan Specialist” be Replaced By Robots? 🤔
58% Chance of Automation
“Financial Retirement Plan Specialist” 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 Professional
- Financial Coordinator
- Financial Agent
- Financial Adviser
- Finance Consultant
- Estate Planning Counselor
- Estate Planner
- Debt Counselor
- Credit Counselor
- Chartered Financial Analyst (CFA)
- Budget Counselor
- Asset Manager
- Asset Analyst
- Advisor
- Account Manager
Tasks for “Financial Retirement Plan Specialist”
- Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
- Recruit and maintain client bases.
- 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.
- Monitor financial market trends to ensure that client plans are responsive.
- Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
- 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.
- Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
- Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
- 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.
- Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
- Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
- Investigate available investment opportunities to determine compatibility with client financial plans.
- Contact clients periodically to determine any changes in their financial status.
- Devise debt liquidation plans that include payoff priorities and timelines.
- Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
- Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
- Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
- Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Related Technology & Tools
- Desktop computers
- Tablet computers
- 10-key calculators
- Personal computers
- Personal digital assistants PDA
- Notebook computers
- Estate planning software
- PIE Technologies MoneyGuidePro
- Microsoft Office
- Education planning software
- SunGard Frontier
- Microsoft Business Contact Manager
- Thomson ONE Advisor
- Optima IAS
- Net Worth Strategies Stock Opter Pro
- WealthTec Foundations
- Advent Axys
- ASI Client Acquisition Solution
- J&L Financial Planner
- WealthTec AllocationPro
- Getting Things Done GTD software
- CRM Software Junxure
- Monte Carlo simulation software
- ProTracker Advantage
- Financial Planning Consultants Practice Builder
- CRM Software Junxure-i
- Financeware AASim
- SunGard PlanningStation
- Oracle Hyperion
- MoneyTree Silver Financial Planner (financial analysis feature)
- ExpenseWatch
- Financial Profiles Profiles+ Professional
- Portfolio management software
- Finance Logix Education Planner
- Torrid Retirement Planner
- Microsoft Excel
- Oracle E-Business Suite Financials
- eMoneyAdvisor AdvisorPlatform
- Pimlico Software DateBk
- Corel QuattroPro
- Investment tracking software
- WealthTec WealthMaster
- Automatic Data Processing ProxyEdge
- AdviceAmerica AdvisorVision
- MasterPlan
- Redtail Technology Our Business Online
- Fund accounting software
- Investigo
- Salesforce software
- Financial planning software
- Intuit Quicken
- EISI NaviPlan
- Microsoft Money
- EZ-Data Client Data System
- ScanSoft PaperPort Pro
- Unger Software Methusaleh
- PlanScan Portfolio Pathfinder
- Ibbotson Portfolio Strategist
- Web browser software
- Investment and business valuation template software
- Morningstar Principia
- Microsoft Dynamics
- Impact PlanLabX3
- Sage 50 Accounting
- Practice management software PMS
- IBM Lotus 1-2-3
- Brentmark Stock Option Risk Analyzer
- SunGard WebPlaid
- SunGard LockBox
- PlanPlus Pro
- Asset allocation software
- ACT! ACT4Advisors
- Sawhney ExecPlan
- World Software Corporation Worldox
- Finance Logix Insurance Planner
- Finance Logix Retirement Planner
- IMPACT Wealth Distribution Analysis
- ScenarioNow RetireNow
- IBM Domino
- Financeware WealthSimulator
- Tax planning software
- Cheshire Financial Planning Suite
- Microsoft Word
- Microsoft PowerPoint
- Financeware Finance File Manager
- Financial report generation software
- Estate Capitol Needs Analysis
- Advisory World ICE
- Cabinet NG CNG-SAFE
- Financial planning presentation software
- Oracle PeopleSoft Financials
- ComplianceMAX
- Host Analytics Host Budget
- Ibbotson Analyst
- Web Information Solutions Pocket Informant
- DataViz Beyond Contacts
- The Omni Group OmniPlan
- MoneyTree Silver Financial Planner (presentation feature)
- Structured query language SQL
- Needs analysis software
- Microsoft Access
- Retirement planning software
- Cygnus IncomeMax