Will “Financial Solutions Advisor” be Replaced By Robots? 🤔

58% Chance of Automation

“Financial Solutions Advisor” 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 Solutions Advisor”

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

Related Technology & Tools

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

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