Will “Individual Pension Consultant” be Replaced By Robots? 🤔

58% Chance of Automation

“Individual Pension Consultant” 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 “Individual Pension Consultant”

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.
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
Investigate available investment opportunities to determine compatibility with client financial plans.
Recruit and maintain client bases.
Manage client portfolios, keeping client plans up-to-date.
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
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.
Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
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.
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.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
Devise debt liquidation plans that include payoff priorities and timelines.
Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
Answer clients' questions about the purposes and details of financial plans and strategies.
Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.

Related Technology & Tools

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

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