Will “Insurance Adviser” be Replaced By Robots? 🤔

58% Chance of Automation

“Insurance Adviser” 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 “Insurance Adviser”

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.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Investigate available investment opportunities to determine compatibility with client financial plans.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
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.
Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
Answer clients' questions about the purposes and details of financial plans and strategies.
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.
Contact clients periodically to determine any changes in their financial status.
Devise debt liquidation plans that include payoff priorities and timelines.
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.
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
Monitor financial market trends to ensure that client plans are responsive.

Related Technology & Tools

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

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