Will “Pension Adviser” be Replaced By Robots? 🤔

58% Chance of Automation

“Pension 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 “Pension Adviser”

Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
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.
Manage client portfolios, keeping client plans up-to-date.
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.
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.
Contact clients periodically to determine any changes in their financial status.
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.
Investigate available investment opportunities to determine compatibility with client financial plans.
Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
Monitor financial market trends to ensure that client plans are responsive.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Recruit and maintain client bases.
Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
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.
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.

Related Technology & Tools

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

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