Will “Pension Consultant” be Replaced By Robots? 🤔

58% Chance of Automation

“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 “Pension Consultant”

Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
Manage client portfolios, keeping client plans up-to-date.
Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
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.
Monitor financial market trends to ensure that client plans are responsive.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
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.
Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
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.
Contact clients periodically to determine any changes in their financial status.
Devise debt liquidation plans that include payoff priorities and timelines.
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.
Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
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.
Recruit and maintain client bases.

Related Technology & Tools

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

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