Personal Financial Advisor

The personal financial advisor was rated as the sixth fastest growing occupation in the United States by the U.S. Bureau of Labor Statistics and embodies the financial needs of the populace in the rollercoaster economy.

Up to 2016, the personal financial advisor will receive a 41% growth in numbers in their industry. A personal financial advisor averages anywhere from $36,000 to $80,000 a year, depending on years of experience.

What does a personal financial advisor do? Job duties include advising clients on financial plans with their knowledge of taxes and funds, aiding in insurance, pension plans, and real estate, assessing client assets and liabilities, analyzing a client's cash flow, and ultimately contribute to successful investment strategies. The skills inherently learned with this job would act as a solid basis for building a financially reliable career for the student, as well.

Different job titles for a personal financial advisor include, but are not limited to: financial advisor; portfolio manager; financial planner; account executive; registered representative; investment advisor; financial consultant; financial counselor; analyst; certified financial planner (CFP).

Personal financial advisors are not to be confused with accountants. While an accountant typically belongs to a corporation or company and continually handles the budget, a financial advisor is meant to step in, often on a contract basis, and assess the investments of the company and make recommendations to optimize it. Personal financial advisors also work one-on-one with individuals for the same investment purposes.

A personal financial advisor requires a minimum of a bachelor's degree. DegreeGo has several schools available that offer finance degrees to start this exciting career.