Personal Financial Advisor

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AVG. SALARY

$114,900

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

What To Learn

High School

Suggested Steps to Prepare for a Personal Financial Advisor Career (Grades 6-12)

Check out the recommended classes, activities and skills below for each grade level. These recommendations are very general -- discuss your specific course plan with your school counselors and teachers.

AI-assisted and curriculum-reviewed guidance. Talk with your counselor or teacher about your specific plan.
Grades 6-8

Helpful Classes

  • Math
  • Communication
  • Technology
  • Social Studies

Things to Try

  • Track income and expenses for a class activity using a simple budget sheet, Compare prices, taxes, discounts, or savings options and explain the math, Organize sample receipts, invoices, or records and check them for errors, Interview a personal financial advisor or finance worker about accuracy, records, and decisions

Focus Skills

  • Numerical reasoning
  • Communication
  • Accuracy
  • Relationship-building
  • Data analysis

Helpful Classes

  • Algebra I
  • Business
  • English
  • Computer Applications
  • Personal Finance

Recommended Learning Areas

  • personal finance
  • spreadsheets
  • business math
  • recordkeeping
  • communication

Things to Try

  • Build a personal or club budget in a spreadsheet and update it each week, Practice checking totals, percentages, and trends using sample sales or expense data, Sort sample invoices, payments, or account records and note missing information, Shadow a personal financial advisor or office finance worker to see how records are reviewed

Focus Skills

  • Numerical reasoning
  • Communication
  • Accuracy
  • Relationship-building
  • Data analysis

Helpful Classes

  • Geometry
  • Accounting
  • Economics
  • Business Communication
  • Spreadsheet Applications

Recommended Learning Areas

  • accounting basics
  • budgeting
  • financial records
  • data tables
  • business communication

Things to Try

  • Use spreadsheets to compare spending patterns, balances, or profit and loss examples, Create a mock payroll, billing, or bookkeeping worksheet and check for errors, Analyze a company or nonprofit budget summary and explain what the numbers suggest, Practice writing short notes that explain financial results in plain language

Focus Skills

  • Numerical reasoning
  • Communication
  • Accuracy
  • Relationship-building
  • Data analysis

Helpful Classes

  • Statistics
  • Accounting
  • Economics
  • Business Law
  • Data Analysis

Recommended Learning Areas

  • financial analysis
  • auditing
  • taxation
  • economics
  • spreadsheet modeling

Things to Try

  • Complete a finance or accounting project using formulas, charts, and supporting records, Review sample tax, payroll, loan, or audit documents and identify key details, Compare financial trends across months or departments and summarize the findings, Interview a finance professional about reporting, controls, and compliance

Focus Skills

  • Numerical reasoning
  • Communication
  • Accuracy
  • Relationship-building
  • Data analysis

Helpful Classes

  • Calculus or Statistics
  • Finance
  • Economics
  • Accounting
  • Business Writing

Recommended Learning Areas

  • investment concepts
  • risk analysis
  • compliance
  • financial reporting
  • forecasting

Things to Try

  • Build a portfolio with budgeting, forecasting, audit, or financial analysis samples, Compare pathways in accounting, banking, insurance, economics, or financial planning, Use real public financial reports to explain trends, risks, and performance, Create a capstone that turns raw numbers into clear business recommendations

Focus Skills

  • Numerical reasoning
  • Communication
  • Accuracy
  • Relationship-building
  • Data analysis

Beyond High School

Here's a list of programs that you should consider if you're interested in this career:

Education Level

Education training and experience are required at different levels for success in different occupations.

Bachelor's degree

Personal financial advisors typically need a bachelor’s degree to enter the occupation. A master’s degree and certification may improve chances for advancement. Personal financial advisors who directly buy or sell stocks, bonds, or insurance policies, or who provide specific investment advice, may need a combination of licenses that varies with the products they sell. In addition to being required to have those licenses, advisors in small firms that manage clients’ investments must be registered with state regulators, and those in large firms must be registered with the U.S. Securities and Exchange Commission (SEC).

Insider Info

Additional Information

There are currently no educational standards for financial planners. Almost anyone can put up a sign and call him or herself a financial planner.

However, without some form of training, experience or credentials, reputable firms won't likely hire you and clients won't likely use your services. Because of this, there is a path that financial planners typically follow.

There is one professional designation for financial planners in the U.S.: certified financial planner (CFP), offered through the Certified Financial Planner Board of Standards.

The CFP designation is internationally recognized. In order to become a CFP, candidates must complete an education program accredited with the Certified Financial Planner Board of Standards.

Programs range in length and intensity. Typical courses include investments, estate planning, individual income tax, retirement planning, risk management, insurance and finance.

Students may have their transcripts reviewed for approval if they've taken courses that aren't actually listed with the board.

Candidates must then pass the Professional Proficiency Examination (PPE) and gain work experience before applying for CFP certification. Following certification, CFPs must demonstrate ongoing ethical practices. They are also expected to complete 30 hours of continuing education each year.

There are a number of universities, colleges and institutes in 32 states that offer courses of study, which meet the requirements of the Board of Standards.

Some students may choose to pursue the CFP designation in a traditional college setting. Others may pursue their studies in a self-study program.

Extra Requirements

Certifications can enhance a personal financial advisor's reputation and can help bring in new clients. The Certified Financial Planner Board of Standards offers the Certified Financial Planner (CFP). Information on state licensing board requirements for registered investment advisors is available from the North American Securities Administrators Association (NASAA).

For additional information, visit these websites: