Personal Financial Advisors

Personal Financial Advisors typically perform the following tasks: • 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. • Answer clients' questions about the purposes and details of financial plans and strategies. • Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment. • 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. • Recommend financial products, such as stocks, bonds, mutual funds, or insurance. • Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation. • Contact clients periodically to determine any changes in their financial status. • 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. • Investigate available investment opportunities to determine compatibility with client financial plans. • Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills. • Monitor financial market trends to ensure that client plans are responsive. • Recruit and maintain client bases. • Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances. • Devise debt liquidation plans that include payoff priorities and timelines. • Open accounts for clients, and disburse funds from accounts to creditors as agent for clients. • Inform clients about tax benefits, government rebates, or other financial benefits of alternative-fuel vehicle purchases or energy-efficient home construction, improvements, or remodeling. • Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.