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Financial investment adviser

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Summary of occupation

Financial investment advisers provide advice to clients on the purchase and sale of stocks, bonds, mutual funds, and market-related investments. They meet with clients to discuss ways for them to better manage their financial investments. They research and analyse aspects of the economy such as trends in stock markets, the price of individual stocks and bonds, as well as informing their clients about changes to taxes, laws or market environments that may affect their investments.

ANZSCO description: Develops and implements financial plans for individuals or organisations, and advises on investment strategies and their taxation implications, securities, insurance, pension plans and real estate. Registration or licensing may be required.
Alternative names: Financial Planning Adviser, Investment Consultant
Specialisations:
Job prospects: Good
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Knowledge, skills and attributes

A financial investment adviser needs:

  • a head for figures
  • a pleasant and approachable demeanour
  • to be comfortable dealing with complex financial situations
  • organisational and time management skills
  • strong research and analytical skills
  • problem-solving skills.
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Working conditions

Financial investment advisers usually work in an office environment, although they may travel to meet with their clients or visit their homes. They may work independently or as part of a team, and also work with other professionals such as lawyers, stockbrokers and accountants to develop financial packages for their clients. Financial investment advisers need to build a good rapport with their clients so that they will trust them with their finances. They usually work regular hours, but may be required to meet their clients outside of regular working hours. They may be required to work longer hours at times.

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Salary details

On average, financial investment advisers and managers can expect to earn between $1 500 and $1 999 per week ($78 000 and $103 999 per year), depending on the organisation they work for, and their level of experience. As a financial investment adviser develops their skills, their earning potential will generally increase.

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Tools and technologies

Financial investment advisors use computers and relevant software, such as budget, financial planning and data management software. They also use calculators, telephones and other office equipment such as photocopiers, fax machines and telephones.

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Education and training/entrance requirements

To become a financial investment advisor you usually need to complete a degree in finance, economics, accounting or commerce.

All universities in Western Australia offer relevant courses. Contact the universities you are interested in for more information.

Depending on your specific role, you may be required to have an Australian Financial Services (AFS) licence to work in this field. You may also be required to meet additional regulatory and compliance requirements before you can begin working with clients. Contact the Australian Securities and Investment Commission for more information.

Related courses

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Apprenticeships and traineeships

As an apprentice or trainee, you enter into a formal training contract with an employer. You spend most of your time working and learning practical skills on the job and you spend some time undertaking structured training with a registered training provider of your choice. They will assess your skills and when you are competent in all areas, you will be awarded a nationally recognised qualification.

If you are still at school you can access an apprenticeship through your school. You generally start your school based apprenticeship by attending school three days a week, spending one day at a registered training organisation and one day at work. Talk to your school's VET Co-ordinator to start your training now through VET in Schools. If you get a full-time apprenticeship you can apply to leave school before reaching the school leaving age.

If you are no longer at school you can apply for an apprenticeship or traineeship and get paid while you learn and work.

Related apprenticeships

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Recognition of prior learning

If you think you already have some of the skills or competencies, obtained either through non-formal or informal learning, you may be able to gain credit through recognition of prior learning.

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