PERSONAL FINANCIAL ADVISORPRESENTATION BY ALEX NORTH

Aptitudes/Skills

Skills: Analytical Interpersonal Math Spelling Communication/Speaking

Work Setting–Nature of Work Most personal financial advisors work

full time 24% work more than 50 hours per week Meetings with existing or new clients.

Industries Employed Personal Account Managers

2010 Other financial investment activities 26%

Monetary authorities, credit intermediation, and related activities 19%

Securities and commodity contracts intermediation and brokerage 19%

Insurance carriers and related activities 3%

Professional, scientific, and technical services 3%

Other Financial Invest-ment Ac-tivities

Monetary authori-ties, credit in-termedia-tion, & re-lated ac-tivites

Securities & com-modity contracts interme-diation & brokerage

Insurance carriers and re-lated ac-tivities

Profes-sional, scientific, & techni-cal ser-vices

Employers in the State of VA First Command

Financial Services Inc. Woodbridge, VA

Edward Jones Roanoke, VA

Linda DiOrazio Chester, VA

Description:

Salary Physical Demands

Median Annual Wage (as of May 2010) $64,750

Starting Salary Approximately $32,000

Full time work schedule

Includes meetings both during work day and sometimes during personal schedule.

Can be stressful at times

Employment Outlook

Employment of personal financial advisors is projected to grow 32% from 2010 to 2020.

Financial advisors will also face competition due to: Higher wages Few formal education requirements

As aging population (baby boomers) increases

Advice from personal financial advisors increases.

Education & Training

Bachelor’s Degree Degree’s in finance, economics,

accounting, business, mathematics, or law are helpful for the occupation.

Financial planning courses in college are trending in availability.

Licensure & Certification

License Certification

Multiple combinations of licenses Vary based on products

sold

Registration: Small firms = State

Regulators Large firms =

Securities and Exchange Commission

Certified Financial Planner (CFP) Bachelor's degree At least 3 years of

relevant work experience

Pass an exam Agree to adhere to a

code of ethics

Advancement Opportunities

Master’s Degree in Finance or Business Administration Will improve chance

for management position

Attract new clients

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