13-2052.00 · Task explorer
Personal Financial Advisors: reported tasks and exploration worksheet
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.
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Read the task inventory
This source lists 21 tasks, including 17 marked Core and 4 marked Supplemental. Labels and dates are retained below. Employers can combine or divide these responsibilities differently; explore the task itself before assuming it belongs in every version of the role.
Task source dates: 08/2024.
21 tasks shown
Core · Task 12907 · 08/2024 · Occupational Expert
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.
Core · Task 12904 · 08/2024 · Occupational Expert
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Core · Task 12905 · 08/2024 · Occupational Expert
Answer clients' questions about the purposes and details of financial plans and strategies.
Core · Task 20183 · 08/2024 · Occupational Expert
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Core · Task 20184 · 08/2024 · Occupational Expert
Manage client portfolios, keeping client plans up-to-date.
Core · Task 20182 · 08/2024 · Occupational Expert
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
Core · Task 20189 · 08/2024 · Occupational Expert
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
Core · Task 12909 · 08/2024 · Occupational Expert
Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
Core · Task 12915 · 08/2024 · Occupational Expert
Contact clients periodically to determine any changes in their financial status.
Core · Task 12913 · 08/2024 · Occupational Expert
Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
Core · Task 20186 · 08/2024 · Occupational Expert
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
Core · Task 20187 · 08/2024 · Occupational Expert
Investigate available investment opportunities to determine compatibility with client financial plans.
Core · Task 12914 · 08/2024 · Occupational Expert
Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
Core · Task 20188 · 08/2024 · Occupational Expert
Monitor financial market trends to ensure that client plans are responsive.
Core · Task 20185 · 08/2024 · Occupational Expert
Recruit and maintain client bases.
Core · Task 12916 · 08/2024 · Occupational Expert
Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
Core · Task 12917 · 08/2024 · Occupational Expert
Devise debt liquidation plans that include payoff priorities and timelines.
Supplemental · Task 12918 · 08/2024 · Occupational Expert
Open accounts for clients, and disburse funds from accounts to creditors as agent for clients.
Supplemental · Task 19570 · 08/2024 · Occupational Expert
Inform clients about tax benefits, government rebates, or other financial benefits of alternative-fuel vehicle purchases or energy-efficient home construction, improvements, or remodeling.
Supplemental · Task 19571 · 08/2024 · Occupational Expert
Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
Supplemental · Task 12919 · 08/2024 · Occupational Expert
Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
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Source and practice material
Occupational context uses the O*NET® 31.0 Database from the U.S. Department of Labor, Employment and Training Administration, under CC BY 4.0. View the occupation.
Skill Workbench selected and adapted the occupational information and added its own fictional cases, calculations, guidance and worksheets. USDOL/ETA has not approved, endorsed or tested these additions. O*NET® is a trademark of USDOL/ETA.