Career outlook for financial adviser
UK Salary Ranges
Currently employed in Scotland
What's it like?
You would advise people so they can make the best decisions about how to use their money. You’d help them plan both for the present and the future.
You’d advise your clients on the right financial products for them, confidentially and fairly. These could be investments, savings, pensions, mortgages or insurance.
- Talk to clients about their current finances and future plans
- Research financial products
- Explain details of products to clients
- Prepare clear recommendations
- Negotiate with the providers of financial products
- Keep detailed records
- Deal with client enquiries
- Produce financial reports
- Keep clients regularly updated about their investments
You’d need to keep up to date with new products and changes in the law, and meet performance and sales targets.
There are different types of financial adviser.
If you work as a tied adviser you’d work for a bank, building society or insurance company and only offer your own company’s financial products. As a multi-tied adviser you’d sell products from a number of companies. Both of these types of adviser are also known as ‘restricted’ advisers.
An independent financial adviser (IFA) offers products and gives advice on all financial products on the market.
Some advisers work with businesses and give advice to companies on benefits for their employees.
UK employment status
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Here are some of the skills needed for this job. Sign in to see how your skills match up.
- Building relationships
- Verbal communication
- Working with numbers
- Attention to detail
- Developing a plan
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