# Tasks & work activities — financial planner

Source: O*NET 30.3, occupation 13-2052.00 (Personal Financial Advisors).

## Task statements

- **[Core]** Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
- **[Core]** Answer clients' questions about the purposes and details of financial plans and strategies.
- **[Core]** 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]** Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
- **[Core]** Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
- **[Core]** 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]** Contact clients periodically to determine any changes in their financial status.
- **[Core]** Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
- **[Core]** Devise debt liquidation plans that include payoff priorities and timelines.
- **[Core]** Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
- **[Core]** 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]** Manage client portfolios, keeping client plans up-to-date.
- **[Core]** Recruit and maintain client bases.
- **[Core]** Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
- **[Core]** Investigate available investment opportunities to determine compatibility with client financial plans.
- **[Core]** Monitor financial market trends to ensure that client plans are responsive.
- **[Core]** Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
- **[Supplemental]** Open accounts for clients, and disburse funds from accounts to creditors as agent for clients.
- **[Supplemental]** Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
- **[Supplemental]** 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]** Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.

## Detailed work activities

- Advise others on financial matters.
- Analyze market conditions or trends.
- Assess financial status of clients.
- Compute debt repayment schedules.
- Confer with others about financial matters.
- Correspond with customers to answer questions or resolve complaints.
- Develop business relationships.
- Disburse funds from clients accounts to creditors.
- Educate clients on financial planning topics.
- Identify strategic business investment opportunities.
- Implement financial decisions.
- Interpret financial information for others.
- Interview clients to gather financial information.
- Prepare financial documents, reports, or budgets.
- Recommend investments to clients.