financial-planner/references/tasks.md

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.