222 Financial Brokers and Dealers, and Investment Advisers

Most occupations in this minor group have a level of skill commensurate with the qualifications and experience outlined below.

In Australia:

• Bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification (ANZSCO Skill Level 1); or
• AQF Associate Degree, Advanced Diploma or Diploma, or at least three years of relevant experience (ANZSCO Skill Level 2)

In New Zealand:

• Bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification (ANZSCO Skill Level 1); or
• NZQF Diploma, or at least three years of relevant experience (ANZSCO Skill Level 2).

In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

• obtaining information on securities, market conditions, government regulations and financial circumstances of clients
• executing buy and sell orders in the market place on behalf of clients, and offering advice on financial matters such as stocks and bonds, market conditions and the history and prospects of corporations
• recording and transmitting buy and sell orders, and calculating and recording costs of transactions
• arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
• developing lists of investments for clients, and reviewing and revising investment plans based on modified needs and changes in markets
• negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
• interviewing prospective clients to determine financial status and objectives, discussing their financial options and developing financial plans and strategies
• managing funds raised from personal superannuation saving policies and unit trusts