Occupation

212131 Financial Adviser

Latest release
Consultation draft: Australian and New Zealand Standard Classification of Occupations (ANZSCO)
Cite
Reference period
July 2024
Released
25/07/2024
Next release Unknown
First release

212131 Financial Adviser

Develops, prepares, and implements financial plans and investment strategies for individuals or organisations, and advises on investment strategies, cash management, insurance, retirement and estate planning, real estate, and wealth management.

Registration or licensing is required.

Alternative title

  • Financial Planner

ANZSCO skill level

This occupation has a skill level corresponding to the qualifications and experience below.

Australia

  • Skill Level 1: Bachelor Degree, higher qualification, or at least five years of relevant experience

New Zealand

  • Skill Level 2: NZQF Diploma, or at least three years of relevant experience

Main tasks

  • Interviews prospective clients to determine financial status and objectives, discuss financial options, and develop financial plans and investment strategies
  • Sets financial objectives, and develops and implements strategies for achieving the financial objectives
  • Monitors investment performance, and reviews and revises financial plans and investment strategies based on modified needs and changes in markets
  • Arranges to buy and sell financial products for clients
  • May refer clients to other organisations to obtain services outlined in financial plans, such as welfare entitlements, superannuation, and aged care arrangements