Occupation

212131 Financial Adviser

Latest release
OSCA - Occupation Standard Classification for Australia
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Reference period
2024, Version 1.0

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

Skill level: 1

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