National Occupation Code (NOC): 11102

Financial advisors counsel individuals on financial decisions such as investments, cash management, and estate planning. They establish personal financial plans according to clients' objectives and guide them through the implementation of the proposed strategies that may be adjusted as the situation evolve. They are employed by banks, trust companies and investment firms, or they may be self-employed.

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Job Duties for Financial advisors

• Develop personal financial plans for clients covering cash management, finances, insurance coverage, investments, retirement and estate planning, taxes and legal matters
• Analyze clients' financial records, set goals and develop a financial strategy
• Advise clients on implementing the financial plan to help them achieve their goals
• May also arrange for the purchase and sale of financial products and investments depending on the licence held, and monitor the portfolio to ensure its quality and profitability
• May help to expand business and attract new clients.

Employment Requirements for Financial advisors

• A bachelor's degree in business administration, commerce, economics or a related field is usually required.
• The designation Certified Financial Planner, awarded by the Financial Planners Standards Council of Canada, may be required.
• To sell regulated financial products and investments, such as annuities, RRSPs and life insurance, a licence is required from the appropriate governing body.
• Certification as a Financial Planner is required in Quebec.
• Various training programs and courses are offered by financial institutes and organizations, such as the Canadian Securities Institute, Institute of Canadian Bankers, CFA Institute, Investment Funds Institute, Canadian Institute of Financial Planning, and Trust Companies Institute of Canada, and may be required by employers.

Alternate Job Titles

• Account Manager
• Associate Financial Advisor
• Associate Investment Advisor
• Banking Advisor
• Certified Financial Planner
• Financial Advisor
• Financial Consultant
• Financial Planner
• Financial Security Advisor
• Financial Services Advisor
• Financial Services Consultant
• Investment Specialist
• Personal Finance Advisor
• Personal Financial Planner
• Personal Investment Advisor
• Personal Investment Counsellor
• Securities Analyst - Personal Finances
• Securities Counsellor
• Wealth Advisor
• Financial Planner - Personal Finances
• Investment Advisor - Personal Finances
• Personal Financial Consultant
• Financial Advisor - Personal Wealth
• Personal Investment Consultant
• Retirement Planning Specialist
• Personal Finance Counselor
• Investment Consultant - Personal Finance
• Personal Financial Analyst
• Personal Wealth Manager
• Retirement Planning Advisor
• Financial Counselor - Personal Finances
• Personal Financial Advisor
• Wealth Planner - Personal Finances
• Personal Finance Specialist
• Financial Educator - Personal Finances
• Investment Strategist - Personal Finance
• Ca Financial Advisor
• Personal Finance Advisor
• Wealth Coordinator
• Financial Planning
• Business Advisor