Financial Advisor - Tung

Financial advisors not only help people plan for their financial future, but they also often need to be adept at understanding the psychology behind people's money habits and behaviors to effectively guide them. Building trust and empathy are crucial aspects of their role.

Creative & Visual Skills
Communication & Interpersonal Skills
Critical Thinking & Judgement
Emotional Intelligence & Personal Traits
Professional & Technical Knowledge
Organizational & Operational Skills
Physical & Situational Readiness

Where does this job happen?

Financial advisors typically work in offices, which can range from large financial planning firms, banks, and investment companies to independent advisory practices.

What do they actually do?

Financial advisors provide guidance and create plans to help individuals and organizations achieve their financial goals. Their duties typically include educating clients, providing investment advice, developing financial plans, assessing client financial situations and many other tasks that help better serve their clients.

What kind of person does this?

Financial advisors tend to be enterprising meaning they are often natural leaders, good at influencing and persuading others, and enjoy managing and selling. They could also be empathetic and good listeners because they need to understand clients' concerns and goals, often discussing difficult or emotional financial issues.

What skills do you need?

Communication Skills are needed because excellent verbal and written communication is essential to explain complex financial concepts clearly and build rapport with clients. They also need analytical skills, problem-solving, and attention to detail because it is essential to their job to help the client they are having.

How much money can you make?

The median annual salary for personal financial advisors in the United States was around $99,580 as of May 2023, according to the U.S. bureau of labor statistics. However, this can vary significantly based on experience, type of service, client base, location, and etc. Entry-level advisors might start in the $45,000 - $60,000 range, while experienced or senior advisors can earn well over $100,000, with the top 10% making $208,000 or more.