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Certified finance planner vs bank advisor

The differences between certified finance planners and bank advisors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a certified finance planner and a bank advisor. Additionally, a bank advisor has an average salary of $90,014, which is higher than the $75,400 average annual salary of a certified finance planner.

The top three skills for a certified finance planner include estate planning, securities and investment management. The most important skills for a bank advisor are financial services, CRM, and client relationships.

Certified finance planner vs bank advisor overview

Certified Finance PlannerBank Advisor
Yearly salary$75,400$90,014
Hourly rate$36.25$43.28
Growth rate15%15%
Number of jobs117,57849,437
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 64%
Average age4545
Years of experience44

Certified finance planner vs bank advisor salary

Certified finance planners and bank advisors have different pay scales, as shown below.

Certified Finance PlannerBank Advisor
Average salary$75,400$90,014
Salary rangeBetween $41,000 And $138,000Between $56,000 And $143,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between certified finance planner and bank advisor education

There are a few differences between a certified finance planner and a bank advisor in terms of educational background:

Certified Finance PlannerBank Advisor
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Certified finance planner vs bank advisor demographics

Here are the differences between certified finance planners' and bank advisors' demographics:

Certified Finance PlannerBank Advisor
Average age4545
Gender ratioMale, 62.6% Female, 37.4%Male, 61.3% Female, 38.7%
Race ratioBlack or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 7.1% White, 72.3% American Indian and Alaska Native, 0.1%Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between certified finance planner and bank advisor duties and responsibilities

Certified finance planner example responsibilities.

  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Assist individuals whom invest monies in variable annuities.
  • Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
  • Analyze and test derivative modeling and dynamic hedging methods.

Bank advisor example responsibilities.

  • Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
  • Carry out excellent profiling, cross-selling of all products, and explaining benefits to each client.
  • Utilize cross-selling techniques to sell the best product for each customer's needs.
  • Support banking and lending activity through leveraging securities to provide lending solutions for high net worth clients.
  • Analyze clients' securities portfolios to ensure diversification and margin ability for credit line/loan approval.
  • Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
  • Show more

Certified finance planner vs bank advisor skills

Common certified finance planner skills
  • Estate Planning, 16%
  • Securities, 7%
  • Investment Management, 7%
  • Life Insurance, 6%
  • Tax Planning, 5%
  • Retirement Planning, 5%
Common bank advisor skills
  • Financial Services, 21%
  • CRM, 14%
  • Client Relationships, 13%
  • Cross-Selling, 6%
  • Financial Solutions, 5%
  • Bank Products, 4%

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