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Certified finance planner vs investment advisor

The differences between certified finance planners and investment 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 an investment advisor. Additionally, an investment advisor has an average salary of $105,377, 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 an investment advisor are exceptional client, risk management, and client relationships.

Certified finance planner vs investment advisor overview

Certified Finance PlannerInvestment Advisor
Yearly salary$75,400$105,377
Hourly rate$36.25$50.66
Growth rate15%15%
Number of jobs117,57863,438
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 76%
Average age4545
Years of experience44

Certified finance planner vs investment advisor salary

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

Certified Finance PlannerInvestment Advisor
Average salary$75,400$105,377
Salary rangeBetween $41,000 And $138,000Between $60,000 And $184,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-McKinsey & Company Inc
Best paying industry-Telecommunication

Differences between certified finance planner and investment advisor education

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

Certified Finance PlannerInvestment Advisor
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 76%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Minnesota - Twin Cities

Certified finance planner vs investment advisor demographics

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

Certified Finance PlannerInvestment Advisor
Average age4545
Gender ratioMale, 62.6% Female, 37.4%Male, 72.3% Female, 27.7%
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, 9.4% Asian, 8.2% White, 72.3% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between certified finance planner and investment 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.

Investment advisor 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.
  • Obtain skills with different financial programs and tools such as Morningstar and NetX360.
  • Advise and recommend insurance products including, fix and variable annuities, and term life.
  • Focus on macroeconomic fundamentals, high yield, distress debt, volatility and macro base cross-asset statistical strategies.
  • Communicate information to clients on various products offer such as equity funds, bond funds, annuities, and money markets.
  • Identify client- specific and regulatory reporting requirements, review purchase and redemption activity, securities settlements, and cash movements.
  • Show more

Certified finance planner vs investment 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 investment advisor skills
  • Exceptional Client, 12%
  • Risk Management, 10%
  • Client Relationships, 9%
  • Health Insurance, 8%
  • Business Development, 7%
  • FINRA, 5%

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