Client advisor vs finance consultant

The differences between client advisors and finance consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a client advisor and a finance consultant. Additionally, a finance consultant has an average salary of $77,551, which is higher than the $71,135 average annual salary of a client advisor.

The top three skills for a client advisor include customer service, business development and CRM. The most important skills for a finance consultant are customer service, financial services, and financial statements.

Client advisor vs finance consultant overview

	Client Advisor	Finance Consultant
Yearly salary	$71,135	$77,551
Hourly rate	$34.20	$37.28
Growth rate	15%	15%
Number of jobs	86,363	94,259
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 72%
Average age	45	45
Years of experience	4	4

What does a client advisor do?

A client advisor is responsible for managing and maintaining healthy business relationships with clients to achieve long-term business goals and objectives. Client advisors advise the senior management in building strategic techniques and identify business opportunities that would generate more revenue resources and increase the company's profits. They also monitor business and financial transactions and analyze client portfolios to determine their needs and interests, recommending plans and coordinating with the senior management to achieve the highest client satisfaction.

What does a finance consultant do?

A finance consultant is responsible for providing financial plans and advice for clients, managing their finances and investment decisions, and helping them achieve their long-term financial goals. Finance consultants carefully evaluate clients' financial situations, help them decide on insurance options, and patiently respond to finance-related inquiries and concerns. They should be able to monitor financial market conditions to decide on the right strategies for the clients' best interests. A finance consultant must have excellent analytical skills, as well as broad knowledge of the financial industry and stock market movements.

Client advisor vs finance consultant salary

Client advisors and finance consultants have different pay scales, as shown below.

	Client Advisor	Finance Consultant
Average salary	$71,135	$77,551
Salary range	Between $40,000 And $123,000	Between $54,000 And $110,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	BP America Inc	Apple
Best paying industry	-	Technology

Differences between client advisor and finance consultant education

There are a few differences between a client advisor and a finance consultant in terms of educational background:

	Client Advisor	Finance Consultant
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	University of Minnesota - Twin Cities	University of Pennsylvania

Client advisor vs finance consultant demographics

Here are the differences between client advisors' and finance consultants' demographics:

	Client Advisor	Finance Consultant
Average age	45	45
Gender ratio	Male, 66.8% Female, 33.2%	Male, 68.5% Female, 31.5%
Race ratio	Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 7.5% White, 71.9% American Indian and Alaska Native, 0.1%	Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1%
LGBT Percentage	5%	5%

Differences between client advisor and finance consultant duties and responsibilities

Client advisor example responsibilities.

Manage financial portfolios, loan equities, lease maturities, and intake all lease returns.
Manage multiple complex healthcare treasury service implementations for clients and prospects.
Position require the ability to educate consumers on the BMW product line including its comparison to other high-line vehicles.
Maintain a high level of volume sales as well as CSI ranking.
Maintain higher than dealer average CSI, parts, accessories and FANDI commissions.
Utilize cross-selling and up-selling of products and services to enhance the customer's experience.

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Finance consultant example responsibilities.

Lead new hire training for FINRA test preparation and consultative sales model.
Manage client's portfolio to ensure proper taxation of gains/losses on exercise stock options.
Provide expert advice to clients to achieve their financial planning goals in conjunction with an independent RIA.
Lead and organize a weekly macro meeting with multi-asset strategists to discuss and challenge the team's positioning.
Focuse on separately manage accounts, mutual fund and ETF wrap programs, variable annuities, and alternative strategies.
Manage all employee relate matters, including stock options, benefits , 401K, payroll administration and human resources.

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Client advisor vs finance consultant skills

Common client advisor skills

Customer Service, 18%
Business Development, 8%
CRM, 8%
Wealth Management, 7%
Client Service, 6%
BMW, 4%

Common finance consultant skills

Customer Service, 14%
Financial Services, 10%
Financial Statements, 5%
CPA, 4%
Business Development, 4%
Wealth Management, 3%

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Updated January 8, 2025

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