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The differences between client advisors and investment 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 an investment consultant. Additionally, an investment consultant has an average salary of $109,300, 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 an investment consultant are financial services, FINRA, and financial products.
| Client Advisor | Investment Consultant | |
| Yearly salary | $71,135 | $109,300 |
| Hourly rate | $34.20 | $52.55 |
| Growth rate | 15% | 15% |
| Number of jobs | 86,363 | 48,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 77% |
| Average age | 45 | 45 |
| Years of experience | 4 | 4 |
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.
An investment consultant is an individual who gives investment products, planning, and/or advice to investors. Investment consultants formulate investment strategies to help clients fulfill their necessities and realize their financial objectives. They create internal research documents that outline real estate investment opportunities and private equity. It is also part of their job to review strategies of asset management that recognize estate and income tax needs.
Client advisors and investment consultants have different pay scales, as shown below.
| Client Advisor | Investment Consultant | |
| Average salary | $71,135 | $109,300 |
| Salary range | Between $40,000 And $123,000 | Between $60,000 And $196,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | BP America Inc | Bailey & Glasser |
| Best paying industry | - | Finance |
There are a few differences between a client advisor and an investment consultant in terms of educational background:
| Client Advisor | Investment Consultant | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 77% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Minnesota - Twin Cities |
Here are the differences between client advisors' and investment consultants' demographics:
| Client Advisor | Investment Consultant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 66.8% Female, 33.2% | Male, 79.7% Female, 20.3% |
| 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, 9.5% Asian, 8.4% White, 71.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 5% |