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The differences between client service associates and finance advisors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a client service associate, becoming a finance advisor takes usually requires 2-4 years. Additionally, a finance advisor has an average salary of $64,993, which is higher than the $46,874 average annual salary of a client service associate.
The top three skills for a client service associate include client service, customer service and client relationships. The most important skills for a finance advisor are team support, wealth management, and securities.
| Client Service Associate | Finance Advisor | |
| Yearly salary | $46,874 | $64,993 |
| Hourly rate | $22.54 | $31.25 |
| Growth rate | -4% | 15% |
| Number of jobs | 192,048 | 106,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Average age | 40 | 45 |
| Years of experience | 12 | 4 |
Client service associates are professionals who offer their services to their clients, including financial advisors. They perform various tasks, including communicating with clients through written correspondence, telephone or electronic means, update and maintain client accounts, documents, and transactions, and resolving customer complaints. They may perform some administrative tasks such as organizing meetings, booking conference rooms, and preparing reports. They are also expected to notify clients about the latest products or services and ensure compliance with regulatory rules.
A Financial Advisor specializes in sharing their expertise with an individual or company on how to handle and boost finances. The responsibilities of a Financial Advisor include creating and proposing a strategy to attain financial gains through profits and investments, educating the client about new methods and opportunities, monitor and evaluate progress, and as well as plan policies according to the clients' life changes. Furthermore, it is also the duty of the Financial Advisor to research new investments that would be of great help to the client's assets.
Client service associates and finance advisors have different pay scales, as shown below.
| Client Service Associate | Finance Advisor | |
| Average salary | $46,874 | $64,993 |
| Salary range | Between $29,000 And $74,000 | Between $34,000 And $121,000 |
| Highest paying City | Greenwich, CT | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Cambridge Associates | Enbridge |
| Best paying industry | Finance | Finance |
There are a few differences between a client service associate and a finance advisor in terms of educational background:
| Client Service Associate | Finance Advisor | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | - | University of Minnesota - Twin Cities |
Here are the differences between client service associates' and finance advisors' demographics:
| Client Service Associate | Finance Advisor | |
| Average age | 40 | 45 |
| Gender ratio | Male, 33.4% Female, 66.6% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 12.7% Unknown, 5.7% Hispanic or Latino, 19.9% Asian, 7.1% White, 53.9% American Indian and Alaska Native, 0.7% | 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 Percentage | 7% | 5% |