Estate planner vs investment advisor

The differences between estate 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 an estate planner and an investment advisor. Additionally, an investment advisor has an average salary of $105,377, which is higher than the $96,182 average annual salary of an estate planner.

The top three skills for an estate planner include financial products, financial analysis and term care. The most important skills for an investment advisor are exceptional client, risk management, and client relationships.

Estate planner vs investment advisor overview

	Estate Planner	Investment Advisor
Yearly salary	$96,182	$105,377
Hourly rate	$46.24	$50.66
Growth rate	15%	15%
Number of jobs	25,710	63,438
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 76%
Average age	45	45
Years of experience	4	4

Estate planner vs investment advisor salary

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

	Estate Planner	Investment Advisor
Average salary	$96,182	$105,377
Salary range	Between $58,000 And $157,000	Between $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 estate planner and investment advisor education

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

	Estate Planner	Investment Advisor
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 76%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Minnesota - Twin Cities

Estate planner vs investment advisor demographics

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

	Estate Planner	Investment Advisor
Average age	45	45
Gender ratio	Male, 62.8% Female, 37.2%	Male, 72.3% Female, 27.7%
Race ratio	Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 5.5% White, 73.9% 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 Percentage	5%	5%

Differences between estate planner and investment advisor duties and responsibilities

Estate planner example responsibilities.

Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

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.

Estate planner vs investment advisor skills

Common estate planner skills

Financial Products, 27%
Financial Analysis, 19%
Term Care, 12%
Life Insurance, 12%
Annuities, 7%
Probate, 6%

Common investment advisor skills

Exceptional Client, 12%
Risk Management, 10%
Client Relationships, 9%
Health Insurance, 8%
Business Development, 7%
FINRA, 5%