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Finance assistance advisor vs individual pension consultant

The differences between finance assistance advisors and individual pension 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 finance assistance advisor and an individual pension consultant. Additionally, a finance assistance advisor has an average salary of $79,349, which is higher than the $43,775 average annual salary of an individual pension consultant.

The top three skills for a finance assistance advisor include customer service, financial assistance and financial data. The most important skills for an individual pension consultant are financial issues, insurance products, and life insurance.

Finance assistance advisor vs individual pension consultant overview

Finance Assistance AdvisorIndividual Pension Consultant
Yearly salary$79,349$43,775
Hourly rate$38.15$21.05
Growth rate15%15%
Number of jobs99,3418,112
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 77%
Average age4545
Years of experience44

Finance assistance advisor vs individual pension consultant salary

Finance assistance advisors and individual pension consultants have different pay scales, as shown below.

Finance Assistance AdvisorIndividual Pension Consultant
Average salary$79,349$43,775
Salary rangeBetween $42,000 And $147,000Between $26,000 And $73,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between finance assistance advisor and individual pension consultant education

There are a few differences between a finance assistance advisor and an individual pension consultant in terms of educational background:

Finance Assistance AdvisorIndividual Pension Consultant
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 77%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Minnesota - Twin Cities

Finance assistance advisor vs individual pension consultant demographics

Here are the differences between finance assistance advisors' and individual pension consultants' demographics:

Finance Assistance AdvisorIndividual Pension Consultant
Average age4545
Gender ratioMale, 35.5% Female, 64.5%Male, 59.8% Female, 40.2%
Race ratioBlack or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.3% White, 72.2% American Indian and Alaska Native, 0.1%Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.3% White, 72.2% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between finance assistance advisor and individual pension consultant duties and responsibilities

Finance assistance 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.
  • Conduct initial and ongoing meetings with prospects and clients profiling and developing comprehensive wealth management strategies.
  • Analyze and test derivative modeling and dynamic hedging methods.

Individual pension consultant example responsibilities.

  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Provide financial products and services to assist the investors with their financial needs like loans, after tax annuities and IRAs.
  • Review and implement terms of QDRO for retirement annuities in marital dissolution proceedings.
  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Remain current on IRA regulations and policies.
  • Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

Finance assistance advisor vs individual pension consultant skills

Common finance assistance advisor skills
  • Customer Service, 28%
  • Financial Assistance, 13%
  • Financial Data, 13%
  • Financial Aid Eligibility, 11%
  • Financial Aid, 10%
  • Client Service, 3%
Common individual pension consultant skills
  • Financial Issues, 38%
  • Insurance Products, 14%
  • Life Insurance, 9%
  • Annuities, 7%
  • Asset Retention, 5%
  • Retirement Accounts, 5%

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