What does a Finance Service Advisor do?
A finance service advisor provides clients with recommendations on taxes, college savings accounts, retirement, estate planning, and investments. Finance service advisors collaborate with the executives for profitability and efficiency through project management strategy and accounting procedure restructuring. They provide assistance, referrals, and information on eligibility for services. Also, they maintain client retention through strategic investment plans base on equity and fix income report evaluations.
Finance service advisor responsibilities
Here are examples of responsibilities from real finance service advisor resumes:
- Manage various senior level logistics operations, develop and implement supply chain policies and procedures.
- Update vendor W9 in the system and process levy's and garnishments.
- License to sell personal and commercial property and casualty insurance statewide.
- Provide assistance, information, and referrals regarding eligibility for services and service relate benefits to military veterans and their family.
- Develop client-specific performance reports detailing patterns and trends in specific bonds and equities assisting clients in determining investment alternatives.
Finance service advisor skills and personality traits
We calculated that 11% of Finance Service Advisors are proficient in Cash Handling, Customer Relationships, and Financial Services. They’re also known for soft skills such as Detail oriented, Initiative, and Analytical skills.
We break down the percentage of Finance Service Advisors that have these skills listed on their resume here:
- Cash Handling, 11%
Trained and developed colleagues in areas of cash handling, lending, auditing, accounting, and investment services.
- Customer Relationships, 11%
Maintain existing customer relationships by providing exceptional customer service and creating profitable financial plans for customers.
- Financial Services, 10%
Cultivated and maintained a customer base through advising and selling financial services to potential customers.
- Bank Products, 9%
Expand customer base through successful selling of bank products such as 1st and 2nd mortgages and money market accounts.
- Client Relationships, 8%
Succeeded by demonstrating a unique combination of ambition, self-motivation and commitment to establishing long-term client relationships.
- Financial Aid, 7%
Participate in the development of institutional financial aid policies and procedures that will positively impact efficiency and quality of service provided.
"cash handling," "customer relationships," and "financial services" are among the most common skills that finance service advisors use at work. You can find even more finance service advisor responsibilities below, including:
Detail oriented. To carry out their duties, the most important skill for a finance service advisor to have is detail oriented. Their role and responsibilities require that "investment bankers must pay close attention to the details of initial public offerings and mergers and acquisitions because small changes can have large consequences." Finance service advisors often use detail oriented in their day-to-day job, as shown by this real resume: "constructed multiple detailed illustrations and concepts using excel programming in order to present the clients overall financial objectives and goals. "
Initiative. Many finance service advisor duties rely on initiative. "securities, commodities, and financial services sales agents must create their own client base by making “cold” sales calls to people to whom they have not been referred and to people not expecting the call.," so a finance service advisor will need this skill often in their role. This resume example is just one of many ways finance service advisor responsibilities rely on initiative: "communicate district initiatives to create greater understanding of financial services value proposition and overall company goals. "
Analytical skills. finance service advisors are also known for analytical skills, which are critical to their duties. You can see how this skill relates to finance service advisor responsibilities, because "to judge the profitability of potential deals, securities, commodities, and financial services sales agents must have strong analytical skills." A finance service advisor resume example shows how analytical skills is used in the workplace: "analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives. "
Math skills. For certain finance service advisor responsibilities to be completed, the job requires competence in "math skills." The day-to-day duties of a finance service advisor rely on this skill, as "securities, commodities, and financial services sales agents need to be familiar with mathematical tools, including investment formulas." For example, this snippet was taken directly from a resume about how this skill applies to what finance service advisors do: "answered all customer calls regarding accounts, gather necessary information to resolve customer problems and complaints, maintain customer call statistics. "
Customer-service skills. Another crucial skill for a finance service advisor to carry out their responsibilities is "customer-service skills." A big part of what finance service advisors relies on this skill, since "securities, commodities, and financial services sales agents must be persuasive and make clients feel comfortable with the agent’s recommendations." How this skill relates to finance service advisor duties can be seen in an example from a finance service advisor resume snippet: "assist value customers with financial advice regarding his or her credit card statement. "
The three companies that hire the most finance service advisors are:
- Grandbridge Real Estate Capital15 finance service advisors jobs
- Bank of America8 finance service advisors jobs
- Empower Retirement6 finance service advisors jobs
Choose from 10+ customizable finance service advisor resume templates
Build a professional finance service advisor resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your finance service advisor resume.
Compare different finance service advisors
Finance service advisor vs. Merchant
A merchant is responsible for selling goods and services for an organization to generate revenues by reaching out to existing and potential customers and discuss the products' features. Merchants must have extensive knowledge of the goods offered by the company to be able to respond to customers' inquiries and concerns accurately. They also maintain the adequacy of inventory for store orders, create purchase requests, and analyze sales performance. A merchant coordinates with the sales and marketing team to develop efficient promotional strategies and increase brand awareness on public platforms.
While similarities exist, there are also some differences between finance service advisors and merchant. For instance, finance service advisor responsibilities require skills such as "cash handling," "customer relationships," "financial services," and "client relationships." Whereas a merchant is skilled in "product development," "gross margin," "market trends," and "customer service." This is part of what separates the two careers.
Merchants tend to make the most money working in the finance industry, where they earn an average salary of $75,078. In contrast, finance service advisors make the biggest average salary, $69,449, in the finance industry.merchants tend to reach similar levels of education than finance service advisors. In fact, merchants are 3.0% less likely to graduate with a Master's Degree and 0.0% more likely to have a Doctoral Degree.Finance service advisor vs. Trader
A trader is responsible for buying and selling financial instruments for a firm or an individual, monitoring stock movements, and analyzing price fluctuations. Traders focus on short-term and long-term trades, depending on their customers' demands and best interests. In some cases, traders also act as financial advisors to their clients, providing financial management support, and handling their account investments. A trader must have excellent knowledge of the financial industry and must be highly-analytical, dealing with consistent changes in the stock market and maintain smart decisions to achieve their clients' financial goals.
Each career also uses different skills, according to real finance service advisor resumes. While finance service advisor responsibilities can utilize skills like "cash handling," "customer relationships," "financial services," and "bank products," traders use skills like "portfolio," "financial markets," "fixed income," and "bloomberg."
Traders earn a higher average salary than finance service advisors. But traders earn the highest pay in the finance industry, with an average salary of $108,107. Additionally, finance service advisors earn the highest salaries in the finance with average pay of $69,449 annually.Average education levels between the two professions vary. Traders tend to reach similar levels of education than finance service advisors. In fact, they're 4.7% more likely to graduate with a Master's Degree and 0.0% more likely to earn a Doctoral Degree.Finance service advisor vs. Personal banker
A personal banker is responsible for managing the customers' financial records and assisting them in various banking transactions. Personal bankers' duties also include handling customers' inquiries for financial plans, understanding the banking and financial industry principles, processing applications, verifying account details, and offering bank products based on the customers' needs. A personal banker must have excellent customer service and communication skills, providing the best options for the customers, and helping them achieve their financial goals.
The required skills of the two careers differ considerably. For example, finance service advisors are more likely to have skills like "financial aid," "bank operations," "crm," and "commodities." But a personal banker is more likely to have skills like "cross-sell," "nmls," "good judgment," and "math."
Personal bankers earn the best pay in the finance industry, where they command an average salary of $37,146. Finance service advisors earn the highest pay from the finance industry, with an average salary of $69,449.personal bankers typically earn similar educational levels compared to finance service advisors. Specifically, they're 2.1% less likely to graduate with a Master's Degree, and 0.1% less likely to earn a Doctoral Degree.Finance service advisor vs. Banker
A banker is primarily responsible for assisting clients with their banking needs, particularly when withdrawing, depositing, and paying. Aside from handling transactions, bankers are also mainly responsible for opening and closing accounts, processing requirements, verifying the validity of documentation, recommending services and other financial options to clients, and resolving inquiries and concerns. A banker may answer calls and correspondence, coordinate with other banking personnel, maintain accurate data, and discuss conditions to clients thoroughly. Furthermore, because a banker mainly works with clients, it is essential to attain customer satisfaction.
Types of finance service advisor
Updated January 8, 2025
