Post job

Individual pension consultant vs finance planner

The differences between individual pension consultants and finance planners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an individual pension consultant and a finance planner. Additionally, a finance planner has an average salary of $71,607, which is higher than the $43,775 average annual salary of an individual pension consultant.

The top three skills for an individual pension consultant include financial issues, insurance products and life insurance. The most important skills for a finance planner are financial aid, financial services, and client facing.

Individual pension consultant vs finance planner overview

Individual Pension ConsultantFinance Planner
Yearly salary$43,775$71,607
Hourly rate$21.05$34.43
Growth rate15%15%
Number of jobs8,11291,557
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 73%
Average age4545
Years of experience44

Individual pension consultant vs finance planner salary

Individual pension consultants and finance planners have different pay scales, as shown below.

Individual Pension ConsultantFinance Planner
Average salary$43,775$71,607
Salary rangeBetween $26,000 And $73,000Between $42,000 And $120,000
Highest paying City-Springfield, MA
Highest paying state-Massachusetts
Best paying company-Northern Trust
Best paying industry-Insurance

Differences between individual pension consultant and finance planner education

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

Individual Pension ConsultantFinance Planner
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Pennsylvania

Individual pension consultant vs finance planner demographics

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

Individual Pension ConsultantFinance Planner
Average age4545
Gender ratioMale, 59.8% Female, 40.2%Male, 62.0% Female, 38.0%
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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.4% White, 71.8% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between individual pension consultant and finance planner duties and responsibilities

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 planner example responsibilities.

  • Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Represent a large brokerage firm for products and services through direct sales.
  • Educate clients in tax implications for products that include mutual funds, securities, and retirement plans.
  • Redesign the existing report from a value-base manual effort to a Hyperion driven report, vastly improving both efficiency and accuracy.
  • Gain additional responsibility as a season FSR.
  • Show more

Individual pension consultant vs finance planner skills

Common individual pension consultant skills
  • Financial Issues, 38%
  • Insurance Products, 14%
  • Life Insurance, 9%
  • Annuities, 7%
  • Asset Retention, 5%
  • Retirement Accounts, 5%
Common finance planner skills
  • Financial Aid, 21%
  • Financial Services, 9%
  • Client Facing, 8%
  • Retirement Planning, 7%
  • Estate Planning, 6%
  • Life Insurance, 6%

Browse business and financial jobs