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The differences between investment advisors and client 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 investment advisor and a client advisor. Additionally, an investment advisor has an average salary of $105,377, which is higher than the $71,135 average annual salary of a client advisor.
The top three skills for an investment advisor include exceptional client, risk management and client relationships. The most important skills for a client advisor are customer service, business development, and CRM.
| Investment Advisor | Client Advisor | |
| Yearly salary | $105,377 | $71,135 |
| Hourly rate | $50.66 | $34.20 |
| Growth rate | 15% | 15% |
| Number of jobs | 63,438 | 86,363 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 64% |
| Average age | 45 | 45 |
| Years of experience | 4 | 4 |
An investment advisor is responsible for managing the clients' financial portfolios, advising them of investment options according to their financial goals and objectives, and their ability to handle risks. Investment advisors should have excellent knowledge of the investment policies, providing the clients with the best financial strategies according to their interests. They also determine their expenses, income, and credit scores to identify a comprehensive financial plan. An investment advisor helps the clients with cash management techniques, as well as conducting data analysis on financial market projections.
A client advisor is responsible for managing and maintaining healthy business relationships with clients to achieve long-term business goals and objectives. Client advisors advise the senior management in building strategic techniques and identify business opportunities that would generate more revenue resources and increase the company's profits. They also monitor business and financial transactions and analyze client portfolios to determine their needs and interests, recommending plans and coordinating with the senior management to achieve the highest client satisfaction.
Investment advisors and client advisors have different pay scales, as shown below.
| Investment Advisor | Client Advisor | |
| Average salary | $105,377 | $71,135 |
| Salary range | Between $60,000 And $184,000 | Between $40,000 And $123,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | McKinsey & Company Inc | BP America Inc |
| Best paying industry | Telecommunication | - |
There are a few differences between an investment advisor and a client advisor in terms of educational background:
| Investment Advisor | Client Advisor | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Minnesota - Twin Cities |
Here are the differences between investment advisors' and client advisors' demographics:
| Investment Advisor | Client Advisor | |
| Average age | 45 | 45 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 66.8% Female, 33.2% |
| Race ratio | 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% | Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 7.5% White, 71.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 5% |