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Investment advisor vs finance assistance advisor

The differences between investment advisors and finance assistance 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 finance assistance advisor. Additionally, an investment advisor has an average salary of $105,377, which is higher than the $79,349 average annual salary of a finance assistance advisor.

The top three skills for an investment advisor include exceptional client, risk management and client relationships. The most important skills for a finance assistance advisor are customer service, financial assistance, and financial data.

Investment advisor vs finance assistance advisor overview

Investment AdvisorFinance Assistance Advisor
Yearly salary$105,377$79,349
Hourly rate$50.66$38.15
Growth rate15%15%
Number of jobs63,43899,341
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 69%
Average age4545
Years of experience44

Investment advisor vs finance assistance advisor salary

Investment advisors and finance assistance advisors have different pay scales, as shown below.

Investment AdvisorFinance Assistance Advisor
Average salary$105,377$79,349
Salary rangeBetween $60,000 And $184,000Between $42,000 And $147,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyMcKinsey & Company Inc-
Best paying industryTelecommunication-

Differences between investment advisor and finance assistance advisor education

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

Investment AdvisorFinance Assistance Advisor
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Pennsylvania

Investment advisor vs finance assistance advisor demographics

Here are the differences between investment advisors' and finance assistance advisors' demographics:

Investment AdvisorFinance Assistance Advisor
Average age4545
Gender ratioMale, 72.3% Female, 27.7%Male, 35.5% Female, 64.5%
Race ratioBlack 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, 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 investment advisor and finance assistance advisor duties and responsibilities

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.
  • Show more

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.

Investment advisor vs finance assistance advisor skills

Common investment advisor skills
  • Exceptional Client, 12%
  • Risk Management, 10%
  • Client Relationships, 9%
  • Health Insurance, 8%
  • Business Development, 7%
  • FINRA, 5%
Common finance assistance advisor skills
  • Customer Service, 28%
  • Financial Assistance, 13%
  • Financial Data, 13%
  • Financial Aid Eligibility, 11%
  • Financial Aid, 10%
  • Client Service, 3%

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