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The differences between investment advisors and representatives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an investment advisor, becoming a representative takes usually requires 6-12 months. Additionally, an investment advisor has an average salary of $105,377, which is higher than the $36,023 average annual salary of a representative.
The top three skills for an investment advisor include exceptional client, risk management and client relationships. The most important skills for a representative are cleanliness, patients, and customer issues.
| Investment Advisor | Representative | |
| Yearly salary | $105,377 | $36,023 |
| Hourly rate | $50.66 | $17.32 |
| Growth rate | 15% | -4% |
| Number of jobs | 63,438 | 252,761 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 53% |
| Average age | 45 | 40 |
| Years of experience | 4 | 12 |
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.
Representatives are lawmakers who represent the people in a specific district. They run for office to represent their districts in their hometown or their current place of living. Representatives are usually charismatic and good communicators. These characteristics are especially important during campaign and election periods. Representatives should be able to capture the hearts of the voters through their planned projects and advocacies. They are then elected by their constituents. Upon election, representatives author bills that will eventually be passed into law should it be approved by the majority of the congress. They also vote on the passage of bills authored by other representatives. They also participate in discussions and debates regarding different bills, issues, and laws. Representatives are expected to vote according to their conscience and in consideration of the voice of their constituents.
Investment advisors and representatives have different pay scales, as shown below.
| Investment Advisor | Representative | |
| Average salary | $105,377 | $36,023 |
| Salary range | Between $60,000 And $184,000 | Between $23,000 And $55,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | McKinsey & Company Inc | |
| Best paying industry | Telecommunication | Transportation |
There are a few differences between an investment advisor and a representative in terms of educational background:
| Investment Advisor | Representative | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | - |
Here are the differences between investment advisors' and representatives' demographics:
| Investment Advisor | Representative | |
| Average age | 45 | 40 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 41.8% Female, 58.2% |
| 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, 11.0% Unknown, 5.4% Hispanic or Latino, 20.9% Asian, 7.5% White, 54.4% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 5% | 7% |