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Investment consultant vs certified finance planner

The differences between investment consultants and certified 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 investment consultant and a certified finance planner. Additionally, an investment consultant has an average salary of $109,300, which is higher than the $75,400 average annual salary of a certified finance planner.

The top three skills for an investment consultant include financial services, FINRA and financial products. The most important skills for a certified finance planner are estate planning, securities, and investment management.

Investment consultant vs certified finance planner overview

Investment ConsultantCertified Finance Planner
Yearly salary$109,300$75,400
Hourly rate$52.55$36.25
Growth rate15%15%
Number of jobs48,111117,578
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 73%
Average age4545
Years of experience44

Investment consultant vs certified finance planner salary

Investment consultants and certified finance planners have different pay scales, as shown below.

Investment ConsultantCertified Finance Planner
Average salary$109,300$75,400
Salary rangeBetween $60,000 And $196,000Between $41,000 And $138,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyBailey & Glasser-
Best paying industryFinance-

Differences between investment consultant and certified finance planner education

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

Investment ConsultantCertified Finance Planner
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Pennsylvania

Investment consultant vs certified finance planner demographics

Here are the differences between investment consultants' and certified finance planners' demographics:

Investment ConsultantCertified Finance Planner
Average age4545
Gender ratioMale, 79.7% Female, 20.3%Male, 62.6% Female, 37.4%
Race ratioBlack or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.4% White, 71.9% American Indian and Alaska Native, 0.1%Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 7.1% White, 72.3% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between investment consultant and certified finance planner duties and responsibilities

Investment consultant example responsibilities.

  • Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
  • Research securities to determine value by analyzing financial statements, corporate filings and earnings reports
  • Preform timely and accurate securities operational support functions, trade processing, settlement reporting.
  • Adjust sector exposure to express personal macro views, selecting single stocks within sector base on fundamental analysis and technical indicators.
  • Advance knowledge of annuities and interest rates.
  • Team leader for license bank employees in the selling of tax-defer annuities.
  • Show more

Certified finance planner 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.
  • Assist individuals whom invest monies in variable annuities.
  • Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
  • Analyze and test derivative modeling and dynamic hedging methods.

Investment consultant vs certified finance planner skills

Common investment consultant skills
  • Financial Services, 12%
  • FINRA, 8%
  • Financial Products, 7%
  • Client Relationships, 5%
  • Investment Products, 4%
  • Client Satisfaction, 4%
Common certified finance planner skills
  • Estate Planning, 16%
  • Securities, 7%
  • Investment Management, 7%
  • Life Insurance, 6%
  • Tax Planning, 5%
  • Retirement Planning, 5%

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