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Investment consultant vs estate planning counselor

The differences between investment consultants and estate planning counselors 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 an estate planning counselor. Additionally, an investment consultant has an average salary of $109,300, which is higher than the $75,847 average annual salary of an estate planning counselor.

The top three skills for an investment consultant include financial services, FINRA and financial products. The most important skills for an estate planning counselor are reservations, real estate, and customer issues.

Investment consultant vs estate planning counselor overview

Investment ConsultantEstate Planning Counselor
Yearly salary$109,300$75,847
Hourly rate$52.55$36.46
Growth rate15%15%
Number of jobs48,11149,064
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 41%
Average age4545
Years of experience44

Investment consultant vs estate planning counselor salary

Investment consultants and estate planning counselors have different pay scales, as shown below.

Investment ConsultantEstate Planning Counselor
Average salary$109,300$75,847
Salary rangeBetween $60,000 And $196,000Between $35,000 And $159,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyBailey & Glasser-
Best paying industryFinance-

Differences between investment consultant and estate planning counselor education

There are a few differences between an investment consultant and an estate planning counselor in terms of educational background:

Investment ConsultantEstate Planning Counselor
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 41%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Minnesota - Twin Cities

Investment consultant vs estate planning counselor demographics

Here are the differences between investment consultants' and estate planning counselors' demographics:

Investment ConsultantEstate Planning Counselor
Average age4545
Gender ratioMale, 79.7% Female, 20.3%Male, 46.0% Female, 54.0%
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, 10.1% Asian, 6.8% White, 72.4% American Indian and Alaska Native, 0.1%
LGBT Percentage5%5%

Differences between investment consultant and estate planning counselor 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.
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Estate planning counselor example responsibilities.

  • Manage various types of litigation matters and supervise outside counsel on all aspects of litigation.
  • Prepare monthly reports for FHA and VA, dealing with loans and delinquent accounts
  • Deliver financial expertise to accredit international clients on financial plans, which include taxes, investment strategies, and securities.
  • Utilize solid judgment, product knowledge, problem solving, offering detail insight and alternatives to assist owners in booking vacations.
  • Assist with checking availability and booking reservations for owners and also giving information on any current promotions.
  • Identify owner reservation needs, check availability of owner occupy reservations, and find alternative dates or accommodations if need.
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Investment consultant vs estate planning counselor skills

Common investment consultant skills
  • Financial Services, 12%
  • FINRA, 8%
  • Financial Products, 7%
  • Client Relationships, 5%
  • Investment Products, 4%
  • Client Satisfaction, 4%
Common estate planning counselor skills
  • Reservations, 21%
  • Real Estate, 16%
  • Customer Issues, 10%
  • Booking, 10%
  • Inbound Calls, 10%
  • Estate Planning, 7%

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