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Investment consultant vs finance assistance advisor

The differences between investment consultants 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 consultant and a finance assistance advisor. Additionally, an investment consultant has an average salary of $109,300, which is higher than the $79,349 average annual salary of a finance assistance advisor.

The top three skills for an investment consultant include financial services, FINRA and financial products. The most important skills for a finance assistance advisor are customer service, financial assistance, and financial data.

Investment consultant vs finance assistance advisor overview

Investment ConsultantFinance Assistance Advisor
Yearly salary$109,300$79,349
Hourly rate$52.55$38.15
Growth rate15%15%
Number of jobs48,11199,341
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 69%
Average age4545
Years of experience44

Investment consultant vs finance assistance advisor salary

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

Investment ConsultantFinance Assistance Advisor
Average salary$109,300$79,349
Salary rangeBetween $60,000 And $196,000Between $42,000 And $147,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyBailey & Glasser-
Best paying industryFinance-

Differences between investment consultant and finance assistance advisor education

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

Investment ConsultantFinance Assistance Advisor
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Pennsylvania

Investment consultant vs finance assistance advisor demographics

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

Investment ConsultantFinance Assistance Advisor
Average age4545
Gender ratioMale, 79.7% Female, 20.3%Male, 35.5% Female, 64.5%
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, 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 consultant and finance assistance advisor 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

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 consultant vs finance assistance advisor skills

Common investment consultant skills
  • Financial Services, 12%
  • FINRA, 8%
  • Financial Products, 7%
  • Client Relationships, 5%
  • Investment Products, 4%
  • Client Satisfaction, 4%
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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