Investment counselor vs estate planner

The differences between investment counselors and estate 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 counselor and an estate planner. Additionally, an investment counselor has an average salary of $120,817, which is higher than the $96,182 average annual salary of an estate planner.

The top three skills for an investment counselor include client service, capital markets and client relationships. The most important skills for an estate planner are financial products, financial analysis, and term care.

Investment counselor vs estate planner overview

	Investment Counselor	Estate Planner
Yearly salary	$120,817	$96,182
Hourly rate	$58.09	$46.24
Growth rate	15%	15%
Number of jobs	33,016	25,710
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 64%
Average age	45	45
Years of experience	4	4

Investment counselor vs estate planner salary

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

	Investment Counselor	Estate Planner
Average salary	$120,817	$96,182
Salary range	Between $68,000 And $213,000	Between $58,000 And $157,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	Citi	-
Best paying industry	Finance	-

Differences between investment counselor and estate planner education

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

	Investment Counselor	Estate Planner
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	University of Minnesota - Twin Cities	University of Pennsylvania

Investment counselor vs estate planner demographics

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

	Investment Counselor	Estate Planner
Average age	45	45
Gender ratio	Male, 74.0% Female, 26.0%	Male, 62.8% Female, 37.2%
Race ratio	Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.4% Asian, 8.1% White, 72.5% American Indian and Alaska Native, 0.1%	Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 5.5% White, 73.9% American Indian and Alaska Native, 0.1%
LGBT Percentage	5%	5%

Differences between investment counselor and estate planner duties and responsibilities

Investment counselor example responsibilities.

Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
Adjust sector exposure to express personal macro views, selecting single stocks within sector base on fundamental analysis and technical indicators.
Monitor preparation of asset/liability management report.

Estate planner example responsibilities.

Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

Investment counselor vs estate planner skills

Common investment counselor skills

Client Service, 13%
Capital Markets, 11%
Client Relationships, 10%
Securities, 10%
Wealth Management, 8%
Brokerage, 7%

Common estate planner skills

Financial Products, 27%
Financial Analysis, 19%
Term Care, 12%
Life Insurance, 12%
Annuities, 7%
Probate, 6%