What does an investment counselor do?

Finance advising interns help with the marketing of finance packages offered by firms and banks. They assist in creating plans to increase clientele and work with clientele to succeed in their financial goals. They provide advice to clients, answer their queries, and assist them in fulfilling goals. They may also assist in creating seminars for financial consultants. Under the supervision of a finance director, interns gain experience and learn to apply their knowledge.

These skill sets are where the common ground ends though. The responsibilities of an investment counselor are more likely to require skills like "capital markets," "wealth management," "brokerage," and "investment philosophy." On the other hand, a job as a certified finance planner requires skills like "investment management," "tax planning," "risk management," and "direct guests." As you can see, what employees do in each career varies considerably.

A financial planner is responsible for handling client accounts and providing financial advice to determine the best investment options according to the clients' interests and risk appetite. Financial planners record the clients' living expenses as a part of their portfolio, identifying their long-term goals and objectives, and giving tax advice. They also educate clients with investment options and opportunities to improve the clients' account performance and sell financial products. A financial planner must have excellent analytical and communication skills to conduct data and statistical analysis, especially in researching financial instruments in the market.

While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that investment counselor responsibilities requires skills like "capital markets," "client relationships," "securities," and "brokerage." But a finance advising internship might use other skills in their typical duties, such as, "student athletes," "client data," "powerpoint," and "client relations."

The primary job of finance professionals is to provide financial services using their knowledge of finance, tax laws, and accounting. These professionals typically help with corporate finance, personal finance, or both. Their duties include helping clients develop financial plans that will ensure their financial stability, developing the company's financial strategy, and forecasting corporate profits and losses. Additionally, finance professionals are responsible for negotiating credit lines, preparing financial statements, and working closely with outside auditors. To become successful in this role, you need to have strong customer service and analytical skills.

Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from investment counselor resumes include skills like "client service," "capital markets," "securities," and "wealth management," whereas a finance planner is more likely to list skills in "financial aid," "financial services," "client facing," and "risk management. "

Even though a few skill sets overlap between investment counselors and finance professionals, there are some differences that are important to note. For one, an investment counselor might have more use for skills like "client service," "capital markets," "wealth management," and "brokerage." Meanwhile, some responsibilities of finance professionals require skills like "excellent interpersonal," "strong work ethic," "finra," and "llc. "