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How to hire an investment representative

Investment representative hiring summary. Here are some key points about hiring investment representatives in the United States:

  • The median cost to hire an investment representative is $1,633.
  • It takes between 36 and 42 days to fill the average role in the US.
  • HR departments typically allocate 15% of their budget towards recruitment efforts.
  • Small businesses spend $1,105 per investment representative on training each year, while large companies spend $658.
  • It takes approximately 12 weeks for a new employee to reach full productivity levels.
  • There are a total of 20,614 investment representatives in the US, and there are currently 35,914 job openings in this field.
  • Boston, MA, has the highest demand for investment representatives, with 8 job openings.

How to hire an investment representative, step by step

To hire an investment representative, you should clearly understand the skills and experience you are looking for in a candidate, and allocate a budget for the position. You will also need to post and promote the job opening to reach potential candidates. Here's a step-by-step guide on how to hire an investment representative:

Here's a step-by-step investment representative hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write an investment representative job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new investment representative
  • Step 8: Go through the hiring process checklist

What does an investment representative do?

Investment representatives, also known as financial advisers, usually work in a bank, investment company, credit institution, or other financial firm. They handle the marketing and promotion of financial services and give clients investment advice. They do this is the phone or through face-to-face transactions. This position requires someone to be customer-oriented, communicate effectively, and know how to handle a crisis.

Learn more about the specifics of what an investment representative does
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  1. Identify your hiring needs

    First, determine the employments status of the investment representative you need to hire. Certain investment representative roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    An investment representative's background is also an important factor in determining whether they'll be a good fit for the position. For example, investment representatives from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

    This list shows salaries for various types of investment representatives.

    Type of Investment RepresentativeDescriptionHourly rate
    Investment RepresentativeSecurities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades.$17-53
    Finance Advising InternshipFinance 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... Show more$14-51
    Finance AdvisorA Financial Advisor specializes in sharing their expertise with an individual or company on how to handle and boost finances. The responsibilities of a Financial Advisor include creating and proposing a strategy to attain financial gains through profits and investments, educating the client about new methods and opportunities, monitor and evaluate progress, and as well as plan policies according to the clients' life changes... Show more$16-58
  2. Create an ideal candidate profile

    Common skills:
    • Money Management
    • Mutual Funds
    • Financial Services
    • FINRA
    • Customer Relationships
    • Market Trends
    • Financial Products
    • Retirement Planning
    • Sales Process
    • Fixed Income
    • Economic Indicators
    • Health Insurance
    • Financial Markets
    • Asset Allocation
    Check all skills
    Responsibilities:
    • Act as an investor center product coordinator; provide guidance on product and sales techniques for manage account solutions and annuities.
    • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
    • Re-Obtain previously hold FINRA licenses.
    • Sell fix and variable annuities.
    • License financial adviser & insurance producer register with both FINRA & the state of Massachusetts.
    • Answer inquiries with regards to equities, options, mutual fund, fixed-income and unit investment trusts.
    More investment representative duties
  3. Make a budget

    Including a salary range in the investment representative job description is a good way to get more applicants. An investment representative salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

    For example, the average salary for an investment representative in Wyoming may be lower than in New York, and an entry-level engineer typically earns less than a senior-level investment representative. Additionally, an investment representative with lots of experience in the field may command a higher salary as a result.

    Average investment representative salary

    $65,361yearly

    $31.42 hourly rate

    Entry-level investment representative salary
    $37,000 yearly salary
    Updated December 17, 2025

    Average investment representative salary by state

    RankStateAvg. salaryHourly rate
    1New York$122,732$59
    2Rhode Island$83,111$40
    3Massachusetts$75,905$36
    4Connecticut$75,834$36
    5Pennsylvania$69,459$33
    6Kentucky$68,245$33
    7Indiana$68,054$33
    8District of Columbia$68,036$33
    9New Hampshire$67,967$33
    10Virginia$67,767$33
    11Washington$66,628$32
    12Ohio$66,230$32
    13Maryland$64,814$31
    14North Carolina$64,370$31
    15Texas$63,054$30
    16Michigan$62,631$30
    17Oregon$59,377$29
    18California$59,374$29
    19Missouri$56,888$27
    20Florida$56,698$27

    Average investment representative salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1American Century Investments$109,261$52.535
    2Lehman's$107,720$51.79
    3Barclays$104,169$50.083
    4Morgan Stanley$101,136$48.6227
    5FNB$80,915$38.90
    6Allianz of America, Inc.$77,800$37.40
    7SS&C Technologies$77,530$37.273
    8New York Life Insurance$68,929$33.14207
    9Fidelity Investments$67,747$32.5745
    10Great Western Bank$55,015$26.45
    11Empower Retirement$51,756$24.881
    12Randstad North America, Inc.$48,224$23.182
    13PeoplesBank$47,838$23.0013
  4. Writing an investment representative job description

    An investment representative job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an investment representative job description:

    Investment representative job description example

    · Efficiently manage mid-level caseload of 400 to 600 investors to meet goals.

    · Execute consultative approach to relationship management to understand God’s direction in investors’ hearts.

    · Manage relationships through telephone, e-mail and mail throughout the year.

    · Demonstrate excellence in all approaches to communication toward building trust, respect and value, internally with staff and externally with investors.

    · Conduct oneself in a professional, friendly, and truthful manner to investors.

    · Meet and exceed designated number of contacts and asks with investors.

    · Effectively nurture relationships with numerous churches within the framework of the church-engagement process.

    · Endeavor to reactivate lapsed partner relationships via telephone calls, email or other communication pieces and update Salesforce with call notes and new information about investors.

    · Perform effective follow-up – mailings, thank you notes and prayer requests, tracking all content in Salesforce.

    · Research, identify, and promote hand-off of high capacity donors to the appropriate major gifts officer.

    · Accept investors from the major-gifts level that would benefit from the mid-level program and it’s structured communication..

    · Meet with supervisor on a weekly basis for accountability and to discuss strategy and moves

    · May be required to occasionally work extended workdays, evenings, or weekends


    OTHER DUTIES:

    · Attend and participate in a variety of meetings and task force groups as directed and maintain required level of knowledge pertaining to operating procedures, requirements, processes and policies.

    · Lead and or participate in projects or task force groups which focus on issues having organization wide impact.

    · Provide representation support at conferences and events, as requested.


    SUPERVISORY RESPONSIBILITY:

    This position has no direct supervisory responsibilities.


    WORK ENVIRONMENT:

    This job operates in a professional office environment and routinely uses standard office equipment such as laptop computers and smartphones.


    PHYSICAL DEMANDS:

    The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to talk, hear, sit, stand and walk.


    TRAVEL:

    Travel is primarily locally during the business day, although some out of the area travel and overnight may be expected.


    QUALIFICATIONS:

    · Strong faith in Jesus Christ as Savior; God honoring lifestyle.

    · Passion for the Word of God and provision of the Word for every people group.

    · Championing Seed Company’s vision, mission, and values.

    · Requires a Bachelor’s Degree in Business, Marketing or Public Relations; or equivalent work experience.

    · Requires three years of direct customer interaction experience in Sales and/or Customer Service.

    · Communication at an advanced level, both oral and written.

    · Exhibit strong phone skills, for example: warm tone, good speaking cadence, clear and articulate speech.

    · Demonstrate proficiency in building relationships.

    · Exhibit effective interpersonal skills that demonstrate tact, patience, and courtesy.

    · Manage time and task completion effectively.

    · Be able to work independently with little supervision.

  5. Post your job

    To find the right investment representative for your business, consider trying out a few different recruiting strategies:

    • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
    • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with investment representatives they would recommend.
    • Recruit at local colleges. Attend job fairs at local colleges to recruit investment representatives who meet your education requirements.
    • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.
    Post your job online:
    • Post your investment representative job on Zippia to find and attract quality investment representative candidates.
    • Use niche websites such as salesjobs, salesheads, allretailjobs.com, sales trax.
    • Post a job on free websites.
  6. Interview candidates

    During your first interview to recruit investment representatives, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

    You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.

    The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

  7. Send a job offer and onboard your new investment representative

    Once you have selected a candidate for the investment representative position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

    It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

    To prepare for the new investment representative first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

  8. Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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How much does it cost to hire an investment representative?

Hiring an investment representative comes with both the one-time cost per hire and ongoing costs. The cost of recruiting investment representatives involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of investment representative recruiting as well the ongoing costs of maintaining the new employee.

Investment representatives earn a median yearly salary is $65,361 a year in the US. However, if you're looking to find investment representatives for hire on a contract or per-project basis, hourly rates typically range between $17 and $53.

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