Investment representative vs transfer agent

The differences between investment representatives and transfer agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an investment representative and a transfer agent. Additionally, an investment representative has an average salary of $65,361, which is higher than the $25,018 average annual salary of a transfer agent.

The top three skills for an investment representative include money management, mutual funds and financial services. The most important skills for a transfer agent are customer service, inbound calls, and outbound calls.

Investment representative vs transfer agent overview

	Investment Representative	Transfer Agent
Yearly salary	$65,361	$25,018
Hourly rate	$31.42	$12.03
Growth rate	10%	10%
Number of jobs	35,914	28,396
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 43%
Average age	43	43
Years of experience	6	6

Investment representative vs transfer agent salary

Investment representatives and transfer agents have different pay scales, as shown below.

	Investment Representative	Transfer Agent
Average salary	$65,361	$25,018
Salary range	Between $37,000 And $112,000	Between $18,000 And $33,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	American Century Investments	-
Best paying industry	Finance	-

Differences between investment representative and transfer agent education

There are a few differences between an investment representative and a transfer agent in terms of educational background:

	Investment Representative	Transfer Agent
Most common degree	Bachelor's Degree, 78%	Bachelor's Degree, 43%
Most common major	Business	Business
Most common college	University of Pennsylvania	Stanford University

Investment representative vs transfer agent demographics

Here are the differences between investment representatives' and transfer agents' demographics:

	Investment Representative	Transfer Agent
Average age	43	43
Gender ratio	Male, 72.1% Female, 27.9%	Male, 42.3% Female, 57.7%
Race ratio	Black or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.4% Asian, 9.9% White, 67.4% American Indian and Alaska Native, 0.2%	Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.7% Asian, 11.6% White, 66.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between investment representative and transfer agent duties and responsibilities

Investment representative example 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.

Transfer agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Adhere to FDCPA regulations, federal, state and local law provisions.
Research inquiries and provide appropriate feedback including company policies, IRS regulations and compliance requirements.
Provide information to clients on Fidelityproducts, services, operational procedures, including 401k, transaction and NAV quotes.
Answer complex financial inquiries including, fund and market performance, taxation (cost basis, IRS forms, etc.
Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.

Investment representative vs transfer agent skills

Common investment representative skills

Money Management, 46%
Mutual Funds, 28%
Financial Services, 2%
FINRA, 2%
Customer Relationships, 2%
Market Trends, 2%

Common transfer agent skills

Customer Service, 27%
Inbound Calls, 13%
Outbound Calls, 12%
TA, 6%
Debt Collection, 6%
Transferring Calls, 3%

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Investment Representative
Investment Representative vs Transfer Agent

Updated January 8, 2025

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