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Personal investment adviser vs individual pension consultant

The differences between personal investment advisers and individual pension consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a personal investment adviser and an individual pension consultant. Additionally, a personal investment adviser has an average salary of $119,629, which is higher than the $43,775 average annual salary of an individual pension consultant.

The top three skills for a personal investment adviser include customer service, loan applications and inbound calls. The most important skills for an individual pension consultant are financial issues, insurance products, and life insurance.

Personal investment adviser vs individual pension consultant overview

Personal Investment AdviserIndividual Pension Consultant
Yearly salary$119,629$43,775
Hourly rate$57.51$21.05
Growth rate15%15%
Number of jobs29,1478,112
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 77%
Average age4545
Years of experience44

Personal investment adviser vs individual pension consultant salary

Personal investment advisers and individual pension consultants have different pay scales, as shown below.

Personal Investment AdviserIndividual Pension Consultant
Average salary$119,629$43,775
Salary rangeBetween $74,000 And $192,000Between $26,000 And $73,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between personal investment adviser and individual pension consultant education

There are a few differences between a personal investment adviser and an individual pension consultant in terms of educational background:

Personal Investment AdviserIndividual Pension Consultant
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 77%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Minnesota - Twin Cities

Personal investment adviser vs individual pension consultant demographics

Here are the differences between personal investment advisers' and individual pension consultants' demographics:

Personal Investment AdviserIndividual Pension Consultant
Average age4545
Gender ratioMale, 48.5% Female, 51.5%Male, 59.8% Female, 40.2%
Race ratioBlack or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 9.5% Asian, 8.3% White, 72.1% 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 personal investment adviser and individual pension consultant duties and responsibilities

Personal investment adviser example responsibilities.

  • Create and manage investment securities portfolios optimize to address each client's specific needs using establish asset allocation principles.
  • Create and manage investment securities portfolios optimize to address each client's specific needs using establish asset allocation principles.
  • Assist in planning and implementation of logistics automation initiatives relate to vehicle fleet management and repair parts management.

Individual pension consultant example responsibilities.

  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Provide financial products and services to assist the investors with their financial needs like loans, after tax annuities and IRAs.
  • Review and implement terms of QDRO for retirement annuities in marital dissolution proceedings.
  • Manage files from origination to closing, and accurately organize and review all documents for processing.
  • Remain current on IRA regulations and policies.
  • Develop fee-based blotter reporting program to address AUM reporting and compliance suitability.

Personal investment adviser vs individual pension consultant skills

Common personal investment adviser skills
  • Customer Service, 33%
  • Loan Applications, 29%
  • Inbound Calls, 7%
  • Product Knowledge, 4%
  • Outbound Calls, 4%
  • Guest Service, 3%
Common individual pension consultant skills
  • Financial Issues, 38%
  • Insurance Products, 14%
  • Life Insurance, 9%
  • Annuities, 7%
  • Asset Retention, 5%
  • Retirement Accounts, 5%

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