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Stock broker vs finance planner

The differences between stock brokers and finance planners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a stock broker, becoming a finance planner takes usually requires 2-4 years. Additionally, a finance planner has an average salary of $71,607, which is higher than the $59,096 average annual salary of a stock broker.

The top three skills for a stock broker include financial products, client portfolios and securities. The most important skills for a finance planner are financial aid, financial services, and client facing.

Stock broker vs finance planner overview

Stock BrokerFinance Planner
Yearly salary$59,096$71,607
Hourly rate$28.41$34.43
Growth rate10%15%
Number of jobs29,20291,557
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 73%
Average age4345
Years of experience64

Stock broker vs finance planner salary

Stock brokers and finance planners have different pay scales, as shown below.

Stock BrokerFinance Planner
Average salary$59,096$71,607
Salary rangeBetween $37,000 And $93,000Between $42,000 And $120,000
Highest paying CityNew York, NYSpringfield, MA
Highest paying stateNew YorkMassachusetts
Best paying companyICAPNorthern Trust
Best paying industryFinanceInsurance

Differences between stock broker and finance planner education

There are a few differences between a stock broker and a finance planner in terms of educational background:

Stock BrokerFinance Planner
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Stock broker vs finance planner demographics

Here are the differences between stock brokers' and finance planners' demographics:

Stock BrokerFinance Planner
Average age4345
Gender ratioMale, 85.5% Female, 14.5%Male, 62.0% Female, 38.0%
Race ratioBlack or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.4% American Indian and Alaska Native, 0.2%Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.4% White, 71.8% American Indian and Alaska Native, 0.1%
LGBT Percentage6%5%

Differences between stock broker and finance planner duties and responsibilities

Stock broker example responsibilities.

  • Manage communication with clients regarding margin call requirements base on NYSE and NASD standards.
  • Administer the purchase and sale of small cap equities trade on NASDAQ and NYSE exchanges.
  • Study to pass all require FINRA testing!
  • Develop and monitor all stock trading and reporting and institute guidelines for proper FINRA procedures.
  • Calculate common area maintenance expenses and CPI increases and notify tenants via letter of increases.
  • Generate over $200k in derivative commission revenue through full-service brokerage and execution and roughly $100K in self-direct trading commission.
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Finance planner example responsibilities.

  • Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
  • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
  • Represent a large brokerage firm for products and services through direct sales.
  • Educate clients in tax implications for products that include mutual funds, securities, and retirement plans.
  • Redesign the existing report from a value-base manual effort to a Hyperion driven report, vastly improving both efficiency and accuracy.
  • Gain additional responsibility as a season FSR.
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Stock broker vs finance planner skills

Common stock broker skills
  • Financial Products, 11%
  • Client Portfolios, 10%
  • Securities, 8%
  • Bonds, 7%
  • Stock Market, 4%
  • Cold Calls, 4%
Common finance planner skills
  • Financial Aid, 21%
  • Financial Services, 9%
  • Client Facing, 8%
  • Retirement Planning, 7%
  • Estate Planning, 6%
  • Life Insurance, 6%