Wealth management advisor vs certified finance planner

The differences between wealth management advisors and certified finance planners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a wealth management advisor and a certified finance planner. Additionally, a wealth management advisor has an average salary of $91,605, which is higher than the $75,400 average annual salary of a certified finance planner.

The top three skills for a wealth management advisor include customer service, insurance products and securities. The most important skills for a certified finance planner are estate planning, securities, and investment management.

Wealth management advisor vs certified finance planner overview

	Wealth Management Advisor	Certified Finance Planner
Yearly salary	$91,605	$75,400
Hourly rate	$44.04	$36.25
Growth rate	15%	15%
Number of jobs	127,946	117,578
Job satisfaction	4	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 73%
Average age	45	45
Years of experience	4	4

Wealth management advisor vs certified finance planner salary

Wealth management advisors and certified finance planners have different pay scales, as shown below.

	Wealth Management Advisor	Certified Finance Planner
Average salary	$91,605	$75,400
Salary range	Between $49,000 And $168,000	Between $41,000 And $138,000
Highest paying City	New York, NY	-
Highest paying state	Massachusetts	-
Best paying company	Capital Group	-
Best paying industry	Finance	-

Differences between wealth management advisor and certified finance planner education

There are a few differences between a wealth management advisor and a certified finance planner in terms of educational background:

	Wealth Management Advisor	Certified Finance Planner
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 73%
Most common major	Business	Business
Most common college	University of Minnesota - Twin Cities	University of Pennsylvania

Wealth management advisor vs certified finance planner demographics

Here are the differences between wealth management advisors' and certified finance planners' demographics:

	Wealth Management Advisor	Certified Finance Planner
Average age	45	45
Gender ratio	Male, 69.1% Female, 30.9%	Male, 62.6% Female, 37.4%
Race ratio	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%	Black or African American, 6.1% Unknown, 4.4% Hispanic or Latino, 10.0% Asian, 7.1% White, 72.3% American Indian and Alaska Native, 0.1%
LGBT Percentage	5%	5%

Differences between wealth management advisor and certified finance planner duties and responsibilities

Wealth management advisor example responsibilities.

Handle sales of permanent and term insurance, fix annuities, brokerage accounts, mutual funds, and manage money accounts.
Manage FINRA, NASD compliance, quality control and documentation for all stock, bond and option trades place by team.
Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Contribute MorningStar research reports for mutual fund portfolios.
Maintain and monitor files to ensure proper compliance procedures under FINRA.
Research and compare active vs. passive financial managers who utilize section rotation and ETFs to hedge risk and capture alpha.

Certified finance planner example responsibilities.

Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
Assist individuals whom invest monies in variable annuities.
Manage financial planning, educate clients on fix indexed annuities, and consistently analyze financial markers and ever-changing client needs.
Analyze and test derivative modeling and dynamic hedging methods.

Wealth management advisor vs certified finance planner skills

Common wealth management advisor skills

Customer Service, 11%
Insurance Products, 8%
Securities, 8%
Portfolio Management, 7%
Client Relationships, 7%
FINRA, 6%

Common certified finance planner skills

Estate Planning, 16%
Securities, 7%
Investment Management, 7%
Life Insurance, 6%
Tax Planning, 5%
Retirement Planning, 5%

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Wealth Management Advisor
Wealth Management Advisor vs Certified Finance Planner

Updated January 8, 2025

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