Financial Investment Advisers and Managers develop financial plans for individuals and organisations, and invest and manage funds on their behalf.

A Bachelor Degree or higher is usually needed and half of workers have a university degree. Sometimes experience or on-the-job training is needed in addition to a qualification. Registration or licensing may be required.

Tasks

  • interviewing prospective clients to determine financial status and objectives, discussing financial options and developing financial plans and investment strategies
  • monitoring investment performance, and reviewing and revising investment plans based on modified needs and changes in markets
  • recommending and arranging insurance cover for clients
  • arranging to buy and sell stocks and bonds for clients
  • advising on investment strategies, sources of funds and the distribution of earnings
  • setting financial objectives, and developing and implementing strategies for achieving the financial objectives
  • managing funds raised from personal superannuation savings policies and unit trusts
  • assisting in meeting superannuation compliance requirements
  • directing the collection of financial, accounting and investment information and the preparation of budgets, reports, forecasts and statutory returns
  • may refer clients to other organisations to obtain services outlined in financial plans

Job Titles

  • Financial Investment Advisor, or Planning Advisor
  • Financial Investment Manager, or Portfolio Manager
  • Financial Investment Advisor, or Planning Advisor

    Develops and implements financial plans for individuals or organisations, and advises on investment strategies and their taxation implications, securities, insurance, pension plans and real estate. Registration or licensing may be required.

  • Financial Investment Manager, or Portfolio Manager

    Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing may be required.

    Specialisations: Superannuation Funds Manager, Unit Trust Manager

Fast Facts

  • $1,701 Weekly Pay
  • 45,900 workers Employment Size
  • Stable Future Growth
  • Very high skill Skill level rating
  • Lower unemployment Unemployment
  • 85.0% Full-Time Full-Time Share
  • 41.5 hours Average full-time
  • 42.5 years Average age
  • 29.8% female Gender Share

The number of Financial Investment Advisers and Managers grew moderately over the past 5 years and is expected to stay fairly stable over the next 5 years:
from 45,900 in 2017 to 47,200 by 2022.
There are likely to be around 21,000 job openings over this time from workers leaving and new jobs being created.

  • Size: This is a large occupation.
  • Unemployment: Unemployment was below average in 2017.
  • Location: Financial Investment Advisers and Managers work in most regions of Australia.
  • Industries: Most work in Financial and Insurance Services; Professional, Scientific and Technical Services; and Public Administration and Safety.
  • Earnings: Full-time workers earn around $1,701 per week (very high compared to the all jobs average of $1,230). Earnings tend to be lower when starting out and higher as experience grows.
  • Full-time: Most work full-time (85%, much higher than the all jobs average of 68.4%).
  • Hours: Full-time workers spend around 41.5 hours per week at work (compared to the all jobs average of 40.0 hours).
  • Age: The average age is 43 years (compared to the all jobs average of 40 years).
  • Gender: 29.8% of workers are female (compared to the all jobs average of 46.7%).

Employment Outlook

Number of Workers

Source: ABS Labour Force Survey, Department of Jobs and Small Business trend data to May 2017 and Department of Jobs and Small Business projections to 2022.
YearNumber of Workers
200742500
200841700
200940500
201036400
201146500
201243500
201342400
201447000
201547000
201649600
201745900
202247200

Weekly Earnings

Weekly Earnings (Before Tax)

Source: Based on ABS Characteristics of Employment survey, August 2015, Cat. No. 6333.0, Customised Report. Median earnings are before tax and do not include superannuation. Earnings can vary greatly depending on the skills and experience of the worker and the demands of the role. These figures should be used as a guide only, not to determine a wage rate.
EarningsFinancial Investment Advisers and ManagersAll Jobs Average
Full-Time Earnings17011230

Main Industries

Main Employing Industries (% Share)

Source: Based on ABS Labour Force Survey, annual average 2017, Cat. No. 6291.0.55.003: Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
Main Employing IndustriesIndustry (% share)
Financial and Insurance Services84.2
Professional, Scientific and Technical Services7.0
Public Administration and Safety2.7
Rental, Hiring and Real Estate Services1.9
Other Industries4.2

States and Territories

  • NSW

  • VIC

  • QLD

  • SA

  • TAS

  • NT

  • ACT

Employment by State and Territory (% Share)

Source: Based on ABS Labour Force Survey, annual average 2017, Cat. No. 6291.0.55.003: Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
StateFinancial Investment Advisers and ManagersAll Jobs Average
NSW32.431.6
VIC33.026.2
QLD19.019.7
SA4.86.7
WA8.010.8
TAS1.42.0
NT0.41.1
ACT1.01.8

Age Profile

Age Profile (% Share)

Source: Based on ABS Labour Force Survey, annual average 2017, Cat. No. 6291.0.55.003: Customised Report. Age profile of workers in this job compared to the all jobs average.
Age BracketFinancial Investment Advisers and ManagersAll Jobs AverageAll Jobs Average
15-190.3-5.25.2
20-242.9-9.99.9
25-3424.5-23.623.6
35-4427.6-21.721.7
45-5423.1-20.820.8
55-598.3-8.88.8
60-647.6-6.06.0
65 and Over5.6-4.04.0

Education Level

Highest Level of Education (% Share)

Source: ABS, Education and Work (2016). Findings based on use of ABS TableBuilder data. Highest qualification completed by workers in this job (in any field of study). Skill level requirements can change over time, the qualifications needed by new workers might be different from the qualifications of workers already in the job.
Type of QualificationFinancial Investment Advisers and ManagersAll Jobs AverageAll Jobs Average
Post Graduate/Graduate Diploma or Graduate Certificate20.6-8.68.6
Bachelor degree32.1-17.917.9
Advanced Diploma/Diploma35.8-10.110.1
Certificate III/IV2.8-18.918.9
Year 128.7-18.718.7
Years 11 & 100-17.717.7
Below Year 100-8.18.1

A Bachelor Degree or higher is usually needed and half of workers have a university degree. Sometimes experience or on-the-job training is needed in addition to a qualification. Registration or licensing may be required.

Before starting a course, check it will provide you with the skills and qualifications you need.

  • Compare undergraduate and postgraduate student experiences and outcomes on the QILT website.
  • Compare Vocational Education and Training (VET) courses, providers and student outcomes on the My Skills website.
  • You might be interested in Financial Services VET training pathways on the AAPathways website.

The course listings on this page are provided by Good Education Group.

Employers look for Financial Investment Advisers and Managers who can communicate clearly, work well in a team and have strong interpersonal skills.

Knowledge

These are important topics, subjects or knowledge areas.

  1. Customer and Personal Service

    87% Important

    Customer and personal services. This includes understanding customer needs, providing good quality service, and measuring customer satisfaction.

  2. Economics and Accounting

    86% Important

    Economics and accounting, the financial markets, banking and checking and reporting of financial data.

  3. English Language

    74% Important

    English language including the meaning and spelling of words, rules of composition, and grammar.

  4. Sales and Marketing

    73% Important

    Showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

  5. Administration and Management

    71% Important

    Planning and coordination of people and resources.

Occupational Information Network
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2052.00 - Personal Financial Advisors.

Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.

Activities

These are kinds of activities workers regularly do in this job.

  1. Getting Information

    93% Important

    Looking for, getting and understanding different kinds of information.

  2. Checking Compliance with Standards

    90% Important

    Deciding whether events or processes comply with laws, regulations, or standards.

  3. Interacting With Computers

    90% Important

    Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

  4. Making Decisions and Solving Problems

    90% Important

    Using information to work out the best solution and solve problems.

  5. Building Good Relationships

    90% Important

    Building and keeping constructive and cooperative working relationships with others.

Occupational Information Network
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2052.00 - Personal Financial Advisors.

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