Financial Investment Advisers develop and implement financial plans for individuals or organisations, and advise on investment strategies and their taxation implications, securities, insurance, pension plans and real estate.

    You usually need a formal qualification in finance, accounting, commerce or economics to work as a Financial Investment Adviser. VET (Vocational Education and Training) and university are both common study pathways for Financial Investment Advisers.

    Tasks

    • Interviews prospective clients to determine financial status and objectives, discusses financial options and develops financial plans and investment strategies.
    • Monitors investment performance, and reviews and revises investment plans based on modified needs and changes in markets.
    • Recommends and arranges insurance cover for clients.
    • Arranges to buy and sell stocks and bonds for clients.
    • Advises on investment strategies, sources of funds and the distribution of earnings.
    • Sets financial objectives, and develops and implements strategies for achieving the financial objectives.
    • Manages funds raised from personal superannuation savings policies and unit trusts.
    • May refer clients to other organisations to obtain services outlined in financial plans.

    More about Financial Investment Advisers and Managers

    All Financial Investment Advisers and Managers

    • $2,307 Weekly Pay
    • Stable Future Growth
    • Lower unemployment Unemployment

    Financial Investment Advisers

    • 24,100 workers Employment Size
    • Very high skill Skill level rating
    • 85% Full-Time Full-Time Share
    • 44 hours Average full-time
    • 41 years Average age
    • 31% female Gender Share

    The number of people working as Financial Investment Advisers (in their main job) fell over 5 years:
    from 24,900 in 2011 to 24,100 in 2016.

    • Size: This is a medium sized occupation.
    • Location: Financial Investment Advisers work in many regions of Australia.
    • Industries: Most work in Financial and Insurance Services; Professional, Scientific and Technical Services; and Rental, Hiring and Real Estate Services.
    • Full-time: Most work full-time (85%, much higher than the average of 66%).
    • Hours: Full-time workers spend around 44 hours per week at work (compared to the average of 44 hours).
    • Age: The average age is 41 years (compared to the average of 40 years).
    • Gender: 31% of workers are female (compared to the average of 48%).

    Employment Outlook

    Number of Workers

    No data is available for the selected graph for this Occupation.

    Weekly Earnings

    Weekly Earnings (Before Tax)

    No data is available for the selected graph for this Occupation.

    Main Industries

    Main Employing Industries (% Share)

    Source: Based on ABS Census 2016, Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
    Main Employing IndustriesIndustry (% share)
    Financial and Insurance Services86.6
    Professional, Scientific and Technical Services5.8
    Rental, Hiring and Real Estate Services1.8
    Public Administration and Safety1.5
    Other Industries4.3

    States and Territories

    • NSW

    • VIC

    • QLD

    • SA

    • TAS

    • NT

    • ACT

    Employment by State and Territory (% Share)

    Source: Based on Based on ABS Census 2016, Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
    StateFinancial Investment AdvisersAll Jobs Average
    NSW33.531.6
    VIC29.525.6
    QLD18.020.0
    SA6.67.0
    WA9.110.8
    TAS1.52.0
    NT0.31.0
    ACT1.51.9

    Age Profile

    Age Profile (% Share)

    Source: Based on Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
    Age BracketFinancial Investment AdvisersAll Jobs AverageAll Jobs Average
    15-190.1-5.05.0
    20-244.4-9.39.3
    25-3426.1-22.922.9
    35-4428.2-22.022.0
    45-5422.3-21.621.6
    55-598.2-9.09.0
    60-645.6-6.06.0
    65 and Over5.1-4.24.2

    Education Level

    Highest Level of Education (% Share)

    Source: ABS, ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
    Type of QualificationFinancial Investment AdvisersAll Jobs AverageAll Jobs Average
    Post Graduate/Graduate Diploma or Graduate Certificate19.7-10.110.1
    Bachelor degree41.5-21.821.8
    Advanced Diploma/Diploma28.1-11.611.6
    Certificate III/IV2.4-21.121.1
    Year 126.4-18.118.1
    Year 110.9-4.84.8
    Year 10 and below1.0-12.512.5

    You usually need a formal qualification in finance, accounting, commerce or economics to work as a Financial Investment Adviser. VET (Vocational Education and Training) and university are both common study pathways for Financial Investment Advisers.

    Registration with the Australian Security and Investments Commission is needed to work as a Financial Investment Adviser. Membership with the Association of Financial Advisors may also be useful.

    Checks, licences and tickets

    You may need:

    • Australian Financial Services licence

    Thinking about study or training?

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

    • Search and compare thousands of higher education courses, and their entry requirements from different institutions across Australia at Course Seeker website.
    • 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.

    Or check out related courses on Job Outlook.

    Useful links and resources


    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.

    Filter Skills & Knowledge

    Knowledge

    These are important topics, subjects or knowledge areas.

    1. Customer and Personal Service

      73% Skill level

      Understanding customer needs, providing good quality service, and measuring customer satisfaction.

    2. Economics and Accounting

      69% Skill level

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

    3. Mathematics

      67% Skill level

      Arithmetic, algebra, geometry, calculus, or statistics.

    4. Sales and Marketing

      67% Skill level

      Showing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.

    5. Administration and Management

      63% Skill level

      Business principles involved in strategic planning, leadership, and coordinating people and resources.

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and 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.

    Filter Work Environment

    Demands

    The physical and social demands workers face most often are shown below.

    1. Electronic Mail

      95% Important

      How often do you use electronic mail?

    2. Indoors, Heat Controlled

      95% Important

      How often do you work indoors with access to heating or cooling?

    3. Telephone

      93% Important

      How often do you talk on the telephone?

    4. Spend Time Sitting

      91% Important

      How much time do you spend sitting?

    5. Contact With Others

      88% Important

      How much do you have contact with people (face-to-face, by telephone, or any other way)?

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and 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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