Adviser

Money adviser | Average UK Salary & Outlook

Money advisers help people whose debts have become too large or difficult for them to handle.

• Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
• Answer clients' questions about the purposes and details of financial plans and strategies.
• Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
• Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
• Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
• Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
• Contact clients periodically to determine any changes in their financial status.
• Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
• Recruit and maintain client bases.
• Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
• Investigate available investment opportunities to determine compatibility with client financial plans.
• Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
• Monitor financial market trends to ensure that client plans are responsive.
• Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
• Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
• Devise debt liquidation plans that include payoff priorities and timelines.
• Open accounts for clients and disburse funds from accounts to creditors as agent for clients.

Money advisers typically work around 30 to 32 hours per week.

As a Money adviser you will typically work evenings / weekends
.

This occupation tends to be:

• Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
• Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
• Social — Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.

Integrity Job requires being honest and ethical.
Dependability Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Attention to Detail Job requires being careful about detail and thorough in completing work tasks.
Concern for Others Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.
Persistence Job requires persistence in the face of obstacles.

42,248 GBP

per year *

18,000 GBP

28,000 GBP

* data taken from the Office of National Statistics ()

Limited job growth or decline expected within the next year. Fewer openings, so job seekers may face competition and may consider related fields for more stability.