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Version:
OaSIS 2023 Version 1.0
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11102.00 – Financial advisors

Financial advisors counsel individuals on financial decisions such as investments, cash management, and estate planning. They establish personal financial plans according to clients’ objectives and guide them through the implementation of the proposed strategies that may be adjusted as the situation evolve.

Overview

Example job titles

  • Account manager
  • Financial advisor
  • Financial consultant
  • Financial planner
  • Financial security advisor
  • Personal finance advisor
  • Personal investment advisor

Main duties

This group performs some or all of the following duties:

  • Develop personal financial plans for clients covering cash management, finances, insurance coverage, investments, retirement and estate planning, taxes and legal matters
  • Analyze clients' financial records, set goals and develop a financial strategy
  • Advise clients on implementing the financial plan to help them achieve their goals
  • May also arrange for the purchase and sale of financial products and investments depending on the licence held, and monitor the portfolio to ensure its quality and profitability
  • May help to expand business and attract new clients.

Additional information

  • While these kinds of positions require a high degree of training and qualifications, persons who occupy them must continually update their skills and pursue professional development.
  • Progression to financial management positions is possible with experience.

Similar occupations classified elsewhere

Exclusions:

  • Advertising, marketing and public relations managers (10022)
  • Banking, credit and other investment managers (10021)
  • Financial and investment analysts (11101)
  • Insurance, real estate and financial brokerage managers (10020)
  • Other business services managers (10029)
  • Other financial officers (11109)
  • Securities agents, investment dealers and brokers (11103)

NOC hierarchy breakdown

NOC version

NOC 2021 Version 1.0

Broad occupational category

1 – Business, finance and administration occupations

TEER

1 – Occupations usually require a university degree

Major group

11 – Professional occupations in finance and business

Sub-major group

111 – Professional occupations in finance

Minor group

1110 – Auditors, accountants and investment professionals

Unit group

11102 – Financial advisors

Occupational profile

11102.00 – Financial advisors

O*NET in-it

This page includes information from the O*NET 27.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. Employment and Social Development Canada has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications.