Explore occupational profile

Version:
OaSIS 2025 Version 1.0
Search the OaSIS

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

Core competencies

  • Critical Thinking and Decision Making to assess the suitability of various investment options, understand market trends and develop strategies that align with clients' goals
  • Management of Financial Resources to create and implement strategies for budgeting, investing and saving, including allocating assets in a way that aligns with clients' objectives and risk tolerance
  • Mathematical Reasoning and Numerical Ability to analyze and interpret quantitative data, such as investment returns, savings growth and retirement projections
  • Deductive Reasoning to identify appropriate financial strategies, solve complex financial problems and make informed recommendations based on clients' unique situations and objectives
  • Attention to Detail to ensure financial plans and calculations are correct, avoiding errors that could impact the effectiveness of financial strategies and affect clients' financial well-being
  • Knowledge in Finance to understand financial products, investment vehicles, such as stocks, bonds, mutual funds and real estate, as well as planning techniques, such as retirement planning, tax strategies and estate planning

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.