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Financial advisors

OaSIS code 11102.00

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.


Also known as

  • 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


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

NOC hierarchy breakdown

NOC version

NOC 2021 Version 1.0

Broad occupational category

1 – Business, finance and administration occupations


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

Work characteristics

Work characteristics gathers the various components describing the work environment of each occupation, such as employers, work activities, and the work context. Each category displays up to 10 descriptors in descending order based, firstly, on their attributed ratings by the level of complexity (for Work Activities) or other measurement dimensions (for Work Context), and secondly, in alphabetical order. The whole list of descriptors and their ratings can be expanded at the bottom of each page.

Work Activities

Proficiency or complexity level
Analyzing Data or Information
5 - Highest Level
Communicating with Persons Outside Organization
5 - Highest Level
Developing Objectives and Strategies
5 - Highest Level
Evaluating Information to Determine Compliance
5 - Highest Level
Getting Information
5 - Highest Level

Work Context

Structural Job Characteristics

Structured versus Unstructured Work
Degree of freedom to determine tasks and priorities
3 - Moderate amount of freedom
Work Week Duration
Worked hours in a typical week
2 - Between 35 to 40 hours

Physical Work Environment

Physical Proximity
Physical distance from others
3 - Somewhat close (e.g. share office)

Physical Demands

5 - All the time, or almost all the time
0 – Not applicable
Bending or Twisting the Body
1 - Very little time

Interpersonal Relations

Contact with Others
4 - Every day, a few times per day
3 - About half the time
Work with Work Group or Team
3 - Important
3 - Once a week or more but not every day


  • Banks
  • Governments
  • Investment firms
  • Self-employed
  • Trust companies

Skills and abilities

This section displays the various competencies required for an occupation. Each category displays up to 10 descriptors in descending order based, firstly, on their attributed ratings by the level of proficiency (for Skills and Abilities) or importance (for Personal Attributes) and secondly, in alphabetical order. The whole list of descriptors and their ratings can be expanded at the bottom of each page.


Proficiency or complexity level
Deductive Reasoning
5 - Highest Level
Mathematical Reasoning
5 - Highest Level
Numerical Ability
5 - Highest Level
Inductive Reasoning
4 - High Level
Speech Clarity
4 - High Level


Proficiency or complexity level
Digital Literacy
5 - Highest Level
Management of Financial Resources
5 - Highest Level
Critical Thinking
4 - High Level
Decision Making
4 - High Level
4 - High Level

Personal Attributes

Analytical Thinking
4 - Highly important
Attention to Detail
4 - Highly important
4 - Highly important
Concern for Others
4 - Highly important
4 - Highly important