Personal Financial Advisors
SOC Code: 13-2052 Job Zone 4: Considerable Preparation Needed
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.
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Prevailing Wage Levels (National)
DOL/OFLC prevailing wage thresholds for Personal Financial Advisors. Hourly rates x 2,080 = annual.
FY2027 Weighted Lottery Impact
| Level | Lottery Entries | Est. Selection Rate |
|---|---|---|
| Level I (Entry) | 1 entry | ~16% |
| Level II (Qualified) | 2 entries | ~31% |
| Level III (Experienced) | 3 entries | ~45% |
| Level IV (Expert) | 4 entries | ~61% |
Prevailing Wages by Metro Area
| Metro Area | Level I | Level II | Level III | Level IV |
|---|---|---|---|---|
| Pinehurst-Southern Pines, NC | $77,875 | $168,106 | $258,336 | $348,566 |
| Central North Carolina nonmetropolitan area | $54,683 | $147,056 | $239,429 | $331,802 |
| Eastern North Carolina nonmetropolitan area | $48,547 | $139,672 | $230,797 | $321,922 |
| Naples-Marco Island, FL | $63,835 | $145,059 | $226,262 | $307,486 |
| New York-Newark-Jersey City, NY-NJ | $87,006 | $158,558 | $230,090 | $301,642 |
| Charleston, WV | $47,819 | $131,206 | $214,573 | $297,960 |
| Monroe, LA | $46,862 | $129,938 | $213,034 | $296,109 |
| Winston-Salem, NC | $67,018 | $142,397 | $217,776 | $293,155 |
| Macon-Bibb County, GA | $56,014 | $133,806 | $211,619 | $289,411 |
| Raleigh-Cary, NC | $59,280 | $132,725 | $206,190 | $279,635 |
H-1B Filing Data
Top H-1B Employers
| Employer | Filings | Avg Wage |
|---|---|---|
| JPMORGAN CHASE & CO. | 1 | $160,000 |
Filing Trend
| Year | Filings | Avg Wage |
|---|---|---|
| 2024 | 1 | $160,000 |
Key Skills
| Skill | Importance | Level |
|---|---|---|
| Reading Comprehension | 4.1 | |
| Active Listening | 4.1 | |
| Speaking | 4.0 | |
| Writing | 3.9 | |
| Critical Thinking | 3.8 | |
| Mathematics | 3.6 | |
| Complex Problem Solving | 3.6 | |
| Judgment and Decision Making | 3.6 | |
| Service Orientation | 3.6 | |
| Social Perceptiveness | 3.6 |
Knowledge Areas
| Knowledge | Importance |
|---|---|
| Customer and Personal Service | 4.4 |
| Economics and Accounting | 4.1 |
| English Language | 3.9 |
| Mathematics | 3.7 |
| Psychology | 3.1 |
| Sales and Marketing | 2.9 |
| Administration and Management | 2.9 |
| Computers and Electronics | 2.9 |
Education Requirements
| Education Level | % of Workers |
|---|---|
| Bachelor's degree | 57.7% |
| Master's degree | 23.1% |
| Doctoral degree | 11.5% |
| Some college | 7.7% |
Typical Tasks
- Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
- Answer clients' questions about the purposes and details of financial plans and strategies.
- 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.
- Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
- Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections.
- Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
- Contact clients periodically to determine any changes in their financial status.
- Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
Technology Skills
Green = Hot Technology in demand
Microsoft Access Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft Project Microsoft SQL Server Microsoft Visual Basic Microsoft Word Salesforce software Structured query language SQL Swift ACT! ACT4Advisors ASI Client Acquisition Solution Advent Axys
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