Financial Advisor Job Description Template for Hiring Managers

If hiring top talent is part of your firm’s strategic growth plans, it’s to your advantage to know how to stand out among the competition. Drafting a compelling job description is critical for grabbing the attention of job seekers. Let’s look at how to create a financial advisor job profile to attract highly qualified candidates.

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Financial Advisor Job Profile Template

Templates are useful for streamlining how you run your business. Another upside of using them is that you can adjust them as needed. Below, you’ll find a sample financial advisor job description template that you or your hiring manager can use to telegraph your firm’s needs and expectations.

Role: Financial Advisor

Location: [Your location]

Job type: Full-time

Posting date: [XX/XX/XXXX]

Financial Advisor Job Description

At [your firm name], we’re committed to helping clients confidently navigate every season of life to realize their financial goals. We believe in a holistic approach to planning and our team of advisors is well-versed in estate planning, tax management, portfolio management, legacy planning and charitable giving.

We seek dedicated, highly motivated financial advisors to join our growing team. Our ideal candidate has [#] years of experience working with clients in a wealth management or portfolio management setting. Core responsibilities include onboarding new clients, developing and implementing comprehensive financial plans for existing clients, and closing new business.

As part of the [your firm’s name] team, you’ll work alongside like-minded advisors who support our mission of helping clients achieve financial wellness. We strongly encourage business development and provide our advisors with opportunities to develop new skills and sharpen existing ones.

Financial Advisor Job Responsibilities

• Implement the firm’s holistic approach to develop personalized, comprehensive financial plans for clients.
• Meet with all clients at least once annually to discuss their financial plans and make necessary adjustments to keep them aligned with their goals.
• Analyze market trends and data to develop financial summaries and investment projections.
• Actively grow your book of business by seeking out prospective clients who may be best served by our firm’s planning strategy.
• Increase firm assets under management by leveraging strategic partnerships and spheres of influence to generate referrals.
• Routinely review client information to ensure compliance with applicable laws and regulations, including Know Your Client (KYC) and Anti-Money Laundering (AML) rules.
• Communicate with clients in a timely and transparent manner.
• Oversee all aspects of the client relationship and encourage engagement through regular outreach and client events.
• Conduct analytical research and prepare accurate financial reports when making client recommendations.
• Engage in business and professional development to stay current on the latest financial planning, investment management and risk management trends.

What We Offer

Compensation: $90,000 – $225,000/year

Benefits:

• 401(k) with a 4.5% employer matching contribution
• Health insurance
• Dental insurance
• Vision insurance
• Group life insurance coverage
• Disability coverage
• Paid time off
• Bonus pay
• Stock options
• Tuition reimbursement
• Financial assistance with obtaining professional certifications (e.g., CFP®, ChFC, etc.)

Job setting:

In-office position in [your location] with a Monday-Friday 9 to 5 schedule. Candidates must be able to commute or relocate. Relocation assistance is available.

Candidate Requirements:

• Bachelor’s degree in business, accounting or a finance-related field
• 5+ years of professional experience in finance, with a background in wealth management or investment management preferred
• FINRA Series 7, 63, and 65, or 66 licenses
• Knowledge of financial planning software, compliance software and customer relationship management (CRM) software
• Exceptional written and verbal communication skills and presentation skills
• Detail-oriented, with outstanding time management skills
• Personal integrity and a commitment to confidentiality

Preferred Skills/Qualifications:

• Master’s degree in business or a related field
• Proficiency in foreign language
• Certified Financial Planner™ (CFP®) designation, Chartered Financial Analyst (CFA) designation, Chartered Financial Consultant (ChFC) designation or a demonstrated desire to earn one of these certifications
• Previous experience with managed accounts and/or trust planning
• Leadership or teaching experience is a plus

Next Steps:

Email your resume and cover letter to [your email] or click the ‘Apply’ button below to submit your application. We respond to applications within five business days. Qualified candidates will be scheduled for an initial phone interview, followed by an in-person meeting with two senior advisors. Final interviews are overseen by the hiring team.

This financial advisor job profile template is meant to serve as an example of how you might frame your firm’s job posting. You may include additional sections that describe what your firm does, which markets you serve or a section that poses questions to potential candidates. For example, you may ask if candidates are willing to relocate or if they have experience in a specific area of financial planning.

The advantage of using this kind of template is that you can modify it to fit your needs and objectives at any given time.

Frequently Asked Questions

How Can Advisors Recruit the Right Candidates?

Finding the right people to join your advisory team begins with understanding your mission, values and goals. The ideal candidate should be closely aligned with all three and have the requisite level of experience and expertise to carry out the duties they’re expected to handle. That can help you shape your financial advisor job profile to attract the best individuals for the role.

Where Can You Find Advisory Candidates for Your Firm?

If you’re ready to hire a new advisor, consider how wide you want to cast the net. Some of the best places to post your job description or look for candidates include LinkedIn, industry-specific job boards or hiring websites, and university job boards, if you’re interested in hiring someone fresh out of college. You can also tap your network to see if anyone you know might have a solid candidate in mind.

How Can Advisory Firms Retain Top Talent?

Hiring suitable candidates is just the first step in growing your firm. You also have to know how to hold on to them. Some of the best incentives to retain talent include a positive and supportive company culture, an attractive benefits package that features perks other firms don’t offer, and flexibility when it comes to things like paid time off or the option to work remotely on a part-time basis.

Bottom Line

A detailed and engaging job description is the first step in connecting with qualified candidates. The financial advisor job profile template shared above is meant to give you a starting point for developing a description that reflects your firm’s personality while outlining its needs.

Tips for Growing Your Advisory Business

• A digital marketing plan can help increase your visibility online and potentially attract new clients. Part of your plan may include a strategic partnership with an advisor marketing platform. SmartAsset AMP (Advisor Marketing Platform) is a holistic marketing service financial advisors can use for client lead generation and automated marketing. Sign up for a free demo to explore how SmartAsset AMP can help you expand your practice’s marketing operation. Get started today.
• How much should you pay a new advisor when joining your team? Comparing average financial advisor salaries based on experience and location can give you a better idea of what to offer. It’s important to choose a salary range that reflects the level of expertise you expect a candidate to have while allowing you to be competitive with other firms.

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