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Arm-Chair

Personal Finance Advisor

Banking & Finance

  • Average Salary

    RM2800 - RM 4500

  • Career Trends

    -

  • Compability

What is Personal Finance Advisor?

The Personal Financial Advisor is responsible for advising his clients on financial plans, using his knowledge of taxes and investment strategies, security, insurance, pension plans and property. The duties of a Personal Financial Advisor include assessing client assets, liabilities, cash flow, insurance, tax status, and financial goals.

Minimum education level

 

PT3

SPM

STPM

Diploma

Degree

Average Salary

RM2800 - RM 4500

Example of a Job Position

Analyst
Certified Financial Planner
Financial Advisor
Financial consultant
Financial Counselor
Financial Planner
Investment Advisor
Portfolio Manager
Executive Account

Task

? Interviewing clients to find out their current income, insurance, tax status, financial goals, risk tolerance, as well as various other information needed, to develop the client's financial plan ? Answering client questions about objectives, details of financial plans and strategies ? Suggest strategies for clients, in cash management, insurance, investment plans, or other fields to help clients achieve their financial goals ? Analyze financial information obtained from clients, to determine strategies for achieving client financial goals ? Implement financial planning recommendations for clients, or direct clients to others who can help implement their plans "

Knowledge

Psychology

Knowledge of human performance and behavior; differences in individual abilities, personalities and interests; learning and motivation; psychological research methods; and assessment and treatment of behavioral and affective disorders.

Mathematics

Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Customer and Personal Services

Knowledge of principles and processes to provide services for customers and personal. This includes assessing customer needs, meeting service quality standards, and evaluating customer satisfaction.

Administration and Management

Knowledge of business and management principles including strategic planning, resource allocation, human resource modeling, leadership techniques, production methods, and coordination between people and resources.

Economics and Accounting

Knowledge of economic and accounting principles and practices, financial markets, banking, and financial data analysis and reports.

Sales and Marketing

Knowledge of the principles and methods to show, promote, and sell products or services. Includes marketing strategies and tactics, product demonstrations, sales techniques, and sales control systems.

Skills

Active Listening

Give full attention to the words of others, set aside time to understand the points presented, ask questions appropriately, and not interrupt at the wrong time

Talking

Talk to others to convey information effectively

Critical Thinking

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to the problems handled

Consideration and Decision Making

Consider the shortcomings and advantages of potential action choices to choose the most appropriate action.

Capability

  • 1

    Oral Expression - The ability to communicate information and ideas when speaking, so that others can understand what is being conveyed

  • 2

    Written Expression - The ability to communicate information and ideas in writing so that others can understand

  • 3

    Deductive Reasoning - The ability to apply general rules to certain problems in order to produce reasonable answers.

  • 4

    Inductive Reasoning - The ability to combine pieces of information to form general rules and conclusions (including finding relationships between seemingly unconnected events).

  • 5

    Oral Understanding - The ability to listen and understand information and ideas conveyed through words and oral sentences

Related Courses/Majors