Financial Consultant Job Description

Barry L. Bulakites

April 10, 2023

Barry Bulakites

A financial consultant is a professional who advises and guides clients on how to meet their financial goals. They provide various services, including building financial strategies, assessing client needs and staying abreast of economic conditions and financial markets.

A financial consultant may work independently or as an employee of a company. They travel to clients’ homes or offices, meet with them in person and help them develop effective financial strategies.

Job Duties

A financial consultant helps clients create financial plans that will help them meet their long-term and short-term goals. This includes evaluating a client’s finances and recommending investment strategies.

A finance consultant typically spends much time meeting with clients in person to discuss their financial needs and provide personalized advice. They also regularly assess clients’ life changes and update their financial strategies to ensure they are on track for a successful future.

The job duties of a financial consultant vary depending on the industry. Some focus on analyzing a company’s finances and helping them make wise investments. In contrast, others work with nonprofit organizations and government entities to build funding strategies that benefit the organization and its community.

Education and Training Requirements

Financial consultants work with individual clients to develop financial plans for various goals. They examine a client’s assets, expenses and income to create a comprehensive plan for reaching specific milestones, such as buying a home or paying for college.

To become a financial consultant, you need a bachelor’s degree in finance or a related field. Some financial consultants also pursue specialized professional certifications, such as the Certified Financial Planner (CFP) or Chartered Financial Consultant (ChFC) designations.

You may also want to consider a master’s degree in finance or financial planning. These degree programs can prepare you for a large company or financial institution management role. They also teach you how to research and lead a team of financial professionals, so they’re useful for managers and directors looking to expand their careers.

Work Environment

Financial consultants assist their clients in evaluating their present financial situation and devising a strategy for their future needs. This may involve creating budget plans and investment strategies, preparing tax returns, and advising on insurance policies.

A consultant prepares a comprehensive plan of action for each client that addresses their current assets, debt obligations, and sources of income. It also includes their retirement objectives and risk tolerance.

Depending on the complexity of the portfolio, a financial consultant manages a wide variety of investment methods that incorporate equities, bonds, money market accounts and exchange-traded funds. They advise clients on how much to save and whether or not it makes sense to increase their investment levels.

Financial consultants must have robust detail orientation and be able to spot inconsistencies in client information, investment data or accounting computations. This is important to ensure that their recommendations are accurate and reliable.


Financial consultants are responsible for assessing clients’ financial situations and developing plans to help them reach their goals. They are often tasked with implementing tax optimization, investment strategies and other techniques to ensure clients make the most of their finances.

Depending on experience, the salary of a financial consultant can range between $40,000 and $120,000 per year. The salary can also increase with certification or additional training.

In addition to having a deep understanding of financial markets, tax laws and investment products, financial consultants must possess analytical skills to provide sound advice to their clients. Strong communication and relationship-building abilities are also essential for success in this profession.

The average salary of an Entry Level Financial Consultant is between $55,000 and $105,000 annually across the United States. The ZipRecruiter data shows that salaries for this job category are highest in San Mateo, CA and Green River, WY.