Personal Financial Advisors
SOC: 13-2052.00 · Job Zone 4 (Considerable preparation)
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.
AI Impact Summary
Personal Financial Advisors faces moderate AI displacement risk with a score of 34/100. Significant displacement is estimated between 2041 and 2051. Of 21 analyzed tasks, 5 are highly automatable, particularly in routine_cognitive. Strong protective factors — including social intelligence, creativity, or regulatory barriers — significantly reduce effective risk.
Wage & Employment (2024)
Median Wage
$102,140
per year
Mean Wage
$160,210
per year
Employment
270K
workers
Wage Range
$49,990 - N/A
10th - 90th pct
Protective Factors
Total protective discount: 24.9%
Skill Analysis
AI-Vulnerable Skills (6)
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Programming is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
AI-Resistant Skills (7)
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
Instructing is AI-resistant — strengthening this skill provides durable career protection.
Coordination is AI-resistant — strengthening this skill provides durable career protection.
Negotiation is AI-resistant — strengthening this skill provides durable career protection.
Manual Dexterity is AI-resistant — strengthening this skill provides durable career protection.
AI-Augmented Skills (5)
Recommendations
Skills to Develop
These skills are at risk from AI automation. Personal Financial Advisors professionals should diversify beyond them.
- Reading Comprehension
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Information Ordering
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Memorization
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Skills to Leverage
These human-centric skills remain difficult for AI to replicate. Double down here.
- Complex Problem Solving
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
- Social Perceptiveness
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
- Persuasion
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
- Instructing
Instructing is AI-resistant — strengthening this skill provides durable career protection.
- Coordination
Coordination is AI-resistant — strengthening this skill provides durable career protection.
Tools to Adopt
AI can amplify these skills. Learn the tools that augment rather than replace your work.
- Critical Thinking
Critical Thinking will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Judgment and Decision Making
Judgment and Decision Making will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Writing
Writing will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Active Learning
Active Learning will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Systems Analysis
Systems Analysis will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
Task Breakdown
21 tasks analyzed
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.
Answer clients' questions about the purposes and details of financial plans and strategies.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
Manage client portfolios, keeping client plans up-to-date.
Contact clients periodically to determine any changes in their financial status.
Recruit and maintain client bases.
Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
Investigate available investment opportunities to determine compatibility with client financial plans.
Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
Monitor financial market trends to ensure that client plans are responsive.
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
Devise debt liquidation plans that include payoff priorities and timelines.
Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
| Task | Category | AI Capability | Risk Score | Time % |
|---|---|---|---|---|
| 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. | Non-Routine Interpersonal | 30 | 27.0 | 8% |
| Answer clients' questions about the purposes and details of financial plans and strategies. | Non-Routine Interpersonal | 25 | 25.0 | 7% |
| Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals. | Non-Routine Interpersonal | 20 | 23.0 | 7% |
| Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives. | Non-Routine Analytical | 60 | 51.0 | 9% |
| Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation. | Routine Cognitive | 85 | 83.2 | 4% |
| Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment. | Non-Routine Analytical | 65 | 53.0 | 7% |
| Manage client portfolios, keeping client plans up-to-date. | Non-Routine Analytical | 70 | 55.0 | 7% |
| Contact clients periodically to determine any changes in their financial status. | Non-Routine Interpersonal | 30 | 27.0 | 4% |
| Recruit and maintain client bases. | Non-Routine Interpersonal | 20 | 23.0 | 6% |
| Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections. | Routine Cognitive | 90 | 85.2 | 5% |
| Explain to clients the personal financial advisor's responsibilities and the types of services to be provided. | Non-Routine Interpersonal | 20 | 23.0 | 3% |
| Investigate available investment opportunities to determine compatibility with client financial plans. | Non-Routine Analytical | 70 | 55.0 | 5% |
| Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills. | Routine Cognitive | 85 | 83.2 | 3% |
| Monitor financial market trends to ensure that client plans are responsive. | Non-Routine Analytical | 70 | 55.0 | 5% |
| Recommend financial products, such as stocks, bonds, mutual funds, or insurance. | Non-Routine Interpersonal | 25 | 25.0 | 4% |
| Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances. | Non-Routine Interpersonal | 15 | 21.0 | 2% |
| Open accounts for clients and disburse funds from accounts to creditors as agent for clients. | Routine Cognitive | 85 | 83.2 | 3% |
| Devise debt liquidation plans that include payoff priorities and timelines. | Non-Routine Analytical | 65 | 53.0 | 3% |
| Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling. | Routine Cognitive | 80 | 81.2 | 2% |
| Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages. | Non-Routine Interpersonal | 10 | 19.0 | 2% |
| Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds. | Non-Routine Interpersonal | 30 | 27.0 | 2% |
Community Assessment
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