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.
U.S. Workers
270,480
Median Salary
$102,140
10-Year Growth
+9.6%
Annual Openings
24,100
Typical entry: Bachelor's degree
20 of 21 tasks have some AI capability
Exposure Trend
This score reflects estimated AI technical capability for tasks in this occupation. It does not predict employment changes, and it does not account for company-specific constraints, regulation, or adoption barriers.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
AI: Fully automatable - AI excels at continuous monitoring and can automatically review accounts and flag life, economic, or performance triggers that indicate a need for plan reassessment.
Manage client portfolios, keeping client plans up-to-date.
AI: Fully automatable - Automated portfolio management systems can fully manage many client portfolios, perform rebalancing and tax-loss harvesting, and keep plans up-to-date for a wide range of clients.
Contact clients periodically to determine any changes in their financial status.
AI: Fully automatable - AI can routinely contact clients and gather updates via automated messages and conversational agents, enabling reliable periodic status checks for most clients.
Prepare or interpret for clients information such as investment performance reports, financial document summaries, or income projections.
AI: Fully automatable - AI can prepare and interpret investment performance reports, summarize financial documents, and produce income projections with high accuracy and readable explanations in most cases.
Explain to clients the personal financial advisor's responsibilities and the types of services to be provided.
AI: Fully automatable - AI can clearly explain an advisor's responsibilities and the types of services offered using standardized descriptions and client-friendly language.
Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills.
AI: Fully automatable - AI can comprehensively guide clients on which documents to gather and how to organize them, providing checklists and examples tailored to client situations.
Monitor financial market trends to ensure that client plans are responsive.
AI: Fully automatable - AI systems can continuously monitor market trends, detect relevant signals, and generate alerts or suggested plan adjustments to keep client plans responsive.
Devise debt liquidation plans that include payoff priorities and timelines.
AI: Fully automatable - AI can construct debt liquidation strategies with payoff priorities and timelines based on client financial data and known payoff methods (e.g., snowball, avalanche).
Inform clients about tax benefits, government rebates, or other financial benefits of alternative fuel vehicle purchases or energy efficient home construction, improvements, or remodeling.
AI: Fully automatable - AI can inform clients about potential tax credits, rebates, and incentives for energy-efficient purchases and summarize typical eligibility rules, while recommending professional tax confirmation where needed.
Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages.
AI: Fully automatable - AI can design, generate materials for, and deliver seminars or workshops (including live virtual facilitation and Q&A), though organizations may pair AI delivery with human facilitators for compliance and engagement.
Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds.
AI: Fully automatable - By 2025 AI systems can aggregate ESG data, financial metrics, and client preferences to generate tailored recommendations for cleantech, alternative energy, and conservation-focused investments comparable to robo-advisors.
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.
AI: Partial - AI can conduct structured intake interviews and capture standard financial data via chatbots and forms but cannot fully replace human judgment, trust-building, or handling complex exceptions.
Answer clients' questions about the purposes and details of financial plans and strategies.
AI: Partial - AI can explain purposes and details of financial plans for many common questions with clear, accurate explanations, but lacks licensed authority and still requires human oversight for nuanced or high-stakes guidance.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
AI: Partial - AI can generate personalized strategy suggestions for cash management, insurance, and investments from client data and models, but reliably assuming fiduciary judgment and handling novel complex cases typically needs a human advisor.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
AI: Partial - AI can analyze quantitative financial information and produce candidate strategies at scale, but nuanced tradeoffs, subjective preferences, and complex constraints often require human interpretation and judgment.
Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.
AI: Partial - AI and robo-advisors can automate many implementation steps and make referrals, yet regulatory approvals, certain transactions, and complex implementations still commonly require human intervention.
Recruit and maintain client bases.
AI: Partial - AI can automate lead generation, outreach, and CRM workflows to support recruitment and retention, but cannot fully replace human relationship-building and high-touch sales necessary to win and maintain many clients.
Investigate available investment opportunities to determine compatibility with client financial plans.
AI: Partial - AI can research and analyze investment opportunities and assess compatibility with client plans, but cannot fully replace licensed human judgment, fiduciary responsibility, or access to proprietary real-time trading order/execution considerations.
Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances.
AI: Partial - AI can coordinate meetings, synthesize communications, and summarize other advisors' inputs, but cannot fully replicate in-person collaboration, professional representation, or legally privileged interactions.
Recommend financial products, such as stocks, bonds, mutual funds, or insurance.
AI: Partial - AI can generate and justify recommendations for financial products and model suitability, but providing regulated investment advice and executing recommendations typically requires licensed human advisors and compliance oversight.
Open accounts for clients and disburse funds from accounts to creditors as agent for clients.
AI: Not automatable - AI cannot legally open accounts or disburse client funds as an agent because those actions require authenticated identity, KYC/AML procedures, explicit client authorization, and regulated intermediary involvement.