Develops and implements financial plans for individuals or organisations, and advises on investment strategies and their taxation implications, securities, insurance, pension plans and real estate. Registration or licensing may be required.

Skill Level

1

Alternative Titles

• Financial Planning Adviser

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for Financial Investment Adviser is Vocational Education and Training Assess (VETASSESS). To have a positive skills assessment, you must meet the following criteria:

• Three pathways for skills assessment by VETASSESS
  • Pathway A – Qualification(s) assessed at AQF Bachelor degree or higher degree with a highly relevant field of study and at least one year of post-qualification highly relevant employment at an appropriate skill level in the last five years
  • Pathway B – Qualification(s) assessed at AQF Bachelor degree or higher degree with an additional qualification at least Australian Qualifications Framework (AQF) Diploma level in a highly relevant field of study and at least two years of post qualification highly relevant employment at an appropriate skill level in the last five years;
  • Pathway C – Qualification(s) assessed at AQF Bachelor degree or higher degree without a highly relevant field of study and at least three years of post-qualification highly relevant employment at an appropriate skill level in the last five years; Certification Panel
• Note: For pre-qualification employment (if all of your employment is before your qualification assessed at the AQF bachelor degree level), five years of highly relevant employment in addition to at least one year of highly relevant employment at an appropriate skill level in the last five years.

develop financial plans for individuals and organisations, and invest and manage funds on their behalf.

Tasks

• interviewing prospective clients to determine financial status and objectives, discussing financial options and developing financial plans and investment strategies
• monitoring investment performance, and reviewing and revising investment plans based on modified needs and changes in markets
• recommending and arranging insurance cover for clients
• arranging to buy and sell stocks and bonds for clients
• advising on investment strategies, sources of funds and the distribution of earnings
• setting financial objectives, and developing and implementing strategies for achieving the financial objectives
• managing funds raised from personal superannuation savings policies and unit trusts
• assisting in meeting superannuation compliance requirements
• directing the collection of financial, accounting and investment information and the preparation of budgets, reports, forecasts and statutory returns
• may refer clients to other organisations to obtain services outlined in financial plans

Skill Level

Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).

Registration or licensing may be required.

Occupations in this Group

• 222311 Financial Investment Adviser
• 222312 Financial Investment Manager