102-Financial and investment advisers

Job Title: 

Financial and investment advisers

Job Description: 

Financial and investment advisers develop financial plans for individuals and organizations, and invest and manage funds on their behalf.

Summary: 

Financial and investment advisers/planners develop, provide advice and/or implement financial plans for their clients. Some of the areas a financial planner will advise on are: retirement planning, superannuation, debt management, insurance and risk, estate planning, managed investments, securities and futures markets. Financial planners may also specialize in such areas as: ethical investments, loans and mortgage advice, customs and taxation advice and more. Maybe required to be licensed, registered or certified to be permitted to work by a government authority, agency or approved certifying body.

Tasks: 

Job activities and tasks include:

  • building and maintaining a client base
  • interviewing clients to determine financial status and objectives, risk tolerance and other information needed to develop financial plans and investment strategies
  • setting financial objectives, and developing and implementing strategies for achieving the financial objectives
  • arranging to buy and sell stocks and bonds for clients
  • monitoring investment performance, and reviewing and revising investment plans based on modified needs and changes in markets
  • recommending and arranging insurance cover for clients
Knowledge: 

Knowledge of laws, regulations, standards and codes of the UAE and specific Emirates related to the industry sector and more general subjects including OHSE and cultural understanding and awareness

  • Using mathematics to solve problem
  • Using scientific rules and methods to solve problems
  • Solving and identifying problems and reviewing related information to develop and evaluate options and implement solutions
  • Using of proprietary and general health software applications and management information systems
  • Strong selling skills
  • Actively looking for ways to help people
  • Monitoring/Assessing performance of oneself, other individuals, or organizations to make improvements or take corrective action
  • Flexibility to work effectively in a variety of situations and adapt to new ways of doing things
  • Considering the relative costs and benefits of potential actions to choose the most appropriate one
  • Communicating effectively in writing as appropriate for the needs of the audience including understanding written sentences and paragraphs in work related documents
  • Information Communications Technology - Knowledge and use of relevant industry sector IT applications and programs
  • Time Management - Managing one?s own time and the time of others
  • Team work or individual - job may require him to work alone or in conjunction with other support or related personnel
    • Work Context: 

    Work in offices, work from their own homes, or may travel locally to visit clients? homes.

    Education: 

    Bachelor degree in finance or business administration or related field of work/discipline, higher qualification or equivalent.

    Required Work Experience: 

    5 years and above.

    Probable Employers: 

    Hilal Bank, Abu Dhabi Commercial Bank, First Gulf Bank, Masdar, Dubai International Finance Centre, ACUMA

    Occupational Size: 
    Less than 5,000
    Expected Earnings: 

    Industry average

    Projected Growth: 
    Good
    Alternate Titles: 

    Examples of job titles:
    Estate planner - Financial planner - Investment adviser
    Examples of some related occupations:
    Financial dealer/trader - Financial institution branch manager - Insurance broker - Financial advisor - Portfolio manager - Financial planner - Account executive - Registered representative - Investment advisor - Financial consultant - Financial counsellor - Analyst - Certified financial planner (CFP) - Accountant - Actuary - Auditor - Banker - Insurance investigator

    UAE Industry Groups: 
    Business, administration, tourism, retail and leisure service
    International Careers(ISCO): 
    Similar O*NET Careers (USA) : 
    Source Of Info: 
    Occupations and Careers Handbook for UAE Nationals(Copyright NQA ). Referenced from New York University, Abu Dhabhi