Financial Planner Business & Administration Professionals
SaveWhat Does a Financial Planner Do?
Financial planners assist people dealing with various personal financial issues. They are specialised in financial planning, such as retirement planning, investment planning, risk management and insurance planning, and tax planning. They advise a strategy tailored to the client's needs. They ensure the accuracy of bank and other financial records while maintaining a customer-orientated approach and following ethical standards.
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Investment Analysis
The methods and tools for analysis of an investment compared to its potential return. Identification and calculation of profitability ratio and financial indicators in relation to associated risks to guide decision on investment.
These are common skills for this role, based on a European framework. Requirements vary between jobs, including in the UK. Real-world experience matters more than ticking every box - use this as a guide, not a checklist.
Skills You Need to Become a Financial Planner
Essential Skills
Essential Skills
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EssentialInvestment Analysis knowledge
The methods and tools for analysis of an investment compared to its potential return. Identification and calculation of profitability ratio and financial indicators in relation to associated risks to guide …
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EssentialModern Portfolio Theory knowledge
The theory of finance that attempts to either maximise the profit of an investment equivalent to the risk taken or to reduce the risk for the expected profit of an …
Recommended Books
1 book -
EssentialBanking Activities knowledge
The broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, foreign exchange trading, commodity …
Recommended Books
1 book -
EssentialCustomer Service knowledge
Processes and principles related to the customer, client, service user and to personal services; these may include procedures to evaluate customer's or service user's satisfaction.
No book recommendations available yet.
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EssentialFinancial Forecasting knowledge
The tool used in performing fiscal financial management to identify revenue trends and estimated financial conditions.
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EssentialEconomics knowledge
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
No book recommendations available yet.
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EssentialFinancial Markets knowledge
The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.
No book recommendations available yet.
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EssentialAdvise On Financial Matters skill
Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.
Course recommendations coming soon.
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EssentialApply Technical Communication Skills skill
Explain technical details to non-technical customers, stakeholders, or any other interested parties in a clear and concise manner.
Course recommendations coming soon.
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EssentialAssess Risks Of Clients' Assets skill
Identify, evaluate and determine the actual and potential risks of your clients' assets, considering confidentiality standards.
Course recommendations coming soon.
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EssentialBudget For Financial Needs skill
Observe the status and availability of funds for the smooth running of projects or operations in order to foresee and estimate the quantity of future financial resources.
Course recommendations coming soon.
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EssentialCreate A Financial Plan skill
Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.
Course recommendations coming soon.
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EssentialHandle Financial Transactions skill
Administer currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.
Course recommendations coming soon.
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EssentialIdentify Customer's Needs skill
Use appropriate questions and active listening in order to identify customer expectations, desires and requirements according to product and services.
Course recommendations coming soon.
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EssentialInterpret Financial Statements skill
Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the …
Course recommendations coming soon.
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EssentialObtain Financial Information skill
Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.
Course recommendations coming soon.
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EssentialOffer Financial Services skill
Provide a broad range of financial services to clients such as assistance with financial products, financial planning, insurances, money and investment management.
Course recommendations coming soon.
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EssentialProvide Financial Product Information skill
Give the customer or client information about financial products, the financial market, insurances, loans or other types of financial data.
Course recommendations coming soon.
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EssentialProvide Support In Financial Calculation skill
Provide colleagues, clients or other parties with financial support for complex files or calculations.
Course recommendations coming soon.
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EssentialReview Investment Portfolios skill
Meet with clients to review or update an investment portfolio and provide financial advice on investments.
Course recommendations coming soon.
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EssentialSynthesise Financial Information skill
Collect, revise and put together financial information coming from different sources or departments in order to create a document with unified financial accounts or plans.
Course recommendations coming soon.
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EssentialAnalyse The Credit History Of Potential Customers skill
Analyse the payment capacity and credit history of potential customers or business partners.
Course recommendations coming soon.
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EssentialMaintain Credit History Of Clients skill
Create and maintain the credit history of clients with relevant transactions, supporting documents, and details of their financial activities. Keep these documents updated in case of analysis and disclosure.
Course recommendations coming soon.
Optional Skills (5 of 44 displayed)
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OptionalFinancial Management knowledge
The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of …
Recommended Books
5 books -
OptionalForeign Valuta knowledge
The currencies of different countries such as the euro, dollar or yen including their exchange rate and the methods of currency conversion.
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OptionalAccounting Techniques knowledge
The techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.
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OptionalStock Market knowledge
The market in which shares of publicly held companies are issued and traded.
Recommended Books
3 books -
OptionalMortgage Loans knowledge
The financial system of acquiring money by property owners or prospective property owners, in which the loan is secured on the property itself so that the property can be repossessed …
Recommended Books
1 book -
OptionalBusiness Loans knowledge
Loans which are intended for business purposes and which can either be secured or unsecured depending on whether a collatoral is involved. The different types of business loans such as …
No book recommendations available yet.
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OptionalDebt Systems knowledge
The processes needed to obtain goods or services before payment and when a sum of money is owed or overdue.
No book recommendations available yet.
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OptionalFinancial Jurisdiction knowledge
Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
No book recommendations available yet.
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OptionalFinancial Products knowledge
The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.
No book recommendations available yet.
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OptionalPrinciples Of Insurance knowledge
Understand the principles of insurance, including third party liability, stock and facilities.
No book recommendations available yet.
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OptionalReal Estate Market knowledge
The trends concerning the buying, selling, or renting of property, including the land, buildings, and natural resources encompassed within the property; the categories of residential properties and properties for business …
No book recommendations available yet.
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OptionalSecurities knowledge
The financial instruments traded in financial markets representing both the right of property over the owner and at the same time, the obligation of payment over the issuer. The aim …
No book recommendations available yet.
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OptionalTax Legislation knowledge
Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.
No book recommendations available yet.
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OptionalTypes Of Insurance knowledge
The various types of risk or loss transfer policies that exist and their characteristics, such as health insurance, car insurance or life insurance.
No book recommendations available yet.
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OptionalTypes Of Pensions knowledge
The types of monthly sums paid to someone in retirement, such as employment-based pensions, social and state pensions, disability pensions and private pensions.
Recommended Books
1 book -
OptionalAdvise On Investment skill
Assess the customer's economic goals and advise on the possible financial investments or capital investments to promote wealth creation or safeguarding.
Course recommendations coming soon.
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OptionalAdvise On Tax Planning skill
Advise on appropriate strategies to include taxes in the overall financial plan in order to reduce the tax load. Advise on questions related to tax legislation and provide advise on …
Course recommendations coming soon.
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OptionalAnalyse Business Objectives skill
Study data according to business strategies and objectives and make both short-term and long-term strategic plans.
Course recommendations coming soon.
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OptionalAnalyse Financial Performance Of A Company skill
Based on accounts, records, financial statements and external information of the market, analyse the performance of the company in financial matters in order to identify improvement actions that could increase …
Course recommendations coming soon.
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OptionalAnalyse Financial Risk skill
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
Course recommendations coming soon.
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OptionalAnalyse Insurance Needs skill
Gather information about the insurance needs of a client, and give information and advice about all possible insurance options.
Course recommendations coming soon.
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OptionalAnalyse Loans skill
Examine and analyse the loans provided to organisations and individuals through different forms of credit such as overdraft protection, export packing credit, term loan, and purchase of commercial bills.
Course recommendations coming soon.
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OptionalAnalyse Market Financial Trends skill
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
Course recommendations coming soon.
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OptionalCommunicate With Banking Professionals skill
Communicate with professionals in the field of banking in order to obtain information on a specific financial case or project for personal or business purposes, or on behalf of a …
Course recommendations coming soon.
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OptionalConsult Credit Score skill
Analyse the credit files of an individual, such as credit reports which outlines a person's credit history, in order to assess their creditworthiness and all the risks that would be …
Course recommendations coming soon.
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OptionalDevelop Investment Portfolio skill
Create an investment portfolio for a customer that includes an insurance policy or multiple policies to cover specific risks, such as financial risks, assistance, reinsurance, industrial risks or natural and …
Course recommendations coming soon.
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OptionalDisseminate Information On Tax Legislation skill
Provide advise on the possible implications for companies or individuals on decisions regarding tax declaration based on tax legislation. Advise on the favourable tax strategies that could be followed depending …
Course recommendations coming soon.
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OptionalGuarantee Customer Satisfaction skill
Handle customer expectations in a professional manner, anticipating and addressing their needs and desires. Provide flexible customer service to ensure customer satisfaction and loyalty.
Course recommendations coming soon.
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OptionalMaintain Records Of Financial Transactions skill
Collate all the financial transactions done in the daily operations of a business and record them in their respective accounts.
Course recommendations coming soon.
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OptionalManage Financial Risk skill
Predict and manage financial risks, and identify procedures to avoid or minimise their impact.
Course recommendations coming soon.
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OptionalOperate Financial Instruments skill
Work with financial instruments such as stocks, bonds, mutual funds and derivatives.
Course recommendations coming soon.
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OptionalProtect Client Interests skill
Protect the interests and needs of a client by taking necessary actions, and researching all possibilities, to ensure that the client obtains their favoured outcome.
Course recommendations coming soon.
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OptionalValue Properties skill
Examine and evaluate land and buildings in order to make valuations about their price.
Course recommendations coming soon.
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OptionalAssess Debtor's Financial Situation skill
Assess the defaulter's pecuniary circumstances by evaluating the personal income and expenses, and the balance sheet which includes the value of the house, bank account, car and other assets.
Course recommendations coming soon.
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OptionalAssist In Loan Applications skill
Assist clients with filling out and managing their applications for loans by providing them with practical assistance, such as provision of relevant documentation and instruction on the process, and other …
Course recommendations coming soon.
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OptionalAssist In Will Writing skill
Help people to write their will in order to define how assets such as estate, businesses, savings and life insurance are divided after the individual has passed away.
Course recommendations coming soon.
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OptionalCalculate Benefits skill
Calculate the benefits which the people connected to the organisation are entitled to, such as employees or retired people, using the information of the person and the interplay between governmental …
Course recommendations coming soon.
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OptionalCollect Financial Data skill
Gather, organise, and combine financial data for their interpretation and analysis in order to predict possible financial scenarios and performance of a company or project.
Course recommendations coming soon.
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OptionalCompose Real Estate Contract skill
Create a contract between two parties for the purchase, sale or rental of real estate. Make sure the real estate contract and the specifications comply with the legal requirements and …
Course recommendations coming soon.
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OptionalCreate Banking Accounts skill
Open new banking accounts such as a deposit account, a credit card account or a different type of account offered by a financial institution.
Course recommendations coming soon.
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OptionalInform On Interest Rates skill
Inform prospective borrowers on the rate at which compensation fees for use of assets, such as borrowed money, is paid to the lender, and at which percentage of the loan …
Course recommendations coming soon.
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OptionalManage Pension Funds skill
Manage the sums of money which individuals or organisations pay across a timespan of many years which will ensure they acquire many benefits in retirement. Ensure the amounts paid are …
Course recommendations coming soon.
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OptionalMonitor Loan Portfolio skill
Control the ongoing credit commitments in order to detect anomalies related to the schedules, refinancing, approval limits etc., and to identify improper disbursements.
Course recommendations coming soon.
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OptionalSell Insurance skill
Sell insurance products and services to customers, such as health, life or car insurance.
Course recommendations coming soon.