What Do Investment Consultants Do?
Wondering what the job is really like for investment consultants?
You've come to the right place.
Keep reading to find detailed information about what investment consultants do, including the type of work they are tasked with on a daily basis, industries in which they work, and the specific skills needed for a successful career.
Investment Consultants Overview & Description
Let's get started with the basics about investment consultants by taking a look at a simple description and popular job titles.
Investment Consultants 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. May also buy and sell financial assets for clients.
Popular Job Titles For Investment Consultants
Sample of Reported Job Titles
- Financial Advisors
- Financial Consultants
- Financial Counselors
- Financial Investment Advisors
- Financial Solutions Advisors
- Wealth Advisors
- Investment Consultants
- Financial Relationship Consultants
- Financial Planners
- Patient Financial Counselors
- Private Client Advisors
- Client Advisors
Read on for insight into the industries where the highest concentration of jobs for investment consultants can be found.
Best Industries for Investment Consultants
Investment Consultants Jobs By Industry
- Other Financial Investment Activities: 38.7%
- Securities and Commodity Contracts Intermediation and Brokerage: 32.1%
- Depository Credit Intermediation: 15.2%
- Agencies, Brokerages, and Other Insurance Related Activities: 3.4%
- Activities Related to Credit Intermediation: 2.8%
- Management of Companies and Enterprises: 1.3%
- Other: 6.5%
When it comes to jobs in the United States, the largest single category of investment consultants can be found working in the Other Financial Investment Activities sector. In 2022, about 38.7% of all jobs for investment consultants were found there.
Other top industries by percentage include Securities and Commodity Contracts Intermediation and Brokerage (32.1%), Depository Credit Intermediation (15.2%), Agencies, Brokerages, and Other Insurance Related Activities (3.4%), Activities Related to Credit Intermediation (2.8%) and Management of Companies and Enterprises (1.3%).
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What Do Investment Consultants Do on a Daily Basis?
So you have a high-level understanding of what investment consultants do and the types of industries in which they work - but what do they really do each day?
A great way to understand the type of work investment consultants do is to examine actual job postings and focus on the specific skills that employers are seeking. That will help paint a clearer picture of the tasks that investment consultants tackle each day.
Continue reading for a breakdown of specialized skills found in job postings for investment consultants, as well as common skills - interpersonal qualities and attributes - that can help you thrive in the workplace.
In-Demand Skills for Today's Investment Consultants
Based on 89,729 job postings
Top 5 Specialized Skills for Investment Consultants
| Skills | Postings | % of Total Postings |
|---|---|---|
| Financial Services | 34,066 | 38% |
| Investments | 29,057 | 32% |
| Finance | 17,967 | 20% |
| Financial Planning | 17,182 | 19% |
| Marketing | 15,154 | 17% |
Top 5 Common Skills for Investment Consultants
| Skills | Postings | % of Total Postings |
|---|---|---|
| Communications | 35,804 | 40% |
| Sales | 29,803 | 33% |
| Customer Service | 26,021 | 29% |
| Management | 18,935 | 21% |
| Planning | 18,187 | 20% |
Based on 89,729 job postings related to investment consultants, financial services was the top specialized skill sought by employers, with 38% of all postings looking for that skillset. Skills for investments, finance, financial planning, marketing and accounting were also highly sought.
As for common skills, communications was the most desired skill found in job postings for investment consultants, followed by sales, customer service, management, planning and leadership.
| Skill | Postings | % of Total Postings |
|---|---|---|
| Financial Services | 34,066 | 38% |
| Investments | 29,057 | 32% |
| Finance | 17,967 | 20% |
| Financial Planning | 17,182 | 19% |
| Marketing | 15,154 | 17% |
| Accounting | 14,598 | 16% |
| Sales Prospecting | 14,491 | 16% |
| Wealth Management | 11,683 | 13% |
| Financial Industry Regulatory Authorities | 10,950 | 12% |
| Customer Relationship Management | 10,891 | 12% |
| Auditing | 9,538 | 11% |
| Securities (Finance) | 9,450 | 11% |
| Due Diligence | 8,520 | 9% |
| Business Development | 7,661 | 9% |
| Financial Market | 7,011 | 8% |
| Billing | 6,174 | 7% |
| Loans | 5,952 | 7% |
| Financial Analysis | 5,032 | 6% |
| Banking | 4,485 | 5% |
| Customer Acquisition Management | 4,368 | 5% |
| Skill | Postings | % of Total Postings |
|---|---|---|
| Communications | 35,804 | 40% |
| Sales | 29,803 | 33% |
| Customer Service | 26,021 | 29% |
| Management | 18,935 | 21% |
| Planning | 18,187 | 20% |
| Leadership | 17,490 | 19% |
| Presentations | 15,217 | 17% |
| Coaching | 14,660 | 16% |
| Self-Motivation | 12,729 | 14% |
| Multitasking | 12,172 | 14% |
| Detail Oriented | 12,119 | 14% |
| Computer Literacy | 11,323 | 13% |
| Interpersonal Communications | 11,080 | 12% |
| Problem Solving | 10,841 | 12% |
| Writing | 10,365 | 12% |
| Research | 9,774 | 11% |
| Microsoft Excel | 9,407 | 10% |
| Teamwork | 8,503 | 9% |
| Mentorship | 8,302 | 9% |
| Operations | 7,867 | 9% |
Most In-Demand Jobs for Investment Consultants
Top 5 Posted Job Titles
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Financial Advisors | 37,994 | 22.2% |
| Financial Consultants | 18,517 | 10.8% |
| Financial Counselors | 11,397 | 6.7% |
| Financial Investment Advisors | 13,606 | 8% |
| Financial Solutions Advisors | 12,177 | 7.1% |
According to job postings that were published between September 2021 and August 2022, the top job sought by employers was financial advisors, with 13,357 unique job postings. Financial consultants were second, with 4,266 postings, followed by financial counselors, financial investment advisors and financial solutions advisors.
Expand the section below to see unique job postings for all occupations related to investment consultants.
| Job Title | Postings | % of Total Postings |
|---|---|---|
| Financial Advisors | 37,994 | 22.2% |
| Financial Consultants | 18,517 | 10.8% |
| Financial Counselors | 11,397 | 6.7% |
| Financial Investment Advisors | 13,606 | 8% |
| Financial Solutions Advisors | 12,177 | 7.1% |
| Wealth Advisors | 7,288 | 4.3% |
| Investment Consultants | 6,353 | 3.7% |
| Financial Relationship Consultants | 8,258 | 4.8% |
| Financial Planners | 8,281 | 4.8% |
| Patient Financial Counselors | 4,953 | 2.9% |
| Private Client Advisors | 5,137 | 3% |
| Client Advisors | 3,492 | 2% |
| Financial Coordinators | 4,041 | 2.4% |
| Financial Professionals | 4,830 | 2.8% |
| Wealth Management Advisors | 4,766 | 2.8% |
| Patient Experience Advisors | 7,097 | 4.2% |
| SAP Financial Consultants | 3,382 | 2% |
| Advisors | 2,321 | 1.4% |
| Wealth Planners | 5,077 | 3% |
| Pre-Planning Advisors | 1,853 | 1.1% |
Additional Links
Ready to dig deeper into career information for investment consultants? Visit our other pages focused on salary and education for investment consultants.
How much do investment consultants make?
Investment Consultants: How do you become one?
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