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Financial Advisor Invoice Template

A financial advisor invoice is given to clients who received financial advice, investment management, retirement planning, and many other financial services. Financial advisors (and planners) can work independently or with companies and firms of varying sizes and specifications. Creating informative and transparent invoices is essential to those that share investment advice due to the stringent requirements of federal, state, and planning board laws.

Table of Contents

What do Financial Advisors do?

In simple terms, a financial advisor helps clients plan for retirement and unforeseen life events. Financial advisors are adept at analyzing the current conditions of the market, making wise investment decisions, and counseling their clients on the suitable courses of action for long-term financial health. According to the United States Bureau of Labor and Statistics, some of the typical duties and responsibilities of financial planners and advisors include:

  • Explain the types of financial services they provide to potential clients;
  • Educate clients and answer questions about investment options and potential risks;
  • Recommend investments to clients or select investments on their behalf;
  • Research investment opportunities; and
  • Monitor client accounts and make changes as necessary to maximize the return from their investments.

Becoming a Financial Advisor

To become a full-time, certified financial advisor, an individual needs to earn a bachelor’s degree in an economic field, work an internship, and potentially earn advanced degrees. These steps are detailed further below.

  • College Education – Earning a degree should be considered mandatory – regardless of whether the individual desires to be a sole practitioner or work for a large or small financial firm, earning (or being in the process of earning) a degree opens the door to internships and further education and certifications. There is no single degree required for a career as an advisor. However, the closer the student’s course load is to business and economics, the better the knowledge will help them surpass future milestones.
    • Recommended Bachelor’s Degree: Finance, Business, Statistics, Accounting, or Economics
    • Length: Four (4+) years
  • Internship – Completing an internship gives current students or recent grads their first taste of the profession and the day-to-day lifestyle of those who work in the field. Further, it can open the door to employment with the interned firm and serve as resume-boosting experience, which employers often require. Internships can be found through college career services, via online postings, and word-of-mouth.
  • Entry-Level Job – A person can start applying to entry-level financial positions with a degree in hand and a margin of experience in the industry. With a strong resume and consistent networking, hopefuls should land a job in the industry.
  • Certifications – For aspiring financial advisors, landing a job is only a step in the right direction. To legally offer financial advice and follow standard fiduciary duty, a person must pass several registration exams. These include:

Financial Advisor Salary & Hourly Rate ($/hr)

  • Salary: $88,890/yr (source: BLS)
  • Hourly Rate: $42.73/hr (source: BLS)