2223 Financial Investment Advisers and Managers

Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

In Australia:

• Bachelor degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification (ANZSCO Skill Level 1)

In New Zealand:

• NZQF Diploma, or at least three years of relevant experience (ANZSCO Skill Level 2)

In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

Registration or licensing is required.

• 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

• 222311 Financial Investment Adviser
• 222312 Financial Investment Manager

Alternative Title:

• Financial Planning Adviser

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 is required.

Skill Level:

• 1 Australia
• 2 New Zealand

Alternative Title:

• Portfolio Manager

Invests and manages sums of money and assets on behalf of others over an agreed period of time, in order to generate income and profit. Registration or licensing is required.

Skill Level:

• 1 Australia
• 2 New Zealand

Specialisations:

• Superannuation Funds Manager
• Unit Trust Manager