Financial Investment Advisers and Managers (ANZSCO 2223) are professionals who specialize in developing financial plans for individuals and organizations, as well as investing and managing funds on their behalf. They play a crucial role in helping clients achieve their financial goals and make informed investment decisions.

Indicative Skill Level:

Most occupations within the Financial Investment Advisers and Managers unit group require a certain level of skill, which can be obtained through qualifications and experience. In Australia, a Bachelor's degree or higher qualification is typically required, although relevant experience of at least five years may be accepted as a substitute. In New Zealand, a NZQF Diploma or three years of relevant experience is the minimum requirement. In some cases, additional on-the-job training and experience may be necessary alongside formal qualifications. It is important to note that registration or licensing is also required for this occupation.

Tasks Include:

• Interviewing prospective clients to assess their financial status and objectives, discussing financial options, and developing customized financial plans and investment strategies.
• Monitoring investment performance, regularly reviewing and revising investment plans based on changing needs and market conditions.
• Providing recommendations and arranging insurance coverage for clients.
• Executing stock and bond transactions on behalf of clients.
• Offering advice on investment strategies, sources of funds, and the distribution of earnings.
• Setting financial objectives and implementing strategies to achieve them.
• Managing funds raised from personal superannuation savings policies and unit trusts.
• Assisting with meeting superannuation compliance requirements.
• Overseeing the collection of financial, accounting, and investment information, as well as preparing budgets, reports, forecasts, and statutory returns.
• Referring clients to other organizations if additional services outlined in their financial plans are required.

Occupations:

• 222311 Financial Investment Adviser
• 222312 Financial Investment Manager

222311 Financial Investment Adviser

Alternative Title: Financial Planning Adviser

A Financial Investment Adviser, also known as a Financial Planning Adviser, is responsible for developing and implementing financial plans for individuals and organizations. They provide advice on investment strategies, including the taxation implications, as well as securities, insurance, pension plans, and real estate. Registration or licensing is required for this occupation.

Skill Level: 1 (Australia), 2 (New Zealand)

222312 Financial Investment Manager

Alternative Title: Portfolio Manager

A Financial Investment Manager, also referred to as a Portfolio Manager, is responsible for investing and managing sums of money and assets on behalf of others over a defined period of time. Their goal is to generate income and profit for their clients. Registration or licensing is required for this occupation.

Skill Level: 1 (Australia), 2 (New Zealand)

Specializations: Superannuation Funds Manager, Unit Trust Manager

Overall, Financial Investment Advisers and Managers play a crucial role in the financial industry, helping individuals and organizations make informed investment decisions and achieve their financial goals. Their expertise and knowledge are vital in navigating the complex world of finance and ensuring the best possible outcomes for their clients.