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11102 - Financial Advisors

Broad Occupation Category

1 - Business, finance, and administration occupations.

TEER

1 - Occupations usually require a university degree.

Major Group

11 - Professional occupations in finance and business.

Sub-major Group

111 - Professional occupations in finance.

Minor Group

1110 - Auditors, accountants, and investment professionals.

Main Duties

Financial Advisors perform some or all of the following duties:

  • Develop comprehensive financial plans covering cash flow, insurance, investments, retirement, estate planning, and taxation
  • Analyze client financial records and define objectives
  • Recommend and help implement tailored financial strategies
  • Arrange purchases and sales of financial products subject to licensing
  • Monitor investment portfolios for performance and risk
  • Expand business networks and attract new clients

Employment Requirements

These are the typical employment requirements and benefits associated with this occupation in Canada:

  • A bachelor's degree in business administration, commerce, economics, or a related field is usually required.
  • The Certified Financial Planner (CFP) designation may be required.
  • Provincial licensing is required to sell regulated products such as RRSPs, annuities, and life insurance.
  • Mandatory certification as a Financial Planner is required in Quebec for certain roles.
  • Training programs through recognized financial institutes and organizations may be required by employers.
  • Many employers offer pension plans, medical and dental coverage, life insurance, paid leave, and employer contributions to pension and employment insurance programs.

Financial Advisors Salary Prospects

Community/AreaCanada
Low ($/hour)21.63
Median ($/hour)34.36
High ($/hour)62.50
Community/AreaAlberta
Low ($/hour)23.85
Median ($/hour)35.86
High ($/hour)61.97
Community/AreaBritish Columbia
Low ($/hour)22.15
Median ($/hour)37.02
High ($/hour)62.50
Community/AreaManitoba
Low ($/hour)19.50
Median ($/hour)31.28
High ($/hour)56.41
Community/AreaNew Brunswick
Low ($/hour)22.16
Median ($/hour)28.85
High ($/hour)44.62
Community/AreaNewfoundland and Labrador
Low ($/hour)19.23
Median ($/hour)28.15
High ($/hour)45.05
Community/AreaNorthwest Territories
Low ($/hour)29.10
Median ($/hour)43.54
High ($/hour)59.68
Community/AreaNova Scotia
Low ($/hour)19.23
Median ($/hour)28.46
High ($/hour)51.28
Community/AreaNunavut
Low ($/hour)32.39
Median ($/hour)48.40
High ($/hour)63.08
Community/AreaOntario
Low ($/hour)21.54
Median ($/hour)35.90
High ($/hour)68.38
Community/AreaPrince Edward Island
Low ($/hour)15.38
Median ($/hour)23.85
High ($/hour)37.95
Community/AreaQuebec
Low ($/hour)21.98
Median ($/hour)32.97
High ($/hour)56.04
Community/AreaSaskatchewan
Low ($/hour)22.60
Median ($/hour)36.92
High ($/hour)62.15
Community/AreaYukon Territory
Low ($/hour)26.94
Median ($/hour)46.01
High ($/hour)65.32

Want to know all the salary details? Visit our NOC page for 11102!

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