# Personal Financial Advisors > 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. - Code: 13-2052.00 (O*NET-SOC; SOC 2018 13-2052) - Family: [Business & Financial](https://foundation.org.ai/occupations#family-13), one of its 50 occupations - Tasks: 21 tasks (17 core and 4 supplemental) - Page: https://foundation.org.ai/occupations/13-2052.00 - JSON: https://foundation.org.ai/data/tasks/13-2052.00.json ## What the work is made of 1. Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan. Core task · Task 12907 · Rated by 26 occupational experts, August 2024 2. Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives. Core task · Task 12904 · Rated by 26 occupational experts, August 2024 3. Answer clients' questions about the purposes and details of financial plans and strategies. Core task · Task 12905 · Rated by 26 occupational experts, August 2024 4. Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment. Core task · Task 20183 · Rated by 26 occupational experts, August 2024 5. Manage client portfolios, keeping client plans up-to-date. Core task · Task 20184 · Rated by 26 occupational experts, August 2024 6. Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals. Core task · Task 20182 · Rated by 26 occupational experts, August 2024 7. Recommend financial products, such as stocks, bonds, mutual funds, or insurance. Core task · Task 20189 · Rated by 26 occupational experts, August 2024 8. Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation. Core task · Task 12909 · Rated by 26 occupational experts, August 2024 9. Contact clients periodically to determine any changes in their financial status. Core task · Task 12915 · Rated by 26 occupational experts, August 2024 10. Prepare or interpret for clients information, such as investment performance reports, financial document summaries, or income projections. Core task · Task 12913 · Rated by 26 occupational experts, August 2024 11. Explain to clients the personal financial advisor's responsibilities and the types of services to be provided. Core task · Task 20186 · Rated by 26 occupational experts, August 2024 12. Investigate available investment opportunities to determine compatibility with client financial plans. Core task · Task 20187 · Rated by 25 occupational experts, August 2024 13. Guide clients in the gathering of information, such as bank account records, income tax returns, life and disability insurance records, pension plans, or wills. Core task · Task 12914 · Rated by 26 occupational experts, August 2024 14. Monitor financial market trends to ensure that client plans are responsive. Core task · Task 20188 · Rated by 26 occupational experts, August 2024 15. Recruit and maintain client bases. Core task · Task 20185 · Rated by 25 occupational experts, August 2024 16. Meet with clients' other advisors, such as attorneys, accountants, trust officers, or investment bankers, to fully understand clients' financial goals and circumstances. Core task · Task 12916 · Rated by 26 occupational experts, August 2024 17. Devise debt liquidation plans that include payoff priorities and timelines. Core task · Task 12917 · Rated by 26 occupational experts, August 2024 18. Open accounts for clients, and disburse funds from accounts to creditors as agent for clients. Supplemental task · Task 12918 · Rated by 26 occupational experts, August 2024 19. Inform clients about tax benefits, government rebates, or other financial benefits of alternative-fuel vehicle purchases or energy-efficient home construction, improvements, or remodeling. Supplemental task · Task 19570 · Rated by 26 occupational experts, August 2024 20. Recommend environmentally responsible investments, such as cleantech, alternative energy, or conservation technologies, companies, or funds. Supplemental task · Task 19571 · Rated by 26 occupational experts, August 2024 21. Conduct seminars or workshops on financial planning topics, such as retirement planning, estate planning, or the evaluation of severance packages. 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