We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Does a Financial Planning Assistant Do?

By C. Mitchell
Updated Mar 03, 2024
Our promise to you
Practical Adult Insights is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At Practical Adult Insights, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A financial planning assistant primarily provides support to more senior financial planners, often in the form of research, drafting, and the completion of rote tasks. In nearly all cases, a financial planning assistant is something of a junior associate in a planning firm. The job is that of an entry-level consultant: assistants often have the training to be full-fledged planners in their own right, but lack the experience. It is in the assistant role that young professionals learn the ins and outs of investment strategy and learn to take on and manage clients of their own.

Although the term can have many connotations, “financial planning” in a job context usually refers to professional money management and investment counseling services. Financial planners act as advisers, helping people and corporations to make good financial decisions. Some are focused more on investments, while others work on basic budgeting and money savings strategies. In all cases, professionals need a lot of training. Assistant jobs are often planners' first jobs out of school.

Different planning firms run their hiring programs differently, but there are usually two main types of financial planning assistant jobs: assistants who work on teams, often collecting information for various projects at once, and those that work directly for more senior planners, often in something of a mentorship or direct training relationship. In either case, the financial planning assistant duties are similar. Assistants work on learning the trade, and understanding the company’s policies and practices.

A lot of the financial planning assistant job depends on observation. The assistant, true to title, is usually charged with assisting other more senior planners. This often involves reading through client files, researching various options, and collecting information on different planning strategies. Assistants usually sit in on meetings with clients, but rarely ever have clients of their own. Their main job function is to learn the nuances of a certain kind of financial planning.

Though assistants are generally considered junior-level employees, they must usually be fully qualified, educationally speaking, for promotion to independent planner. A degree in finance or accounting is almost always one of the core requirements. An interest in or some experience with a given firm’s main planning areas is also helpful.

The assistant position gives new graduates a chance to hone their skills and develop a niche. Financial planning is a broad discipline, and can be hard to break into even with specialized education. Rules, protocol, and conventions vary tremendously by jurisdiction, and even within jurisdiction, by discipline. Planning strategies for a company are different than those for a family, for instance, just as small businesses have different planning needs than charity groups. Many planners accept assistant jobs as a way to further their education in a specific area.

Practical Adult Insights is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
Practical Adult Insights, in your inbox

Our latest articles, guides, and more, delivered daily.

Practical Adult Insights, in your inbox

Our latest articles, guides, and more, delivered daily.