Personal Financial Advisors

Pre-Employment Tests For Personal Financial Advisors

Top Skills and Abilities:

  • Active Listening
  • Critical Thinking
  • Judgment and Decision Making
  • Deductive Reasoning
  • Inductive Reasoning

Top 3 Tasks:

  • 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.
  • Answer clients' questions about the purposes and details of financial plans and strategies.
  • Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.


Families and working professionals seek out personal financial advisors for guidance and to devise a long term financial roadmap. Personal financial advisors assist their clients in making sound investment decisions, planning for large expenditures such as college tuition, and becoming familiar with different financial products. Most personal financial advisors are employed by insurance companies or private investment firms. They are authorized to sell insurance, give tax advice, invest assets in the stock and bond markets, and make decisions regarding their clients' portfolios.


Personal financial advisors usually possess at least a bachelor's degree. Many choose to pursue a master's degree and additional certification in order to become more competitive. There is no strict education requirement for this position, resulting in advisors originating from a wide variety of backgrounds including: finance, law, economics, and business. Advisors who sell financial products also need to obtain the corresponding licenses. Personal financial advisors need to be adroit, effective communicators who have the ability to explain financial products and options in clear, understandable language. Good critical thinking skills and an aptitude for quantitative problem-solving is also helpful.

Assessments for Personal Financial Advisors

Many of Criteria Corp's customers in the financial services industry use two tests to evaluate prospective financial advisors. The first test is the Criteria Cognitive Aptitude Test (CCAT) which assesses problem-solving skills and the ability to learn, digest, and apply new information. The second is the Employee Personality Profile (EPP), which is a personality test that measures twelve personality traits that provide valuable insights into a person’s work styles and how they are likely to interact with clients, colleagues, and management. The EPP measures traits such as conscientiousness and agreeableness which are crucial for personal financial advisors who need to build trust with clients, work collaboratively with a team, and handle stress. 

If you're an employer interested in previewing these tests, start a 14-day free trial or book a consultation to learn more.

Source: U.S. Department of Labor


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