Does your role fit Financial Investment Adviser 222311?
Financial Investment Advisers develop and implement financial plans for clients and advise on investment strategies and related matters such as risk, taxation, insurance, pensions and property. The centre of the occupation is tailored advice and planning for clients—not simply working in financial services.
VETASSESS also accepts titles such as financial planning adviser, paraplanner and associate adviser where the actual work reaches the required professional level and remains closely related to the occupation.
What the occupation covers
- establishing a client's financial position, needs and objectives;
- developing and reviewing financial plans or investment strategies;
- performing risk profiling and explaining investment options;
- monitoring portfolios and revising advice when circumstances change; and
- advising on related insurance, retirement, taxation or estate-planning issues.
What VETASSESS looks for
VETASSESS treats this as a Group B occupation and examines both qualification level and employment relevance. Highly relevant study can include finance, financial planning, economics, econometrics, actuarial studies, accounting, business or commerce, with different employment pathways where the major is not highly relevant.
Research-only roles and work focused mainly on selling financial products are not considered highly relevant. Evidence should show tailored advice, financial plans or strategies and a real client portfolio. Licensing in the country of employment, or work within a licensed advice organisation, helps establish the professional context.
Visa-list results are pathway filters
The STSOL result supports state-nominated subclass 190 and state-nominated subclass 491 occupation-list access, but not subclass 189. The CSOL result explains the displayed 482 and 186 employer-sponsored matches. The ROL and training-list results relate to subclass 494 and 407 respectively.
These are occupation-level filters. They do not establish a client-advice role, Australian adviser registration, an employer nomination or state eligibility.
Common mistakes to avoid
- Claiming research, product sales or customer service as financial planning and advice.
- Using this code for a fund manager whose work lacks individual client relationships and tailored advice.
- Assuming a VETASSESS migration assessment authorises the person to provide regulated financial advice in Australia.
- Reading STSOL membership as subclass 189 availability.