Explore Careers - Job Market Report
This unit group includes professional occupations in finance not elsewhere classified such as financial planners, financial examiners and inspectors, financial investigators, financial underwriters, mortgage brokers and trust officers. They are employed by banks, trust companies, investment firms and governments, or they may be self-employed.
credit unions examiner, estate and trust administrator, financial investigator, financial planner, financial underwriter, inspector, financial institutions, mortgage broker, trust officer.
- Financial planners develop personal financial plans for clients covering cash management, finances, insurance coverage, investments, retirement and estate planning, taxes and legal matters; analyze clients' financial records, set goals and develop a financial strategy; advise clients on implementing the financial plan to help them achieve their goals; may also arrange for the sale of financial products and investments depending on the licence held, and monitor the portfolio to ensure its quality and profitability; and help to expand business and attract new clients.
- Financial examiners and inspectors review and examine banks, trust companies, credit unions, caisses populaires, credit companies, real estate companies, insurance companies, pension funds, securities brokers and other financial services and institutions to ensure compliance with governing legislation and regulations.
- Financial investigators investigate possible unethical conduct or breaches of securities or commodity futures laws by persons or companies that trade in securities and commodity futures or that provide related financial services.
- Financial underwriters underwrite new issues of stocks and bonds, negotiate with corporations and governments to determine the type and terms of new securities issued and prepare offering prospectuses.
- Trust officers administer estate, personal, charitable, corporate and other types of trusts, direct trust account investments, receive and record investment income and disburse trust funds.
- Mortgage brokers meet with clients to obtain information about income, liabilities and assets, and type, price and condition of property to be mortgaged, and negotiate mortgage loans with lenders or lending institutions on behalf of clients.
Outlook & Prospects for Other Financial Officers in North Shore Region
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
Local Employment Potential Information
|Location||Employment Potential||Release Date|
|North Shore Region||(2 of 3 stars)||2011-06-07|
Currently the chances of qualified workers in this occupation finding employment are considered to be fair in the local area. Financial planners and mortgage brokers are the most common positions available locally for this occupational group. Employers advertised vacancies a number of times during 2010. Most bank branches offer financial planning services and products to customers creating demand for financial officers. There are also financial planning businesses throughout the local area including a number of individual practices. Self-employment in this occupation usually requires experience in the banking or investment field and various designations. Commonly requested certifications are Certified Financial Planner (CFP), Canadian Securities Course (CSC) or Professional Financial Planning Course (PFPC). Requirements in the banking field vary depending on the position being filled but sales skills are strongly emphasized in job advertisements. Remuneration is often commission or performance based.
An aging population may increase the demand for financial planning services, as more people prepare for retirement and estate planning. This trend is expected to continue as baby boomers continue to leave the workforce, with the first baby boomers turn sixty-five in 2011.
In addition to employment opportunities locally, opportunities may exist in other areas of the province or in other regions of the country. People who are able to work elsewhere may want to research opportunities for this occupation in other labour markets within Nova Scotia and across the country. The future employment outlook for workers in this occupation in Nova Scotia is expected to be fair over the next 5 years.
Additional information on workers in this occupation (opportunities in other areas, training, who hires, current job openings, statistics and other information), is available on other parts of this web site.
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