40 Financial Adviser Interview Questions With Sample Answers

By Indeed Editorial Team

Published 12 July 2022

The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.

Financial advisers assist clients in planning their financial goals. They discuss with their clients to understand and evaluate their needs and advise on the best ways to implement these plans. Learning possible interview questions and answers can help you excel in your financial adviser interviews. In this article, we list 40 financial adviser interview questions and provide sample answers.

General financial adviser interview questions

General financial adviser interview questions help the employer understand your personality to know if it suits the company culture. You can practise answers to these 10 questions:

  1. What motivates you?

  2. What are your strengths and weaknesses?

  3. What skills make you fit for the job?

  4. What's your most outstanding professional achievement?

  5. Do you prefer working independently or in a team?

  6. Where do you see yourself in the next five to 10 years?

  7. How did you hear about this position?

  8. What are your hobbies or interests outside of work?

  9. What's your definition of success?

  10. What type of work environment do you prefer?

Related: Common Interview Questions and Answers

Questions about experience and background

The hiring manager might ask these questions to learn more about your background and experience. Here are 10 questions you may encounter:

  1. Why did you choose to work in the finance industry?

  2. How do you prefer to communicate with your clients?

  3. What do you hope to gain from this position?

  4. What skills do you think you'll bring to this position?

  5. Can you mention your strengths and weaknesses?

  6. How long have you worked in the finance industry?

  7. How do you stay current on industry developments?

  8. Describe an obstacle in your finance career and explain how you overcame it.

  9. Describe one of your most significant accomplishments in a previous job role.

  10. Do you have any industry certifications?

In-depth financial interview questions

The following are some interview questions directly relating to the financial advisers' role:

  1. How do you develop investment strategies?

  2. Name one investment strategy and describe a time you used it.

  3. What guidelines for asset allocation do you recommend to your clients?

  4. What investment firms do you typically work with to manage a client's finances?

  5. What software do you use for financial planning?

  6. Why would I want to hire you as my financial adviser if I were a prospective client?

  7. How can you handle the situation if a client asks you to do something unethical?

  8. What kinds of financial investments do you choose most often for your clients?

  9. How do you measure financial success with your clients?

  10. How do you manage a situation where your interests may conflict with company principles?

Related: How to Become an Independent Financial Advisor

Financial adviser interview questions with sample answers

The following are sample financial adviser interview questions and answers to help you prepare for your interview:

1. What are the responsibilities of a financial adviser?

The i nterviewer may ask this question to assess your knowledge of this role. It's best to answer through your past work experiences. If you're a new graduate without previous experience, you can research on the roles and responsibilities of a financial supervisor while preparing for the interview.

Example: 'The responsibilities of a financial adviser include securing a new client for their company and assisting their clients in developing financial plans, which are dependent on their short and long-term goals. They also help clients execute strategies, monitor accounts and identify new opportunities.'

2. Why are you interested in this role?

The interviewer may ask this question to determine your motivation for applying for this position. The interviewer's objective is to understand if you're applying for the right reasons. Respond by explaining how passionate you are about helping others understand finance.

Example: 'Being in finance has always been my goal since my university days. After completing my master's degree programme, I was able to work as a financial planner for a startup business. During this period, I came to appreciate the role of a financial adviser in planning and executing strategies before I decided to delve into the career fully.'

3. What type of customers do you feel comfortable working with?

The interviewer may want to know if you can work with any client or if you have a preference. Your response could show the interviewer how you handle different types of people or businesses. When responding to the interviewer, highlight your ability to work in various situations.

Example: 'Besides being a financial adviser, I can extend my services to financial budgeting and planning. I've been fortunate enough to have worked with some corporations and handled the personal finances of individuals. I'm committed to providing the best appropriate service for every situation.'

4. Financial advisers are required to interact with clients regularly. Do you prefer calling clients over the phone or meeting with them personally?

The interviewer wants to understand how you communicate with your clients. Having good communication skills and being open to different communication methods is vital as clients may have preferences. Respond by letting the interviewer know that you're flexible and can communicate with whatever method the client prefers.

Example: 'Interacting with clients has never been an issue for me. I'm always eager to meet clients in whatever professional setting they may find comfortable, whether over the phone or in-person. My goal is for us to understand each other and get accurate information during discussions.'

5. Describe a challenging period in your career. How did you handle the situation?

The topic of finance can be sensitive. This question helps interviewers learn more about your skills and the way you handle pressure and conflicts.

Example: 'I've had several challenging times during my career, but one memorable event was with a client who wanted to start a business but didn't know how to handle the financial aspect. I spent weeks drafting a financial plan that could help the client make a profit from the initial capital investment in the business. I assessed the business model viability and outlined strategies to make the business profitable. The client appreciated my dedication and didn't hesitate to call whenever they needed a finance adviser.'

Related: How to Answer Situational Interview Questions

6. What would you do if your client wanted to make a risky investment?

One of the duties of a financial adviser is to guide clients to make the right financial decisions. The interviewer can ask this question to know your line of action if a client wants to make a risky investment.

Example: 'I've had cases where a client shared that they were looking to make risky investments but sought my counsel first. It's not good to dismiss an idea any client brings to my notice. Trying to understand them and then counsel them about the risk and return profile can help align their goals.'

7. Highlight your daily routine as a financial adviser.

The interviewer wants to know if you're aware of the financial adviser's daily routine. Respond by explaining what a financial adviser does every day from the beginning of the day.

Example: 'My daily routine includes administrative tasks, which involve updating clients' records, handling compliance reports and servicing clients. I also do financial planning for clients and source out new clients for the business.'

8. Would you be able to work under pressure, and how would you handle working in this condition?

One of the essential skills of a financial adviser is working under pressure. The interviewer wants to know what strategies you can apply while under pressure. You can respond by listing the steps you take to handle the pressure. Include previous experiences if you have any.

Example: 'I've been in this field for more than four years, so I'm aware of how vital it is to handle pressure. During the period I was working, there was a time when the workload was intense, with the stress of meeting up before deadlines. When situations like this arose, I found the need to keep myself calm and focus my thoughts on the current work.'

Related: Q&A: What Does a Financial Advisor Do?

9. Economic policies change from time to time. How does your role as a financial adviser prevent the company from getting in trouble?

The interviewer wants to assess your ability to adapt to changing economic conditions. So, it's essential to identify the present economic situation and evaluate it with the company's prospects.

Example: 'Every new financial year presents new challenges, where companies cope with changing government policies. To prevent the company from facing challenges during this period, I can research the current financial and economic conditions to predict the potential obstacles. This strategy would assist me in adapting to any forthcoming changes in the economy without putting my company's future at stake.'

Related: 5 Types of Interview Questions (With Sample Answers)

10. What would you do if a client refuses to take the advice you offered?

The interviewer wants to understand how you respond to challenging situations and if you possess the required soft skills. When answering this question, think of qualities like patience and understanding.

Example: 'My primary role as a financial adviser is to ensure my clients are on track to achieving their financial goals. My responsibility is to act as a guide and adviser, doing all the necessary research to ensure I'm guiding my client on the proper steps to take. In a situation where my client refuses my advice, I'll listen to them to understand the reason for their stance. Then together, we can think of a solution to mitigate risks that may arise.'

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