Can Accountants Also Work as Financial Advisors?AFO|Wealth Management Forward
Can Accountants Also Work as Financial Advisors?
CPAs and Financial Advisors are two varied career paths in different industries. While the accounting specialty focuses more on completing firm-side functions such as auditing, account analysis, and financial statement analysis, financial advisors focus more on client-side functions such as providing financial advice and assistance to clients in the estate planning, tax planning, and investment industries.
Becoming a financial advisor or accountant typically requires at least a bachelor’s degree. An education in economics, finance, accounting, or business prepares professionals to pursue personal financial advisor jobs.
- American Institute of CPAs. “Getting Started.” https://us.aicpa.org/becomeacpa/gettingstarted.html
- American Institute of CPAs. “150 Hour Requirement for Obtaining a CPA License.”. Accessible From: https://us.aicpa.org/becomeacpa/licensure/requirements
- CFP Board. “The Certification Process.”. Accessible From: https://www.cfp.net/get-certified/certification-process
- Payscale. “Average Financial Planner Salary.”. Accessible From: https://www.payscale.com/research/US/Job=Financial_Planner/Salary
- U.S. Bureau of Labor Statistics. “Accountants and Auditors.”. Accessible From: https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm
- U.S. Bureau of Labor Statistics. “Personal Financial Advisors.”. Accessible From: https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm