Table 1Transition record

financial plannertostock broker

A financial planner already meets 70% of what the stock broker role asks for. The move turns on 4 required skills not yet in the profile.

From financial planner

70%

Overlap1

To stock broker

24 Skills carried over

4 Required, not held

33.5 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 33.5

This move: 33.5 of 100 · moderate

1 Share of the stock broker role’s weighted skill requirement already met by the financial planner profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 24 skills that carry over, these are the ones fewest other occupations ask for. A stock broker role needs them, and most people applying for one will not have them already. This is the part of a financial planner background worth leading with.

Skill the target role also needs Area

already held assess risks of clients' assets information skills
already held operate financial instruments management skills
already held provide financial product information communication, collaboration and creativity
already held modern portfolio theory business, administration and law
already held provide support in financial calculation information skills
already held stock market business, administration and law

All 24 carried skills, including the 14 the stock broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 14 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 information skills 1 required, 4 supplementary

required, not held forecast economic trends required

optional, not held create a financial report optional
optional, not held examine credit ratings optional
optional, not held perform stock valuation optional
optional, not held trace financial transactions optional

02 business, administration and law 1 required, 3 supplementary

required, not held asset management required

optional, not held fundamental analysis optional
optional, not held holding company activities optional
optional, not held accounting optional

03 communication, collaboration and creativity 1 required, 2 supplementary

required, not held trade securities required

optional, not held build business relationships optional
optional, not held communicate with customers optional

04 natural sciences, mathematics and statistics 1 required, 1 supplementary

required, not held actuarial science required

optional, not held statistics optional

Table 4

Table 4 · Where to start

The 3 entries a stock broker role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 24 skills that carry over

Skill Type

already held advise on financial matters skill
already held analyse financial risk skill
already held analyse market financial trends skill
already held apply technical communication skills skill
already held assess risks of clients' assets skill
already held economics knowledge
already held financial markets knowledge
already held financial products knowledge
already held handle financial transactions skill
already held modern portfolio theory knowledge
already held protect client interests skill
already held review investment portfolios skill
already held securities knowledge
already held stock market knowledge
already held banking activities knowledge
already held communicate with banking professionals skill
already held financial jurisdiction knowledge
already held maintain records of financial transactions skill
already held manage financial risk skill
already held obtain financial information skill
already held operate financial instruments skill
already held provide financial product information skill
already held provide support in financial calculation skill
already held tax legislation knowledge

10 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held create a financial report optional
optional, not held fundamental analysis optional
optional, not held holding company activities optional
optional, not held accounting optional
optional, not held build business relationships optional
optional, not held communicate with customers optional
optional, not held examine credit ratings optional
optional, not held perform stock valuation optional
optional, not held statistics optional
optional, not held trace financial transactions optional

43 held skills the stock broker role does not ask for

Skill Type

not needed by the target role accounting techniques knowledge
not needed by the target role advise on investment skill
not needed by the target role advise on tax planning skill
not needed by the target role analyse business plans skill
not needed by the target role analyse financial performance of a company skill
not needed by the target role analyse insurance needs skill
not needed by the target role analyse loans skill
not needed by the target role analyse the credit history of potential customers skill
not needed by the target role assess debtor's financial situation skill
not needed by the target role assist in loan applications skill
not needed by the target role assist in will writing skill
not needed by the target role budget for financial needs skill
not needed by the target role business loans knowledge
not needed by the target role calculate employee benefits skill
not needed by the target role collect financial data skill
not needed by the target role consult credit score skill
not needed by the target role create a financial plan skill
not needed by the target role create banking accounts skill
not needed by the target role customer service knowledge
not needed by the target role debt systems knowledge
not needed by the target role develop investment portfolio skill
not needed by the target role disseminate information on tax legislation skill
not needed by the target role financial forecasting knowledge
not needed by the target role financial management knowledge
not needed by the target role foreign valuta knowledge
not needed by the target role guarantee customer satisfaction skill
not needed by the target role identify customer's needs skill
not needed by the target role inform on interest rates skill
not needed by the target role interpret financial statements skill
not needed by the target role investment analysis knowledge
not needed by the target role maintain credit history of clients skill
not needed by the target role manage pension funds skill
not needed by the target role monitor loan portfolio skill
not needed by the target role mortgage loans knowledge
not needed by the target role offer financial services skill
not needed by the target role prepare real estate contract skill
not needed by the target role principles of insurance knowledge
not needed by the target role real estate market knowledge
not needed by the target role sell insurance skill
not needed by the target role synthesise financial information skill

3 further entries not listed here

6 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held actuarial science required
required, not held asset management required
optional, not held fundamental analysis optional
optional, not held holding company activities optional
optional, not held accounting optional
optional, not held statistics optional

Index

Other moves recorded from financial planner

Full index of moves from financial planner

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.