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What Is an Investment Consultant?

Investment consultants advise their clients, which can include asset owners, fund managers, and trustees, on which funds, asset classes, and countries to invest into as a part of the investment and asset allocation strategy and portfolio construction process. Additionally, investment consultants can advise on manager selection, researching investment managers and coordinating the selection process. An investment consultant’s work is largely centered around their clients and often results in long-lasting relationships. They help their clients reach their financial goals, whether that goal is to develop an investment strategy for an individual or maintain portfolios for a large corporation.

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How to Become an Investment Consultant

Investment consultant roles typically require a Bachelor’s degree with coursework covering economics, accounting, or business administration. Roles with a title such as “investment consultant” typically require in-depth knowledge of investment theory and practice, financial markets, and the evolving demands of industry business models.

As a career path, consulting offers a multitude of opportunities for professionals at different points in their professional development. Some consultant roles require only a few years of relevant professional experience, but many positions require more extensive experience as well as specialized knowledge and skills.

Because financial planners are frequently considered investment consultants, they typically acquire additional certifications to be qualified to provide financial services and investment guidance to clients.

Investment Consultant Salary

A 2019 CFA Institute compensation study of charterholders and members found that investment consultants reported a typical, global total compensation of US$131,000 (US$106,000 base annual salary).

How Can the CFA Program Help Me?

Because CFA charterholders have mastered a curriculum that provides comprehensive investment expertise, many employers list the CFA designation as a preferred credential for consultant roles. The CFA charter prepares professionals to adapt to the continually changing demands of the investment industry.

Explore whether CFA Program is the right choice for your next career steps

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