Pay it in 4 | Interest-Free Afterpay
AU 1300 611 404 NZ 0800 004 826

Are you great with numbers and enjoy helping people manage their money? Becoming a financial advisor might be just the career for you. This role involves guiding clients on how to handle their finances, invest wisely, and plan for their future. While you can't become a financial advisor solely through an online course, an online accounting course can give you a solid foundation and help you get a head start in this in-demand field. Let's explore what it takes to become a financial advisor and how Online Courses Australia can help you on your journey.

What Does a Financial Advisor Do?

A financial advisor helps clients make smart decisions about their money. This can include everything from planning for retirement, investing in the stock market, saving for a home, or managing debt. Financial advisors work with individuals and businesses to create personalised financial plans that align with their goals and risk tolerance. They keep up with market trends and financial regulations to provide the best possible advice.

Day in the Life of a Financial Advisor

Typical Daily Duties

  • Client Meetings: Sit down with clients to talk about their financial goals, assess their current situation, and gather relevant information.
  • Financial Planning: Develop comprehensive financial plans tailored to each client's needs, including investment strategies, retirement planning, and tax planning.
  • Investment Management: Keep an eye on clients' investments, making adjustments as needed to keep them on track.
  • Research and Analysis: Stay updated on market trends, economic developments, and changes in financial regulations.
  • Communication: Regularly update clients on their financial status and answer any questions they might have.
  • Compliance: Make sure all financial advice and transactions comply with relevant laws and regulations.

Financial Advisor Skills  

To be a successful financial advisor, you’ll need a blend of soft skills (skills you innately have) and hard skills (practical skills you’d learn from studying accounting / financial advisory). 

Financial Advisor Soft Skills

  • Analytical 
  • Communication
  • Interpersonal Skills
  • Problem-Solving
  • Attention to Detail

Practical Skills Gained from Online Courses

  • Financial Planning: Learn how to create comprehensive financial plans tailored to clients' needs.
  • XERO: Master the basics of this popular accounting software.
  • MYOB: Learn how to use MYOB for financial management and accounting tasks.
  • Budget Preparation and Monitoring: Understand how to create and manage budgets effectively.
  • Basics of Bookkeeping: Gain foundational skills in bookkeeping to keep accurate financial records.

How Much Can You Earn as a Financial Advisor in Australia (2024)?

In Australia, financial advisors can earn between $90,000 and $120,000 per year, depending on their experience, qualifications, and client base. Experienced advisors with a strong client portfolio can earn significantly more, especially if they work on a commission basis or as independent consultants.

Financial Advisor Employment Outlook

The demand for financial advisors remains strong as people seek professional advice to manage their finances and plan for the future. Opportunities are available in financial planning firms, banks, investment firms, and as independent advisors. With the right skills and dedication, you can build a successful and rewarding career in this dynamic field.

How to Become a Financial Advisor

Step 1: Start with an Online Course

Begin your journey by taking an online finance course. These courses cover the basics like financial planning, investment strategies, and accounting. The best part? You can study at your own pace, fitting your learning around your current commitments. Here are some key topics you might cover:

  • XERO and MYOB: Get to grips with these popular accounting software tools.
  • Budget Preparation and Monitoring: Learn how to create and manage budgets effectively.
  • Basics of Bookkeeping: Understand the essentials of keeping accurate financial records.
  • Investment Strategies: Explore different investment options and how to manage a diversified portfolio.

This will give you a taste of what a career as a financial advisor entails. From here, you can continue with more formal education pathways to further your skills. 

Step 2: Pass the ASIC Financial Advisor Exam

To become a financial advisor in Australia, you’ll need to pass the ASIC financial advisor exam. This test covers practical knowledge in areas like ethics, communication, and financial strategies. 

Step 3: Gain Practical Experience

The next step is to gain some practical experience. Look for internships or junior positions in financial planning firms, banks, or investment companies. Make sure your resume highlights the skills you’ve gained through your online courses and any relevant projects or volunteer work.

Step 4: Keep Learning and Growing

The financial industry is always changing, so it’s important to keep your skills up to date. Continue taking online courses to stay on top of the latest trends and regulations. The more experience you gain, the more confident and independent you’ll become as a financial advisor.

Ready to Start Your Journey as a Financial Advisor?

If you're excited about the idea of becoming a financial advisor, start by exploring online courses in finance with Online Courses Australia. Get a taste of what the career involves and gain valuable skills to help you stand out in the competitive finance industry.

Learn Job-Ready Skills

Our courses cover important topics like financial planning, preparing and monitoring budgets, bookkeeping, and how to use Xero and MYOB.

Study at Your Own Pace 

Flexible online learning lets you fit your studies around your current commitments.

Take the First Step

Begin your journey towards a rewarding career as a financial advisor today. Join Online Courses Australia and start helping clients achieve their financial goals.


  • Career Development

Start a Career in Bookkeeping Today!


Top Stories
Do you have any questions?
Call 1300 611 404
Start a Career in Bookkeeping Today!
  • Quick Links
  • Awards
    IMA Winner 2010 RMG Finalist 2013 Docebo Inspire Winner 2023 Makeup Artists Guild
  • Endorsements, memberships and partnerships
    © Copyright 2023 Online Courses Australia. ACN 31 155 885 242. All rights reserved.
  • Payment Methods + Secure Transactions
    Apple Pay
    Are you in Australia?
    AU 1300 611 404

    Are you in New Zealand?
    NZ 0800 004 826