Financial Advisor Test

When looking to fill a financial advisor position, it's important to make sure that the candidate has the skills necessary to do the job. A financial advisor skills test can help ensure that the candidate is a good fit for the position.

  • What is a financial advisor skills test?

    A financial advisor has a wide range of responsibilities for individuals and companies. They create long-term plans and strategies for managing and controlling wealth. As well as managing the finances, they balance the risks and advice on sensible investments which would benefit their customer. A financial advisor skills test can be used to test the skills suitable for this role.

    The skills test will ask multiple-choice questions focused around real-life scenarios. Each question will test a specific skill that would be needed within the role. These skills may include numerical reasoning, leadership and communication.

    This test is efficient as it can highlight the most suitable applicants for the role by recognizing who contains the most skills.

Jump to a section on this page:

  1. What is a financial advisor skills test?
  2. What are the benefits of using the financial advisor skills test for pre-screening?
  3. How our test measures financial advisor skills
  4. Financial Advisor Test FAQs

Identify the best candidates and hire faster

Our pre-employment tests let you drill down to the best candidates at the click of a button.

  • Find those candidates who will excel in the role.

    Select the assessments that match the skills or behaviours for the position. You can test for software or coding competency, soft skills like teamwork, or personality traits, to be sure those who pass have high potential.

  • Reduce costs and time.

    No more laborious sifting of resumes or cover letters. Pick your ideal assessment mix, invite your applicants to take them, see the results in your dashboard. Get to the interview stage fast.

  • Eliminate bias.

    All your candidates take the assessments on a level playing field. Only their results determine whether they get shortlisted.

  • What are the benefits of using the financial advisor skills test for pre-screening?

    A financial advisor skills test is most useful during the pre-screening stage because it can find the appropriate candidates to progress to the next round. It can also be completed at home, reducing the amount of office space needed within the hiring process.

    The test also reduces unconscious bias as when the results are passed forward to the hiring team, personal information is withheld. This means they won’t have access to the candidates' gender, age or educational background.

    The financial advisor skills test measures a range of different skills, including mathematical-based, software skills and soft skills. The mathematic skills include numerical reasoning and error checking.

    Software skills are also crucial for a financial advisor as the majority of their work will be completed on a computer. These may include Microsoft Excel, Google Cloud and Microsoft Word. In addition to software skills, soft skills are crucial. Skills such as communication, problem solving and leadership are required for the role.

    The financial advisor test is also a useful recruitment tool if you’re hiring for any of the following roles:

More Job Skills Tests

How our test measures financial advisor skills

Test questions are designed to assess industry-specific technical skills, soft skills, aptitude and suitable personality dimensions. Our data-driven approach provides results that enable you to determine how suited is a candidate for the role.

Depending on the type of question, the format of the test may vary. Multiple-choice questions are used to measure aptitude, technical skills and soft skills, while agreement on a Likert scale assesses suitable personality dimensions. Skills tests ensure that candidates are being evaluated in a precise and impartial manner, their results demonstrating the true knowledge and potential of each test taker.

The characteristics required to be a financial advisor were determined by looking at the skills and abilities listed in the US Department of Labor’s O*NET database, which collects data from professionals in various fields.

O*NET is the largest database of its kind, providing detailed information about occupations and the requirements for each role.

Our team of I/O psychologists and psychometrics worked closely with subject-matter experts to create an extensive question bank that can be used to test multiple candidates. We also conducted rigorous field testing with a representative sample of candidates to ensure that the questions were reliable and valid.

Test scores are averaged together to give an overall score. The average score is compared to other candidates' scores to ensure there is no bias toward certain candidates.

Our financial advisor test is constantly updated and optimized to ensure the best experience and results.

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Validated

Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

  • Assessments

    A full suite of assessments

    Our platform comes with 12 tests across both foundation and advanced levels so they’re suitable for everyone. Including aptitude, behavioural and personality tests, you’ll have a full range of tests to help you find the candidates you’re seeking.

  • Analytics

    An array of candidate metrics

    For each of your candidates, you’ll be given a comprehensive report. Included will be all the metrics you need to build a detailed picture of each candidate and ensure you’re making the right hiring decisions.

“The platform is so simple to use. I had used competitor providers for over six years and will never go back. Fast, efficient and friendly!”
Greg Chambers, HR Business Partner, Littlefish Ltd
Greg Chambers, HR Business Partner, Littlefish Ltd

Financial Advisor Test FAQs

What aptitudes and skills are necessary for financial advisors?

A range of skills are necessary for a financial advisor such as numerical reasoning, problem solving and error checking. As well as hard skills, a financial advisor needs soft skills like communication and problem solving. A strong candidate will have all of these skills.

Can I use this test to assess software skills?

Yes! A financial advisor must have a high level of software skills such as Microsoft Excel, Microsoft Word and Google Cloud. As these skills are so essential, they will appear throughout the test multiple times, meaning this test could sufficiently be used to assess software skills.

Can I see what the test is like?

Yes, of course. You can try the test for free by signing up for a free trial.

Are these tests available in my plan?

We have a range of plans available. The difference between the plans is the number of test attempts permitted, not the type of tests. All our plans include our full test suite comprising all tests and all levels.

“An unbeatable service, impressive platform and fantastic value for money.”
Laurence Fishman, Partner, NLPCA
Laurence Fishman, Partner, NLPCA

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