Financial Planner Test

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

  • What is a financial planner skills test?

    A financial planner skills test is a job-specific assessment that forms part of an effective recruitment process, helping employers make well-informed hiring decisions.

    The test uses a variety of question types to evaluate the key skills and knowledge required for the financial planning profession. These questions are written by subject matter experts and cover topics like numerical reasoning, MS Excel proficiency, analytical thinking, decision making and communication.

    The score reports provided allow hiring teams to better determine how well-suited a candidate is for the role, and whether they should be put through to the interview stage.

Jump to a section on this page:

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

    A financial planner carries a lot of responsibility on their shoulders. Clients put trust in them to make the best possible money management recommendations, whether they relate to consolidating debt, saving for retirement or managing an investment portfolio.

    To offer this guidance, a financial planner needs a specific skill set. They must be able to understand financial markets and forecasts, identify trends and analyze opportunities for risk and growth potential. They must be able to present findings, articulately convey complex information, and understand the objectives of those they plan for.

    This is a skill set difficult to identify through resumes alone. Many of the essential requirements are practical, and so impossible to judge without practical evaluation.

    The financial planner skills test is an effective solution here. Technical questions allow you to see things like numerical aptitude, problem solving and analytical skills in action, whilst situational judgment and personality questions delve into key behaviors like accountability.

    You can administer the test quickly and at scale, making it both cost and time efficient - particularly when dealing with high-volume recruitment. Once all applicants have completed the test, you can separate them by skill level using objective, easily comparable score report data.

    All of this makes the financial planner skills test a highly effective screening tool. By assessing candidates in a practical nature you can confidently shortlist those with the greatest potential, and thus those most likely to add value to your organization as an employee.

    The financial analyst 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 planner 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 planner 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 planner 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 Planner Test FAQs

What aptitudes and skills are necessary for a financial planner?

Financial planning is a complex profession that requires a range of skills and aptitudes. Numerical reasoning and critical analysis are essential, but so are soft skills like communication, time management and presentation skills. This combination allows a financial planner to build a rapport with clients whilst delivering effective strategies.

What are the differences between a financial planner and a financial advisor?

The key difference between a financial planner and a financial advisor is that advisors typically manage and invest money on behalf of large organizations, whereas a financial planner works with individuals, planning long-term money management strategies to help them achieve their financial goals.

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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