Investment Advisor Test

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

  • What is an investment advisor skills test?

    Investment advisors give investment and securities advice to their clients.

    The investment advisor skills test is a pre-screening device that helps employers to determine which people, from a pool of interested applicants, have the relevant skills, knowledge and experience to progress to the next stage of the investment advisor hiring process.

    The skills test covers the key information investment advisors need to know, such as risk management, financial planning and making an investment strategy, as well as important soft skills like communication, accountability and time management. The test will also look at each individual’s mathematical competency.

Jump to a section on this page:

  1. What is an investment advisor skills test?
  2. What are the benefits of using the investment advisor skills test for pre-screening?
  3. How our test measures investment advisor skills
  4. Investment 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 investment advisor skills test for pre-screening?

    All employers want a hiring journey that’s efficient, saves money and leads to strong, long-term hires. And that’s why more and more recruiters and managers are using pre-screening devices like skills tests, before reading through resumes, to strengthen their recruitment processes.

    Skills tests ensure every candidate is given the same opportunity to showcase their skills, knowledge and experience on the test. Individual results can then be analyzed before inviting a select few people to interview, and test answers could even be used to inform the questions on that interview.

    In this way, you also help remove bias from the test process by giving every candidate the same starting chance, and by basing decisions solely on merit and data.

    The skills test is timed, which gives you the added benefit of seeing how candidates react under pressure. The multiple choice questions on the investment advisor test will cover everything from numerical ability and logical reasoning, to knowledge of key investment practices and principles. There may also be questions that focus more on candidates’ working style.

    The investment 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 investment 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 an investment 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 investment 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

Investment Advisor Test FAQs

What skills are necessary for investment advisors?

Investment advisors need to have good mathematical skills and be up-to-date with investment practices and principles so they can fulfill the day-to-day requirements of the role.

The client-facing side of the role means investment advisors also need to be strong communicators with good interpersonal skills.

How accurate is this test?

The investment advisor skills test is a great way of getting an overarching look at each candidate’s level of knowledge and skill, as well as how they cope under time pressure.

Although the test is very comprehensive, following up with candidates you’re interested in and inviting them to interview or take part in any further assessments or tests is the best way to get a full picture.

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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