Performance Appraisal

Performance appraisal

A performance appraisal (PA) or performance evaluation[1] is a systematic and periodic process that assesses an individual employee’s job performance and productivity in relation to certain pre-established criteria and organizational objectives

Responsibilities and Duties of a Financial Advisor

A financial advisor is responsible for assessing market conditions, compiling and analyzing socioeconomic data and advising clients on the best investment opportunity. He is expected to be comfortable with tax laws and insurance and suggest suitable investment alternatives. Working with detailed financial records and charts are all a part of the game. The advisor is also expected to forge relationships with clients by focusing on need-based sales of investment products. The advisor is required to have the knowledge of legal and regulatory requirements and the guidelines laid down by Financial Industry Regulatory Authority (FINRA) and Securities and Exchange Commission (SEC). Suggesting investments such as mutual funds, stocks and bonds; suggesting contributions to Individual Retirement Accounts (IRAs), retirement planning, real estate investment advice and many other services, come under the purview of financial (advisor) responsibilities.

A financial advisor cannot ignore the client's ability and the willingness to assume risks. The ability and the willingness to undertake risks coupled with the appropriate investment decision-making prowess will influence the return on investment. This is because risk and reward are directly proportional. Clients, who have a great deal of money and a long term investment horizon, may be better-off investing in more risky assets. People with a short term investment horizon need to have enough liquidity to meet their financial obligations. Hence, in such cases the advisor should suggest investments that have a short maturity. Despite having the capacity for wealth generation, a person may choose not to invest in...