Financial Advisor Test

A financial advisor test can be used by employers to assess applicants on essential skills and competencies to determine their suitability for a financial advisor position.

  • What is a financial advisor test?

    A financial advisor test is designed to identify candidates who have the skills and knowledge required to be successful as a financial advisor. The test is most effective when used in the early stages of recruitment, to ensure that the most suitable candidates are shortlisted.

    The test consists of multiple-choice questions specifically designed to assess candidates in key areas for the role, such as analytical and numerical ability, attention to detail, and risk assessment.

    Candidates who perform highly on this test have shown they may have the skill set and expertise needed to carry out their responsibilities to a high standard.

About the Financial Advisor Test

A financial advisor provides expert advice to clients regarding personal finances and investments. Some typical responsibilities of a financial advisor include completing risk analysis, discussing financial goals with clients, and establishing financial strategies for them.

The financial advisor test assesses a candidate's proficiency in the skills required to perform these responsibilities successfully, ensuring you select the most capable candidates for interview.

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  • Why should you use a financial advisor test for recruiting?

    Candidates for a financial advisor position need a specific set of skills, but it can be difficult to determine which qualities candidates possess, based on resumes and application forms alone.

    Picked's financial advisor test helps solve this difficulty by providing a comprehensive tool that is easily added to your recruitment process. It objectively assesses candidates on the core skills required for the role, allowing you to identify early on those that meet your specified criteria.

    After a candidate completes the assessment, you will receive a set of results that allows for easy comparison. Applicants who meet the required level can then be advanced to the next stage of the recruitment process, while sub-par candidates are eliminated.

    The test can be used for financial advisors and similar roles, including:

Picked Sample Report

View a sample report

Results for the Financial Advisor Test along with other assessments the candidate takes will be compiled to produce a candidate report. The report is automatically generated and available both online and as a downloadable pdf so they can be shared with other team members and employees alike.

How our test assesses financial advisor skills

Candidates will need to answer a range of questions that measure industry-specific technical skills where applicable (e.g. Microsoft Excel), soft skills (e.g. teamwork), aptitude (e.g. numerical reasoning) and relevant personality dimensions (e.g. detail orientation). The results present a holistic view of how well suited each candidate is for the job at hand, using a data-driven approach.

The format varies by type of question, including multiple-choice for aptitude and technical skills, situational judgement for soft skills and agreement on a Likert scale for the personality dimensions. This approach ensures candidates are being assessed in an accurate and fair manner, and that results reflect the true underlying qualities of each candidate.

The characteristics, abilities and knowledge necessary to be a financial advisor were identified using the US Department of Labor's comprehensive O*NET database. O*NET is the leading source of occupational information that is constantly updated by collecting data from employees in specific job roles.

During the development process, test questions were rigorously analysed to maximise reliability and validity in line with industry best practices. They were created by our team of I/O psychologists and psychometricians – who collaborated with subject-matter-experts – and field-tested with a representative sample of job applicants who have varying experience, just like you might find in a talent pool.

Each test is reviewed by a panel of individuals representing diverse backgrounds to check for any sensitivity, fairness, face validity and accessibility issues. This ensures each candidate has a fair chance of demonstrating their true level of expertise.

Our financial advisor test is monitored to ensure it is up-to-date and optimised for performance.


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).


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    Fully accredited

    All our Financial Advisor tests are written by accredited psychologists and fully validated.

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    For all levels

    We offer Financial Advisor tests for all levels so you can assess all roles within your organisation.


Energize selection process

Streamline hiring with our out-of-the-box tools.

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    Smart automations

    Automated actions such as alerts and reminders ensure a smooth candidate experience.

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    Instant results

    Receive candidate results in real-time so you can make decisions in hours, not days.


Make better hires

Improve hiring with bias-free, data-driven decisions.

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    Analytics dashboard

    Our full array of candidate performance metrics will provide actionable data on each of your candidates.

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    Candidate comparison

    Simple, easy-to-use candidate comparison reports mean you don’t need to be a psychologist to interpret them.

“We used Picked as part of our Finance Graduate Scheme recruitment and it was just what we needed – really simple to send candidates the link to complete and clear to see how they all compared. And great value for money!”
Christina, HR Director, Cancer Research, UK
Christina, HR Director, Cancer Research, UK
Financial Advisor Test expert

Written by a Financial Advisor Test expert

Our team of assessment experts is made up of I/O psychologists and psychometricians who are dedicated to making all of our tests as reliable, valid and fair as possible. They strictly adhere to best practices in the industry and stay on top of the latest innovations to ensure job candidates’ unique profiles of characteristics, abilities and knowledge are being measured accurately while minimising bias. They leverage decades of research and advanced predictive analytics to build assessments that link to outcomes that matter, such as job performance, turnover, engagement, culture fit and more.

“Personality profiling allowed us to perform lookalike modelling of our most successful employees and use this as a blueprint for new hires.”
Nick, HR Operations, Airbus, Spain
Nick, HR Operations, Airbus, Spain

Financial Advisor Test FAQs

What skills should a financial advisor have?

Important skills for a financial advisor include: excellent communication, listening and interpersonal skills; analytical and problem-solving skills; research methodology; organisation; accuracy and attention to detail.

Is the financial advisor test difficult?

The financial advisor test is set at an intermediate level of difficulty, so it should not be overly challenging for a qualified financial advisor. The challenge in this test often comes with the tight time limit at which candidates must answer the questions.

What is the cost for Picked's financial advisor test?

Picked operates on a monthly or annual subscription basis. We have several plans to suit your hiring needs, which you can check out here. Alternatively, you can get in touch with us to discuss a custom plan.

Can I get a free trial?

Yes, simply sign up (no credit card is required) and we'll give you unlimited access for 7 seven days. Create as many jobs and test as many candidates as you want; you won't be charged a penny.

“Focusing on data reduced the subjective decision making from our hiring process and allowed us to reduce bias and make better hiring decisions.”
Izzie, Head of HR, iZettle, Sweden
Izzie, Head of HR, iZettle, Sweden

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