Financial Planner Test

If you are looking to add new financial planners to your staff, a financial planner test will give you insight into the necessary competencies and skills.

  • What is a financial planner test?

    The financial planner test is an online aptitude assessment designed to test candidates across the key skills needed to be successful in a financial planning role.

    With many vacancies receiving a large volume of applications, the recruitment process can be time-consuming and cost-intensive. In the early stages of the process, a financial planner test can be effectively used to streamline the candidate pool and ensure the strongest candidates proceed to the interview stage.

    The key skills needed for a financial planner role include a strong numerical aptitude, the ability to think strategically, and good communication to converse and build a rapport with clients. A personable manner and sales ability is also important as planners need to be able to attract new clientele.

    The presence of these competencies can be assessed through the numerical, verbal, and abstract reasoning sections of a financial planner test.

    During the test, candidates are required to answer multiple-choice questions under timed conditions. The test, therefore, usefully assesses both a candidate's speed of work and their accuracy when under pressure.

    A high score in the financial planner test displays an alignment with the skills and qualities needed for the role and indicates the potential to excel.

About the Financial Planner Test

Financial planners provide financial and investment advisory services to a book of clients. They assess a client's financial situation and present beneficial management strategies to maximise return. Financial planners may assist with retirement planning, estate planning, tax, or risk management, amongst other financial management needs.

These responsibilities require a strong analytical mind, good attention to detail, and the ability to evaluate risk and devise tailored investment strategies. They also require good written and verbal communication skills to write reports and hold client meetings.

The financial planner test assesses a candidate's proficiency in these skills, to ensure you select the most suitable candidate for your position.

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

    Large candidate pools are tricky to evaluate, particularly through online applications or CVs alone. Many prospective employees will have similar levels of experience listed on their application form or CV, and this can make it difficult to judge which candidates are most suited to the responsibilities of your vacant role.

    The financial planner test gives insight into practical ability around key skills, which greatly assists in the screening and shortlisting process.

    The test can be tailored to accurately assess mathematical ability, critical thinking, and problem-solving, alongside communication skills, situational awareness, and personality - through the inclusion of numerical reasoning, abstract reasoning, logical reasoning, verbal reasoning, situational judgement, and personality test sections.

    Using this testing data, your recruitment team can make informed and objective hiring decisions. Aptitude testing makes your recruitment process more efficient and effective – saving time, money, and helping to ensure the candidate with the greatest potential is selected for the role.

    The financial planner test may be useful when recruiting for the following roles:

    • Financial Advisor
    • Cash Management Advisor
    • Education Planning Advisor
    • Financial assistant
    • Estate Planning Advisor
    • Investment Planning Advisor
    • Risk Management Advisor
    • Retirement Planning Advisor
    • Tax Management Advisor
    • Junior Financial Planner
    • Financial Planning Intern
Picked Sample Report

View a sample report

Results for the Financial Planner 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 planning 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 planner 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 planner 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 Planner tests are written by accredited psychologists and fully validated.

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    For all levels

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


Energize selection process

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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 Planner Test expert

Written by a Financial Planner 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


What skills does a financial planner need?

A financial planner needs to possess strong numerical and critical thinking skills to devise appropriate financial management and investment strategies for clients. They also need good written and verbal communication skills to distill their recommendations into reports and clearly convey their advice to their clients. These skills can be effectively assessed through the financial planner aptitude test.

What other tests may be useful when hiring a financial planner?

When seeking to employ a financial planner, you'll first ensure candidates hold an appropriate Regulated Qualifications Framework (RQF) Level 4 qualification approved by the Financial Conduct Authority. Beyond this, you may wish to assess abilities in advisory specialisms – such as tax or retirement planning – through case study exercises or specific technical knowledge tests.

What is the cost for Picked's financial planner 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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