Investment Advisor Test

Investment advisor tests are designed to assess a candidate’s aptitude in the skills necessary to be an investment advisor.

  • What is an investment advisor test?

    An investment advisor test is a pre-employment assessment that is often used in the early stages of a recruitment process, to narrow down a large candidate pool after the initial paper sift.

    Investment advisors may not need to hold a specific degree, but they do need some specific competencies, as well as knowledge in financial matters. When recruiting for an investment advisor, you might have hundreds of applicants with seemingly similar resumes, so choosing who to take forward can be a challenge.

    A simple-to-administer assessment that asks relevant questions will give recruitment teams a clear advantage: qualifiable, reliable, and unbiased data that shows which candidates possess the best skills, knowledge and competencies to suit the role.

About the Investment Advisor Test

The investment advisor assessment asks questions that are relevant to the skills and competencies of the role, like financial knowledge, understanding of different investment types, and making forecasts for different outcomes.

The test results are easy to read and provide a simple way to decide which candidates are suitably qualified to go to the next round of the recruitment process.

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  • Why should you use an investment advisor test for recruiting?

    Even when only a handful of potential employees have applied for a role that you are recruiting for, finding the perfect candidate is not easy – even when you can interview each one.

    When those numbers grow, it can become overwhelming and costly. Many companies have introduced a multi-stage process that is designed to whittle the numbers down at each stage, and increasingly psychometric, skill, and role-specific tests are becoming part of that process.

    The benefit of the investment advisor test is that the questions asked are relevant to the role, so they are excellent indicators not only of suitability, but future success.

    Reducing the cost of hiring is one of the biggest reasons that using an investment advisor test should be considered for your application process.

Picked Sample Report

View a sample report

Results for the Investment 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 investment 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. interpersonal skills), 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 an investment 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 investment 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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Instant access to our full testing suite.

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    Fully accredited

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

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    For all levels

    We offer Investment 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
Investment Advisor Test expert

Written by an Investment 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


What skills should an investment advisor have?

Aside from qualifications in subjects like accountancy, finance or maths, an investment advisor should also have the following skills:

  • Knowledge of economics
  • Understanding of different types of investment
  • Excellent verbal and written communication
  • Maths knowledge
  • Analytical thinking
  • Decision making
  • Great customer service
What other tests might be useful for an investment advisor?

Investment advisors need more than just an aptitude for finance and an interest in economics. To test for soft skills, it might be an idea to consider other psychometric assessments like time management and accountability.

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.

What is the cost for Picked's investment 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.

“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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