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Investment Advisor Test
Investment advisor tests are designed to assess a candidate’s aptitude in the skills necessary to be an investment advisor.
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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.
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.
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.
Our test platform
Our platform offers an extensive library of hundreds of tests, giving you the flexibility to select and combine them in any way that suits your hiring needs. From understanding specific role requirements to assessing general cognitive abilities, our diverse library ensures you can tailor your assessment process precisely.
- Multi-format.
- Our test questions come in various formats, including multiple-choice, true and false, ranking and situational judgment, all ensuring comprehensive candidate assessment.
- Role-specific simulations.
- Experience real-world scenarios with our role-specific simulations, providing accurate insights into candidates' performance, readiness and fit for the position.
- Adaptive scoring.
- Our adaptive scoring system evaluates responses in real-time, by adjusting to the candidate's ability level, enhancing accuracy and reliability.
Curated by our
team of experts
Scientifically validated by psychometric specialists
- Our team of assessment experts is made up of I/O psychologists, psychometricians, and subject matter experts who work closely together to ensure each test is accurate and reliable.
- Our subject matter experts are rigorously vetted and typically have several years of experience working in their industries and hold advanced credentials.
Frequently asked questions
- 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 Neuroworx's investment advisor test?
Neuroworx 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.
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