Financial advisors

Newfoundland and Labrador

The employment outlook will be Good for financial advisors (NOC 11102) in Newfoundland and Labrador for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to a moderate number of new positions.A moderate number of positions will become available due to retirements.Here are some key facts about financial advisors in Newfoundland and Labrador: Approximately 900 people work in this occupation. Financial advisors mainly work in the following sectors: Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 81%Insurance Carriers and related activities (NAICS 524, 526): 11% The distribution of full-time and part-time workers in this occupation is:Full-time workers: 93% compared to 83% for all occupationsPart-time workers: 7% compared to 17% for all occupations84% of financial advisors work all year, while 16% work only part of the year, compared to 56% and 43% respectively among all occupations. Those who worked only part of the year did so for an average of 48 weeks compared to 40 weeks for all occupations.33% of financial advisors are self-employed compared to an average of 8% for all occupations.The gender distribution of people in this occupation is: Men: 50% compared to 51% for all occupations Women: 50% compared to 49% for all occupations The educational attainment of workers in this occupation is: no high school diploma: less than 5% compared to 11% for all occupations high school diploma or equivalent: 13% compared to 27% for all occupations apprenticeship or trades certificate or diploma: 9% compared to 17% for all occupations college certificate or diploma or university certificate below bachelor's: 26% compared to 23% for all occupations bachelor's degree: 42% compared to 14% for all occupations university certificate, degree or diploma above bachelor level: 10% compared to 7% for all occupations

Nova Scotia

The employment outlook will be Good for financial advisors (NOC 11102) in Nova Scotia for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to a moderate number of new positions.A moderate number of positions will become available due to retirements.There are a small number of unemployed workers with recent experience in this occupation.Opportunities may exist at larger financial institutions in the Halifax region. There may be more opportunities for entry-level positions and those with related education and some experience.Here are some key facts about financial advisors in Nova Scotia: Approximately 2,850 people work in this occupation. Financial advisors mainly work in the following sectors: Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 83%Insurance Carriers and related activities (NAICS 524, 526): 9% The distribution of full-time and part-time workers in this occupation is:Full-time workers: 94% compared to 82% for all occupationsPart-time workers: 6% compared to 18% for all occupations82% of financial advisors work all year, while 18% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 48 weeks compared to 42 weeks for all occupations.28% of financial advisors are self-employed compared to an average of 11% for all occupations.The gender distribution of people in this occupation is: Men: 60% compared to 51% for all occupations Women: 40% compared to 49% for all occupations The educational attainment of workers in this occupation is: no high school diploma: less than 5% compared to 10% for all occupations high school diploma or equivalent: 13% compared to 27% for all occupations apprenticeship or trades certificate or diploma: less than 5% compared to 12% for all occupations college certificate or diploma or university certificate below bachelor's: 19% compared to 22% for all occupations bachelor's degree: 47% compared to 20% for all occupations university certificate, degree or diploma above bachelor level: 17% compared to 10% for all occupations

New Brunswick

The employment outlook will be Moderate for financial advisors (NOC 11102) in New Brunswick for the 2025-2027 period.The following factors contributed to this outlook:Employment growth will lead to several new positions.A moderate number of positions will become available due to retirements.There are a moderate number of unemployed workers with recent experience in this occupation.Financial advisors are mostly employed at financial institutions such as banks, and investment firms. The growing adoption of mobile banking, online investment platforms, artificial intelligence, and other technologies, may shift the role and tasks of financial advisors going forward. Financial accreditations like Investment Funds in Canada (IFIC) and the Canadian Securities Course (CSC) are required by employers, as well as a mutual funds license and the completion of a Certified Financial Planner (CFP) or a Personal Financial Planning (PFP) designation. Holding either a Chartered Professional Accountant (CPA), Chartered Financial Analyst (CFA), or a Chartered Investment Manager (CIM) designation will enhance employment prospects.Individuals in this occupation typically work in larger urban centres, where some of the banks and major financial institutions hold their main offices. As such, demand for these professionals is expected to be highest in Fredericton, Moncton and Saint John. Knowledge of both French and English will be required in certain regions of the province.Here are some key facts about financial advisors in New Brunswick: Approximately 1,650 people work in this occupation. Financial advisors mainly work in the following sectors: Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 82%Insurance Carriers and related activities (NAICS 524, 526): 7% 81% of financial advisors work all year, while 19% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 49 weeks compared to 42 weeks for all occupations.25% of financial advisors are self-employed compared to an average of 10% for all occupations.The gender distribution of people in this occupation is: Men: 56% compared to 52% for all occupations Women: 43% compared to 48% for all occupations The educational attainment of workers in this occupation is: no high school diploma: less than 5% compared to 11% for all occupations high school diploma or equivalent: 17% compared to 30% for all occupations apprenticeship or trades certificate or diploma: 7% compared to 12% for all occupations college certificate or diploma or university certificate below bachelor's: 24% compared to 23% for all occupations bachelor's degree: 39% compared to 16% for all occupations university certificate, degree or diploma above bachelor level: 12% compared to 7% for all occupations