Skills Council of Canada

Assessment to determine skill gaps

Financial Adviser

Test Description

This test measures the candidate’s ability to provide clients with advice on financial matters; analyze client investments and recommend customized financial solutions; develop and maintain relationships with clients; and promote and sell financial products. The test covers several subject areas:

Financial Accounting (US)

The candidate will be tested on their knowledge of financial accounting principles and practices in the United States.

Financial Analysis (US)

The candidate will be tested on their ability to analyze financial data and make recommendations based on their analysis, using US financial standards.

Sales Concepts

The candidate will be tested on their understanding of sales concepts and techniques, including prospecting, qualifying, presenting, and closing sales.

Customer Service

The candidate will be tested on their ability to provide excellent customer service, including communication skills, problem-solving, and conflict resolution.

Business Communication

The candidate will be tested on their ability to communicate effectively in a business setting, including writing skills, presentation skills, and interpersonal communication.

MS Office (Excel, Outlook, and Word Simulation)

The candidate will be tested on their proficiency in using Microsoft Office applications, including Excel, Outlook, and Word, through simulation exercises.

It can be used to measure the performance potential of candidates for the following positions: Financial Consultant and Financial Planner.

Each assessment provides an overview of your job role skills. This includes the essential, soft and technical skills? Assessments can be customized to create more difficult, complex evaluations.

What are the essential skills?

Financial analysis and planning
Knowledge of investment products and markets
Communication and interpersonal skills
Sales and marketing abilities
Attention to detail and accuracy
Time management and organization
Problem-solving and critical thinking
Ethics and integrity
Technology proficiency
Continuous learning and professional development

What are the soft skills?

Communication skills
Interpersonal skills
Active listening
Problem-solving skills
Time management
Attention to detail
Empathy
Adaptability
Leadership skills
Customer service skills

What are the technical skills?

Knowledge of financial planning and investment strategies
Proficiency in financial analysis and modeling
Understanding of tax laws and regulations
Ability to develop and implement financial plans
Strong communication and interpersonal skills
Knowledge of retirement planning and pension schemes
Familiarity with financial software and tools
Ability to manage client relationships and expectations
Understanding of risk management and insurance products
Knowledge of estate planning and wealth transfer strategies

Why is an assessment important?

Assessments are important for many reasons, both in educational and professional settings. Here are some of the key reasons why assessments are important:

Measure Learning: Assessments are used to measure the level of learning that has occurred, allowing instructors and employers to identify strengths and weaknesses in a student or employee's knowledge and skills.
Identify Gaps: Assessments can also help identify gaps in learning or performance, allowing instructors and employers to provide targeted support and resources to address those gaps.
Evaluate Effectiveness: Assessments can help evaluate the effectiveness of teaching methods, training programs, or learning materials, allowing instructors and employers to make data-driven decisions to improve their offerings.
Provide Feedback: Assessments provide valuable feedback to both students and employees, helping them understand their progress and identify areas for improvement. This feedback can motivate individuals to work harder and achieve their goals.
Support Decision Making: Assessments can also be used to support decision-making processes, such as hiring decisions or admission to academic programs.
Standardize Processes: Assessments help standardize processes and ensure that all students or employees are evaluated using the same criteria, making it easier to compare results across individuals or groups.

Improved Hiring Efficiency

Customizable assessments, companies can efficiently and effectively evaluate candidates' skills, knowledge, and abilities, reducing the time and resources required for hiring.

Accurate Candidate Evaluation

Comprehensive testing and assessment platform provides accurate and objective insights into candidates' skills, knowledge, and abilities, enabling companies to make informed hiring decisions based on objective data.

Customizable Assessments

Platform allows companies to create and customize assessments tailored to their specific job requirements and skill sets, ensuring that they are evaluating candidates based on the skills that are most critical to their business.

Enhanced Employee Performance

Platform includes a range of assessments and training programs designed to improve employee skills and knowledge, helping companies build a more skilled and capable workforce. By identifying skill gaps and providing targeted training, companies can improve employee performance and productivity.

Accurate Results

Proprietary algorithm guarantees that your assessments are accurate and unbiased, eliminating any potential for human error or bias. This means that you can confidently make informed decisions about your candidates, knowing that the results are based solely on their skills and abilities.

Access Pre-Paid Assessments

At Skills Council of Canada, we're dedicated to empowering individuals from vulnerable communities to realize their career aspirations. Part of our commitment includes providing access to job-role and subject-based assessments to identify and address skill gaps. We deliver these services exclusively through our partner organizations that serve vulnerable populations. To avail of these pre-funded services, your organization needs to partner with us and demonstrate your commitment to serving vulnerable communities in need of support.

Become a partner

Understand your skill gap