Bartender Test
A recruitment team hiring for a bartender needs to have several different types of skills to be successful, and hiring the right person for the role is more than just evaluating their knowledge of alcoholic beverages.
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.
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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.
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
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.
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 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 Neuroworx's financial planner 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.
- 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.
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