Which of the following is NOT a skill required of financial counselors?

Creating investment portfolios is not typically considered a necessary skill for financial counselors. Financial counselors primarily focus on providing clients with guidance on budgeting, debt management, and overall financial wellness. Their role involves helping clients assess their financial situations, set achievable goals, and overcome barriers to achieving those goals.

In contrast, creating investment portfolios falls more under the purview of financial advisors or investment professionals who specialize in investment strategies, market analysis, and asset allocation. This typically requires a different set of skills and a deeper understanding of investment vehicles, risk assessment, and financial market trends, which are not essential for the day-to-day tasks of a financial counselor.

Skills such as combining optimism, enthusiasm, and realism, making referrals when needed, and motivating members to implement spending plans are essential to foster effective communication, build trust with clients, and encourage actionable financial strategies. These skills help counselors empower clients to take control of their financial situations and improve their overall financial health.