Financial advisers help their clients choose the financial products and services that best meet their current and future needs. CFP – Certified Financial Planner – awarded by the Certified Financial Planner Board of Standards, Inc. CFCA – Christian Financial Consultant and Advisor awarded by the National Association of Christian Financial Consultants, Inc. Our FREE email newsletter is full of money-saving tips, encouraging articles, and great ideas to help you solve your financial problems. Did your Financial Advisor candidate study and obtain his/her license independently, or was he/she initially hired by an investment firm or bank that sponsored the NASD study course and test?.
Although the license(s) are issued by the same regulating body, there can be a significant difference in the way a person prepared for both the test and actual job duties which are mainly sales related even though in theory, a person must learn a certain degree of law material along with personal finance products. Simple (not simplistic) straightforward solid advice for anyone wishing to start a financial advisory practice. You’re in mid-career and you’re investigating a switch to the new industry of financial services.
Don’t hesitate to ask a Financial Advisor or Consultant how long he or she has been employed in the financial field, it will give you a good perspective on his/her level of real world experience and hands on knowledge of the vast array of products on the market. I had known for a few years that I wanted to be a financial planner, but I had many unanswered questions.
I’m have a CPA background and obtained my CFP several years ago, but never practiced financial planning, other than a brief foray working with an insurance company, which was an excercise in high pressure selling. This is a definite must read for anyone considering a career in financial planning. Hopefully I can use the wisdom in this book to establish a successful financial consulting practice.
In a practical, straight forward manner it provides those considering financial planning as a career with all the tools they need to decide if this industry is for them. By including a sample financial plan readers are able to see the power of planning in reaching a clients goals. Another topic covered better in this book than others I’ve read is the different ways individuals view money and how the consultant must possess good people skills if he is to be effective. The work schedules for financial advisers are largely dependent on the company.