I was pleased to hear from my local FPA chapter and the instructors at UMKC who are partnering with the KC chapter to put on Career Day 2015. Your major doesn’t matter as much as demonstrating your willingness to stick with a program and meet deadlines, though degrees in finance, accounting, economics, mathematics and computer science can look good on a financial advisor’s resume. Gather as much information as you can about what the job entails and the various career paths financial advisors can take. Some large investment companies offer complete training programs for financial advisors, during which they’ll help you accumulate the necessary work experience and prepare you for licensing exams.
Remember, the company expects to teach you the rules and regulations, but they can’t force you to care about the job. To get your foot in the door, demonstrate that you’re passionate about being a top-notch financial adviser. Anyone who claims to be a financial advisor but isn’t a registered representative with FINRA and/or a Registered Investment Advisor isn’t able to truly help clients with investing. Which license(s) you need will depend on how you choose to build your financial advising career. An investment advisor is anyone who receives compensation for providing financial advice.
People who can waive the education requirement include PhDs in business or economics, attorneys, Certified Public Accountants, Chartered Financial Analyst, and others.) This designation, however, doesn’t actually impact an advisors ability to sell various products but is a professional credential only. Many aspiring financial advisors have had bad experiences working for insurance companies. Be wary of any job that forces you to come up with a list of 100 people you could sell to – they may dump you after you’ve signed up as many friends and family members as possible. But much of what financial planners do is analyze the data you’ve collected yourself.
It was a collaboration between Matthew, my sister Bonnie Jordan and I with our construction consultant Carlos & Pater! It was very challenging while raising two babies and hubby working full-time at another job. Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals. Analyze financial information obtained from clients to determine strategies for meeting clients’ financial objectives. Implement financial planning recommendations or refer clients to someone who can assist them with plan implementation.