How To Know If Being A Financial Advisor Is Right For You

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How To Know if Being a Financial Advisor is Right
for You
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Financial advisors are called by many names.
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You may have heard of designations such as
financial advisor, financial planner, personal
financial consultant, wealth management advisor
and the seldom used term financial products sales
person.
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These individuals earn their keep by helping
people choose their investments, sort through
their fiscal troubles, and work on their
financial plans.
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These advisors also extend their services on
matters relating to college funding, retirement
planning, estate planning, and general investment
analysis.
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If you are planning to undertake a career as a
financial advisor, this article might be for you.
Read on and see if you have what it takes to
become one.
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Are you a social person? Do you enjoy the comfort
of being with so many people? The core of the
business as a financial advisor is having a broad
social network.
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To thrive in this line of work, you need clients,
and to do that, you have to build a strong
customer base. Every person is a potential
client thus, you need to keep a keen eye and be
mindful of this at all times.
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So how does one gather clients? Most experienced
financial advisors would engage in a wide range
of activities such as giving lectures or
organizing seminars.
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It is through these social and professional
contacts that you can start building on your
customer base. Of course, you can also experiment
on cold calling as well as asking for referrals
from friends and family.
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Bear in mind that maintaining and expanding your
social circle can contribute to the increase of
your clients.
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What did you study in college? Your university
major can play a huge factor in your employment
as a financial consultant.
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Most banks and financial corporations look for
graduates of finance or accounting-related
courses.
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Having an extensive educational background in
law, economics, mathematics, or business can also
greatly improve your chances of being hired by
these prospective employers.
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It should also be noted that many financial
planners who have thrived in this profession have
worked before as an accountant or auditor,
lawyer, insurance sales agent, or securities
sales specialist.
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To further excel in the profession, many of these
advisors have also proceeded to broaden their
knowledge by enrolling in courses that teach
about investments, risk management, and taxes.
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Are you concerned that your educational
background might not be sufficient to meet the
minimum employment requirements set by most
financial employers?
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Put those worries aside because educational
programs relating to financial planning are
widely offered by many universities and colleges.
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Generally you dont need to have a license to
engage in this line of work, but for financial
advisors that deal with mutual funds, stocks,
bonds, or insurance, a license may be required
before they can operate in that line of work.
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To earn that license, one must take certain exams.
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According to statistics, 4 of 10 financial
advisors run their own practice or operate their
own firm the others work for insurance or
finance companies, brokers of securities and
commodities, and investment firms.
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The Bureau of Labor Statistics also added that
the number of financial planners is expected to
increase due to the rise in investment among
businesses and individuals.
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There is also a growing demand for their services
as a result of the upsurge for retirement plans
and the increasing number of baby boomers saving
for their retirement.
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A better-educated and well-informed population
owes its wealth to sound investment advice.
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Do you have what it takes to become a financial
advisor and help people make good decisions with
their money?
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Rhino Search Group is a financial services
recruiting firm known for its valuable client
relationships with the most trusted financial
brands.
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Contact our financial advisor recruiters if you
are looking to make a move, or buy/sell a book of
business.
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Visit the site www.rhinosearchgroup.com
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Rhino Search Group 8970 E Raintree Drive Suite
300 Scottsdale AZ 85260 480-361-9415 pk_at_rhinosear
chgroup.com