How to Become a Personal Financial Advisor

Step 1: Understand the job description and responsibilities of a Personal Financial Advisor

What does a Personal Financial Advisor do?

A A financial adviser or financial advisor (considered cognates with interchangeable spelling), is a professional who suggests and renders financial services to clients based on their financial situation. In many countries financial advisors have to complete specific training and hold a license to provide advice. In the United States for example a financial adviser carries a Series 65 or 66 license and according to the U.S. Financial Industry Regulatory Authority (FINRA), license designations and compliance issues must be reported for public view. FINRA describes the main groups of investment professionals who may use the term financial advisor to be: brokers, investment advisers, accountants, lawyers, insurance agents and financial planners.

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Personal financial advisors are professionals who assist individuals in arranging their finances to best advantage.

12/04/2019: Atlanta, GA

Many people turn to a personal financial advisor when they have lost control of their finances.

11/24/2019: Des Moines, IA

In this capacity, the advisor can evaluate the current fiscal status of the client, including examining their spending habits.

10/02/2019: Richmond, VA

Choosing a personal financial advisor career requires acquiring a strong background in the world of finance.

12/28/2019: Clarksville, TN

Often, the advisor education will include the acquisition of advanced degrees dealing with finance and accounting, as well as practical experience acquired at various types of financial institutions.

11/06/2019: Petersburg, VA

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Step 2: Learn best tips to become a Personal Financial Advisor

Best tips for those who want to become a Personal Financial Advisor

Here are some tips to become a Personal Financial Advisor.

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If you are between jobs and in need of money immediately, consider applying for government benefits and assistance or getting a temporary job to pay the bills in the interim.

11/06/2019: Jacksonville, FL

Though it can be hard to do when the search drags on for long periods of time, know that you are showing initiative and perseverance by continuing to apply.

01/04/2020: Cheyenne, WY

Avoid using language such as responsibilities included when writing about your work history.

10/16/2019: Bellingham, WA

Don’t be too rigid about sticking to one page.

11/07/2019: Medford, OR

Functional-Experience Questions.

11/18/2019: Vincennes, IN

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Step 3: View best colleges and universities for Personal Financial Advisor

Best colleges and universities for Personal Financial Advisor

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College

Step 4: Think about whether is it worth to be a Personal Financial Advisor

Is being a Personal Financial Advisor Worth it?

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No matter your current financial situation, there are plenty of great reasons to meet with a personal financial advisor.

11/16/2019: Stamford, CT

Whether you're trying to get out of debt, increase your income with investments, or simply save up for the future, an honest, trustworthy advisor can help you create a roadmap to your goals.

11/20/2019: Boise, ID

Preparing a light version of your personal balance sheet and income statement can get you on your path sooner.

10/15/2019: Albuquerque, NM

Once you truly know your numbers inside and out, you can come up with a handful of goals to bring to your financial advisor.

12/19/2019: Phoenix, AZ

Deciding to work with a financial advisor can be one of the most crucial decisions consumers make in their financial lives.

11/23/2019: Clearwater, FL

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Step 5: Prepare relevant skills for being a Personal Financial Advisor

What skills do you need to be a Personal Financial Advisor?

This is not a management position, but still requires important skills in order to fully execute the role. A keen understanding of the following is necessary for the role: Investment Analysis, Investment Management. Some of the more basic skills utilized in this role include: Investment Portfolio Management Software. These skills are certainly important to the role, but keep in mind, fit into a company culture and environment is often just as important.

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For this reason, your employer will also want to read in your financial advisor resume that you have good interpersonal and customer relations skills as well as wealth planning abilities for investments, retirement, and college savings.

10/15/2019: Philadelphia, PA

Clients rely on personal financial advisors to provide knowledge of investment strategies, tax information, pension plans and real estate.

12/29/2019: Bangor, ME

Use your resume to emphasize your knowledge of financial strategies and practices, as well as your customer service skills.

11/05/2019: Charleston, SC

The journey to becoming a successful financial advisor requires mastery of core competencies and specialized knowledge to help an organization outrank its competitors.

10/09/2019: San Jose, CA

Successful advisors also demonstrate the ability to think strategically, engage customers, use critical assessment and communicate effectively.

10/22/2019: Petaluma, CA

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Step 6: View average salary for Personal Financial Advisor

How much does a Personal Financial Advisor make?

The average salary range for a Personal Financial Advisor is from $44,193 to $55,288. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Personal Financial Advisor

$44,193 to $55,288