how to start a career as a financial advisor

how to start a career as a financial advisor

How to Start a Career as a Financial Advisor

For those looking to enter the world of financial services, becoming a financial advisor is a great way to get started. It offers the potential for an exciting and lucrative career, with many challenges and opportunities along the way. Here is what you need to know to get started as a financial advisor:

1. Education

Educational requirements for a career financial advising vary with the particular job, but typically involve some combination of the following:

  • A bachelor’s degree in economics, finance, accounting, or a related field
  • Series 7, 63, or 65 securities licenses
  • Insurance licenses
  • CFP® certification

Make sure you have the necessary educational experience to meet the requirements of the positions you are applying for.

2. Develop Your Network

Having an extensive network is invaluable in the financial services industry. Consider joining a professional organization like the Financial Planning Association or the National Association of Insurance and Financial Advisors to expand your network and access to educational materials and industry conferences. You can get valuable insight and advice from mentors and peers.

3. Research Financial Institutions

Investigate the financial institutions you are considering to find out what types of services and products they offer, how they are structured, and their requirements for financial advisors. Look into their fee structures, commission and incentive programs, as well as any tools and resources offered to advisors.

4. Design Your Pitch & Prepare Your Resume

Having a well-crafted resume is essential to getting hired as a financial advisor. Highlight your educational and professional experience as it relates to the job you’re looking for. You should also have a strong elevator pitch prepared that summarizes who you are and your goals as a financial advisor.

5. Start Applying and Interviewing

Start applying for positions and follow up on leads you may come across in your network. Keep track of job openings and make sure to stay updated with any changes. Attend job fairs and webinars for financial advisors and keep an eye out for any open calls for positions.

6. Develop Your Professional Skills

Financial advising isn’t only about having technical skills, so make sure to develop your non-technical and soft skills. Practice potential interview questions and be prepared to discuss the trends impacting the industry. Additionally, focus on honing interviewing, communication, and sales skills.

Starting a career as a financial advisor is rewarding and challenging. Make sure you have the right educational background, network, and professional skills to meet the requirements of the positions you are applying for. Good luck!

Latest Post

Get The Latest Updates


No spam, notifications only about new products, updates.

Connect & Follow