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How to Become a Financial Advisor

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As our economy has shifted in recent years, the role of the financial advisor has become increasingly important. With more and more people entering the workforce as contractors or freelancers, it is vital to have a financial advisor who can help you plan for your future. Financial advisors can help you save for retirement, invest in stocks and bonds, and manage your money wisely in order to achieve your long-term goals.

There are many reasons why someone should consider becoming a financial advisor. First and foremost, financial advisors provide important services that can help people save for retirement and achieve their other long-term financial goals. Additionally, financial advisors typically have a high degree of expertise in personal finance and investing, which can be helpful for people who are looking to get started in the stock market or other investment vehicles. Finally, financial advisors often enjoy good job security and a high level of income potential.

If you’re interested in becoming a financial advisor, follow these 8 steps:

1. Determine if you have the right personality and skills for a financial advisor career

Do you have the right personality and skills for a career as a financial advisor? Here are a few things to consider:

  • Are you good with numbers and detail-oriented? Financial advisors need to be able to work with numbers and track their investments closely.
  • Are you comfortable speaking with people about their finances? Financial advisors often need to give advice to clients about how to save for retirement or invest money.
  • Do you enjoy researching different investment options? Financial advisors need to be knowledgeable about a variety of investment options in order to advise their clients appropriately.

If you answered yes to most of these questions, then you may be well suited for a career as a financial advisor. However, it’s important to note that some additional training and education may be necessary in order to become a financial advisor.

2. Get education and training in financial advising

In order to become a financial advisor, you will need to obtain a degree or certification in financial advising. 

There are many different programs available that can provide you with the necessary education and training. Some programs focus on personal finance and investing, while others may provide more general financial planning education. 

It’s important to find a program that fits your needs and provides you with the knowledge and skills you need to succeed in this career.

3. Gain experience working with clients

In order to gain experience working with clients, you may want to consider working as a financial advisor intern or apprentice. 

Many financial planning firms offer internships or apprenticeships that can give you the opportunity to work with clients and learn about the financial planning process. This is a great way to gain experience and learn how to work with clients before starting your own financial advisory business.

4. Develop a strong network of professionals

One of the best ways to develop a strong network of professionals is to join an industry association. Industry associations offer networking events, online forums, and other resources that can help you connect with other financial advisors. This can be a great way to learn from your peers and get advice on how to succeed in this career.

5. Pass the Series 65 exam

In order to work as a financial advisor, you will need to pass the Series 65 exam. This is a securities licensing exam that covers topics such as investment products, client relationships, and ethics. The Series 65 exam is required in order to sell securities products to clients.

For more information on how to become licensed and registered to work as a financial advisor, please contact your state’s securities regulator.

6. Get certified as a financial planner

Many financial advisors also become certified as Financial Planners (CFP). This certification indicates that the advisor has met specific requirements in terms of education, experience, and ethics. Becoming certified as a CFP can help boost your career as a financial advisor and show clients that you are qualified to help them with their finances.

7. Find a Job as a Financial Advisor

Finding a job as a financial advisor can be a challenging process.

One of the best ways to find a job is to contact a recruiter who specializes in the finance industry. A recruiter is a professional who helps connect job seekers with career opportunities. They have connections with many different financial planning firms and can help you find the right job for your skills and experience.

8. Join an industry association

There are many different industry associations for financial advisors, such as the Financial Planning Association (FPA) and the National Association of Personal Financial Advisors (NAPFA). 

Joining one of these associations can help you network with other professionals in the field, stay up-to-date on industry news, and access professional development resources.


Find Available Financial Advisor Jobs

Are you looking for a role as a Financial Advisor? Content Burchard & Associates. We help finance professionals in St. Louis find career opportunities at some of the premier employers in the area. Check out our available jobs or contact us today to get started.

Burchard & Associates provides a personal approach to accounting and tax recruitment for St. Louis and beyond. We are ready to listen to YOU.

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