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Paths to becoming a Financial Advisor
Posted on 2/19/14 at 10:06 pm
Posted on 2/19/14 at 10:06 pm
Figured this couldn't be the worst thread tonight with the canker sore in my throat thread and the pissing in the sink at the pizza place thread..
Anyway, i don't have a finance degree but a bachelors nonetheless. I assume the first thing i need to do is get some finance experience to become a certified financial planner (CFP), which i hear takes at least three years before you can take said exam. Which places would I need to work for to achieve this? Just any old financial/loan place? Any particular occupation other than account executive/customer service i'd need to hold?
From there I guess I would apply for a FA trainee position, which would take years from what i gather on other sites. I am very good with people and actually don't mind interacting with dirtbags every day, also love finance albeit not much experience in that occupation.
TIA
Anyway, i don't have a finance degree but a bachelors nonetheless. I assume the first thing i need to do is get some finance experience to become a certified financial planner (CFP), which i hear takes at least three years before you can take said exam. Which places would I need to work for to achieve this? Just any old financial/loan place? Any particular occupation other than account executive/customer service i'd need to hold?
From there I guess I would apply for a FA trainee position, which would take years from what i gather on other sites. I am very good with people and actually don't mind interacting with dirtbags every day, also love finance albeit not much experience in that occupation.
TIA
11
Posted on 2/19/14 at 10:07 pm to The Calvin
Looks like you got it all figured out. Good luck.
Posted on 2/19/14 at 10:08 pm to The Calvin
Have fun on your quest.
Posted on 2/19/14 at 10:10 pm to SG_Geaux
Sarcasm? haha
Posted on 2/19/14 at 10:13 pm to The Calvin
quote:
Anyway, i don't have a finance degree but a bachelors nonetheless.
That's fine, you need to be a great in sales.
quote:
Which places would I need to work for to achieve this? Just any old financial/loan place? Any particular occupation other than account executive/customer service i'd need to hold?
Most likely some assistant role to an FA. You'll make jack shite (25k or so) for a couple years.
I'm not one, but met with the guy who makes the hires for a good sized regional bank in my area. That's what he told me at least.
Posted on 2/19/14 at 10:15 pm to crazyhorsedog
Thanks for the info 
Posted on 2/19/14 at 10:16 pm to The Calvin
You have to work somewhere that allows you to prove you do planning for people. Look into a para planner job first then start studying after about a year. The CFP board (assuming you pass the test) looks for at least 3 years experience before you can put the CFP behind your name. A bank loan manager or officer won't work.
Para planning route is what you want for now. It'll give you a real taste of what the job entails.
Para planning route is what you want for now. It'll give you a real taste of what the job entails.
Posted on 2/19/14 at 10:17 pm to The Calvin
Step one: don't get career info from the OT
Step two: move this to the money board
Step three: ?
Step four: profit from investing other peoples money
Step two: move this to the money board
Step three: ?
Step four: profit from investing other peoples money
Posted on 2/19/14 at 10:17 pm to The Calvin
He said a high speed guy will make around 60k his first full year. Keep in mind, this isn't in a major metro area. Probably higher in one of those.
You'll get your insurance license as well.
Lots of stuffing envelopes and prospecting. He said he gives new hires around 6 months and if he feels they have potential, they will send them to all the training/tests involved.
You'll get your insurance license as well.
Lots of stuffing envelopes and prospecting. He said he gives new hires around 6 months and if he feels they have potential, they will send them to all the training/tests involved.
Posted on 2/19/14 at 10:18 pm to The Calvin
Good question. No way I would trust my cash with a guy under 50. I need to see a great track record. Good luck.
Posted on 2/19/14 at 10:19 pm to The Calvin
You sure you don't wanna be a DJ?
Posted on 2/19/14 at 10:21 pm to AUCE05
quote:
No way I would trust my cash with a guy under 50. I need to see a great track record. Good luck.
Another reason why it's a hard career to do well in.
I'd recommend he/she be single starting out. Lots of hours.
Posted on 2/19/14 at 10:23 pm to The Calvin
The good thing is, the CFP exam can be taken on the computer at an approved testing site in 6 hours. Used to be 2 days long and 10 hours total.
So that is neat
So that is neat
Posted on 2/19/14 at 10:26 pm to RebelOP
quote:
Look into a para planner job first then start studying after about a year.
Sorry, but what is a "para planner" job? Like an example. I'm not very familiar as you can tell
quote:
The CFP board (assuming you pass the test) looks for at least 3 years experience before you can put the CFP behind your name. A bank loan manager or officer won't work.
Good to know, thanks
Posted on 2/19/14 at 10:28 pm to The Calvin
In short a paraplanner is a person who works with a Financial Planner or Financial Adviser and completes a number of the non-client facing tasks involved in preparing and administering a Financial Plan or Report for a client.
Go here LINK
Go here LINK
This post was edited on 2/19/14 at 10:29 pm
Posted on 2/19/14 at 10:28 pm to The Calvin
quote:
Figured this couldn't be the worst thread tonight with the canker sore in my throat thread and the pissing in the sink at the pizza place thread..
You missed the thread this afternoon about anal fisting. It got whacked.
Posted on 2/19/14 at 10:30 pm to foshizzle
Anal fisting thread was just about to get good too. 
Posted on 2/19/14 at 10:32 pm to BRgetthenet
Posted on 2/19/14 at 10:35 pm to RebelOP
Is that a demonstration of what a CFP does for their clients? 
Posted on 2/19/14 at 10:38 pm to RebelOP
quote:
In short a paraplanner is a person who works with a Financial Planner or Financial Adviser and completes a number of the non-client facing tasks involved in preparing and administering a Financial Plan or Report for a client.
Go here LINK
Thanks! So just to clarify, do I need a certificate/certain experience of any sort to work in a paraplanner job? I looked at the article but it said the support paraplanner, or entry level position, still needed a certificate.
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