Financial advisors advise business and clients on where to invest their money to make the most gains. An interesting and rewarding role, it would be attractive to those working in the financial industry who fancy a more hands on role with their clients.
Who can I work for?
You can work for companies in the financial services industry, including banks, insurance companies and government-sponsored enterprises.
Where and when can I work?
This depends on the size of the company you wish to work for but the larger companies will be in cities. Hours can be long, meaning some evening and weekend work. You can choose to work independently enabling you to choose the hours you work.
What can I earn?
The money you earn in this role greatly depends on your experience, enthusiasm and ability to do the job well. Salaries can vary from £25,000 to £60,000 and be even higher if you work independently.
What are the benefits?
The role is interesting as you get to work with a great range of clients with different financial needs. You can also receive commission for financial products you suggest.
Are there chances of promotion?
Promotion really depends on your level of experience and expertise. The more knowledge you have around different financial products the more varied clients you will be able to work with. Most advisors specialise in a certain area though and this seems to improve promotional opportunities.
What will I be responsible for?
You will be responsible for working closely with clients to advise them on what financial products and tools they should use so their income remains balanced. You will also ensure your clients allocate their assets in categories of risk that they can deal with.
Do I need any experience?
A finance-related education up to at least degree level is essential for this role. Any accountancy-related courses on top of a finance qualification would be beneficial.
What attributes are needed?
You should be approachable, business-minded, patient, good negotiation skills and a great attention to detail.