The COMPLETE guide to becoming a Financial Advisor
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- เผยแพร่เมื่อ 16 ก.ค. 2024
- Financial Advisor roles: www.premierjobsuk.com/financi...
Differences between DipFA and DipPFS: www.premierjobsuk.com/blog/di...
An Overview of the DipFA qualification: What is DipFA: www.premierjobsuk.com/blog/ho...
A guide to DipPFS: www.premierjobsuk.com/blog/a-...
What do Financial Advisors do?
Financial Advisors help people to manage and plan their current and future finances. Whether that be helping someone plan their retirement or advising you on how to invest and save. When it comes to finances, Financial Advisors have a large breadth of services they can offer advice on.
Throughout every person’s life, their financial needs and goals grow with them. A person who is looking to purchase their first home, for example, will be thinking about mortgages and life insurance. Someone who is growing older may be thinking about retirement plans and pensions. A Financial Advisor can help with all of these things by devising a detailed financial plan. Financial Advisors look at each of their individual clients’ finances and financial goals and try to align the two. This can involve recommending their clients the best savings accounts, mortgages, insurance services, pensions and even investment advice. A large part of a Financial Advisors’ job is the justifications behind the products they advise. Financial Advisors must be meticulous at explaining their process, in order to explain why they have come to the conclusions that they have, instilling trust in their clients.
An average list of duties for a Financial Advisor can look like:
Liaising with back-office staff
Meet performance and sales targets
Providing advice to clients talking through their finances and plans
Travel to meet clients
Stay up to date with current trends in the market
Source new business
Research financial products and explain them simply and clearly
Update clients about their investments
Attend business meeting
Create marketing literature
Remain compliant
Nurture leads
Develop your career and knowledge
Liaise with product providers
Produce financial reports
Keep up to date with new products and law changes
And more!
Of course, you can easily invest in back-office support that may help with some of these duties.
Continued on our blog: www.premierjobsuk.com/blog/th...
00:00 - Introduction,
00:27 - What do Financial Advisors do?,
02:34 - How much do Financial Advisors earn?,
03:29 - How long does a Financial Advisor work,
04:00 - The benefits of being a Financial Advisor,
04:53 - What are the types of Financial Advisor,
07:17 -Employed vs Self-employed,
10:36 -Qualifications,
12:44 -Desirable Qualities of a Financial Advisor,
14:47 -Different routes to becoming a Financial Advisor,
16:21 - How to write a Financial Advisor CV,
18:01 - Financial Advisor interview tips,
18:38 -Financial Advisor core competencies,
19:49 -Promotions as a Financial Advisor
Good video, thanks for info!😊
Great video I now have an idea of where to look to start a proper career thankyou
Best of luck in your journey!
Hi there just watched your video btw what a levels d you recommend me picking because i am interested in becoming an financial advisor and what grades do i need in college and a level requirements btw what a levels and grades did you get also what degree did you study did you go uni and what degree did you study if you did if not how did you become one and what is the best route after college and list in the comments ater you repply to my message give step by step from what to pick for a level and after college and how to become one thankss mate???
Great video. Definitely considering the financial advisor / planner role for my future. Do you have any particular firms you recommend to aim for when looking for internships and grad schemes for current university students
We work more with trainee roles rather than grad schemes as becoming a Financial Advisor isn't dependent on a degree. You can't legally give advice until you have achieved DipFA, DipPFS or equivalent. Usually, our successful trainee candidates will have a level of financial planning experience or will come from mortgage advice. We haven't personally had any internship vacancies before either, but that's not to say some firms don't have them. Hope this was helpful and good luck!
Can you work remotely with this role and promote your services online
So can you not just do the course/exam and then set up self employed as an independent FA ?
Hey, just want a career advice. Is doing Introduction to UK Financial Regulation & Professional Integrity (Unit 1 of Financial Advisor Course) helpful in getting job in UK as an international student? Apart from my degree Msc Investment Banking and Finance, should I really do this course ?. Also is CIFA a good institute do this course?
Hi Nishant, we don't cover the CIFA so we are not well-informed enough to advise you on this. Good luck with your studies and I hope you find someone to answer your questions!
Yes the UK Financial Regulation & Professional Integrity is part of the CISI level 4 Investment Advice Diploma and will help you secure a role in the industry.
The CISI level 4 Investment Advice Diploma will also qualify you as a financial advisor if you pick the financial planning & advice module.
Fitch Learning offer great exam support!
The qualification consists of 3 exams and also leads onto the CFP which is the highest financial planning qualification in the UK being Level 7.