Questions and Answers Regarding the Job Profile of a Financial Adviser

Posted by on Dec 2, 2012 in Career | 0 comments

Guest Post by Richard White

If you have an interest in finances and have appropriate ‘people’s skills’, you may find the job profile of a financial adviser to be a suitable option for you. Before you decide anything or plan your career in this field, you need to have an idea about the job of a financial adviser and its different aspects.

What does the work involve? The job of the financial adviser is to provide consumers the necessary information about financial products and services and help them make an appropriate choice. The advice can be about investments, mortgages, savings, insurance, and any other financial product or service.

Where do you find employment? You may find jobs in financial services as a financial adviser with banks, building societies, and such other financial institutions. You may find jobs in specialist pension or investment consultancies. You may also work as an independent financial adviser, in a firm or on your own.

How do you enter this field? You could work towards becoming a financial adviser from a customer service role. You could also begin as a Paraplanner at a firm of independent financial advisers. These professionals provide administrative support and research. A strong background in sales, customer service or financial service can be advantageous.

How do you excel in this field? Attaining a professional qualification from an approved institution is necessary for succeeding in this field. Make sure you opt for an industry-recognised qualification that meets the criteria set by the Financial Services Authority such as Diploma in Regulated Financial Planning from the Chartered Insurance Institute.

How much do you earn? If you work as a tied adviser with a particular financial service, you may earn a salary on a monthly basis and a commission. If you work as an independent financial adviser, you may charge a commission or work on a flat fee basis. Whatever you choose, the job of a financial adviser is quite lucrative when you gain expertise in this field.

Where do you look for jobs? You may find available jobs from newspapers, industry magazines and other printed mediums. It may also be possible to find a position as a trainee from the institutions you get the professional qualifications from. The recruitment agencies specialising in financial vacancies may also be of help.

What are the working hours? If you plan to get a job in an office, you have to look for the opportunities available at financial organisations such as banks. However, if you want to work as an independent financial adviser, you may work from your home. If necessary, you may also need to visit clients’ at their homes.

Proper planning and adequate understanding will ensure your success as a financial adviser.

Author Bio: Richard White is a writer with years of experience in the recruitment and financial industries. Predominantly a freelance writer he enjoys varying his work and researching new and different approaches to his work. He provides a brief glance at the different aspects of the jobs in financial services in Cambridgeshire.

Photo Credit: Tax Credits