How to become an independent financial advisor?
Question:
thanks
Answer:
Edward Jones is semi-independent. You do get your own office and secretary and set how hard and often you work.
If you are trying to be truly independent, I do not think there are that many places that will give you a program for being independent.
Are you experienced? If so, consider becoming apart of the Fee-Only Financial Advisors or a CFP (Certified Financial Planner). If not, I would recommend getting some experience (for 3-4 years) from a firm like Merrill Lynch, Morgan Stanley, or Smith Barney. It will help you once you do go independent.
I was once an independent financial advisor, so please contact me at szulcc@gmail.com if you would like more information about the process and how I did it.
Is there such a thing as an IFA anymore? I used to work for a pensions and investments company and we were told that we were no longer allowed to refer to them as IFAs, just Finacial Advisors? I'm pretty sure this happened at our competitiors too. No idea why. Would be nice to find out why
You might try hooking up with lawyers who do settlements or estate planning,. Or an income tax return service is a good fit for investment advisors. Looking at their tax returns is a good start for investment advice. Form a network with people who deal with others who may have money to invest. Kind of like being subcontractor for the investment portfolio portion.
Send me your resume.
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