I want to become a Financial Advisor, but have no experience. How would I go about this?
Question:
Answer:
Hi
You need either CeFA or FPC and if you want to do mortgages you will also need CeMAP as well.
the term "financial advisor" can mean a lot of things today unfortunately. I think some idiots who are mortgage brokers even call themselves that. I am in the investment management field and I would recommend you define what part of financial advisory you want to do...individuals, corporate, or work on an institutional fund analyzing companies for investment. In any case, the more finance and accounting coursework you can take the better. Be aware that you will be offered all kinds of sales positions in financial services with no experience. the reason is they don't commit to you other than giving you a big phone book and telling you to go get some clients. anyone will take you as a stock broker and try to train you. the question is will you survive that brutal path? I would try to get work where you are doing analysis of stocks or real estate or something rather than selling. when you learn how to do good analysis, you will bring more to the table if you do go out and try to get clients in a different role. good luck. don't rule out an MBA either. It is the "right of passage" degree in most higher level finance positions.
Find more blondes who would listen to u, and u will be a financial advisor !
none, its not your money you gamble with, just brag about getting it right and ignore you bad advice which didnt work
You should be Cmap qualified to be a mortgage consultation.
Not sure, I am an estate Agent.. I think it just takes getting into the right company and working your way up
maybe chartered accountant
You need to get a PHD in Smarminess, grow gills and fins, and buy your suits from 'Next'..
http://www.cii.co.uk/cii.aspx is a good place to start.
i have worked in finance for 2 years you have to go to uni and study it.its a boring job trust me
You will need full Financial Planning Certificate or similar but the employer you apply to will pay for all this if you are a suitable person (most take on inexperienced people) and this is whilst you are being trained and paid a salary.
Apply to one of the big banks, get the training, build up relationships with worthwile clients, then get a job as a self employed IFA and take these clients with you.
Dont worry about it being unethical, the banks will dump on any employee when it suits them.
The ability to lose someone elses life savings and still sleep at nights.
You need CF1 to CF5. It used to be called FP1,2 and 3 but they have recently changed it.
Go to www.cii.co.uk and it will explain all.
More Related Questions & Answers...