Financial Advisor
Career in Financial Advisor
Typically, a financial advisor offers or sells you services or products. The job goes by a lot of names, including financial planner, financial advisor and personal financial consultant, but it's rarely called what it typically is: financial products sales. A financial planner helps people to choose investments, insurance and other financial products. They counsel for retirement planning, college funding, and estate planning and general investment analysis.
Key to Success
To be successful as Financial Advisor you should have/ develop:
- Ability to communicate well
- Aptitude for mathematics
- Ability to analyze, compare and interpret facts and figures quickly
- Analytical mind
- Self-starter
- Power of logical reasoning
Career Path
Job Profile
Financial Planners job is to listen, understand client’s situation and find out the proper solution.
Tasks vary depending on the role but typically involve:
- Study and research on marketplace, providers of financial products and give updates of new financial products to clients
- Analyze information and prepare plans, best suited to individual clients' requirements
- Design financial strategies
- Promote and sells financial products to meet sales targets
- Stay up to date with financial products and legislation
- Study, in-depth reviews of clients’ financial conditions, current provision and future aims
- Conduct workshops and seminars on financial planning
What are the key skills required for Financial Advisor
Skill Sets
- Good written & oral communication
- Problem solving
- Computer skills
Work Value
- Accuracy
- Persistent
- Decision Making
What are the career opportunities in Financial Advisor
Current Job Scenario
- Trainees and executives with wealth managers, banks and product distributors can earn Rs. 2-3 lakh per annum
- Sales manager, Relationship manager, wealth manager having 2-3 years of experience can earn Rs. 4-7 lakh per annum
- Retirement specialist, tax specialist and business or regional heads can earn above Rs. 10 lakh per annum
Top Recruiters
- Financial Institutions
- All Mutual Fund Companies
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