1. Becoming a Financial Planner
The following article lists out the educational qualifications and skills required for becoming a
financial planner. Read on to know how to become a financial planner and analyze whether you have
what it takes to be one.
As is true with all finance fields, the basic requirement for becoming a financial planner is that you
should be good with numbers. As you will be dealing with money, numbers, investments, and savings
day in and day out, you should be quick in your calculations. Of course, this is just one of the basic
things needed to enter the and financial planning field. Scroll down to know in detail how to become
taxes a financial planner, but first, what exactly does a financial planner do?
Financial Planner Job Description
As the name suggests, a financial planner plans the finances for an individual. People these days
earn a lot and have money at their disposal. However, in order to put good use to this money, they
need someone to guide them on how much to save, where to invest, the amount of taxes to be paid
and how tax money can be saved, insurance, their retirement planning, etc. This is where a financial
planner comes in. A financial planner takes into consideration the current financial tough status of
an individual - his salary, lifestyle, earnings, etc, discusses his financial priorities and goals, and then
finally charts out a financial plan to reach that goal. He advises his clients on the various investment
options available as well as how much they should save on a monthly and yearly basis. Whether it's a
DUI attorney or Car Wreck Lawyer. Dallas has what you need. Thus, along with mastery over
finances for a financial planner career, you should be good in dealing and handling people as well.
Also, you should be a good sales person as you will be selling various investments to your clients if
you plan to work for an investment firm in the future and make a career in financial planning.
2. How to Become a Financial Planner
Although, a thorough understanding and experience in the finance field that is required for
becoming a financial planner counts more than a bachelor's degree, which by the way is not a pre-
requisite, yet looking at the kind of competition you have to separate yourself from the rest, it would
be better if you have one. So, one of the first steps in how to become a financial planner is to
complete your four-year college degree in either finance, economics, mathematics, business or
statistics. It would be even better if you can include courses on tax planning, risk management and
investment in your degree. Studying full-time will help you in getting in-depth knowledge of all these
fields.
To further lend credibility to your financial advisor and planner profile, it is advised
3. http://www.chron.com/blogs/ that you obtain the Certified Financial Planner (CFP) certification
issued by the Certified Financial Planner Board of Standards. For those who want to know, "how to
become a certified financial planner", you need to meet certain education and work requirements
and also need to clear an exam, which tests a candidate's knowledge of the various financial
planning and management processes such as investment planning, tax planning, retirement
planning, risk planning, estate planning, insurance planning, and
http://cynicalammonia605.webs.com/apps/blog/show/42136257-breast-augmentation-common-costs-
and-financial-options-that-which-you-should-know employee benefits planning. Some of the degrees
that meet the education criteria of this certified exam are Certified Public Accountant, Doctor of
Business Administration, Licensed attorney, Chartered Financial Analyst (registered), Chartered
Financial Consultant, Chartered Life Underwriter, amongst others. To know in detail about the
education and work requirements as well as the examination for becoming a certified financial
planner, visit the CFP website.
This was in short about how to become a financial planner. Once you complete your education, you
have the option of either working on your own or joining an investment or financial consulting firm.
Although, benefits of a financial planner are quite clear to people today and there is huge demand
for them, yet to get clients initially on one's own may seem difficult. That's why, the best way to be
successful in this field is to first gain experience in financial management and planning (banks are a
good place to start), build a reputation in this field and then venture out on your own.
