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How to Become a Financial Advisor - John B. Wilson

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John B. Wilson discusses how to become a financial advisor in this in-depth presentational blog. For more information, please visit JohnBWilson.net!

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How to Become a Financial Advisor - John B. Wilson

  1. 1. HOW TO BECOME A FINANCIAL ADVISOR PRESENTED BY JOHN B. WILSON JOHNBWILSON.NET
  2. 2. INTRODUCTION In today’s economy, a financial advisor is a key ally for everyone from retired couples to new employees and everyone in between. Since most employers have abandoned their long-standing position as a source of pension and health care benefits, even for retirees, the burden of providing for a family post- employment has fallen on the individual, and most individuals do not have the time or the training to pick up the slack. There are many kinds of financial advisors, and each has different licensing and education requirements state to state and industry to industry. If you are considering becoming a financial professional, here are some things to consider. J O H N B W I L S O N . N E T
  3. 3. Some contend that the catch-all title of a financial advisor should only apply to those people who never intend to turn their clientele into a customer base for products. While that is a fine idea, the practical reality is very different. Anyone with a fiduciary responsibility to their clients is by definition a financial advisor, as they have a legal and ethical responsibility to give their clients good advice and to provide them with the tools and knowledge to secure their investments. This means that a simple stockbroker with a Series Seven license is technically a financial advisor and can work with clients to build effective portfolios over time. It is simply an enhancement of their basic business of selling investments. TRADING J O H N B W I L S O N . N E T
  4. 4. Many executive financial advisors start out in the banking industry, often at a retail bank, and work their way towards establishing advisor/client relationships with their customers over time. The best feature of this path is that a bank affords individuals elaborate and relatively inexpensive ways to pursue various certifications and knowledge objectives. Learning the basics of investing and financial goal achievement is much easier when you have the relationships of a major regional or nationwide bank. THE BANK CAREER PATH J O H N B W I L S O N . N E T
  5. 5. If you want to develop your own business, you’ll need to remember that any sales of financial products by you to your clients will require various national and state licenses. FINRA, for example, administers the SIE (Security Industry Essentials) Exam, along with the Series Six and Seven certifications for Variable Contracts and General Securities sales respectively. At the state level, if you plan to sell annuities or any kind of insurance product, you’ll need to pass a state exam to be licensed. Being a financial advisor can be a very rewarding career, mainly because you get to be a part of your clients’ lives and help guide them through the challenges of building a home and family and working towards a healthy and plentiful retirement. INDEPENDENT
  6. 6. THANK YOU! For more information Please visit JOHNBWILSON.NET

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