What does a Financial Advisor do?
|Citation||Retrieved in 2017 from BLS.org|
A financial advisor assists a client plan their short and long term financial goals both. These goals may include saving for retirement, college education, and ensuring a client has the appropriate insurance plan to secure a sound financial future. Their primary goal is to provide advice for financial security.
How to Become a Financial Advisor
In order to be a certified financial advisor, a bachelor’s degree in finance, economics, accounting, business math, or law is required. A master’s in business administration would certainly improve your career opportunities as well. Taking investment and risk management courses is highly recommended along with courses in taxes and estate planning.
Job Description of a Financial Advisor
A financial advisors assist clients with their financial planning. A client’s life may change unexpectedly as well, so financial adjustment be needed. For example, there may be a death in the family, marriage or divorce, a chronic illness or disability, or the person may come upon a large sum of money.
A financial advisor can assist with the planning of college preparations for themselves or their children. Although most financial advisors work in offices, one quarter of them are self-employed. They may attend conferences and seminars in order to network and market themselves in order to meet potential clients.