It does not matter if the US economy is slowing down, the demand for financial advisor is still high.

Such skills are always in demand and the demand will be even greater once the economy turns around.

So get prepare well for this lucrative career.

Financial advisor must have at least a college degree and a good knowledge of complex financial markets.

You also need to have a good grasp of the ever-growing complexity of the financial industry is essential to conduct technical financial analyses. Having good industry knowledge is not enough.

Financial advisors business is people business. You need to earn the trust of your client if you wish to make a good living out of financial career.

The main requirement is to have a license. You need to take examination to get the license.

The license will allow you to represent clients in financial advising. However, there might be some differences in the licensing requirements at different states.

However, most will require sponsorship by brokerage firms such as American Express or Fidelity.

It is a requirement to work work with a registered brokerage firm for at least four months, before they can work independently, once the exam is passed.

Many states also require the financial advisor to pass a secondary test, with the focus on testing the candidate’s general knowledge in securities, stock business and a good understanding of customer protection laws, procedures and liabilities.

Such courses are usually conducted through internet as the candidates are often working professionals.

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Tags: Insurance

This entry was posted on Saturday, September 6th, 2008 at 2:06 pm and is filed under Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.