What kind of education or training does it take to become a financial adviser?

Jump to Last Post 1-5 of 5 discussions (6 posts)
  1. Victoria Lynn profile image87
    Victoria Lynnposted 11 years ago

    What kind of education or training does it take to become a financial adviser?

  2. kthix10 profile image79
    kthix10posted 11 years ago

    My hubby is a portfolio advisor, so basically he manages money for people who have way more than us.  He has a BA and then got his type 63 & Series 7 certificates - I think the 7 is for trading though.  The 63 is all about the laws - Basically is is more about finding a company that will hire you and then put you through the training.  You have to be sponsored by a company to keep up the certificates.

  3. Inventurist profile image75
    Inventuristposted 11 years ago

    kthix10 hits the nail on the head below for the basics. Becoming a CFP, Certified Financial Planner, requires different levels of training and certification depending on where you are on the planet. But that still is only part of the answer.

    Genuine interest in performance and an understanding of 1. the clients needs and 2. the market and how it works are what grounds the greatest performers.

    People hire people to handle there money for a few different reasons. Sometimes they don't trust themselves with the money and somehow feel that someone else can be trusted more than themselves. Sometimes it is because they know the other guy/gal MUST know more about money than they do, or sometimes they are just either bored with or not interested in learning about what makes that kind of thing work.

    Whatever the motivation, trust, honesty and integrity are key to being the person who should succeed for all concerned.

  4. arb profile image78
    arbposted 11 years ago

    After perusing my current portfolio, it appears the completion of kindergarten is sufficient!

    1. Victoria Lynn profile image87
      Victoria Lynnposted 11 years agoin reply to this

      LOL!

  5. LandmarkWealth profile image67
    LandmarkWealthposted 11 years ago

    It depends on whether you want to be a sales person or a financial planner.  If you work for a brokerage firm you'll be sponsered to take the Series 7,63 or 66 and potentially other licenses.  These however have NOTHING to do with REAL advice or financial planning. They are basically exams that cover what you are or aren't allowed to do.

    If you're serious about working as a true financial planner you'll pursue the CFP designation.  There is an alphabet soup of profesional designations in the field.  Only three hold any status within the field.  For a Financial Planner working with clients it's the CFP or the ChFC.  Both are basically the same course work.  ChFC is more common for people originating in the insurance industry and does not require the 10 hour final exam.  If your goal is to work more on the portfolio analysis side then pursue the CFA.  All require at least a Bachelors degree before you can use the designation as well as a certain number of years of industry experience.

    One big differnce with the CFP for example is that it is a designation not a license and requires that you abide by a fiduciary oath on behalf of the clients.  As a comparison I can tell you that the series 7 was about 1/20th the course work of the CFP.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)