What kind of education or training does it take to become a financial adviser?
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.
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.
After perusing my current portfolio, it appears the completion of kindergarten is sufficient!
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.
by Michal 12 years ago
How do you invest? Do you use a financial adviser or follow stocks on your own?
by jgrimes331 15 years ago
Have you ever turned to your bible for financial advice? Why not? Do you only use the Holy Bible a as 'in need crisis' basis? The same way someone dying of cancer might need? Why is that? I find that it has never occurred to most people to turn to the Holy Bible for...
by Scott Belford 5 years ago
Over 15, close or very close associates of Donald Trump or his campaign have had contacts with Russia and Russian spies. How can this not be a conspiracy that Trump didn't know about??- Flynn - National Security Advisor (pleaded guilty)- Sessions - Former Attorney General (fired by Trump for...
by Rohan Jagtap 10 years ago
What is the Difference between Advisor and Adviser?I do not understand the difference between the meanings of Advisor and Adviser. Do we use these two words for different specific purposes? For example, Financial Advisor. Can we use "Adviser" instead of "Advisor" in this example?
by Castlepaloma 2 years ago
Biden Covid adviser says it's not worth people living pass age 75.https://www.dailymail.co.uk/news/articl … st-75.htmlWatched a movie called Soylent Green with Charles Heston. Where Senior were eaten for food.Made in 1973 showing the world in 2022. Interesting similarity.Do we eat...
by Susan Reid 11 years ago
Washington Post says Romney NOT vetting Rubio as Veep -- yet.He's also not vetting a lot of other people. Apparently he's adament not to repeat McCain's mistakes.But look who he IS vetting. Hmmmm.Comments???FRANKENMUTH, Mich. — Mitt Romney’s vice presidential search team is not seriously vetting...
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
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 DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This 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 Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This 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 Libraries | Javascript 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 Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This 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 YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This 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 Login | You 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) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We 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 Pixels | We 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 Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore 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 Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |