How to Become a Financial Advisor

Working as a financial advisor is a well-paying and rewarding career that utilizes analytical, mathematical and psychological skills. Financial advisors work with both people and numbers to circumvent financial troubles and create wealth. Read the tips listed below and learn about how you can become a financial advisor.

  • Education Though a bachelor's degree is not a strict requirement to work as a financial advisor, it is recommended. There are many areas of study that will assist financial advisors in their practice, including economics, statistics, math, business, estate planning and investments [source: Mozdex].
  • Certification Obtaining certification is not a legal requirement in the financial field, but it will make your practice more creditable to prospective clients and provide you with supplementary knowledge. As such, being certified is a distinct advantage. There are numerous organizations throughout the country that offer courses and examinations, and that will award you with the desired credentials for a career in financial planning [source: CFP].
  • Training It's advisable to undergo a training program to obtain the experience required of a financial advisor. Many of the country's large brokerage firms and banks offer paid training programs. As well, they will often assist you in obtaining the regulatory licensing required to work in specialized fields, such as selling mutual funds and annuities [source: Adams].

Remember that financial advisors don't only work with numbers. They also work with people. It takes life experience to be able to empathize with clients and provide them with financial advice specifically geared toward their economic situation. Because of this, many financial advisors embark on this career later in life, as a second career [source: Adams].