Didier,+Jack

This report is by Jack Didier

A financial advisor is someone who helps their clients reach their financial goals which might include protecting their assets, managing wealth, saving money for retirement, and paying for the expenses of educating their children. The employment of financial advisors in 2009 is 197,600 people and keen competition is anticipated for these highly paid positions. Growth in the industry will create many new positions, but there are still many more people who would like to enter the occupation. Almost 1/3 of all financial advisors are self employed. Being a financial advisor requires education, experience and can be very stressful but it can also be rewarding in many ways. To be a financial advisor, there are many education and skill requirements. These requirements typically include a bachelors or graduate degree in finance, business administration, accounting, statistics, and/or economics. Also, certification is recommended by most employers and can enhance their professional standing. Financial advisors may obtain the Certified Financial Planner credential, often referred to as CFP. This certificate is issued by the Certified Financial Planner Board of Standards and requires 3 years of relevant experience; the completion of education requirements, including a bachelor’s degree; passing a comprehensive examination, and adherence to a code of ethics. Good interpersonal skills are needed and an aptitude for working with numbers is very important.

Being a financial advisor has many rewards including the salary. The salary for most starting financial advisors is between $66,120 and $145,600. There are a few different ways that financial advisors are paid. Some of them get paid by the hour. This means that if they are on a business trip they get paid for the time that they are in the meeting and some of their travel time. Some financial advisors get paid fees by their clients. This means that if they are on a business trip, their client pays them a fee in which all of the costs are included. If they are good enough, they can be self-employed, then they don’t have to be 'working for the man'. One of the other rewards is the satisfaction of helping people

The job of a financial can be very stressful at many times. This is mostly because of the ups and downs of the stock market. The stock market is the public market for the trading of company stock. It can change very quickly, especially if the economy. Financial advisors are involved in the stock market because they help their clients choose which stocks to invest in so they can get the most money out of it. When the stock market goes down, the value of each share of the company goes down and it cannot be sold for as much so the client will not get as much money or even loose money. .

The workload of financial advisors is standard business hours, but they may have to attend meetings at night or on the weekends. They also may have to travel all over the country to meet with clients and these trips can last more than one or two days. This creates some disadvantages, especially for people with families because they won’t get to spend as much time with their families. The travel also has some advantages because they get to visit some parts of the country that they may not visit otherwise.

A Personal Wealth Management Financial Advisor is one of the jobs that I would like to have when I grow up because my dad has this job and he really has fun with it and really likes it and I think I would too. Education and experience are required to be a financial advisor. The job can be very stressful, but it can also be very rewarding.

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