Financial Advisor Duties

To put the good of the client ahead of his/her personal gain.

2008-04-06 18:25:35 by my_belovd

A personal financial advisor can make between $20000 to $3000000 a year based on experience and job performance. Learn about the salary and ...

The duties are
Sell financial products such as stocks, bonds, mutual funds, and insurance if licensed to do so.
Build and maintain client bases, keeping current client plans up-to-date and recruiting new clients on an ongoing basis.
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
Answer clients' questions about the purposes and details of financial plans and strategies.
Review clients' accounts and plans regularly to determine whether life changes, economic changes, or financial performance indicate a need for plan reassessment.
Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, and other information needed to develop a financial plan.
Recommend strategies clients can use to achieve their financial goals and objectives, including specific recommendations in such areas as cash management, insurance coverage, and investment planning.
Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
Research and investigate available investment opportunities to determine whether they fit into financial plans.
Explain and document for clients the types of services that are to be provided, and the responsibilities to be taken by the personal financial advisor.

2008-06-15 22:46:32 by dida

Price: $508.00 $370.84

You provide guidance to individuals and families about their income, investments, taxes and financial planning. See the Forbes article that explains where to learn more: "There are now about 100 university financial planning programs across the country, including at schools like Kansas State University, Virginia Tech and Texas Tech, where students take classes on retirement planning, risk management, estate planning, tax law and the latest planning technology."

2009-07-20 07:43:16 by Kirti J

I am looking to join the military as an officer. Currently I work full time as a financial advisor, does my employer have to hold my job by law while on active duty? If so do you know where I can find documentation or what the law is called?

Only if you're National Guard or Army Reserve. And then you must be ordered onto active duty.

If you volunteer to do an AGR tour, say three years, your employer is relieved of this obligation.

If you're ordered onto active duty, for let's say 730 days to mobilize, got through training, spend a year Iraq, and demobilize, they would have to hold your job for you.

2008-03-28 08:01:24 by RF1414

Okay, I'm not really sure how this all works. But, I go to a private college so it;s really expensive. The financial aid advisor said that I can take out whatever I dont use in my tuition for living expenses. So, if I get awarded 10,000 a year, and I use only 8,000 for tuition than I can take 2,000 or something.

Well, I am at my limit..lol, so I cant take any.

BUT, my husband is also getting ready to start in a few months. He is active duty military, and he is going to apply his GI bill for his first year. Which, is 10,000. So, since basically he is using his GI bill for that money he would technically have 10,000 left over, so can he take that 10,000 as living expenses?

How does that work? I dont see why not?

Okay, I'm totally confused by your question, but let's see if I can help.

Money awarded for financial aid is intended to contribute to the student's Cost of Attendance - a financial aid term that includes:

Tuition
School fees
Books
Room and Board
Other miscellaneous education-related expenses

That final category is broad, and can include money for transportation to and from school, an allowance for a computer, and even childcare that allows the recipient to attend school.

Every school estimates the approximate cost of attendance for an average student, and that Cost of Attendance estimate becomes an important part of the financial aid analysis.

So - to answer your first question - financial aid that you receive is first used to pay off your student account - and any remaining money is returned to you, so that you can pay for books, room and board, and other school expenses. That's the way the system is designed.

As far as your husband's GI Bill benefits: Again, those funds are intended to contribute to the entire cost of attendance, not just tuition. The only caveat is that your husband's eligibility for additional forms of aid (Stafford loans, Pell Grants, etc) will be impacted by money he receives in the form of GI benefits.

When you complete the FAFSA application for next year, your Expected Family Contribution score will be affected by the fact that your husband will be attending school. Be sure that you fill out the FAFSA carefully, so that you can qualify for the maximum possible financial aid assistance.

Good luck.

2008-11-19 13:47:39 by usafwife