Financial Advisor In The Uk

What are the standard qualifications that financial advisors hold in the UK? With a general finance background working in Industry how can I become a financial advisor for high net worth individuals and the general public?

Lying through your back teeth whilst keeping a straight face,no morals what so ever, and one or two bits of paper from the IFA.

2008-08-24 13:45:54 by firefox

Bird and Fortune on the Credit Crunch.

I would like to become an IFA. How do I qualify and what is the name of the authority that sets the exams and gives the qualifications?

the cheapest and fastest way I know of is to join the CAB or do a CeMap course.

All that's required for the former, is for you to call your local CAB (Citizen's Advice Bureau) and they'll send you the appropriate form to fill in.

It starts off as voluntary work, with free travel and training in various areas, you'll pick the financial side of things, and I think you can even specialise intow what kind of financial advice you can do.

You'll have enough training and experience if you do this even part time within two years.
Another way of course is to register to do CeMap training (just google it)

it's relatively cheap compared to the benefits you'd get once you get a job or start business, the average person that gives mortgage advice for example gets an average £10,000 for every sale that results from a talk with him... and of course if you're employed, you don't have to make a sale to get paid, you just have to attend the interview and offer fairly average to good customer service!

2006-11-14 04:04:07 by jerjc99

Price: $25.95

Hey,

I have checked out some financial advisor/planner jobs and they all require CeFA qualifications etc. But do you need to go to university and backup those qualifications?

No. CeFA is the Certificate in Financial Advice awarded by the Chartered Insurance Institute. The usual career path is to get a clerical job with an insurance company while you study for the exams, then get a job as a financial adviser once you've qualified.

2008-07-21 13:29:44 by NextMove

Price: $7.99

i.e. who invests in the products he recommends.
people are missing the point of my question I want the name of a UK financial advisor who is prepared to back up what he says to me, by not only assuring me of the products success, but proving his confidence in the product by investing in it himself. I am well aware that some products are better suited to some people more than others. I am not asking the question for financial advice I am asking for help in locating it.

I think most fund managers (not advisers) put a lot of their money in the funds they ran, but of course that does not ensure success. Essentially investing depends on luck.

Until a few years ago financial advisers had their own funds, but their performance was highly embarrassing and they had to stop them.

Now they just have a recommended list of funds from different managers which they update every year so as to include the best recent performers. Of course this is a fraud, because past performance is not related to future performance.

2007-06-23 07:54:15 by terri d

Hi,

I've come to a cross roads in deciding what I want to do and narrowed it down to two fields, financial adviser or IT technician/engineer. I'm an IT technician now, but I'm concerned about my future prospects in this field i.e. outsourcing and offshoring, as well as the constant need to re-certify to keep upto date, whereas I also enjoy financial analysis and giving advice, which seems to have excellent prospects i.e. can't be outsourced, though with the current credit crunch and a possible economic downturn on the horrizon, this doesn't seem too safe either.

What are the pros and cons of each in regards to future prospects?

hey,

well from my point of view financial adviser is a better job, only because i know a few of them and am also a banking manager myself. Most of the financial advisers i know, all drive sports cars, have huge houses, go on huge holidays basically if you want a job which will make you work for you money, this is it. ok so this job isnt all about the money, that just happens to be a nice part, but this job has so many windows and avenues that you can go down its untrue.

obv you need to pass certain exams etc but once you have done that it really is just watching the market day in and day out and knowing what will be best for your client. its knowing what every bank, building society, online company, stock and share are offering and if you think it would be right for your clinet. so obv you need to keep up to date on the rates, and what new products are out, but if you think you can handle that then i think you should go for.

no offence but to me IT is a tad boring (in saying this i know im probably offending a few people and im sorry but oh well) if you want a job that will make you work, rather than a job that is just a ends to a means then i think go for it :)


good luck :)

katie

2007-11-08 13:14:03 by Henry_82