How To Be A Financial Advisor

I will soon be getting a fairly large inheritence from the death of a relative. I'm in my mid twenties, still have two years of college left, so I'll need to get a financial advisor but I've heard of a lot of advisors ripping people off or not working for their best interest. How do I choose a reliable one?

Make yourself into one. That is the best advisor you will ever get.

Take and put the money into liquid funds at Schwab or Fidelity. Then invest it as you learn how. Small amounts at a time. Liquid funds at these brokerages pay 4.92 Yield on money market (5.03 APY) and on Yield Plus the yield on that is 5.68% and an APY of 5.88

Dont let the banks or the Merril Lynch's steal from you.

2007-04-15 15:50:09 by Dawood

www.bestfinancialadvicesite.co m presents the consumer awareness guide video series to choosing a financial adviser. In this video, module 4, you ...

Hi. I am currently a Finance student seeking a future job as a Financial Advisor. I am still in school but would like to start building my experience in the Finance industry. Where can I start (entry level positions)?

Any advise would be helpful.

Thanks!!

find a securities firm that will back help you become licensed... then study and pass your series 7 license... thne find 20 million dollars of other peoples money to invest and be paid 1% per year to manage it while dealing with everyone hind sight and second guessing as other brokers actively recruit your clients and you sit on the phone cold calling people and asking them to give you money to invest.... find another 10 million from strangers and get paid 1% of that each year also..only keep 1/3 of what the client pays..if that... then get layed off for not producing enough comissions and have the company that hired you bad mouth you and try to keep all of the clients your recruited... get hired by another firm... have your income cut by 75% .. start cold calling

rinse and repeat...
then become a mortgage broker at the peak of the re-fi market...

2007-06-11 12:52:51 by LJO

Price: $95.00

I recently got hired at Waddel and Reed and will be training to be an entry-level financial advisor upon completion of 3 licenses. Having formerly been a teacher, am I going to find it much more difficult than I can imagine?

The tests are a joke. Most financial advisors are nothing more than salesmen. You will be amazed how much most get paid to do little or nothing. I believe in 20 years you are going to see most advisors struggling due to the availability of information on the internet.

I wish you luck.

2009-01-29 15:09:13 by MusicalFab

Price: $30.00

I went to an evening seminar given by a financial advisor that specializes in financial advice for retirement. I am not in the business field, so how do I know this fellow is on the level? I don't want to give out important financial information to someone I don't know anything about. His name is Trae Wieniewitz, formerly of Louisiana. He now has a business in Knoxville, TN area called Wieniwitz Financial.
Mr. Wieniewitz is CLU and CLA. The brokerage check site was very helpful also. Thanks.

I would ask some friends or co-workers if they work with a Financial Planner at all. They might be a valuable source in finding a reliable advisor. Also, find out if Mr. Wieniewitz carries any professional designations... like CFP (Certified Financial Planner), ChFC (Chartered Financial Consultant), ChFA (Chartered Financial Analyst), CLU (Chartered Life Underwriter), etc. I am studying for the CFP and I know their website will verify if someone in your area is a CFP or not. Their website may also be a good source of finding a reliable, credible, and accredited financial advisor.

CFP Board of Standards website: www.cfp.net

I look at it this way... I would not go to a Financial Planner without a designation, because I wouldn't have my taxes done by some one who isn't a CPA.

I hope this info helps. Good luck finding a good Financial Advisor.

2007-03-23 17:02:24 by Haley

I am graduating college with a bachelor's degree in financial management and I am starting work as a financial advisor associate(FAA). I know eventually my pay will be based on performance and how much assets I manage, but for the first two years while you are in their training program you draw a salary. So how much can I expect to make during those first two years?

Never worked with Smith Barney, but I did look at some similar organizations out of college a few years back and the pay was $18k to $24k a year base salary plus commission which was pretty sweet. One place, I forget which, was 24k base OR commish but they provided leads so business was a bit easier to pull in.

2007-09-08 18:22:02 by mark s