How To Become An Independent Financial Advisor

i already have all my licenses ( Series 7&63) and life but i dont want to work for anyone e.g. Merrill Lynch, Citibank, Met-Life since their payout is smaller then what you can earn if you are independent. Is there any firms out there that have a program for independent advisors.

thanks

Edward Jones is semi-independent. You do get your own office and secretary and set how hard and often you work.

If you are trying to be truly independent, I do not think there are that many places that will give you a program for being independent.

Are you experienced? If so, consider becoming apart of the Fee-Only Financial Advisors or a CFP (Certified Financial Planner). If not, I would recommend getting some experience (for 3-4 years) from a firm like Merrill Lynch, Morgan Stanley, or Smith Barney. It will help you once you do go independent.

I was once an independent financial advisor, so please contact me at szulcc@gmail.com if you would like more information about the process and how I did it.

2007-03-30 13:25:24 by andrew p

www.financialplannersalary.com has all the information you need on a career in financial planning. Learn the salary ranges, educational ...

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: $42.50

I've recently got my CeMAP 1,2 and 3 and am just about to join a training course with New Leaf (to become an appointed representative) to do
my CeFAs and eventually Dip FA. They will also train and authorise me to give mortgage and insurance advice as an ifs on a commission basis.
Someone recommended getting a position with a large bank or investment company for a few years first because I don't have any experience.
Would they take on a person with no experience?
If not, do you think it would be worth getting trained up and working with New Leaf for a few years before applying for someone like this?

Stick with them for the time being. IFA firms like people with experience and a track record in sales.

2009-10-08 11:24:00 by Levster

i have cefa and cemap and have been a tied financial adviser for 3 years but now i want to set up by myself using only the web
any idea how i could do that
this is a uk question

Too many scams on the web .. just look at all the fake loan con-merchants 'advertising' here in response to any question about bad credit etc.

2008-12-09 13:46:53 by theriskbasedapproach

I graduated with a computing degree last year, wanting to become a Chartered IFA, does anyone know the route? (preferably self-study)

Contact companies that you are interested in working for, ask them if you could train with them, it just might work. Good luck! :)

2006-07-05 08:02:58 by JustWonder