Planner Financial Advisor

I'm not a huge investor, but have realized that I just don't have the time to effectively handle my own financial planning. As such, how do I go about finding a good financial advisor/planner in Los Angeles?

Or, are there some resources on the web that will allow my to efficiently do my own planning?

I suggest you go to Dave Ramsey's website and click on ELP (endorsed local provider) for investments. You put in your area and an ELP in the investment area will contact you or you contact them.

The ELPs listed with Dave Ramsey are very professional and help teach their clients about the process instead of just putting you in stocks or mutual funds you don't understand.

2007-06-03 12:56:03 by JBadge

Discover 3 tips to choose a reliable financial planner advisor in Sydney. Are you going through or planning ,major life changes and like to ...

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

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Isn't a Stock Broker a dying profession because of E*Trade and ScottTrade.

There is a quite a big difference in the jobs of a financial planner, an advisor, and a broker. You can also add the position of a trader to your list. When I get asked by college students what they need to do to get into a job working with the markets, I immediately suggest courses in Finance and Psychology. If you want to be a financial planner, you definitely need to focus on getting your CPA accreditation. I would also encourage you to take courses in futures and options, too often people in the industry are only guided by long positions in stocks and bonds, while futures gives you the opportunity to invest in long and short positions with smaller capital requirements so you get more working capital to play with. Options are even better in giving you a lot of flexibility in longs/shorts from specific stocks to crude oil, to corn. Options are very exciting.

Depending on what exactly you want to do, and spent more time studying it, I would strongly encourage you to be very well rounded on all aspects related to the markets - with courses in Finance, Accounting, Economics, Psychology, Equity Markets, Futures and Options, Stats, and others. As you start to study these, in a Bachelor of Business or Commerce major, you'll be able to identify the areas you find exciting and focus from there.

And you are right in that trading software and electronic platform will eliminate the need for a stock broker in the typical sense that people imagine it to be - a trader working in the pit of an exchange. However this new trend makes it even more important to have great talent managing the trades - the electronic trading is so much faster with so much more volume and absolutely no noise that it is very difficult to get a sense of what the market is saying besides what the tick board says. Gone are the days when we could base our trades on what we saw other traders were doing in the pit, what the chatter in the pit was about, who was making the big trades... now all we see is the price board, and its up to the traders to figure out what is going on. Makes it very exciting and puts much more emphasis on having good traders.

I hope this helps, if not give me a shout. I used to trade in a major exchange, and absolutely love the excitement and dynamic behavior of the market. Good luck to you.

2008-09-13 21:28:18 by Tytus

Price: $60.00

I want to be part of the financial services industry in australia. Have background in economics.

If you are planning to work in the Australian Financial Services Industry, you'll definitely require to be compliant with the RG146 / PS146 policy from ASIC. This means anyone who provides personal or general advice about financial products to their clients require this training.

RG146 / PS146 stands for Policy Statement 146, part of the Financial Services Reform Act of 2001 which is available at ASIC for the general public to read. The first three subsections of the document relate to the training standards for finance professionals in Australia.

There are reputable schools (even distance schools) which offer RG146 / PS 146 training. Look up these sites:

1. http://www.iit.edu.au/
2. http://www.tmaus.net.au

Good luck!

2008-09-21 20:10:34 by JOwens

I have a doctorate in a core science (not math) and have spent 10 years in academic research.

A CFP would be able to be the investment manager of private accounts of individual investors, maybe even a family fund or family office. It's quite a 180 from your previous path, are you sure you don't want to do something that would at least utilize your background? If I were you, I'd try to get a position in equity research focusing on whatever industry you did your academic research in.

2008-05-27 15:01:02 by dalor26