How to Become a Successful Financial Planner

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Financial planning is all about dealing with finances and making enough money available for your future. To become a financial planner, one needs to be well versed with investment plans that will fetch good returns in the future. This is a respectable and responsible job, since you will deal with people's money everyday. Your clients must trust you completely, and they will leave it up to you to decide what will be best for them in terms of a secure financial future.

If you are an individual who understands the importance of investments, security, and the value for the money, getting a financial planner's job is the ultimate career choice for you. A financial planner earns his salary through commissions for services rendered. A certified financial planner course is a must to start financial planning and is preferred by the clients.

A financial planner's job is to sell investment products to potential clients. The basic profile of a financial planner is sales. The job of a financial planner however entails much more intricate details which are very interesting. A financial planner needs to chart out the income of his clients, compare it with expenses on an annual basis, as well as educate his clients about the benefits of investing in a particular plan or buying a product.



When a client is ready to invest in the plans or products offered by the planner, it is the financial planner's sole responsibility to make sure that the funds are invested in such a manner that the client gets maximum returns. Planning is a demanding area to work in. A good personal judgment works as an advantage to attract more clients for investments.

Financial planning plays a very important role in securing individuals and handling uncertainties smoothly and efficiently. A certified financial planner must be aware of all possible products and the kind of returns a client can expect by trusting him for his hard earn money. Initially, a planner will have to put in long working hours, and getting only minimum money in return.

To begin with, a financial advisor will have to invest about 50 or more hours a week. It is the responsibility of a planner to create and maintain books for his clients, as well as maintaining and updating their portfolios as he earns management fees for doing so.

A financial advisor must be capable of investing the funds acquired from his clients and must have the vision that fits a client's needs and wants, and investing in the right plan at the right time. Once successful in planning finances, a financial planner can become a certified broker and create or join a team of financial planners to work with.

A financial advisor can be certified or not. Clients obviously prefer planners who are certified, and who have also taken a financial planning course. To take a financial planner's job, a candidate must successfully complete courses offered by the financial planner's board of standards. When taking up a financial planning course, an applicant must obtain a passing score of 70% in the series 7 stock brokers' examinations, and also in the series 66 of the uniform combined state law exams.

An advisor who has no certification must have the correct knowledge and vision of investment banking, by which he can attract clients to invest through him. Financial planning involves rigorous sales. The advisor must have the ability to convince his clients, as well as to give them information about the best investment plans, returns, and benefits that they can achieve.

The training course involves hard core sales, and last up to 3 years. There are targets set by brokers for financial planners to achieve in a given time frame. The broker trains his associates to enhance their selling skills.

Anyone with a vision of investment and systematic planning can become a financial planner. An individual who has been involved with finances or worked with banks has an added advantage to become a financial advisor.

Since financial planning is a vast field, individuals have a huge career projection as well. They can also try human resources as a career option, as a financial advisor deals with a lot of clients, understands their requirements, and helps them with the best possible options. Financial planners can work as auditors and chartered accountants for organizations, and with huge investment knowledge, they can become insurance agents or real estate brokers.

The average salary of a financial planner is $58,000 annually. Initially one might not get a good salary as compared with the number of hours worked. However, maintaining client's portfolio and investment commissions can fetch additional income in the long run.

Many individuals are looking to become a financial planner. This is a respectable and responsible position where one needs to keep oneself updated with the current market situation, and the economy, to make the right decision for potential clients.
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