Working As An Investment Advisor

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February 9, 2010

To become an investment advisor, you’ll need a college education to understand the inner workings of the economy and finance sector. Most people working in financial advisory services have a bachelor’s degree in business, economics, finance or accounting. Many students work as interns for the summer during their junior and senior years, which enables them to walk out of school and into a full-time job. Aspiring agents are usually offered paid schooling to achieve their MBA, so they can take on higher level management positions. On-the-job training is extensive for financial advisors, with frequent seminars and conferences to keep abreast of the latest topics in the industry.

Here is an idea of a typical day for investment advisors. They will begin work around 8:30 am, which entails spending some time checking voicemail, emails and returning phone calls. Online, they will review closed loan and mortgage rates and consider a few possible solicitations. At 9:30, they’ll be on their second cup of coffee as the first client steps in. The customer’s portfolio will be reviewed and the client will be given stock information, financial guidance and loan repayment advice. An hour later, they’ll enter information into the customer contact system. Lunch is at 12:30 and at 1:30 there is a meeting with another customer who is looking at maximizing retirement contributions. At 2:15, they’ll set up more appointments from the marketing department’s lead list and follow up on mortgages. At 3:45, another client wants to do something with the hundreds of thousands sitting in his checking account. At 4:30, a meeting with management to discuss the day’s transactions and prepare for tomorrow’s customers. It’s all in a day’s work for a financial advisor.

One task of an investment advisor is to sell financial services like banking products, securities, insurance and credit card programs. Most independent financial advisors are called “brokers.” They sell securities to people each day and make money by finding lower-priced securities and reaping a service fee. To build a client base, there is a lot of solicitation and networking involved. Some advisors obtain customers through public speaking ventures as well. When agents retire, some young aspiring advisors receive the retired broker’s clients too.

Rene Lacape is a seasoned insurance agent. He has been dealing with both corporate and individual accounts for several years up to the present. If you need him, you can check his website and give him a call. Act now.

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