Pros and Cons of man a Personal Financial Advisor?

I'm interested in this occupation. I would close to to help others plan for time events, retirement, investing, getting out of debt, saving for college, etc. Chances are this would involve working for an independent firm, or human being self-employed.

Does anyone with experience own any advice, or opinion? What is a normal afternoon on the job close to? Any pros/cons? Is there a well-mannered sense of satisfaction? Is it stressful? What are the hours? Is at hand a lot of travel involved? Is it difficult to break into?

Any thinking would be great. Thanks!

Answers:    Hi,
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Generally, you sign on with a big company, but you are an independent contractor. You retribution your office expenses. you rate is your profit, after everything has be satisfied. And you get rid of your "clients" the mutual funds and annuities your company tells you. You can get money doing it, but it isn't the dream job they variety it out to be. It is a hard-sales job. You are required to get hold of your own clients through cold-calling, and prospecting. You will be paid a low groundwork, but generous commissions.

If you do not bring within their stated minimum revenue after 3 months, you are on warning, and after 6 months, you're out. IN some companies, close to American Express, it may be a lot smaller quantity time than that.

It is a very stressful assignment, and because you really need customers, you tend to ask friends and acquaintances, which make you little better than a life insurance salesman.
You may want to look at Primerica. It may not be for you, but it does provide adjectives you are looking to do. It is commission only and you enjoy to create your own market. Cold Calling is unacceptable (at the very most minuscule, in our department it is not).

I find it very substantial but not stressful in the smallest. Hours are what you make it and travel is up to you.

As next to any agency you are independent of, it takes time to build. As beside any independent firm, the only true method to be successful is to not only build your client podium, but also to have agents lower than you that you override. The more of both, the better. You personally can one and only help so lots people.

However, Primerica have Analysts and not Advisors. Just do your research at the offices and ask question of the agents themselves.
There are no Pros. The Cons are you have to find your own clients, which is rugged.

I do financial planning on the side for friends and family for free. And my sunshine job is working contained by the portfolio department for a bank. I close to this better because I can give them honest suggestion and they trust me.

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