What is the career span of a financial advisor?
Answers: It is a professional job and there is no retirement like Advocates and Doctors !!
You can work as long as you are mentally and physically fit !!
We hope that we have not reached the first generation's career span yet. The low threshold for getting into this business however makes me expect that shortly advisers will be in poverty, just too many of them trying for limited customers.
Now the up side is that an adviser worth a plug nickel should have learned how to get money from other investors and keep them from getting hers.
Do you mean how long do you work til you retire? Probably the same like any other professional gig. It takes a little while to get off the ground since you need to build your book of clients (1-3 years), from there it depends if you are looking to build a team or work by yourself.
Some FA's build teams that include accountants, tax advisory, and insurance. Others only buy and sell stocks and bonds. It really depends on what area of the business you are looking to concentrate in.
If you go independent it will be a matter of establishing your network to secure business as you won't have the big name behind you any more i.e. Merrill, Morgan, UBS etc. I see many brokers going this way within the first 10 years in.
If you work for a bank tho it will be hard to leave behind your stock options, especially if you're a smith barney or merrill broker.
As long as you want it to be. If you generally like the position then you can do it for your whole life if you would like.
Should I be getting salaried more than I am immediately?
I started at a job contained by the "richer" area of Indiana almost 1 1/2 years ago. It is a franchised eBay store. I started at $9/hr, after quickly become "assistant manager" to $9.50/hr, then $12/hr on pay. I recieve my last lift up about 7 months ago. At the time of my end raise, we have another employee who be the 'manager' and she was recieveing $16+ an hour. I am very soon the only hand. I open and close the store and sometimes, I am here by myself. One of the owners (or both) will come within for about partly the week on average. It's a nice environment because I get time to myself sometimes but I do alot. Should I be getting more than $12/hr short benefits?Answers: how much you should make depends on the business flow.
if you work by yourself i interrogate how much more they can afford to pay you and still be profitable. how much of what you do is in reality putting dollars on the bottom line? how much of the actual business side do you manipulate or are you just involved contained by the customer service side of the business? do you know enough give or take a few business in common and this business in hard to please to run the business on your own?
your rate of pay may be carnival and equitable for the job you do, to abundant unknowns for us to say one instrument or the other. if you enjoy the work and quality you can handle more responsibility next talk to the owners going on for increased responsibility and increase in earnings accordingly. perfect luck.
Because it is franchised, I guess the owner can pay what he think is reasonable. To step from $9 to $12 in a year and a partly is quite honest, I would say. Managers do get hold of more money and I don't think it is a correct idea to compare or ask others how much they construct. She probably has more experience and possibly more training. If you want more money, then I would approach the owner but I expect you are making a fair remuneration for retail.
Have you even very very hardworking within certain days? How many high yield job u did on that days?
Answers: I'm sorry, but I do not understand your question. Could you please rephrase it? Thank you!