what does a financial advisor do?
84481
Definitions of financial advisor on the Web:\n\na consultant to an issuer of municipal securities who provides the issuer with advice with respect to the timing, terms, structure, or other similar matters concerning a new issue of securities.\ndnr.wi.gov/org/caer/cfa/EL/Guide/definitions.html\n\nProfessional advisor offering financial counsel. Some financial advisors charge a fee and earn commissions on the products they recommend to implement their advice. Other advisors only charge fees and do not sell any products or accept commissions. Some financial advisors are generalists, while others specialize in specific areas such as investing, insurance, estate planning and taxes.\nwww.enterprisefunds.com/education/glossary.shtml\n\nGenerally a bank, investment-banking company or independent consulting firm that advises the issuer on all financial matters pertaining to a proposed issue and is not part of the underwriting syndicate.\nwww.sternbrothers.com/glossary/glossary.htm\n\nor FINANCIAl ADVISOR A financial institution offering professional advice to companies and also preparing documentation for submission to the regulator, the exchange, shareholders, investors, and the general public for the purpose of public offering of stocks, stock listing, corporate financial restructuring, preparation of a company rehabilitation plan, etc.\nwww2.set.or.th/en/isc/tools/glossary_p6.html
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You should look into becoming a Financial Analyst or Personal Financial Advisor.\n\nClick here for complete information on these careers, courtesy of the U.S. Department of Labor's "Occupational Outlook Handbook, 2006-2007":\n\nhttp://www.bls.gov/oco/ocos259.htm
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A Day in the Life\n\nInvestment bankers advise their clients on high level issues of financial organization. They manage the issuance of bonds, recommend and execute strategies for taking over and merging with other companies, and handle selling a company’s stock to the public. The work thus involves lots of financial analysis, and a strong background in finance and economics is a necessity. Personal and strategic skills are vital to investment bankers as well, for they serve as strategists for their clients, helping them develop their financial plans as well as implement them. At the profession’s highest level, investment bankers serve as crucial figures in the shaping of the American and world economies, managing mergers of multibillion-dollar corporations and handling the privatization of government assets around the world. All this is time consuming, and investment bankers work long hours. Work weeks of 70 hours or more are common, and all night sessions before deals close are the rule rather than the exception. Still, the work is extremely interesting, and those who stay in the profession report high levels of job satisfaction. Investment bankers spend large amounts of time traveling, to pitch ideas to prospective and current clients or to examine the facilities of companies being purchased by their clients. In the office, they spend their time developing strategies to pitch to clients, preparing financial analyses and documents, or working with the sales forces of their banks in selling the bonds and stocks which are created by the investment-banking department’s activities.\n\nPaying Your Dues\n\n\nIn general, an M.B.A., requiring two years of post-college study, is required to rise in the field, though entry-level jobs in analyst programs are available to college graduates who want experience in the profession. Analysts perform much of the grunt computer crunching required in preparing financial proposals, though they often travel to sit in on meetings with clients and sessions in which senior bankers pitch ideas to prospective customers. After two years, analysts usually move on, either to business school or to another profession, though a few are offered jobs as associates, the position which investment banks offer to M.B.A. holders. In many banks, this is as far as one can rise without an M.B.A., though there are exceptions, and a few prominent bankers never went to business school.\n\nAssociated Careers\n\n\nMost commonly, investment bankers who leave the profession go on to financial jobs in-house with a client of their former banking firm, as financial officers and analysts. It is also not uncommon for bankers to move on to management consulting, a field which demands many similar skills. Some bankers get law degrees and become specialists in financial and corporate law, while lawyers sometimes leave their firms to become investment bankers. Bankers who have become sufficiently established, with clients who trust them and reputations for expertise in their fields, can become entrepreneurs, leaving their firms to set up their own investment banks.
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A financial advisor gives you stock IRA advice and such (they actually need a lot of credentials).  A personal banker is a glorified teller/new account sales person.
384231
Bit of a broad question, this one.  You could approach a financial advisor, but ensure they are not a member of any specific financial House which may pay them a commission, ie they must be independent.
29521
Discuss your situation with a competent financial planner in your area. Do not trust anyone who tells you how much insurance you need without asking you any questions. Avoid insurance salespeople, especially ones who use a multiple of your salary approach.\n\nA good financial planner will complete a survivorship analysis for you. He/she will ask you alot of questions regarding your current financial situation and after making certain assumptions regarding rates of return and inflation, will be able to calculate your family's overall need for assets at your passing and how much of that need would be offset by assets you would have on hand. Don't forget to tell your advisor about any savings or investments you have as well as all life insurance in force, including employer provided. If there is more than enough assets already available, you do not need any additional life insurance, if not, consider purchasing more.\n\nThere is a widespread belief that term insurance is the only worthwhile way to insure oneself. This may not be the case. Term insurance is typically very inexpensive when compared to permanent forms of insurance (whole life, universal life, variable universal life, etc.) but it is important to remember that those term premiums will rise somewhere down the road. Approximately 90% of term policies never pay a death benefit, mainly due to the fact that they became too expensive to keep in force. Term insurance falls into two basic types, Yearly Renewable and Level. Yearly Renewable Term (YRT) premiums start very low. As each policy aniversary passes, your premium goes up. Each year you get older the resulting increase is a little bit larger than the previous year. It makes sense if you look at it from the insurance company's perspective; each year older you get is one year less you have left to live. Level Term will have a certain period where the premiums will remain level, usually 10, 20 or even 30 years. The longer the guarantee period the higher the premiums will be, but they will remain at the initial premium amount for the guarantee period. I prefer Level Term for my clients who need term coverage because it is a much more predictable amount to budget.\n\nPermanent insurances, while requiring higher premiums, also build a cash value, on a tax advantaged basis. If the policy is designed properly, it can make a good savings vehicle for LONG TERM investing goals. As with any important decision, the most important aspect is to get the advice of a competent, trusted professional.
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What does being a Vegan have to do with financial services? \n\nIf you do not want to invest in companies that sell meat then a finacial advisor can do that for you.\n\nI'm not sure what banking or insurance have to do with meat though.
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After getting a degree in finance or something else that will help you,I say starting your career in a bank or credit union (seems to me either one would be fine) is a good start and then try to get a job with a financial planning company. You could even try to get an entry level job with a financial planning company such as customer relations, secretarial jobs,that will help you get your foot in the door in financial planning.
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Financial planners are some of the most satisfied workers in any field.  They help individuals assess and plan their financial futures in such areas as insurance, investing, estate planning, home buying, and credit counseling.  They also make pretty good money.  \n\nCheck it out at:\n\nhttp://www.bls.gov/oco/ocos259.htm\n\nhttp://www.cfp.net
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I know an advisor and he's definitely a good guy and passionate about his career.  Just make sure you are "purchasing" what you want and don't give in to all of their suggestions.  They are one of many good financial companies.
603527
That isn't true, there are good investment advisors.  Warren Buffett made his money investing for others, not for himself.  He invests his money in the same accounts.  That, by the way, is the sign of a good advisor, they are in the same position you are in.
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Financial Advisor. Average pay is $120,000.00 and you can easily gain experience and your licenses when you work in a Financial planner's office or a broker dealer. If you live in a decent sized city you would have no problem at all finding a broker dealer to take you in. Fortune magazine has recently rated Financial advisor as the 3rd best career choice. You can never go wrong with a business degree.
665513
4 years of college \n2 years business school \nprobably 100 thousand +\nat leats if you go to a good school, and i would never hire an advisor who didnt
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I guess it's someone who helps you make good decisions with your money. See the source link below:
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They are called "financial advisor" but it is really a sales job.  Having worked in the field and having had my series 7 and worked for a nationwide firm, I wouldn't do it again if my life depended on it.  I had an undergrad in Finance and an MBA from a major university and had worked my way up to Assistant Vice President in a nationwide bank - I decided to change jobs and took the offer too.\n\nI knew a lot about investments (securities), stock market, economics, etc.  But, what I DIDN'T know was how to sell.  \n\nWhat they don't tell you is that they would rather hire a car salesman who can sell, versus hiring someone like me that understands investments and can't sell.\n\nAfter that fiasco, I went back and obtained 30 hours of accounting so that I could sit for the CPA exam and by doing so, also obtained my 2nd bachelors since I already had all the other crap from doing my finance degree, and I took and passed the CPA exam and work in accounting.\n\nIf you don't have a LARGE and I mean LARGE circle of friends and family that you can sell to, or you aren't comfortable selling anything to anyone, then it might not be the right field for you.  \n\nBest of luck to you.\n\n\n\nEDIT -\n\nOne last thought -  have you ever wondered why you see so many of these positions being advertised?  Turnover.  Makes you wonder, huh?\n\nGood luck to you.
142535
Because you are intereseted in the Financial Services Industry, you see it as having good career prospects and security.\n\nRemember to be able to back up the interest with industry knowledge.
507823
yes, and if you call and talk to a financial advisory they can talk you through it.