Financial Planners -
How To Work At Home As A Financial Advisor
June 15th 2006
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Planning |
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Many Americans dream of working from home, but aren’t sure what
direction they should take or how to get started. One opportunity that
should be considered is a person financial advisor. The Bureau of Labor
Statistics says that 4 out of 10 financial planners are self employed
and their median average income is $62,700 (2004).
Typically, financial advisors that are college graduates with good
communication’s skills make the most money. There are many
organizations that can aid you in your desire to work for yourself as a
financial planner / advisor. The Certified Financial Planner Board of
Standards (CFP Board) is the most prestigious certifier of advisors.
Becoming a Certified Financial Planner (CFP) can add confidence for your
clients and will also ensure that you are knowledgeable about investing.
They can also help you become certified and help you market your
skills.
The CFP Board will require a college degree. You will want to check and
make sure the college or university you want to attend is listed with
the Board. Be sure that the college certificate you get will qualify.
Once you finish your education and have three years of work experience,
you will be ready to take the CFP exam.
Many candidates get their work experience while they are taking the
classes. That is a great idea because you can see real world
applications of what you are learning in school.
You will need to know tax planning, the financial planning process,
employee benefits, retirement planning, estate planning, investment
management and insurance. The exam will take two days for a total of 10
hours. They will also want you to pass an ethics review and agree to
abide by the CFP boards rules.
But it doesn’t stop there. Every two years you need to re-certify. You
will be required to attend 30 hours of financial planning continuing
education to keep updated in the industry. Two hours will be spent on
the CFP Board's Code of Ethics and Professional Responsibility or
Financial Planning Practice Standards.
Online universities can help. You can study online while you train.
Kaplan University is just one of many online schools that offer a
financial planning program. But remember that the school you choose
must be accredited by the CFP Board. Becoming certified by the CFP
Board can increase your income. The training alone is invaluable.
Dan Wilson
Best Syndication
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