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Discover New Pathways to Your Rewarding Career as a Financial Advisor.

The†explosion of Baby Boomers into the retirement sector is creating a huge demand for new Financial Advisors. This is an excellent opportunity for those who wish to discover a career of abundant personal satisfaction and significant income potential. This article explores the career paths and provides a number of very useful tips on getting started as a Financial Advisor.

With 77 Million Baby Boomers contemplating retirement, the employment outlook for personal financial advisors is excellent! With this massive generation being, for the most part, unprepared for maintaining their lifestyle, many are looking for the assistance of a financial advisor.

Significant income potential, prestige, career security, and personal satisfaction are among the reported benefits for those seeking this career opportunity.

There are two separate pathways that lead to becoming a successful financial advisor. One is a more difficult trail with obstacles along the way. It begins with an MBA degree in personal finance or economics followed by intensive study for one or more NASD examinations to become a registered representative.

Then, in order to launch your career as what was known as a stock broker, youíll need to seek employment selling securities for a wire house, broker/dealer, or insurance company. Despite significant competition and regulatory compliance oversight, youíll build your ďassets under managementĒ in order to satisfy your employer and/or qualify for assistance with expensive advanced certifications.

Another path is not nearly as long, difficult, or stressful but just as rewarding.

For the Boomer, a fifty-something with the life expectancy of a Galapagos sea turtle but with less than two years of income saved for retirement, itís no longer about accumulating a portfolio of assets. Itís about the other three quadrants of his or her balance sheet which have gone largely ignored.

  1. How to get the most lifetime, sustainable income from the portfolio of assets that exist.
  2. How to eliminate hidden and/or and unnecessary expenses.
  3. How to eliminate all debt before retirement.

A true financial advisor should address these areas of concern and, to do so doesnít require a life changing career experience. There are new and innovative financial products and services which effectively address these issues, but are not securities and are not regulated by the NASD and SEC.

If youíre contemplating a lucrative and rewarding career as a Financial Advisor, Here are some tips to help you down that path.

  1. Be independent. No one financial entity that has all of the right solutions to all of the financial problems out there. As an Independent Financial Advisor, youíll have the freedom to choose the best financial products and services from a variety of carriers.
  2. Be independent but donít walk the path alone. You need a system. Join an Independent Marketing Organization. They will, in exchange for an override commission from the carriers, provide turn-key systems including advisor training, product access, provider contracts, and assistance with licensing, marketing, and regulatory compliance. Many have spent years developing effective and predictable systems to support their network of advisors.
  3. Build a professional referral network. Your clients will seek advice on a range of financial subjects including real estate, taxes, insurance, legal contracts, mortgage and consumer finance. Team up with some qualified specialists in your vicinity. Refer your clients to them and they will refer their clients to you.
  4. Donít worry about your sales skills. Many successful advisors are numbers people and couldnít sell snow cones in Death Valley. Itís all about positioning. The model of all successful business is the same. There is a problem. There is a solution. When the solution to the problem goes through you, you have value and the public will seek that value.
  5. Donít talk about yourself or your business. Focus on your prospect/client and ask the right questions. How do you feel about Ö.?† What do you plan to do about Ö...?† If there was a way to ÖÖ, would you Ö..?† By asking questions you uncover needs, remove resistance, create interest, establish credibility and rapport, and gain control.
  6. Stay in touch with your prospects, clients, and referral partners. Set up an email system to keep them informed of the latest developments in your industry.
  7. Test the waterFree Reprint Articles, first. Donít go right out and spend a ton of money. Some new advisors run into difficulty because they get excited and spend too much money before they start making money. Keep your start-up expenses under $500. The worst case scenario should be that you didnít make a career out of it but got a very inexpensive financial education.

We are at the brink of the largest wealth transfer in history. There is a tremendous need for qualified financial advisors to lead this history making generation down the path to financial security. Those that choose this path will discover a career that offers an abundance of personal satisfaction as well as significant income potential.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


David Haslett is Senior National Marketing Director of Freedom Equity Group.

Want to learn more about this lucrative and rewarding career opportunity as a Financial Advisor? Want to know the inside secrets of Million Dollar Financial Advisors?† Request now by clicking http://www.yourfinancialadvisorcareer.net/



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