what qualifications do you need to be a financial adviser? is it a hard job?

Question

do you have to be really intelligent to get the qualifications for this? in the UK

Answer 1

It is more a matter of savvy, reputation and contacts than anything else.
The fact that you are asking on here would seem to suggest that it is not a good idea for you.

Answer 2

If you look at the Chartered Insurance Institute you will find details of qualifications.

www.cii.co.uk

They do quality training material for self study and control most of the qualifications available. The basic qualification for Financial Adviser is called Certificate in Financial Planning (Formerly known as Financial Planning Certificate until 2005).

I think the main thing is that you have a genuine interest in the subject matter and then you will apply yourself.

Answer 3

All the IFAs I have known had professional qualifications and the exams are quite mathematical and hard. New regulations are coming in all the time and you have to keep abreast of them.

In addition to the above, you will be required to do your bit in attracting new customers and to write for the house magazine in your spare time. After all that, the public esteem you will get will be nill

Answer 4

Being a professional financial advisor takes years of training to learn how to correctly provide information and services to the public whom will depend quite heavily on what you say to them. It is a hard sometimes stressful business and not to be taken lightly at all. Huge amounts of regulatory changes are happening all of the time and you need to keep abreast of them as well. Regular refresher training is very essential.

Answer 5

The hardest part of this job is finding qualified prospects that are willing to work with you,meeting and talking is one thing and getting them to hire you is another because if they are comfortable with what they have they will not change.People don't run into an office and say here i am i want to buy life insurance etc etc etc.It is hard to succeed and last in this business very few have staying power.

Answer 6

Have a look at
http://www.ifslearning.com/home/default.cfm
they'll be able to give you some advice and courses

I'm currently doing CeMap through them to do mortgage advice.

Answer 7

you have to pass exams in financial advisers. it's not easy and you have to be of sound character too.

Answer 8

being in the banking profession would help, maths, there is another quailfication but youll need to research thet yourself

Answer 9

the fact that you, ask is it hard, the job is not for you