I'm working as an engineer and earning ok but i dont have the interests and passion for this job, instead i was looking around and found becoming advisor was an interesting and challenging so i decided to take on the opportunity.
But recently when i told everyone around me that i was gonna quit my job and becoming a FA, some were shocked and told me that there's no security for such income and you have to keep finding clients in order to get the commisions and all those negatives stuffs ... i still think it's worth the shot but what do you guys think?
2006-10-27 05:15:17 · 4 answers · asked by Daniel 2 in Business & Finance ➔ Careers & Employment
Hi,
Why do you find it interesting to become a financial advisor? Which aspect of that appeals to you?
It is true that there is not fixed pay as an FA and that you are required to constantly get new clients in order to continually be paid. no matter what they say, an FA is a sales job and it is a tiring one to one sales job. Do you think you can risk that?
If you think it is worth the shot, then go for it. Doesn't matter what others say. It's your life, you are responsible for what happens, not them.
What is it that you have passion for? Do you have passion for helping people or do you have passion for FINANCE?
If your answer is for finance, then I would say "do what you love and you will never have to work another day in your life!" :P
If you want to do well as a Financial Advisor, my mentor always says that you will only become the best if you learn from the best. The number one FA in Singapore would be Chen Ming Li. If I were you and wanted to quit to join another industry, she is the person I would join.
If your passion is for helping people, you may want to consider doing what I am doing on a part time basis first. When your income is stable, it is not too late yet to quit your job.
I run a business that helps people improve the quality of their lives. If you would like to find out more, you can email me at verityy@yahoo.com
Good luck!
2006-10-27 17:31:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you plan on being a full time FA. You need to really concentrate on selling investments. The loans, refinace, insurance etc. etc. only pay short term. It is great to sell them, and your clients really need these things. But if that is all you are focused on you will always be chasing clients. If you have a client base with roughly 3 million invested. You will be receiving a sizable income for a very long time.
2006-10-27 07:34:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Not if you suck at investing. There is a lot to know about when advising financially. It is not just investments, it covers taxes, insurance, estate planning, education funding, retirement planning, and any other thing that will affect peoples finances.
2006-10-27 05:48:14 · answer #3 · answered by waggy_33 6 · 0⤊ 0⤋
i dont think you should quit at least if you have a family, maybe you can be a part-time Financial advisor..."Secure Income Job" that phrase should tell you, you shouldnt quit!!!
2006-10-27 05:25:25 · answer #4 · answered by Lady B 2 · 0⤊ 0⤋