I want to do financial planning on a part time basis. I have a decent career in banking that I'm not ready to walk away from. I have the right academic credentials for financial planning, I have a masters in finance, undergraduate in business and a certificate in personal financial planning. Still if prospects ask I don't plan on misleading them. I will tell them My full time job is in the general finance area of banking but my academic background is well suited for financial planning. Do you think it will be difficult to obtain business without being on a full time basis?
2007-01-31 06:19:45 · 3 answers · asked by Bruce Tzu 5 in Business & Finance ➔ Personal Finance
Your best bet would probably be to partner with an existing advisory or CPA firm. As a banker, you are used to something of a captive audience. As an independent, prospecting is the whole ball game, and it can't be done part-time.
2007-01-31 06:37:49 · answer #1 · answered by Rob D 5 · 0⤊ 0⤋
It will be much more difficult as financial planning is cold calling, and cold calling is a numbers game. You do have the advantage of having contacts in the financial world. You'll do well as long as you don't mind mentioning your "hobby" to business associates. Your current employer may have a problem with that. I've heard that the first three years are the most difficult, and that it's a breeze after that.
2007-01-31 14:31:23 · answer #2 · answered by none 3 · 0⤊ 0⤋
best way for you to sell yourself as a financial planner is success stories, it doesn't matter how book smart you are, unless you have a great portfolio yourself and doing well with no debt except for your house, no one in their right mind should hire you.
2007-01-31 14:28:32 · answer #3 · answered by Sam T 2 · 0⤊ 0⤋