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What Is a Financial Representative and How to Become One

What Does a Financial Representative Do?

A financial representative, also known as a financial advisor, provides professional financial recommendations to clients. Your primary responsibilities in this career are to guide and plan financial decisions based on the needs, goals, and requirements of your customer. You also suggest financial products and services and offer advice on estate planning, college saving accounts, taxes, mortgages, investments, retirements, insurance, and more. Your duties have you analyzing current accounts, interpreting summaries, developing strategies, and implementing the agreed upon plan to manage client portfolios. A financial representative also delivers reports of accounts and answers economic related questions.

What Are the Qualifications to Become a Financial Representative?

To become a financial representative, you need a bachelor's degree in finance, business, economics, or a similar area. You can become a Certified Financial Planner (CFP) to show your commitment and expertise. Having experience in sales or customer service is beneficial, as you may be responsible for finding your own clients. You need be familiar with securities, insurance, and mutual funds, and you must stay up to date on financial trends. Other qualifications include proficiency in Microsoft Office, active listening skills, strong communication skills, and a goal-oriented mentality.

Financial Representative Job Description Sample

With this Financial Representative job description sample, you can get a good idea of what employers are looking for when hiring for this position. Remember, every employer is different and each will have unique qualifications when they hire for a Financial Representative role.

Job Summary

We are looking for a Financial Representative to help our clients set and achieve their financial goals. In this position, you may help clients prepare for retirement, save for a major purchase, or simply grow their wealth. You will suggest investment opportunities, help them set a realistic budget and timeline, and advise them on tax deductions. You will also keep a close eye on their finances and adjust the strategy as necessary. Our ideal applicant has a bachelor's degree in finance or accounting and several years of private equity, bookkeeping, or general account experience.

Duties and Responsibilities

  • Set up meetings with new clients
  • Help them compile and analyze their financial documents
  • Suggest smart investments and saving options
  • Create a long term financial strategy
  • Adjust your strategy as the markets change

Requirements and Qualifications

  • Bachelor's degree in finance or accounting
  • Several years of money management experience
  • Data entry skills
  • Experience with Quickbooks software
  • Strong communication skills