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What Is a Financial Representative and How to Become One

What Is a Financial Representative and How to Become One Image

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.