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What Is a Work From Home Financial Advisor and How to Become One

Work From Home Financial Advisor

What Does a Work From Home Financial Advisor Do?

Work from home financial advisors provide investment services and money management advice for their clients. Instead of meeting with people in the office, work from home financial advisors communicate with clients through phone calls, email, and other online portals. While using a virtual office, you may help them plan their retirement, make suggestions for their future, and review personalized plans. Work from home financial advisors also research financial trends, investigate individual problems, and provide guidance and coaching to help keep clients on track. This is a remote position, so you may work with clients from anywhere in the country and schedule meetings outside of regular business hours to accommodate clients in different time zones.

How to Become a Work From Home Financial Advisor

The primary qualifications for becoming a work from home financial advisor are a bachelor's degree in finance, business, or a relevant field and some experience in the financial services industry. While completing your degree, acquire internships or obtain an entry-level position in a financial services company to learn how to understand financial trends and to develop individualized plans for clients. Most states also require work from home financial advisors to be licensed. This normally includes Series 7 & 66 licenses, which are respectively offered by the Financial Industry Regulatory Authority and the North American Securities Administrators Association. You may require additional licenses, such as an insurance license. Fulfilling the duties and responsibilities of a work from home financial advisor requires excellent communication, research, and customer service skills. Experience and a history of successfully managing portfolios are valued in this industry, and many financial advisors work from an office for several years before transferring to a work from home position.