Personal Financial Planning Careers
Want to know more about financial planning and analysis career path? read on..
Last Monday, I visited my insurance company office to inquire about insurance products that suit my needs. There, I met a senior financial planner, who gave his valuable time and made me realize the importance of financial planning. In the meeting, he ran me through my financial responsibilities, financial needs and explained how investing and planning at early age is not only important but beneficial too.
When the meeting ended, I was happy that I understood the importance of financial planning and also met a wise financial planner.
I am writing this post specifically for those who want to make a career in financial planning. There are some careers where you can work in a company or on your own. Financial planning is one of them. Yes, you can work as an independent financial planner and earn well too.
Details about financial planning and analysis career
Financial Planner Job Responsibilities
Financial planner helps individuals in setting personal financial goals and strategies. As a planner, one must help investors decide what kinds of investments are best. It is the duty of a financial planner to advise people on different types of investments as well as the timing of major expenditures too, such as buying a house, kids’ education, their wedding, retirement, medical expenditure etc.
In short, the planner has to advise clients in creating personal budgets, control expenditures, and create wealth.
Financial Advisor Personality Traits/ Skills
If you want to be a successful financial planner, you should be articulate, persuasive and have sales ability to build a client base.
You can work as a part-time or full-time financial planner/financial advisor, based on the work and clients. Most of the time, you need to be available for at least 10-12 hours a day, based on the client’s time for meetings. Normally, financial planners work for 40-50 hours a week.
Earnings and benefits
If you are working as an independent financial planner, you can charge some flat percentage on the investment made by your client. Secondly, you can charge hourly consulting fees also.
Certified Financial Planner Career
Education and Certifications required in financial planning career
A bachelor’s degree with additional education in financial planning is required. You can go for PG program in Financial Planning and Wealth Management or CFP certification which is recognized worldwide.
Financial planning career is an excellent career as there is a good demand for financial planning activities.
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