Personal Financial Advisors work behind the scenes with every type of person. They are the people who know how money works, and can tell you the best way to spend yours. They make investments on stocks or bonds, they plan for your retirement or children's college education. Financial advisors are aware of different opportunities and investment plans and they have the means to put your money where it can earn the largest return. A vast majority of people invest money, and more often than not there is a financial advisor by their side. This means that I could find a job as a financial advisor anywhere in the United States and in most other places around the world as well. Of course, it fits to reason that the people directing the world's money …show more content…
Many Personal Financial Advisors will choose later on to obtain different arrays of licenses, certifications and registrations. These allow the Advisor to sell or buy different stocks, to sell insurance, or to advise on specific cases in the financial world. These licenses and certifications can also help to build a resume, bring in more clients, and to improve the reputation of a Personal Financial Advisor. On common such certification is the Certified Financial Planner Board of Standards In addition to these, many larger firms or government regulations will require Personal Financial Advisors to register for things such as the Securities and Exchange Commision, or the North American Securities Administrators Association. There is always room to grow and improve in the field of Personal Financial Advising, and Ronald E. Osborne sums up the potential for growing in this industry by saying, “Unless you do something beyond what you’ve already mastered, you will never …show more content…
The salary, job description, growing industry/job security, and the opportunities for continuous growth and learning are all extremely compelling reasons to pursue a career in Personal Financial Advising. In addition, Personal Financial Advising requires a person who has strong math skills, speaking skills, and analytical skills. These are all abilities that I posses and enjoy using. Unfortunately, there are aspects of this job that I would not enjoy so much. To start, this career is heavy and dependent on intrapersonal skills- and I do not generally enjoy communicating, calming, or charming other people. These skills are necessary to become a great Personal Advisor. Secondly, although jobs can be found almost everywhere in this field, I would be better off located relatively close to a larger population as this job is based on meeting new people and drawing clients. This is a downside to the job because I would prefer to live more up north near a lake and skiing hills. In addition, because this job is so dependent on meeting with other people the hours often include evenings and weekends to meet with clients. I really want to be able to spend the evenings and weekends at home with my family. That is the largest downfall for me. Considering the list of pros and cons, Personal Financial Advising definitely makes my list of potential career choices, but I would prefer to look at different options that may allow me to
Since the word “literacy” is usually used to describe the measure of one’s ability to read, write, and speak a specific language, financial literacy can, thus, refer to:
When you consider funding your retirement, a self-directed 401k plan may offer employees better options and opportunities to earn bigger investment returns and get more cash. Employer-supplied plans lay down a certain number of investment vehicles available for employees. But for self-directed plans, there is an unlimited array of investment options that provide more control. What sets it apart is diversity. Employees who want to diversify portfolios and take advantage of employer-sourced retirement plans may choose self-directed 401k.
You have to be ambitious, self driven, and motivated. Financial Advisors have to go door to door, and make hundreds to thousands of phone calls to find clients. The first 3 years are the hardest. While talking to my Uncle Doug about his career as a financial advisor, he told me that when trying to get clients, you could knock on 300 doors and only get 20 new possible clients. Another disadvantage is the stress. Being a financial advisor can be very stressful. You are responsible for helping people make life decisions and for helping them decide what is best. It can be hard when you have to discuss things such as a family member’s death or bankruptcy with your clients. Other than that, I do not see too many disadvantages. However, there are many advantages to this career. Edward Jones is a very family oriented company. Edward Jones sends its employees and their families on incentive trips each year. They pay for the trip, while you get to pick where you and your family go. A few years ago my Uncle, Aunt, and Cousin went to Mexico. These vacations are not just down to Florida or other touristic places in the US.. Edward Jones offers trips to places such as Europe, Germany, the Bahamas, and Rome. Each year, Edward Jones hosts regional meetings. They are located somewhere in the region, and are for the financial advisors to meet and talk about the business, the economy, and to give
When it comes to saving money, we all know we should be doing it – but it can be tough to sort out the details. If you’re a little confused by the numbers, you aren’t alone. A 2016 study showed that a full third of Americans had $0 saved. That’s a huge problem. Of the remaining people polled who did manage to save some money, half of them had fewer than $1,000 put aside.
Numerous amounts of people have financial problems when they get out of high school, so what should the school board do? In 2007, thirty-four out of fifty states have personal finance courses in their curriculum (Bernard 4). A financial literacy course seems to be what a majority of states are doing. Financial literacy courses have their pros and their cons just like everything else. Financial literacy courses bring up some very important questions.
Financial Advisor The program of study that I would like to study is to be a financial advisor. Related programs of study may be an accounting jobs, or any job that is related to working with money. Basically the description of the program I would like to study is about telling people how to deal with their money. It is about telling each individual with investments, tax laws, and insurance decisions. This will help clients try for short-term and long-term goals on how to use their money.
This advisor is actually a professional in this field. He or she will give you some insights on how you can actually handle your finances. This will go a long way in making you learn the right skills in making decisions about where your money goes. In addition, you are also likely to gain knowledge in tax, insurance, legal matters and so on. This will definitely help you to protect your accumulated assets.
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
Seeking the services of a career counselor can provide many benefits. One can gain a deeper understanding of him/herself, gain information on education and careers, gain sills in decision-making, gain support in conducting a job search or applying to higher education, and gain support coping with career transitions (NCDA, “Why Seek Career Counseling, 2007). How a career counselor provides services depends on his or her theoretical approach to career counseling.
Managing personal finances is an important skill to acquire. However, no where in school is this subject taught. As a result of a lack of preparation, our society is subject to a high percentage of people who lack financial success. Those who are successful at managing their personal finances will find that they are successful in many other areas as well. To learn how to manage personal finances there are books and web sites that provide a step by step guide to successfully managing personal finances. Those who lack financial success often possess many of the same traits.
A personal financial plan is essentially important for any person and their loved ones to minimize future hardships and difficult financial situations. Short and long-term financial freedom and stability is something an individual wants to have through to the end of his or her life. Financially planning for one’s retirement years is vital so a person does not sustain major unhappiness or unnecessary pain in what is supposed to be the reward for working so hard in their younger years.
As an undergraduate who studies accounting and finance. I started to learn about accounting and finance since 2013 when I was in A-level. At that time, we have been asking to present business news in each economic class. It has motives me to gathering finical information from The Economist and BBC The world business News report. The experiences of working as an intern at the Bank of HEBEI in 2013 and PWC in 2016 have encouraged me to become a professional accountant. All these had given me a great opportunity to know accounting and finance comprehensively and also reinforce my determination of continue studying accounting and finance. Therefore, I have decided to apply for your postgraduate degree course to further
They have to be punctual and have the ability to put in long hours every once in a while. Based on the information that I have researched, I can say that being a financial analyst wouldn’t be a bad fit for me. I have always had a knack for problem solving, especially during mathematical situations. I do slightly lean towards being a team member compared with being independent, and it could pose a bit of a problem if I do undergo this career. Like most people in business, financial analysts do spend some time traveling, and I definitely wouldn’t mind doing so. Financial analysts aren’t the only ones involved in financial and investment services; stockbrokers are also involved and are responsible for selling stock and other securities to others and conducting trades . The career is similar, but workers there put more focus on the stock market because they have to interpret it well in order to conduct trade deals. I do have some interest in following the stock market, so this career option wouldn’t be so bad for me. Being a budget analyst is another option related to finance. People in this profession are responsible for organizing budget reports for companies . One concern for the profession, however, is the national growth rate for the next decade. It is at 3%, slower than the average occupational growth rate of 7%, and much slower than 12% growth rate for financial analysts. Financial analysts could eventually be promoted to financial managers and have even more responsibility for managing a company’s finances. As of 2015, the median salary for this profession is $117,900
A few sources of finance are short term and ought to be paid back within a year. Other sources of finance are long term and can be paid back over several years.
Account opening department:. In the account opening department I work for two weeks as account opening is the main and important work of bank are based upon the work of accounts and the bank account shows the deposit and then bank provide their best services to their customers. If someone needs money or he wants to deposit an amount in the bank then firstly he need to open an account in bank. Also during my internship period I work to open many individual accounts.