Personal Financial Advisor

Over the past two years, due to the economic crisis, the U.S. lost more than 700 million jobs. Currently, the United States still has nearly 10% of people are unemployed. Because of the economic recovery is weak, experts predict that the unemployment rate in the next two years may also be high. However, even though the job market is so sluggish, there are some very optimistic about the employment prospects of the industry. Financial aspect program is broadcast a series of reports "future hot jobs" for you today introduced a personal financial advisor.

Personal financial advisors to provide investment, loans, insurance, retirement pension, tax, estate, education, financial planning and other aspects of professional advice; to provide short-term investments and long-term financial planning and wealth planning, helping clients to set clear financial goals.

Wealth Management U.S. vision of Washington (Insight Wealth Management) company, especially the main 席约翰罗伯特皮 (John Robert Pugh), said in an interview:

"This is a great growth prospects of the industry, mainly because of the current financial environment has become increasingly complex, most people need to find the right people to help them manage money, retirement plans, and future financial."

U.S. Bureau of Labor Statistics estimated in 2010 to 2018, 10 years, personal financial advisor positions will increase by 30%, higher than the average growth of all other industries. Report that more and more baby boomers reach retirement age who were born, they need professional help to plan for retirement investments. In addition, many companies changed the traditional pension plan, retirement account, so their management more and more people, and people are living longer, but also the need for more long-term planning.

Bureau of Labor Statistics report also pointed out that as the industry attractive salary, entry threshold is not high, the competition will be fierce, especially for new entrants to the people, even more so. However, if you math is good, strong analytical skills and have good interpersonal ability, personal financial advisor is a very good choice.

In the U.S., to become a personal financial advisor, you need to have accounting, financial, economic, business, mathematical or legal degree or a bachelor degree or above. Of course, familiar with the investment, tax, real estate, risk management course will be helpful.

In stocks, bonds, insurance, trading and investment advice personal financial advisers also need to obtain the relevant license. Customer investment in small companies have registered in the state government, large companies must be registered with the U.S. Securities and Exchange Commission.

In addition to professional knowledge, good interpersonal skills are also necessary because the personal financial adviser to deal with many customers, often to find their own customers. They often spend a lot of time marketing their services. Many people by organizing seminars, expand the communication network to find customers. Find customers and build a customer network is successful personal financial adviser the most important aspects.

However, the vision of the Pew wealth management think the biggest challenge is to convince customers to convince them that your plan is tailored for him

. He said: "As a personal financial adviser, you should be like a lawyer or a doctor as a professional, not a salesman. A lot of his own people as a personal financial advisor is only made to sell financial products. Therefore, from our industry perspective, the biggest challenge is with customers and future customers to communicate, to tell their professional financial advisers and sales staff are different. In other words, professional advisors and customers together is to develop a financial plan and investment plan to meet that person specific needs. But many financial advisers can not do that. "

Pew said that in the current financial crisis, some of the personal financial advisor by the impact, because they do not care about the needs of customers, but only in selling financial products.

U.S. Bureau of Labor Statistics reports that, as of May 2010, the United States has 200,008 thousand four hundred personal financial adviser, of which about 29% of personal financial advisors are self-employed, while 63% of people in the finance and insurance industries, including securities, banking, insurance and financial investment companies. Of course, if your clients have a lot of money, then you will be called private bankers or wealth managers.