Registered Financial Advisor

To win new customers and retain existing ones, as a wealth management advisor, I must be perceived as competent, dependable and empathetic. Clients must also perceive that they are paying a justified price for the value that they are receiving. Client opinion is formed through a combination of personal experience, word of mouth and marketing. To compete effectively, the wealth management advisor must have a brand like Merrill Lynch that is firmly associated with the qualities demanded of a wealth management institution.

IntroductionLinda Best, a Certified Financial Planner (CFP) from Sarnia, Canada is the founder and sole shareholder of Best Financial Services Inc. which was established on January 1, 2001. Sarnia, the largest city in South Ontario, bordered the United States and was heavily populated with aging baby boomers and blue-collar workers. Best Financial earned its revenues mainly from blue-collar workers nearing retirement. Best financial had formed strong relationships with many clients throughout Sarnia and managed over 1000 financial plans allowing a steady revenue and profit growth. The key services provided by Best Financial are risk management, tax preparation and professional money management. The company’s Assets under Management were

Each non-associated or non-registered person working with or assisting a Financial Advisor should also read this section. It is the

Financial Advisors within the credit union environment have a unique situation. This section details items Advisors need to know, understand and utilize when in the credit union environment. Several important guidelines must be followed:

In order to become a financial advisor, I have to be an “independent, trustworthy person” because often times, I will be working with my clients and their money and they are going to have to trust me. I have obtained my independence by being involved in my church and other community organizations. In my church, I

The job of financial planner breaks down into steps that are clear and easy for the client to follow. The first step in the process is to create a relationship between the financial planner/advisor and the client. In this phase, both parties will want to establish what type of relationship they will have with each other. After this, it is vital that the financial planner determines exactly what the client 's goals are. What do they want their financial future to look like? Once the planner and the client have decided upon the short term and long term goals, the advisor will thoroughly analyze the clients financial health. It is important to know where they stand currently, so a map can be made to reach a new level of financial freedom. Attorney Andrew M Wyatt then takes this information and creates a financial plan for his clients

Provide customized financial planning advice to meet your needs in areas including cash flow management, tax efficiency, asset protection, superannuation and retirement planning, insurance, risk management and estate planning. Manage and administer individual investment portfolios according to individual client risk tolerances, preferences and directions. Protect and grow client's wealth by utilizing the best available and independently researched investment opportunities. Ensure no investment opportunities are missed, tax implications are addressed, and fees and costs are minimized Monitor investments closely on an ongoing basis. Obtain investment returns comfortably above market ( to at least cover management costs). Provide timely and accurate recording and reporting. To deliver caring, attentive and personalized service a Merrill Lynch Wealth Management Advisor must balance the customer value proposition with profitability, delivering the right offering to the right client segment at the right price.

She is currently working for Aspire Realty as a Realtor. In this role, she meets with clients, creates ads, enters data, and collects deposits. She is going to keep this role and work nights and weekends.

With 10 years of brokerage experience under his belt, Stan Smith knows that sometimes it’s better to be small, instead of being known by all. In an industry overflowing with specialists vying for their next commission check, Smith understands that close-knit client relationships are the foundation for any successful retirement solution. Taking on each task with a full admiration of family values and the importance of your future, he emphasizes the value of a dollar; and takes every step necessary to ensure that yours is not lost.

As with many careers, financial planning requires an education. Financial advisors normally have a bachelor’s degree, but a master’s degree adds credibility (“Financial Advisor”) . Some schools that give you these degrees are Boston University, the College of Financial Planning, Texas Tech University, and San Diego State University (Chandler). There are many degrees you can take in those schools. Some are actuarial science, finance, accounting, business and law. Economics include agricultural and business economics (“Financial Advisor”). You can take all of those classes, but finance is the number one degree that employers want, as reported by the National Association of Colleges and Employers. The classroom provides the foundation of the learning

This paper will seek to provide an overview of the real estate process and its affects on the real estate agent. An agent needs to be knowledgable about the steps required to make a sale, and the risks involved when the sale does not go as planned. Real estate sales require much of the agent, including sacrifices in their personal lives and in their financial stability. Agents must be teachable and willing to seek to see others succeed. A successful real estate sale consists of many steps, sacrifices to personal time, and an agent’s ability to work well with others while remaining incredibly flexible.

As Coopera explores and builds brand awareness in new industries, I see the lack of knowledge in those industries being a barrier for me. If this is the case, I plan on making it a priority to learn about those industries and gain the necessary knowledge to keep our expertise level high. For example, we will most likely work with more insurance companies, therefore, I will seek to become a Certified Insurance Counselor (CIC). This will help me gain new information and knowledge to effective communication with our insurance clients. The lack of knowledge will be a barrier at the beginning, however, it is something I can learn through the right channels.

In the Future of Financial Advise legislation (FOFA), there are three main focus areas were introduced from financial product advice. The followings are “acting in the best interest of the client”, “conflicted remuneration” and “disclosure”.

I discovered that new customers are looking for a reason not to invest, so my expertise was never assumed, I had to prove it. The arduous task of acquiring new accounts hinges of the ability to project complete confidence while having the ability to address and concerns of questions that a potential customer may offer. Full knowledge of every aspect of finance is the difference between adding new accounts and losing a customer’s confident in you as well as the company. From my personal experience, MBA course work accommodated me with a vast

LifePath Wealth Management, LLC has identified two distinct target markets. First are aging baby boomer advisors in Maricopa County, AZ over the age of 60 years old that lack a formal succession plan for their businesses. These advisors are categorized into mature lifestyle practices with an existing client-base that are underserved in the scope of services currently provided and do not focus on providing comprehensive wealth management solutions for these clients and the next generation consisting of future heirs. The underserved client-base of these advisors serve as the second target market in that the advisors at these firms lack the time and energy to reinvent their firms and embrace new technology and solutions to scale and grow efficiently. These two groups of target customers are distinguished by their business makeup and client-base dynamics. The financial services industry has many different niches. Some advisors provide general investment management services creating a single value proposition dependent on outperforming the markets. Others will only offer one type of investment vehicle, maybe just mutual funds or they might concentrate on bonds. Others will concentrate on a specific niche like insurance sales or retirement plans.