The Goal Of A Financial Advisor

The wealth management or financial planning professions provide financial planning services and investment advice to clients for high net profit. The essential goal of any financial profession is to sustain and increase the long-term wealth of their clients. Since they manage huge amount of money for other people, they must also be ethical, trustworthy and free of any criminal record involving robbery, fraud or intentional mismanagement. Thus, they should understand complex financial documents, financial regulations and legal restrictions, not only good command of investments and financial planning.

“The following is a list that outlines the duties and responsibilities of a financial advisor.

But we also lack the financial know-how to manage our money successfully”. She went on to say, “With a career as a financial specialist, you could help clients accomplish their lifetime goals. “To be able to express to the people that they can do the things they want to do—or send their child to college or purchase a house or retire early—is actual gratifying (Bureau of Labor Statistics 2014-15).” Financial Specialists are precious to the company. Although their daily tasks vary by occupation, their goals can be similar. For example, helping businesses make sound financial decisions is often a vital part of their work. Most of these workers need meticulous acquaintance of the rulebooks and protocols that apply to their jobs, such as accounting principles, tax codes, and financial regulations (Bureau of Labor Statistics 2014-15).” Next, according to the Bureau of Labor Statistics, employment of Financial Analysts are “projected to grow 16 percent from 2012 to 2022, faster than the average for all occupations (Bureau of Labor Statistics 2014-15).” A Finance Analyst added significant value

The role of the wealth manager is not to simply sell a financial product to a prospect. Instead, a wealth manager’s first concern is developing a comprehensive understanding of the client, a client-centric approach to providing financial solutions. Next the wealth manager must match the right solutions to the client’s needs and desires and ensure he or she receives an exceptional service experience. After that, product and service sales opportunities will naturally follow. Making the transition is clearly a trade-off between short-term results and long-term success. Financial security through goals-based wealth management. As a wealth manager with Merrill Lynch,

One pro is that they offer meaningful advice. When people try to make healthy financial investments in their lives and can not decide what to they should do they come to a financial adviser who will give them education on how the person can make suitable decisions (Horton, 2017).

2. Gathering information in different types of planning in a comprehensive financial plan you will need the following:

One learns to understand the internal nature of sales, manufacturing, and marketing in relation to how they all impact the financial side of the business(Griffiths). With any job there are disadvantages, and generally there is a lot of pressure to reach set goals and that the success of the organization depends on the decisions of those in finance(Griffiths).

This article highlighted what a good Financial Advisor looks like. I would recommend this article to someone who is looking to becoming a financial planner. It will help them know the good traits to have

you have per month it becomes easy to cut back on any nonessential spending such as going out to eat 5 times a week so that you can reach your long term goals.

In the article, Advisors Involved in Financial Planning, authors Mendlowitz and Kess talks about how financial advisors are people oriented and want what is best for their clients. The authors prove that the difficulty of the financial advising processes is typically overlooked by others by stating, “The different kinds of financial advisors and their role in the overall financial planning process is difficult” (Pg.66). Many might think that financial advisors have an easy job, but there is more to it than telling people to save small amounts of money here and there. Advisors must go through several specific steps to figure out the exact amounts their clients must save. The author of this article talks about situations that a financial advisor might go through as well as how the advisor should

advisor add value to the financial planning life cycle continuum? Or, is the advisor an employee

Both Blunt and Mathas knew this would be an uphill battle, however. Historically, investment advisors preferred to actively manage their clients’ funds, whereas an immediate annuity represented an irrevocable one-time transaction. In addition, most advisors favored a fee-based business model rather than one in which they would receive only a one-time commission. Complicating matters, research suggested that consumers were almost completely unaware of the existence or benefits of immediate annuities. Yet Mathas had faced doubts about this product before, and he genuinely believed that, in the ever-changing landscape of retirement planning, immediate annuities offered great benefits for those in or approaching their retirement years.

Understanding my childhood financially, I vow to better the lives of ones who experience a similar lifestyle. Becoming a successful finance advisor will allow me to provide beneficial financial advice to underprivileged individuals and families such as I am. My purpose for being on this earth is to fulfill my potential and experience what the world has to offer. I will always remember what I have come from and be satisfied with each step of progress I experience. Being one to educate the ignorant who tend to make poor decisions with their personal finances will ultimately change myself as a person and those specific individuals. Everyone deserves to live financially comfortable, doing so I will never fail to realize what I have experienced and being completely satisfied with the results. In consideration to my aspiration to become a financial advisor I possess many personal values. Personal values are advantageous in that they provide guidance and are long lasting. Three examples of core values I abide are education, ambition and efficiency. These are a select three which relate to my future goal. Education is the primary core value because it’s where everything begins. Being educated enhances my knowledge, permitting myself to better others and for them to attain the concepts. Ambition is

Financial planning has become much more important over the decade in Hong Kong and China. Many graduates and other people with professional financial

From an early age I learned that our very best is often brought to action when we willingly take on challenges and persevere with grace through trying times. As a widowed, single mother, my mom strove for excellence in every area of her life in order to put food on the table for her children. She studied to be a nurse, quickly rose in to administration, became the first in our family to obtain a Masters in Business Administration (MBA), and earned a seat as a director for an international healthcare organization. Her determination and positive spirit served as a great example and sparked a passionate drive in my life to help others while striving for greatness.