What does a Financial Advisor do?
2 Answer(s)
Top Answer
Financial Advisors help their clients make smart decisions when it comes to money. They assess their financial situation, their goals and propose solutions that will help achieve them. Some clients have specific goals they want to achieve, such as saving for retirement or buying property. Other clients may be looking for advice or financial roadmaps as they move through their careers.
For example, someone may want to start saving to put a down payment on their first home or save up for their child's education. Other clients may be looking for advice on how to pay off debt. Some Financial Advisors have a general background, while others may specialize in more specific finance areas, such as retirement or insurance. Beyond that, sometimes large events like weddings can cause people to seek a financial planner's advice to save and budget.
Financial planners are sometimes licensed to buy financial products on behalf of their clients, such as stocks, bonds, annuities, and insurance.
Average Day of a Financial Advisor
Financial Advisors split their days into a few different work categories, depending on their level of experience and particular workplace. However, as a Financial Advisor, you can expect to do any of the following.
For example, someone may want to start saving to put a down payment on their first home or save up for their child's education. Other clients may be looking for advice on how to pay off debt. Some Financial Advisors have a general background, while others may specialize in more specific finance areas, such as retirement or insurance. Beyond that, sometimes large events like weddings can cause people to seek a financial planner's advice to save and budget.
Financial planners are sometimes licensed to buy financial products on behalf of their clients, such as stocks, bonds, annuities, and insurance.
Average Day of a Financial Advisor
Financial Advisors split their days into a few different work categories, depending on their level of experience and particular workplace. However, as a Financial Advisor, you can expect to do any of the following.
- Prospecting
- Servicing Existing Clients
- Administration
- Continued Learning
Financial Advisors help clients to take smart decisions with thier money.
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