When we think of financial advisors, we cannot help but recall the Wolf of Wallstreet, which, while based on a true story, cannot be considered as a generalization for people working as financial consultants and/or advisors.
Financial advisors are responsible for a variety of things, which include looking up trends in the stock market, making investment recommendations to clients, drawing financial plans, helping clients with their savings, budget, and tax decisions. So, there is a lot that falls on your plate as a financial advisor, and you want to be sure to do your job well because reviews play a major role in drawing new clients your way. You can read more about what else falls under the domain of a financial advisor. If you want to know what makes a good financial advisor, then you can keep on reading below:
- You need to get people to like and trust you if you want to make a full-time career as a financial advisor. If they don’t like you, then they will not want you handling their finances. So, working on gaining their trust is important, and this can be done through good interpersonal skills and small, successful investments.
- Customer satisfaction is very important because if a customer feels you are not handling their money well or are not recommending more profitable investments, then they will not want to work with you.
- A lot of people argue that experience should not be the most important thing when it comes to jobs, but this is a field that requires experience to be considered more credible. Dealing with people’s finances is risky, and suggesting investment opportunities is also risky, and when you are dealing with the stock market, something which is entirely out of your control, you learn how to deal with it more with experience.