Career As A Financial Advisor And Obtaining The Financial Advisor Certification

Career as a Financial Advisor is highly in demand right now even though there seems to be a financial collapse due to the US sub prime woes.

Financial expertise will always be require and among the first profession to rebound when economy takes off.  So brace yourself and embark on this lucrative career and prepare for the financial industry to make a comeback.

It is imperative that financial advisors earn a college degree and have a good understanding of the complex financial markets.  In addition, a good grasp of the ever-growing complexity of the financial industry is essential to conduct technical financial analyses. Having good industry knowedge is not enough.  Financial advisors business is people business.  You need to earn the trust of your client if you wish to make a good living out of financial career.

One of the financial advisors requirement is to have a license to operate.  There are specific examinations that need to be taken and passed to obtain that license. The license will allow you to represent clients.  However, there might be slight differences in the licensing requirements at different states. However, most will require sponsorship by brokerage firms such as American Express or Fidelity.

The licensing examination to be taken bu wil-be financial advisor is conducted by 'National Association for Security Dealers' or the NASD. This is also referred to as the General Securities Registered Representative Examination or perhaps the Series 7 Examination. Once the candidate passed the examination, they are expected to work with a registered brokerage firm for at least four months, before they can work independently.

Many states also require the financial advisor to pass a secondary It focus specifically on testing the candidate's general knowledge in securities, stock business and a good understanding of customer protection laws, procedures and liabilities. Such courses are usually conducted through internet as the candidates are often working professionals.