11 Things to Know Before Becoming a Financial Advisor
Before becoming a financial advisor, ask yourself what your motivation is for starting a financial advisor career. “If you’re interested in becoming an advisor to make money, you’re doing it for the wrong reason,” says Jeff Cashman, principal partner and lead advisor at Cashman Consulting. “Aspiring advisors should genuinely want to help people and serve as a trusted counselor.” He tells aspiring FAs to be “success-driven, not dollar-driven.” Those who are success-driven want to be the best they can for their clients. “Frequently, young professionals get so attracted to the potential for high commissions that they forget the purpose of their role in the first place,” he says. A lot more goes into your work as an advisor beyond just hunting the big-dollar clients, primarily with building client relationships..
U.S. News & World Report, August 26, 2019
