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How do I Become a Financial Investment Advisor?

Article Details
  • Written By: Luke Arthur
  • Edited By: Heather Bailey
  • Last Modified Date: 09 July 2019
  • Copyright Protected:
    2003-2019
    Conjecture Corporation
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In order to become a financial investment advisor, you will have to go through rigorous testing as well as a comprehensive educational program. The first step of the process is to find a financial planning company to sponsor you. Then you will have to take the appropriate examinations and pass them. At that point, you will go through a detailed training program specific to the broker or financial planning company that hired you.

The first thing you will need to do is find a broker or financial planning company to sponsor you to take the examinations necessary to become a financial investment advisor. The process of finding a company to sponsor you can be difficult, because there is a great deal of competition out there. In order to give yourself the best chance to become a financial investment advisor, you should most likely get a college degree in finance or business. Once you find a company to sponsor you, it will pay for you to take the appropriate examinations. You may need to speak to and apply with several different financial companies before finding one that will sponsor you.

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In order to become a financial investment advisor, you are going to have to take two tests. The first test is called the Series 7 Stockbroker Exam. The second test is the Series 66 Uniform Combined State Law Exam. In order to move on, you have to pass both of these tests. If you do not pass the tests, you can take them again after waiting a month.

After you pass both of the tests, you could officially be hired by the company that sponsored you. At that point, you will have to go through a comprehensive training program specific to the company you work for. Every investment company has different financial products. You will have to become extremely knowledgeable about all of these products and learn how to sell them to your clients.

Once you become a financial investment advisor, you can start to build your client base. This can be difficult at first because you will be trying to take customers away from other financial advisors and find new customers who do not have any experience investing. After a certain amount of time, you could grow a large customer base to work with.

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