We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

How Do I Become a Financial Coach?

Lainie Petersen
Updated May 17, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

To become a financial coach, you should first investigate the laws in your jurisdiction that govern who can provide financial advice. Depending on the type of advice and support that you give as a financial coach, you may be required to be licensed as a financial advisor before opening your practice. As such, you may need to receive training as both a financial advisor as well as a professional coach. Once you've completed any necessary training and received licensure, you can begin to offer your services to others.

Typically, you will not need a license to become a professional coach. You may, however, choose to obtain professional credentials by completing a life coach certification program. These programs are usually offered through professional coaching associations. As part of your training, you may be able to focus on coaching people in financial matters. If financial coaching courses are not available as part of your training program, you may want to seek out continuing education courses that can help you become a financial coach. You may also want to start working as a general life coach, improving your coaching skills before you decide to specialize in one area of coaching.

Many areas regulate the offering of financial advice. If you become a financial coach with the intention of just trying to motivate your clients to spend their money wisely and to develop savings, you may not need to undergo any further training or licensing. If you plan to offer more specific financial advice, such as suggestions about appropriate investments, you may run afoul of the law in your area unless you become licensed as a financial advisor. The process to become a licensed financial advisor varies by jurisdiction, but may require you to complete a bachelor's degree, a series of certification classes or both. You may also need to complete an internship before you can sit for your financial advisor license.

After you have obtained the training necessary to become a financial coach, it will typically be up to you to begin your financial coaching practice. You may be able to kick-start your coaching career by becoming certified by a professional association that can add you to its directory of coaches. You may also be able to offer financial advising and financial coaching as a "package deal" which can set you apart from other financial coaches and advisors who only have training in one area.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Lainie Petersen
By Lainie Petersen
Lainie Petersen, a talented writer, copywriter, and content creator, brings her diverse skill set to her role as an editor. With a unique educational background, she crafts engaging content and hosts podcasts and radio shows, showcasing her versatility as a media and communication professional. Her ability to understand and connect with audiences makes her a valuable asset to any media organization.
Discussion Comments
Lainie Petersen
Lainie Petersen
Lainie Petersen, a talented writer, copywriter, and content creator, brings her diverse skill set to her role as an...
Learn more
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.