| If you've been looking at financial advisor jobs, or | | | | should they? |
| trying to find out how to become a financial | | | | Third, it takes time to build seasoned relationships |
| advsior, I've got news for you: it's not as easy to | | | | with your clients, where they come to trust you, |
| make money with this position as you think. | | | | know you and like you. People only do increased |
| I'm a veteran of the financial services industry, | | | | business with people they know, like and trust. |
| having spent 7 years as a financial advisor. I was | | | | Depending upon your personality, it could be easy |
| blessed to have built a thriving practice of over | | | | (or not so easy) for people to get to know, like |
| 200 client groups. I sold my financial planning | | | | and trust you. Time is required. |
| practice and received a very nice payout for | | | | Becoming a financial advisor is not a viable solution |
| several years. | | | | for money problems today, if you're looking to |
| So I'm speaking to you from experience when I | | | | make money quickly. You'll probably be out of lots |
| say this: IT'S NOT EASY TO MAKE MONEY AS A | | | | of money and time before you actually hit profit |
| FINANCIAL ADVISOR. | | | | status, which can be true of many businesses out |
| As a matter of fact, I would place this way of | | | | there. |
| earning income high on the | | | | The important thing is that you go into the |
| difficult-ways-to-make-money list. | | | | financial services industry with your eyes wide |
| Here's why. | | | | open, and no stars in them. |
| First, you'll probably work for several years | | | | I began my career in financial services with stars |
| before you turn a real profit. When I say several | | | | in my eyes, excited about being in a prestigious |
| years, I mean in the neighborhood of 3+ years to | | | | industry with lots of clout and respect and |
| really find your groove and have things moving | | | | thought it would be fairly easy to build my |
| along like clockwork. | | | | practice. It wasn't. On some days, it required the |
| Second, you'll probably work lots of hours in the | | | | proverbial blood, sweat and tears. |
| beginning. Working 60+ hours as a financial planner | | | | So tread carefully when considering financial |
| is not unusual in the beginning years of building a | | | | advisor jobs. There is a higher profit, easier |
| practice. There won't be a lot of time spent with | | | | alternative (see below). |
| friends and family. They get used to it, but why | | | | |