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Introduction to Becoming a Financial Advisor



  • Financial adviser salaries are above average—median annual wages were $66,580 in 2011, with the lowest-paid 10 percent earning around $32,810 and the highest-paid 10 percent earning more than $187,199. The highest-paid in the profession work in the metro areas of Bridgeport, Conn., Fayetteville, Ark., and New York City.

  • A Financial Advisor can get licensed to provide services and charge a fee by zeroing in on three designations: as an Investment Advisor Representative, Registered Representative or Insurance Producer. Each designation covers different areas of finance and can service a vast array of clients.

  • As the job title implies, a Financial Advisor must be able to make sound recommendations to their clients on how they can best utilize their money while at the researching the marketplace for trends and giving their clients sound advice about products and services available, ensuring they are aware of and understand what best suits their needs and then securing a sale.