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Financial Avisor... -
06-08-2008
There are two types of financial adviser and I want to talk about those 2 case, I went to meting few years ago to one of Financial Adviser firm Northwest Mutual and they offer me a job it was like $34,000 a year but on the begining it was like $28,300 a year so it was not good money.. like $10 a hour after tax and expenses but ofcourse they give you good oportunity because they pay for your expesnes such as advertising, meetings, ( let say you want to build a relationship with a local team and you invited them to a club) they pay you for your expenses, actually they reimburse those fee so they don't pay upfront, you have to pay upfront and they will reimburse all those fees.. and you got all your materials free of charge so pretty much you are working for company but still need to have your own client, simple say ANY FINANCIAL ADVSIDER NEED TO HAVE THEIR OWN CLIENTS! COMPANIES DON'T PROVIDE CLIENTS FOR YOU, if you don't have a client you don't meet with people you don't deal with people then you don't get a pay, it pay per your performance, it a little risky business and you need to know a lot of people in order to gain money
The other types of Financial adviser is to work for your own but you still need to pay Franchise fee with is like $3,000 a year! in addition you got a pay per your performance as have to have your own Client and if you don't meet with people you don't get paid for your performance easy? so financial adviser job is not that easy as you may think you need to meet with people drive to peopel house, lot lot of nervous, gas and time in order to sell one health or life insurance or get application for like pre-legal services or home loan application like smart loan, so as I say it take time and effort in order to became financial advisder this is not my end of story , you need to have license, life and health licesnes with is like 20 hours of education that not bad .. plus a fees like $60 dollar to state and pass U4 with is licenses 6,63 and pay for the licensese and book with is like $3000 easy.. in addition you need to buy your own Kaplan book for education and spend 4 month to pass exam and study day by day so are those education " reimbursement" NO you don't get any money because you have a license, some company give you a bonus check first month after you get a license.. but it take a time and effort
So it not easy to became financial adviser!
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