Golden Tips to Launching Your Career As a Financial Advisor

They're no question that we're at a financial cross roads. Now more than ever there's a need for qualified financial advisors to help lead us down the path to financial security. These careers are not only lucrative but rewarding as well. It's important to understand everything that goes into becoming successful. Let's take a closer look at some important tips that should be followed when building your career.

Independence
With all the financial problems facing people today, there is no single best solution. By being independent of any set financial institution, you'll have the freedom to choose the right financial products to meet your client's needs.

Don't go it alone

While you should be independent of a specific financial institution, it's important to make sure you you're not totally along in your endeavors. There are several independent marketing organizations that will give you the training and tools required to succeed in this competitive business.

Build a referral network
Networking and word of mouth is the best form of advertising. By being referred by a friend, your clients will be more willing to trust your judgment. This is why it's important to team up with qualified professionals in your area.

Selling isn't import
Contrary to popular belief selling yourself isn't that important. It's all about positing and taking care of your clients needs. By satisfying your customers, not only will they keep coming back but they will tell their friends and business associates about the services you provide.

Ask the right questions
When meeting prospective clients, don't spend a lot of time talking about yourself and your qualifications. Instead focus your attention on your clients needs by asking the right questions. What are their goals? What is your risk tolerance? How do you feel about...?

Communication is key
Stay in touch with all prospective clients. It could take several meetings for them to agree to work with you. Don't be pushy. Many times this will turn people off. Always be polite and keep their needs in the forefront.

Start small
While it's true that you need to spend money in order to make money, don't go overboard when starting out. Try to keep your start up cost to under $500. Limit your risk in the beginning and then you can expand your business after it becomes profitable.

By Tim Bock