Are you having some financial issues? Do you need advice on how to finance? If so, you need to hire or call a financial advisor. A financial advisor is any person or group that makes investments recommendations or conducts securities analysis in return for a fee. There are two types of financial advisors- independent and restricted. Independent financial advisors (IFA) research and consider all retail investment products or providers available to meet client’s needs. They also provide clients with unbiased and unrestricted advice. Restricted financial advisors only offer limited advise and focus on a particular range of products from one or limited numbers of providers. All financial advisors must inform clients whether they provide independent …show more content…
A qualified financial advisor annual salary ranges from $30,000 to $45,000. A typical annual salary for a trainee advisor is about $22,000 to $30,000. Wealthy managers or private clients advisors that work in major retail or private banks can earn excess of $100,000. Financial advisor may also earn bonuses and commission and have additional benefits on top their salary.
Financial advisors employment outlook shows that employment of a financial advisor is projected to grow 30 percent from 2014-2024. The primary driver of employment growth will be the aging populations, some individuals must save and invest for their retirement. This will increase the demand for a personal financial advisor. Financial advisors must contain multiple skills so they can give clients satisfying advice. They must have excellent communication, interpersonal, and listening skills. They must have the capability to explain complex information simply and clearly. Must be able to research and have analytical skills. They must have good decision making skills and give good customer service. All financial advisor must have an ethical and professional approach at