Independent Financial Advisor Jobs

 

 

Independent financial advisor jobs involve advising private clients about the best financial investment options for meeting specific financial needs.[br]

Independent Financial Advisor Jobs: Description

The primary task of independent financial advisors is to hold an initial meeting with clients to ascertain their present and future needs, known as fact-finding. Thereafter, the functions of an independent financial advisor include:

• Researching the best financial products and keeping updated on these products.
• Negotiating with financial product providers.
• Producing financial reports.
• Completing paperwork on behalf of the clients to set up the agreements.
• Tracking changes in law.

Independent Financial Advisor Jobs: Range of Services

Independent financial advisors offer the following services to their clients:

• Pension management.
• Investments planning and management, such as investment trusts, unit trusts and investment bonds.
• Mortgage planning, such as whether let to buy or buy to let. It also includes deciding on purchasing the most profitable mortgage option, residential or commercial.
• Acquiring and planning life assurance and critical illness insurance.
• Managing other insurance, such as motor, unemployment and health.
• Tax planning.
• Trust work.[br]

Independent Financial Advisor Jobs: Prospects

Besides working for individual clients, independent financial advisors can seek permanent as well as part-time employment with the following:

• Banks: Most banks employers hire financial advisers for all their branches.
• Insurance companies: There may be separate advisors for separate insurance covers, such as life, home and car. However, some insurance companies also employ a common advisor for all their products.
• Lawyers and accountants: Law and accountancy firms are increasingly employing financial advisers in-house to cut down the cost of hiring private advisers.

 

Working as an independent financial advisor helps to develop a wide range of skills. This opens up various career opportunities and chances of progress in other job avenues. The development of networking and selling skills can be optimized in lucrative career options, such as investment consultancy, stock broking, fund management and investment banking. Moreover, independent financial advisor jobs offer great flexibility, along with the potential to earn high returns.

 

However, independent financial advisors must associate with an independent marketing organization in order to start and maintain a successful practice.