If you’ve ever given a friend advice on how to spend money, then you’ve already acted the part of personal financial advisor.
But knowing how to spend isn’t the only skill you’ll need to have. You’ll have to know about saving as well. Maybe your friend has been saving up for college but suddenly decides to splurge on an expensive new stereo. Can you convince him to keep saving for school?
Personal financial advisors help people manage their money for both the short and long term. They help them decide which stocks, bonds, mutual funds, and other financial products to invest in.
Many personal financial advisors teach night classes or seminars in order to bring in more clients.
A clear communicator and an excellent problem solver who loves to work with numbers. Since personal financial advisors help clients meet their goals, it helps to be a good listener.
About 30 percent of personal financial advisors are self-employed.