Requirements of the job of financial advisers

Today we are going to review the job of financial advisers. We will also try to understand what are the requirements to do this job properly. So, what does it mean and what does it take to be a financial adviser? Many of the financial advisers have a scientific background. Being good at maths is a requirement for this profession. Any financial advisor who manages a large portfolio has, of course, a (sometimes several) finance-related degree. These degrees or qualifications include CFA and MBAs from top universities for the best financial advisors. Even though there is no proper rule for this, an average financial advisor manages a portfolio of 100-500 clients. Here we are talking about clients with small portfolios. Therefore, even though the number of 100-500 clients may seem impressive at first, the overall amount under management remains relatively small. Of course, when it comes to the best financial advisors numbers are different. They tend to have far fewer clients, but clients with much bigger portfolios. A typical day in the job includes preparations of the interviews with clients. Meeting the clients and remaining in touch with their needs is of absolute necessity. Updating files and reporting activities also take a lot of time. The range of products that a financial advisor can propose to his or her clients can vary enormously depending on the company’s size and structure. These products can consist of short, medium and long-term savings real estate loans, property and casualty insurance, provident insurance but also stocks and bonds. These products can turn out to be extremely technical and it requires string educational background and continuous learning.