How to Change Your Career to be a Financial Advisor

How to Change Your Career to be a Financial Advisor

Being a financial advisor can be a greatly rewarding and exciting career path and one which it is never to late to embrace upon. A study in 2009 found that a massive 88% of new financial advisors had worked in other sectors before turning to financial advice and it is in fact considered far more advantageous that you have some experience working in various sectors before beginning your role as a financial advisor like Keith Springer.


If you are currently working in a financial based institution and you are looking to switch up your career a little and go down a different path then here are some of the things which you need to do to start off as a financial advisor.


Review Your Skills


The first thing to look at is whether you actually have what it takes to offer people advice on their finances. You will need to have high levels of numeracy, a firm understanding of the financial markets and their impacts and also have dealt with a wide variety of financial situations within your own life. Along with these attributes, you will need to be confident in your ability and in the advice which you offer and also be able to be a strong communicator who is comfortable with people from all walks of life. Much of what you will be doing as a financial planner is selling your advice to the client and you need to be sure that you have what it takes to be able to do so.


Go Back to School


Most companies who look for financial advisors require that you receive a certification from the Certified Financial Planner registration. There is a test to take at the end and the course will take you around three years to complete. This isn’t full time study so you could look at staying in your current role whilst you are studying. It may be difficult to go back to studying if you haven’t done so for a while so it will be important to ensure that you have the time and the work ethic to do it.


Companies like Merrill Lynch and Wells & Fargo have their own form of training and do not require the CFP qualification, this might be a great place to start applying if you think that you already have what it takes to offer advice.




If you are able to then offering yourself up for a free internship or volunteer work within a financial planning or wealth management company will serve you very well in terms of gaining experience. the other great benefit of doing an internship is that it will definitely help you in finding a position much quicker than not doing an internship. Employers like to see this level of passion and commitment and even if you do not have the opportunity to leave your job in order to dedicate yourself to volunteer work, you could combine this with your days off and your night times.


Back to Top