What does a Financial Consultant do?
A Financial Consultant, also known as Financial Advisor, provide individuals or businesses with advice and guidance on various aspects of finance to help them achieve their financial goals.
How is it like being a Financial Consultant?
Being a financial consultant is a rewarding career. Here are some aspects of what it’s like:
Work-Life Balance:You are your own boss. Whether you are a sports/fitness enthusiast, a family-oriented person, you will have the time to do all those while working as a financial consultant. You plan your own routine.
No Salary Ceiling:There is no cap towards your salary. Your salary is based on your own effort.
Client Interaction: Much of your time is spent interacting with clients, understanding their financial goals, risk tolerance, and investment preferences. This involves effective communication and relationship-building skills.
Equipped with Life Skills:You will build your interpersonal skills and problem solving skills. You will also improve on your communication skills and learn to not be afraid.
Continuous Learning: The financial industry is constantly evolving, with new products, regulations, and market conditions emerging regularly. Successful consultants invest time in continuous learning to stay ahead of these changes and provide the best possible advice to their clients.
Competitive Compensation: There are competitive compensation packages, including base salary (for 2 years), performance-based bonuses, and benefits such as monthly incentives and yearly incentive trips, to value and rewards consultants for their hard work and dedication.
How to be a Financial Consultant?
- Full certificate in GCE ‘A’ Level, International Baccalaureate Diploma qualification, diploma awarded by a polytechnic in Singapore or equivalent. Degree holders are preferred.
- At least 21 years old
There are 4 papers that you have to pass to be a licensed Financial Consultant:
M5 – Rules And Regulations For Financial Advisory Services
M9 – Life Insurance And Investment-Linked Policies
M9A-Life Insurance And Investment-Linked Policies II
Get in touch with me to know more on being a Financial Consultant and get corporate rates on the exam fees! As a reward for each paper that you passed on the first try, my team will reimburse you back the exam fees.
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