What Does a Personal Financial Advisor Do?

Personal finance emerged in the United States in the early 1990s and matured in the late 1990s. After more than 10 years of development, independent financial advisors have become a new profession. And the savings of domestic residents has exceeded 10 trillion yuan. According to a survey conducted by professional wealth management websites, 78% of those surveyed have a demand for wealth management services; more than 50% are willing to pay for wealth management services. In the next 10 years, China's personal financial market will grow at an average annual rate of 30%, and it will become a country with great potential for the personal financial market after the United States, Japan, and Germany. According to experts, according to an estimate of 100 financial advisory services, the gap in domestic financial advisors is at least 100,000.

Financial Advisor

(Job name)

In the early 1990s, financial management was still a strange word for ordinary citizens. With the continuous growth of China's personal wealth, people's demand for financial management has become stronger and stronger, and professional financial consultants have quickly become a "red". Just like lawyers, analysts, accountants,

Finance or finance related majors with economics, consumer spending,

1. A wealth of financial, investment, economic, and legal knowledge Financial planners should be "all-round + specialists" This means that financial planners should systematically master economic, financial, investment, and legal knowledge, and in some areas are specialists , Such as insurance, securities, and other specialties.

2. Good character and professional ethics Customers are the "clothing parents" of financial planners. Financial planners should take the interests of customers as the service center and always consider the customers instead of selling products to customers. In addition, it is also an important aspect to keep the customer's personal secrets. Many customers' privacy is involved in the financial planning process. As a customer's personal financial advisor, it should be kept confidential.

3. Relative independence Financial planners working in banks, securities, and insurance companies have more or less the purpose of selling products while conducting financial planning for customers. This is an objective problem. But selling products should be based on the interests of customers and should not be "financing for sales." In the future, there will be many "independent financial management companies" in the society. These financial management companies are highly independent and do not depend on certain financial institutions. They are from the perspective of customers to help them choose investment products and achieve their financial goals.

Practitioners engaged in personal financial management should be professionals who have received strict training and obtained corresponding qualification certificates. Financial planning is a comprehensive financial service. It is a planning for the entire life of the customer rather than at a certain stage. In addition to having profound professional knowledge, skilled investment and financial skills, and rich financial experience, practitioners must also be familiar with stocks and funds. , Bond, foreign exchange and other financial business fields.

Financial planners do not have restrictions on men and women. Women have the advantages of being careful, cautious, less prone to errors, easier to win the trust of customers, and able to provide customers with more detailed and patient services. However, this profession is a very rational profession, so women also need to exercise their logical and analytical skills. In the face of market turbulence, keep your head cool and rational, and then you will be able to compete in this industry.

The financial advisor's income has three parts:

Development path: "National Professional Standards for Financial Planners" was formulated by the Ministry of Human Resources and Social Security of the People's Republic of China.

Financial advisors play a very important role in modern society. They are a group of people who specialize in providing investment advice for people. What does a financial adviser do specifically? The duties of a financial adviser are simply divided into the following points:

1. Conduct a comprehensive evaluation of the client's funding situation.

2. Analyze the client's funding situation.

3. Identify funding gaps.

4. Formulate a reasonable fund allocation plan, and recommend investment directions for customers based on individual growth stages and risk preferences.

Generally speaking, the job of a financial consultant is to provide financial services to clients, and use their expertise to formulate reasonable investment plans and fund allocation plans for clients.