Tips for financial advisor interviews.

Do you have any tips to help prepare for an upcoming financial advisor interview?

Are there common interview questions that come up again and again?

why are you interested in becoming a financial advisor and why would you make a good one. i gaurantee this question will be asked.

nader in Los Angeles, California said: why are you interested in becoming a financial advisor and why would you make a good one. i gaurantee this question will be asked.

i am interested in fiancial advising because i am good with numbers and not much else also i have a decent memory. i think i will be a good fiancial advisor because i can remember numbers using a decent memory also i enjoy using numbers at school apart from pe it is the only thing i really enjoy

Parsnips, you can't be serious with a brain dead response like that. Please don't play with anyone's money. Ever.

A better response would be to give a short list of ways you'd like to help people with the products that the adviser has to offer. Also, that you like talking to and learning about people, and consider yourself a people person, who has trained to advise people, financially.

If you want to work your own hours, get highy paid whether your are in the office or not, and like having a nice lifestyple, then FA is a good choice, especially becoming a finacial invesetmen tadviser. As for where to start, look for an existing FIA prducer and an insurance adviser company and learn how to sell. Smaller companies are better than the bigger, popular companies. Eventually you will stay because you like it or leave because you want to start you own. This way you will get to know the ropes (very important). Stay away fom large insurance companies and away from negative people, like in the last two post. Nether one knows what there talking about and if there are in the business, they obvisiouly not making any money.

Howeever, despite what many advisers say to you, people do not really care about financial training. Most people only care about the asset returns. Afterall, that's what they are investing in you for. I say this bexause so many advisersors delute themselves and forget that they are just a sales tool to gather assets. And, regardless of who is to blame and despite how nice you are, many people will blame you for the losses and leave, regardless of who is at fault. If you can understand that and have ambition and work you will do really well. Also, Understand that becasue people only focus on returns there is a lot of compliance. Don't make the mistake of working with a broker dealer or a insurance broker but work with an Fiancial Investment advisor that does seminars and newsletter. 99% of advisers make this mistake and leave with in 5 years. Do this and you will be a superstar, travel a lot, and make a great and fun living.

living in reality in New Castle, Delaware said: If you want to work your own hours, get highy paid whether your are in the office or not, and like having a nice lifestyple, then FA is a good choice, especially becoming a finacial invesetmen tadviser. As for where to start, look for an existing FIA prducer and an insurance adviser company and learn how to sell. Smaller companies are better than the bigger, popular companies. Eventually you will stay because you like it or leave because you want to start you own. This way you will get to know the ropes (very important). Stay away fom large insurance companies and away from negative people, like in the last two post. Nether one knows what there talking about and if there are in the business, they obvisiouly not making any money.

Howeever, despite what many advisers say to you, people do not really care about financial training. Most people only care about the asset returns. Afterall, that's what they are investing in you for. I say this bexause so many advisersors delute themselves and forget that they are just a sales tool to gather assets. And, regardless of who is to blame and despite how nice you are, many people will blame you for the losses and leave, regardless of who is at fault. If you can understand that and have ambition and work you will do really well. Also, Understand that becasue people only focus on returns there is a lot of compliance. Don't make the mistake of working with a broker dealer or a insurance broker but work with an Fiancial Investment advisor that does seminars and newsletter. 99% of advisers make this mistake and leave with in 5 years. Do this and you will be a superstar, travel a lot, and make a great and fun living.

Should be getting offers from Edward Jones and Wells Advisors. Both have good talking points. I heard EJ makes you sign a contract if you leave within 3 years for another firm, you must repay training cost...I dont like. Is this true? Does WFA have the same stipulation?

All major firms have stipulations in the contract regarding the repayment of training costs. In my seven years in the business I have yet to see a firm go after a trainee on this. Normally when a trainee leaves in the first few years it is due to low production (commissions being generated). A firm has no incentive to chase after these people. Where it might apply is if a trainee joins a team or inherits a book of business in the first few years and decides to leverage this situation into a transition package at another firm (i.e. the firm pays you a upfront money to bring your book of business over).

A broker dealer effects securities transactions, basically B/D are paid upon commission, if you win or lose B/D will get their money. Financial investment advisor have a fiduciary to act in the best interest of the client. They are paid based on asset under management, so if you lose they lose. A B/D is run by Agents who work for the B/D, Brokers charge commissions, whereas Dealers charge a mark up/mark down cost. Investment Advisory firms are run by Investment Advisor Representatives (IAR), who act in the clients best interest.

parsnips in Weston-super-Mare, United Kingdom said: i am interested in fiancial advising because i am good with numbers and not much else also i have a decent memory. i think i will be a good fiancial advisor because i can remember numbers using a decent memory also i enjoy using numbers at school apart from pe it is the only thing i really enjoy

Ahaha sounds like the young kid from "The curious incident of the Dog in Night-time".

Huh? in Greer, South Carolina said: Parsnips, you can't be serious with a brain dead response like that. Please don't play with anyone's money. Ever.

Please - give Parsnips some credit - at least he gave an honest answer - unlike wallstreet. ie Maddoff... ect.

Hi I have an upcoming interview with Transamerica, What do you guys think about the company? I know confidence is key, but what can really set you apart from the other interviewers? By the way I have never done financing, Im 21 African American woman who is a physics major! I figured somebody must believe that I am capable at doing this job! Any comments or answers will help both negative and positive Thank you guys so much.