eHow launches Android app: Get the best of eHow on the go.
The primary objective of a financial advisor is serving clients. While some financial advisors see dozens of clients within the span of a single workday, some financial advisors don't spend very much face-to-face time with clients. How much time a financial advisor spends directly in front of clients depends on several factors such as... more »
Financial advisers provide vital services in the financial planning and retirement industry. Financial advisers provide counseling for those seeking to expand their retirement plans and maximize their investment assets. They often work on commission and help to minimize the taxes their clients pay and provide the best return on... more »
Becoming a financial adviser requires a university degree, a record of success, experience and some special licenses. Associated certifications exist that demonstrate experience and responsibility to potential clients along with additional responsibilities. Personal financial advisers must provide value to their clients over the long... more »
A stock broker works in the financial services industry. His is one of the more lucrative jobs in the industry. The average broker makes more than the average insurance representative, financial planner or banker. There are various types of stock brokerage positions available. Some people choose to be a broker simply as a stepping... more »
Financial planners are in demand. These professional financial advisers provide welcome counsel to individuals and families interested in allocating their savings efficiently, setting up a retirement fund and providing for the education of their children. There are more types of financial planners than you might think, with... more »
Planning ahead is always a good idea. Be secure in the knowledge that you are leaving your loved...
For as long as money exists there will always be a need for financial services jobs. Being a...
At the heart of our economy lies the financial sector of this country. You can lie at the heart...
Entrepreneurs need sound financial advice. You have already taken a major risk by starting your own business. The last thing you need for your... more »
Articles in magazines and newspapers and on websites proclaim that financial advising is one of the hottest careers going these days. However,... more »
The career of a financial adviser can be both challenging and rewarding. Financial advisers consult on such products as investment funds and... more »
Years ago, only the very wealthy had financial advisers who showed them ways to preserve and grow their assets. Then, with fixed-benefit pension... more »
Death of a loved one is a very stressful experience. Compounding the stress is a poorly written estate plan. Many legal and tax issues can result... more »
A financial adviser is a professional who renders investment advice and financial planning services to individuals and businesses. Ideally, the financial advisor helps the client maintain the desired balance of investment income, capital gains, and acceptable level of risk by using proper asset allocation. Financial advisers use stock, bonds, mutual funds, real estate investment trusts (REITs), options, futures, notes, and insurance products to meet the needs of their clients. Many financial advisers receive a commission payment for the various financial products that they broker, although "fee-based" planning is becoming increasingly popular in the financial services industry.
A further distinction should be made between "fee-based" and "fee-only" advisers. Fee-based advisers both charge fees and collect commissions. Fee-only advisers do not collect commissions, and thus do not face a conflict of interest created by commissions or referral fees paid by other product or service providers.
Financial planning
Goals
The main purpose of a financial adviser is to assist clients in the planning and arrangement of their financial affairs, such as savings, retirement provisions, tax treatment and wills. To ensure ethical practices, financial advisers must understand a clients financial situation as well as their need for financial stability. Finance can be complicated and any adviser has responsibilities ethically to see that a clients risk is minimized, and monetarily, that money is maximized.
Retirement
One of the major services that financial advisers offer is retirement planning. A financial adviser should have knowledge of budgeting, forecasting, taxation, asset allocation, and financial tools and products to establish realistic goals and the strategy by which to reach them. In the United States, this will include the use of several investment tools such as 401(k)/403(b) Roth account(s), Individual Retirement Accounts/Roth IRAs, mut read more at » http://en.wikipedia.org/wiki/Financial+adviser
Connect with people who share your interest by joining one of our Groups:
How to Get Fired Gracefully
How to Stop a Shopaholic
How to Feed Your Neighbor
Info on Caribbean Vacations
Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy. en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.
