▶ Check out my gear on Kit:
I get asked at least once per week for advice on how to become a financial adviser, and for ages, I’ve thought that I really should sit down and deal with the subject definitively so that in future I can just reply to these good people with a link! Today I’m going to consider everything you need to know and everything you need to do if you fancy a career in financial advice in the UK.
01:53 7IM Tom Sheridan retirement.
03:07 So many people ask Pete about how to become an adviser.
04:13 What you need to know – Becoming an adviser is difficult.
04:28 A bit of history of Pete
06:22 When Pete did his qualifications.
08:05 Qualifications now, different levels.
09:32 Providers of qualifications.
09:58 What you need to have knowledge about.
10:40 Different roles in financial advice.
11:00 1. Administrators and what they do.
12:04 2. Paraplanner and what they do.
13:32 3. Advisers, the client facing individuals.
14:12 Satellite roles.
14:29 Essential skills of an adviser.
15:19 – The ability to listen, to hear what is not being said.
16:05 – Ability to coach people.
16:33 – Ability to communicate, make the complex simple.
17:11 Distinction between advice and planning.
19:06 What do you need to do to become a financial adviser.
19:37 CII Diploma in Regulated Financial Planning.
20:16 Level 6 – Chartered financial planner.
20:59 How long training takes.
21:21 Certified Financial Planner (CFP).
23:46 Start training before approaching potential employers.
24:14 Pick your discipline – holistic financial planning, mortgage advice, protection advice.
26:34 Reach out to local firms.
28:42 How do you find a good local firm?
29:42 Prepare for a pay cut.
31:32 Document your journey.
33:59 Outro .