How To Become A Financial Advisor Step by Step Guide

As a financial advisor for more than 10 years and being one of the top Financial Advisors in the company, I believe that this career is the best career choice for people. I started as a financial advisor back in 2009 when I was only 21 years old and became an MDRT member at age 23 (MDRTs are the top 5% of Financial Advisors in the World). This career has allowed me to go to different countries and give a comfortable life to my family and children. More than 10 years ago I left my career as a CPA and focused on being a financial advisor and I have never regretted this decision in my life.

Being a financial advisor is no easy task. It is a career that can be sometimes looked down upon by some people as merely a sales job. Sometimes this job causes you to be rejected by friends.

However, this job is also one of the highest-paying jobs. Further, financial advisors now are very investment savvy and know a lot about stocks, bonds, and more. Being a financial advisor now is more than just selling.

If you want to become a financial advisor follow the following steps:

Basic Requirements: I think it is important that you have a little background of what are life insurance products. It does not have to be a lot but at least google what is life insurance and investments.

1. Select a financial advisor team that you would like to join.

In choosing the right group to join, consider the following:
-the team can sell not just one product but many products from different companies (For example Aetos Financial Advisors is affiliated to more than 10 different insurance and investment companies)
-the insurance company that your team partners with provides good commission rates (Read Article:  Which Life Insurance Company Provides Highest Commission For Financial Advisors)
-competent leaders who are successful in their field that you can be proud of
-great support system and great culture
-the team is able to adopt a strong digital strategy = meaning the team is investing in tools, websites, applications, strategies, trainings to help the agents thrive even in the new normal (aside from what the insurance company is providing)
-the team provides additional benefits like giving leads and clients to their advisors

2. Contact the team and schedule an orientation

Don’t worry these orientations usually require no commitment to join, just mention that you are exploring the career.

3. Start reviewing for the licensure exam for financial advisors.

Most teams have monthly classes for the review. In our team, we have online exam reviews as well as face-to-face classroom reviews. To check our online reviewer visit our eUniversity here. Those who take our eUniversity online review and coaching sessions usually pass the licensure exam with good grades. Don’t worry it is not as hard as it looks.

4. While reviewing, start preparing for the documentary requirements for the licensure exam.

These are simple requirements like preparing your ID pictures, Proof of SSS Number, and TIN number.

5. Take the examination of the Insurance Commission. This is usually done before face to face but due to the pandemic this is now done online. Examination is just a multiple choice and it is not as hard as it looks.

6. If you pass the exam, ask your team leader on the next steps. Join the trainings of the company and the trainings of your team.

7. To fast-track your growth, do online trainings while waiting for the classroom trainings.

If you are considering becoming a financial advisor, give it a try. Who knows this might be your calling in life.

The first step to becoming a financial advisor is to know if you are fit to become a financial advisor.