What Does a Personal Financial Planning Consultant Do?
The profession of a financial consultant is really in high demand now. It is a financial adviser who will help you draw up a personal financial plan or investment plan. Financial planning will help reduce possible risks and the likelihood of unpleasant, overhead situations. This profession requires you to be a universal specialist in a wide range of modern financial services: from the basics of financial and tax legislation to solving the financial problems of each specific family. The main thing is to find a competent financial adviser, for example in Portofino, you can learn more about Portafina here. Well-versed in the main financial problems, the consultant is able to provide advice in planning the family budget, investments, pension provision, and not only. It structures current, present and future financial needs and recommends ways to meet them optimally, taking into account the specifics of taxation.
Careers in financial services are very lucrative. You could be a financial consultant, financial advisor, financial planner and others. These careers are still in demand even with the global financial crisis. To be a personal financial planning consultant, you have to earn an undergraduate degree in Mathematics, Accounting or Business Administration. It is a plus if you also have a Master’s Degree in Business Administration. A Personal Financial Consultant should be licensed by the Financial Industry Regulatory Authority (FINRA) to conduct business. They have to get the Series 7, Series 63 or 66 licenses. The licenses certify that they are registered financial advisors. In getting the Series 7, you have to be closely working with a reputable securities firm to show you are licensed to buy or sell security plans on their behalf. You have to have additional licenses if you want to sell insurance, and state licensing boa
