My Career Plan by GRANT BARTLEY https://padlet.com/bartleyg1/guov1bv4foj0 “The only man who never makes mistakes is the man who never does anything.” - Theodore Roosevelt en-us 2019-11-11 19:52:40 UTC 2019-11-19 05:31:07 UTC hello@padlet.com Career: Personal Financial Advisor bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/410190519 Personal financial advisors meet with clients in to discuss their financial goals, educate clients and answer any questions they might have about investments or risks. They recommend or select certain investments on the clients behalf, aid in planning for the clients financial future, and monitor/update the clients’ accounts. It’s important for them to research and understand potential investments.
Personal financial advisors assess the financial needs of individuals and help them with decisions on investments, such as stocks and/or bonds. They help clients plan for short and long term goals, examples are, paying off immediate debts and saving for retirement. They basically invest clients’ money after discussing the clients’ goals and analyzing their financial situation.  



]]> 2019-11-12 19:14:08 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/410190519 Education/Requirements bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/410802223 Personal financial advisors require a bachelor’s degree in finance, Accounting, economics, or another related degree in the business field.
They also need 2-4 years of experience in corporate finance, financial planning/analysis, or investment banking. As well as knowledge on how to use Excel and other Microsoft programs. Some personal requirements include attention to detail, analytical skills , and problem solving skills. Luckily I’m certified in Excel, have declared a major in finance, and am great at analyzing data. Examples of legal requirements are passing the  Securities Industry Essentials (SIE) exam, 
Series 6: Investment Company and Variable Contracts Products Representative Qualification Examination (IR), or Series 7: General Securities Representative Qualification Examination (GS)
]]> 2019-11-13 19:09:04 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/410802223 Work Environment bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/410802739 Personal financial advisors  work in offices and in the field, either alone, or in small groups. I’d rather work in the private sector by myself, rather than with a team/company. Financial advisors meet their clients at their homes or businesses. They’ll typically work 40 or more hours a week. Typically on evenings or weekends, meeting with clients, promoting their brand, or attending seminars to increase their own knowledge. It is important to have the skills to work in an office environment, and by yourself just as well. ]]> 2019-11-13 19:09:41 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/410802739 Salary/Benefits bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/410803147 The median annual wage for personal financial advisors was $88,890 in May of 2018. This is an average, the top 10% made over $200,000 and the lowest 10% made less than $42,000. Advisors can also gain extra cash on commissions, or by charging a certain percentage of their clients’ assets. Otherwise they are typically payed hourly. Payment also depends on location. The best places to work as a financial advisor is New York, Texas, California, North Carolina, Florida, and Maine. Of course cost of living should be assessed here, since it is far more expensive to live in Los Angeles, than Carrollton.]]> 2019-11-13 19:10:05 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/410803147 Day in the Life bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/410803335 A typical day can be broken up into 5 parts. 1) Prospecting, starters can expect to spend the better half of the day, working the shoe leather. (Meeting with potential clients/expanding your portfolio) A more modern solution would include establishing a strong digital presence on social media or start a personal blog for clients to learn more about you. 2) Servicing current clients, once I have clients, it’s important to focus on them and meet their needs. Many advisors will begin their day by reviewing client portfolios, answering questions, and solving any problems before moving onto new clients. 3) Administrative chores, basically dealing with tasks such as compliance reports, updating client records, processing trade tickets, and dealing with other recordkeeping procedures.The “bookwork” aspect of the job. 4) Financial planning, entering data into financial planning programs is tedious work, and requires attention to detail. It’s important to make sure the clients financial situation is properly handled. 5) Continuing education, it is popular to attend seminars covering specialized topics or continue to earn new designations, in order to provide the best service for the client.]]> 2019-11-13 19:10:16 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/410803335 Why I Chose Personal Financial Advising bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/410803811 I chose this job for 2 main reasons. 1) I value a job with flexible hours. This job can allow me to eventually work around my own schedule. Initially I see working with a mentor in creating a portfolio, and gaining experience in this career. The final goal is to either start my own investing business, or live off of the investments I make in the next 10 years or so. Of course that’s a long way off and I still have lots to accomplish until that point. 2) This job has peaked my interest and it is something I can see myself doing everyday. I was debating between being a financial advisor, financial manager, or financial advisor. I came to the consensus that I wanted to work more independently, and help others financially. I prefer this over sitting in a cubicle, writing reports about the financial viability of a large company. I’ve always known I wanted to work somewhere in business/finance and this job turned out to be what I was looking for. ]]> 2019-11-13 19:10:50 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/410803811 Job Outlook bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/413166978 There is a 14.9% predicted growth of Financial Advisors from 2016-2026. The primary driver of employment growth is the aging population. As “boomers” approach retirement, more are likely to seek planning advice from personal financial advisors. In addition, the replacement of traditional pension plans with individual retirement accounts is expected to continue. People used to receive defined pension payments in retirement, but most companies no longer offer these plans. Forcing individuals to save and invest for their own retirement, increasing the demand for personal financial advisors. However, there are computer programs that provide automated investment advice. This will partially hinder demand for personal financial advisors. Yet, the impact of this technology should be limited as people turn to human advisors for more complex and specialized investment advice over the next 10 years.]]> 2019-11-19 04:20:58 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/413166978 Potential Internships bartleyg1 https://padlet.com/bartleyg1/guov1bv4foj0/wish/413168323 As mentioned earlier, in order to get started in financial advising, a long period of apprenticeship is preferred, and in most cases, required. I personally have made good relationships with adults that have offered me internships at their company, which could be a starting point for an after college apprenticeship. These apprenticeships last anywhere from 1-4 years. They include tasks like the ones mentioned above, however in this case, I would be observing/working closely with my employer. Financial advising poses a steep learning curve and an apprenticeship is necessary.]]> 2019-11-19 04:30:29 UTC https://padlet.com/bartleyg1/guov1bv4foj0/wish/413168323