What skills do you need to be a financial advisor

Those who wish to be a financial advisor must have certain skills in order to be successful in their career. Not everyone has the keen insight needed to properly advise the public in the appropriate way they should handle their finances. Besides certain necessary skills such as proficient math skills, there are other personality traits you will need as well. Keep reading to find out if you have the necessary skills to be a successful financial advisor.
• Proficient math skills. As stated before, you will need to be very comfortable with math in order to even be remotely successful in this career. Many financial advisors will spend most of their time crunching numbers to decide what would be the best decision for their clients. They can determine how much should be invested and which stocks should be sold or bought.
• Analytical skills. Besides being great with numbers, you must be analytical as well. Being analytical allows you to determine what is best for your client. You must remain unbiased and take into consideration all the elements that surround your client before you make for final decision. These elements can include economic trends and also how comfortable the client is when it comes to making certain risky decisions.
• Must have selling skills. In order to attract new clientele, you must also sell your services by being personable. This means you must be convincing in what you do but also be able to make your clients feel comfortable. You must find a balance between the two, you don’t want to seem too pushy but you still want to have a successful business. Sell your services and build your reputation through your successes with your clients.
• Interpersonal skills. No one wants to give valuable information, especially their financial information to someone they do not trust or are not comfortable with. You must make sure that regardless of the outcome, your main goal is to do right by the client and look out for your personal gain. Interpersonal skills must also be applied to those you work with as well. Make sure you develop strong professional relationships that will provide certain benefits as well.
• Communication skills. Another skill to have in order to be successful as a financial advisor is to have impeccable communication skills. Since you will interact with clients every day you must find a way to explain difficult and complex concepts with them in a way that they will understand what is going on. You never want your client to be more confused when they leave your meeting. Remember that just because you can easily understand certain financial concepts, it doesn’t mean that your clients will be able to. Don’t get frustrated if they don’t get it as quickly as you would.
• Patience. You will deal with a range of all types of people. This means you must be patient. There will be days where you will deal with very impatient people and there are days where you will encounter very abrasive people. You must find a way to be patient and always find a way to satisfy your client.
1. http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-4
2. http://www.onetonline.org/link/summary/13-2052.00

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