How do I become a financial planner?

Become a financial planner

To become a financial planner, there are four steps you must take: high school education, experience, certification and licensing. All of these steps are required to act as a financial planner. 

A financial planner is someone who is responsible for helping individuals with their investments and long-term financial plans. This can include education funds, early retirement or the purchase of shares and bonds.

The type of upper secondary education that is recommended to become a financial planner ranges from a three-year diploma in financial management or accounting from a society or career college to a degree in accounting from a university. 

The vast majority of financial planners have an educational background in accounting or finance. It can be very helpful when you are trying to understand financial concepts and give customers guarantees that you have some knowledge in the field.

Practical experience that is useful when you become a financial planner includes customer service, CFO, accountant and working for an investment firm. All of these experiences combine customer service and financial information. Many financial planners also gain public speaking and presentation skills to increase their skills.

Most financial planners are employed by a large end company or an investment firm. These companies often required employees to implement a customized course in their product range, customer management, portfolio balancing and long-term investment strategies. These courses are provided free of charge, but successful completion is usually a requirement for continued employment.

Some states have licensing requirements for anyone who wants to become a financial planner. Contact your local government for information on training requirements, surveys and licensing fees. The purpose of these licenses is to assure customers that their money will be invested and managed properly.

Financial planners who open a private practice are usually Certified Public Accountants who have added financial planning to their skills. There are many factors to consider before opening a private practice. Resources, support and financing are all important articles that have a direct impact on the long-term perspective of this type of company.