Becoming a Financial Advisor - Everything from A to Z

Show Notes

What is the entry-level financial advisor career path like? T

his is a question I get all the time and I want to cover the 4 basic paths today. ︵‿︵‿︵‿︵‿︵︵‿︵‿︵‿︵‿︵︵‿︵‿︵‿︵‿︵︵‿︵‿︵‿︵‿︵︵‿︵‿︵

1. A brief history of entrance into the industry

2. There are differences between each channel. They are the bank (or wirehouse/captive), broker-dealer, independents (or registered investment advisors) and hybrids.

3. There is a different standard in those channels—it is the suitability standard or the fiduciary standard.

4. Why you may choose either has totally to do with you and what you believe. Can you serve the client's best interest using either standard? What you would do for your parents should be what you do for clients. Although entering the industry via the broker-dealer route is ultimately a lower bar and easier, is it the best route to go for you? What are your thoughts?

If you'd like to learn more about how to decide your route, you can register for a free preview of my course "How to Jumpstart Your Financial Services Career" at djh-capital.com/jumpstart.

Thanks for listening, reading and watching.

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