What qualify a creature to be a financial consultant or counsellor?
Answers:
Go to this webpage:
http://www.bls.gov/oco/ocos259.htm...
It's the Department of Labor information source for occupation.
mostly, the customer believes you are qualified.
some such those own state issued licence [I hold a CPA ticket, for example].
others enjoy industry issued certifications [like issued by a brokerage concern or its education arm].
others are hybrid between the two.
***
mind that tons 'advisors' are compensated via commissions for selling product. no mart, no income.
ugh
After I retired I started to due fiancial consulting on a slice time font, 20 hours a week at the most. In my bag I own an MBA contained by Finance (accounting), am a CPA and served as a SVP for a fortune 100 company. I tend to work next to mid to small businesses in a role of CFO. They commonly can't afford to settle up $200,000 a year for a CFO but they can recompense 5 hours every two weeks to take that expertise.
Pursuant to federal statute, adjectives such relatives want to buy a license by FINRA (formerly NASD) and register surrounded by the states they do business in.
In writ to land the license, one would requirement to be sponsored by a FINRA partaker (all brokerage firms are members) and pass by a few hour tryout.
Obtainint the license would be the minimum qualification.
www.finra.org
The possesion of an accounting qualification, of or a series 7 or 63 license, will be enough.
If, however, you are asking this examine surrounded by the context of getting a position as a FC in a company close to American Express, etc, be aware that these are primarily sale job.
Your major responsibility will be to bring clients, and you will be compensated for the most part from commissions. Base net ( if they hold one ) is extremely low and insufficient to cover cost-of-living, so you HAVE to deal in to variety a clad living.
They may give support to you, or even salary to buy your license, so explicitly a dutiful benefit.
The single one(s) I would trust are the CFP from Denver.