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Do You Have What It Takes to Be a Good Financial Adviser?

Having a Career in Financial Management

how to find a good financial advisorIf you were in the shoes of your clients, would you consider and end up deciding on hiring yourself as a financial adviser?

So many things have been said and written about what makes a good financial adviser – his habits, the innate characteristics which he is gifted with, his credentials and qualifications on paper, and the list goes on. Have you identified yourself with any of those things and attributes?

How about these essential qualities that make for a good financial adviser? Have they crossed your busy mind that is so engrossed in numbers, money-making and investment strategies?

Let us guide you through a rather brief self-assessment. Read on and learn a little bit more about yourself. Do you have these in you to be called a financial adviser, a good one to be more specific?

Characteristics of a Good Financial Adviser


A good financial planner has been schooled and is very learned in business, and financial planning and strategies. Beyond that, he has to have experiential credentials. It goes even further than that. He thinks on his feet and the way his mind works is very adaptably. He knows his clients, their needs and their goals and so he knows how to adjust to them, customize his approach to financial advising accordingly depending on their personal individual circumstances, and ultimately applies his technical knowhow combined with experience based on these contexts.

financial managerHis excellence is not just reflected on paper. He has the street smarts even which is a deemed necessary ingredient in staying power in his chosen career. He has wisdom too. All these he incorporates on the job.

That is what expertise in financial planning is.

What do you think? Do you belong?

Genuine Concern

He cares, and truly, for his clients and their financial health. His profession in finance is never just about quota, commissions and earning for himself. He would not shove a new product which he is selling to a client if he believes it in himself that the product is inappropriate and lacking significance in his given situation.

A good financial adviser finds the time to have actual conversations with his clients over some coffee and makes them feel valued and comfortable. While he does some necessary talking and a lot of crucial financial advising, he too is an authentic listener.

He serves as a partner to his clients, guiding them to financial stability and success. His clients are a priority.

Proactiveness and Initiative

A good financial adviser is a good communicator. He keeps his clients posted with updates in exiting financial issues, concerns and trends which can affect and impact his clients’ previously thought out plans and routes to take in their investments. He is first to pick up the phone to inform his clients if there are any new doors open that lead to new and great financial opportunities.

financial planners in my area

He goes out of his way to direct his clients to the right way.

How are you faring so far? Do you still qualify under the good financial adviser category?

Confidence and Composure

A good financial planner is an expert, communicates effectively, takes action as necessary and is concerned. Equipped with all these, confidence and composure on the job follows.

He is patient, calm and composed as are the online financial advisers on Time may be of the essence but urgency without security is not. So, he takes the time to listen, read, observe, analyze and evaluate before he speaks what he decides and believes will be best for his clients.

Are congratulations in order for you? Do have these foundational features to deserve to be called a financial adviser who is good at what he does?

Business Planning

A Venture’s First Impressions

There are many successful enterprises today which have humble beginnings. A lot of these businesses started out as small ventures with definite goals and determined owners. For example, one of the most prominent names in the computer industry started in a garage with three friends aiming to compete with the biggest name in the industry of equipment at that time. Slowly but surely, they clawed their way up the industry and has positioned themselves to be one of the most trusted brands today. How were they able to organize their venture into something big and reputable? With careful planning, their business has come to fruition.

Business Plan DefinedPlanning your business for success

What exactly is a plan of activities? A business plan is a formal statement of your enterprise’s goals, and it also aims to answer why those are your goals and how you can achieve your goals. To put it simply, a business plan is a formal document which states your organization’s objectives, your mission, and your vision. It is somehow like your business’s Bible; a guide for your venture to base decisions from.

A simple business plan normally supplements business presentations to target investors, and audiences and a well-written plan establish the trust of your audience to you, as the presenter. With that in hand, business plans are somehow factors for the target audience to make their decision such as when applying for loans from a bank.

Some banks require the borrowers to include their business plan with their loan application documents since these schemes can in one way or another, determine a borrower’s capability to pay. Since these are crucial to a venture’s success, a simple plan with a good mixture of elements can enhance its impact on your audience.

Business planning for profitsElements of a Business Plan

Here are a few of the business plan elements which you must consider upon making one:

1. Cover and table of contents – these pages contain the title of your project (commonly incorporated with the business’s name) as well as the pages where sections can be found

2. Objectives – statement of your venture’s goals and why they are achievable.

3. Background – What is your motivation for your proposal?

4. SWOT Analysis – a good plan has a well-defined set of limitations. Business plans should contain the strengths, weaknesses, opportunities and threats that you can potentially face. A good business plan recognizes its capabilities and its shortcomings.

5. Methods – Have you gathered information about your market already? What are you planning to do with your business, given that you have already analyzed your market? Your competitors?

6. Results – What have you found out with your data gathering? Is your business feasible?

7. Recommendations – What have you done so far and what can you further do to improve your findings?

Making The Best Business Decisions

In conclusion, those are only some of the elements that it must contain. The way how you play with these items and how you’re present them to your target audience can help you garner impressions from your audience regarding your venture. It is important to note that the functions of your plan will mainly guide you with your business decisions, but sometimes, business plans can be modified to enhance your marketability further.