What Does An Investment Advisor Do?

By Author: Aditya
Total Articles: 72
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Taking care of your finances is a tough job. It takes lot of work and sweat to earn money but it is very easy to spend it. Sometimes in a couple of hours you can spend more than you earn simply because you were careless. This happens to the most of us.

The only way to take control of your income and expenditure is by carefully investing and saving as much as we can. Unfortunately, this is where the problem arises. Having little understanding about stock markets, mutual funds and insurance policies, we tend to follow our friends and family’s advice without completely understanding and make mistakes all along the way.

This is why consulting an investment advisor is so important. Now, who are they? How do they earn this title? Why should you trust them? Let’s find out.

Who is an Investment Advisor?

An investment advisor is a person who has been certified to give you advice on how to manage your money. They give investment recommendations, analyse your savings and suggests ways to grow your money.

If until now you have been taking the advice of your family and friends on how to save money, ...
... this needs to change. Your investments should not be based on emotions or on how others do it. It must be a smart move that will help grow your money faster.

How to Become an Investment Advisor?

To become a certified investment advisor, the best thing to do is to get officially certified. The most popular investment advisor course is Certified Financial Planner. It is a certification course accredited by the Financial Planning Standards Board (FPSB) and is an internationally recognised certification that is much valued across the globe.

In India, there are only a handful of CFPs which means the demand and scope are both very high. In fact, as the complexities of the financial world increases, the demand for certified financial planners is increasing day by day. From Mutual Funds to risk management, asset management to financial advisors – everyone is looking for certified financial planners.

What Do You Need to Become a CFP?

The FPSB has made it quite simple to pass the certification. The course can be completed within a year upon passing the exam. There are two ways to get the certification – one to directly enrol with FPSB and self-study for the certification course or to enrol in one of the colleges authorized to assist in the completion of the certification.

If you take the self-study route, you will have to give mock tests comprising of chapter quizzes and other tests and get at least 70% to even get to the certification exam level. On the other hand, if you take the instructor-led completion path, you will be assisted throughout by the experienced faculty of the institute.

You will be privy to comprehensive course materials which will include workbooks, live classes, videos, books, assignments, and more. Moreover, you will not need to take the mock tests as is otherwise necessary by the FPSB and can directly sit for the certification examination.

If you want to become an investment advisor, get this certification from FPSB today!

Original Article published on teletype.

Hi I am Aditya Kumar, a BSC graduate. I have a passion to be part of the creative industry being it fashion industry, designing or any other field where creativity is used.