Welcome to gradplus.com
A financial consultant provides advice on buying financial products including, pensions, mortgages, investments, house and life insurance and savings plans. Advice is available for individual or corporate clients.
Financial advisors are either tied or independent. Tied advisers work for organisations such as banks, building societies and insurance companies and only sell the products of the company they work for. Independent financial advisers (IFAs) give advice on the financial products of a number of different organisations. Both types of advisors have to establish the needs of the clients and then make recommendations based on their findings. Financial consultants need to keep up to date with any changes and new developments as well as the laws and legislation that govern finance.
A degree in business studies, finance and accountancy or related subjects will give you a head start but are not essential as training is usually on the job, working with experienced advisers/consultants. Financial advisers must gain one of several qualifications approved by the Financial Services Authority.
Promotion is through gaining additional qualification such as the Advanced Financial Planning Certificate awarded by the CII. Starting salaries for graduates going into this role can expect to earn around £15,000 a year. Experienced consultants may earn between £20,000 and £30,000 as a tied adviser, and between £30,000 and £40,000 as an independent adviser. At the very top of this industry it is possible to earn in excess of £100,000.
Jump to a specific category:
Please select category...
Accounting and Auditing
Logistic & Transport
Manufacturing & Engineering
Purchasing & Retail
Sales & Marketing