taking on the role of a financial advisor provides a range of opportunities not widely available in many career fields. the benefits of a career as a financial advisor go well beyond compensation. a success in the financial life of a client often equates to success for the client’s financial advisor. financial advisors are either fee-based, commission-based, or a combination of both. finding a balance between work and personal life can be a challenge when starting a new career and financial advisors are no different.
financial advisors have the opportunity to be creative in building their client bases. advisors can also decide to specialize in a particular type of type of client, such as doctors, lawyers, or entrepreneurs. financial advisors can experience a great deal of stress when starting this career. financial advisors are constantly managing the emotions of their clients based on downturns in the market, and this can lead to a high level of stress over time. a high number of advisors who leave the financial services industry speak to the stress caused by the amount of time and money spent creating and maintaining profitable prospecting systems. additionally, advisors are required to complete a certain number of continuing education courses each year to keep their licenses in good standing, and they must carry errors and omissions insurance coverage throughout their careers.
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