Financial adviser

Alternative titles for this job include Independent financial adviser

Financial advisers help people and organisations to choose investments, savings, pensions, mortgages and insurance products.

Average salary (a year)

£25,000 Starter

to

£90,000 Experienced

Typical hours (a week)

35 to 40 a week

You could work

evenings / weekends attending events or appointments

How to become a Financial adviser

You can get into this job through:

  • a university course
  • an apprenticeship
  • working towards this role

University

You could do a degree in a relevant subject like:

  • financial services
  • business management
  • accountancy

Entry requirements

You'll usually need:

  • 2 or 3 A levels

More information

Apprenticeship

You could do a financial adviser higher apprenticeship or degree apprenticeship for a financial services professional.

Entry requirements

You'll usually need:

  • 5 GCSEs at grades 9 to 4 (A* to C) and college qualifications like A levels for a higher or a degree apprenticeship

More information

Work

You could start as a financial services administrator or customer services adviser in a bank and work your way up.

To do this, you'll need to study for a level 4 qualification in financial advice recognised by the Financial Conduct Authority. These include:

More information

Registration

Further information

You can find details about working in financial services through The London Institute of Banking & Finance.

What it takes

Skills and knowledge

You'll need:

  • customer service skills for finding out customer needs
  • knowledge of economics and accounting for understanding financial markets and products
  • maths knowledge for creating financial plans
  • the ability to sell products and services
  • excellent verbal communication skills
  • active listening skills
  • business management skills for negotiating product rates
  • to be thorough and pay attention to detail
  • You will be expected to use a computer confidently as part of this job.

Restrictions and requirements

You'll need to:

What you'll do

Day-to-day tasks

Your day-to-day tasks will include:

  • talking to clients about their finances and plans
  • researching financial products and explaining them simply and clearly
  • negotiating with providers of financial products
  • producing financial reports
  • updating clients about their investments
  • meeting performance and sales targets
  • keeping up to date with new products and law changes

Working environment

You could work in an office, from home, at a client's home or in a contact centre.

Career path and progression

If you work for a large financial organisation, you could specialise in one area of work like retirement planning. You could also move into management, recruiting and training new staff.

With further specialised professional qualifications, you could become a director or partner in your firm.

Another option is to move into compliance work, making sure your company is following industry guidelines.

Training opportunities

Apprenticeships In England

Apprentice Financial Services Administrator Level 2

  • Wage : £120.00 Weekly
  • Location: Birchington CT7 9RF

Pensions Administration Apprenticeship Programme

  • Wage : £336.50 Weekly
  • Location: Redhill RH1 1WS

Courses In England

Finance: Certificate in Financial Services CeFS and Diploma in Financial Services DipFS

  • Provider: Nene Park Academy
  • Start date: 01 September 2019
  • Location: Peterborough

Financial Services Diploma Level 3 A Level

  • Provider: Seevic College
  • Start date: 01 August 2019
  • Location: BENFLEET

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