But first, let's get to know what investment advisor work is all about and why it is a lucrative job. Investment advisors, also known as financial analysts, have varying positions, can work either for a securities firm or for one person, and usually have expertise in various areas in the financial field. Essentially, their work is all about business investments and the people who are involved in these investments-how investments are dictated and how clients can earn from these. They also advise and provide an investment analysis which basically includes bonds and stocks. Their guidance based on their studied analyses of financial information allows them to pursue sound financial investments for their clients or for an individual.
An investment advisor needs to study the various financial and economic information and tools to be able to asses the financial standing of a company, an industry, or an individual. They use and look at commodity prices, costs, sales, tax rates, and expenses as their tools for examining an investor's potential earnings. Investment advisor employment can be found in securities firms, investment banks, insurance companies, mutual and pension funds, businesses, and with the radio and television broadcasts and the print media and with an individual investor. Investment advisors can choose to concentrate on a specific financial product, industry, or location due the broadness of the financial field. So it can be real estate, the options market, and Europe as one example to make things easier.
It is also important for people engaged in investment advisor jobs to be always aware of new regulations, laws, and policies that may affect the investment potentials of the industry he or she has chosen. For individual investors, investment advisor work is similar to that for company or corporate clients, but for an individual client the work may include giving out good advice on choosing potential investments which may include retirement planning, college education funding, estate plans, trust funds, and other possible lucrative investments.
Investment advisor employment takes an interesting twist because people who are in this kind of job commonly have to "market" themselves voluntarily through various ways and strategies to future corporate as well as individual clients to create their own employment. They do not just go to an employer and undergo an interview process and get hired. Of course, before anyone can try to "sell" his expertise to future investment clients, one has to have a bachelor's degree, and if possible, a master's degree in a finance or business-related course such as accounting, business administration, statistics, or economics.
The second round of steps to building an investment advisor career is by obtaining the Series 7 and the Series 63 or Series 66 licenses to allow one to become a registered representative and practice providing financial investment advices to clients. For the serious pursuit of investment advisor jobs, one must also be equipped with the necessary skills, personal qualities, and acquired knowledge to be good at their job. These include being good at communication skills, have strong self-confidence, strong mathematical and analytical skills, be updated with the economic, financial laws, regulations, and policies, money markets and other tools; have good computer skills, and networking abilities with prospective investment clients by creating his own initiatives at meeting and gaining their trust through his investment and financial skills.
Investment advisor work means a good annual salary, incentives, and in some cases, commissions from financial planning companies or firms. A 2006 average annual salary was at $66,590. The lowest known annual salary for people in this job was $32,340, while the highest was at over $145,600. One's skills, qualities, and ability to secure many established clients, either as corporate or individual, usually dictate the income-earning abilities of investment advisors as well as keep them motivated to build that investment advisor career early on. This means that to be successful at this kind of job, one need to be highly-motivated and always on the go with securing clients to keep one's professional portfolio credible, thick, and impressive.
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