Simple Guide for a Financial Consultant

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Since the adoption of internet and digital technology, the world of trading has changed and increased the number of investors in the stock market. Now millennials and other age groups of people, use their savings to enter into the stock market.  As the new age technology increases the pace you trade, and the more cherry on the cake is the accessibility, any retail investor can invest anywhere from the world. But the problem is financial knowledge which can be solved by a financial consultant.

So if you are intrigued with the financial market investing and you want to make a career in stock trading, then becoming a financial consultant is a great choice. The pace at which the market is growing, and new opportunities are rising is a sign for growth. Therefore, in this article we will get a guide about the financial consultant.

The Role of Financial Advisor

Before we can discuss how to become a financial advisor, let’s first understand the responsibilities and services of a broker. A financial advisor, also known as a share advisor, is an SEBI (Securities and Exchange Board of India), authorized person or company that acts as a middleman. They offer trading account and Demat account services to connect clients with stock exchanges. They might also be responsible for portfolio management and stock advisory services.

You can consult a financial advisor in India or anywhere else to get advice on investing, the stock market and managing your income. A professional advisor must have knowledge and experience in managing equity investments and other types of market investment. Stock advisors must find investment opportunities that are rewarding for clients and help them grow their portfolio.

Things You Should Consider

Being a financial consultant is not so easy. It requires years of practice and knowledge. People who are good with handling people and managing their investment. Some of the things that can help you in the financial consultant field.

Understand your financial goal

You need to create a plan for your customer. The plan can be told about the various types of financial assets and along with the timeline of the investment. So based on the stock advisory and the investment strategy you can get the best plan for each individual.  Planning ahead of time can provide you with the right type of investment for your clients.

Choose the right asset

Mostly investment is in the equity and debt funds. The financial advisor needs to pick stocks which are relevant to the customer portfolio. Defining the goal and the right type of securities which can help them to achieve the goal. As the right asset is important and to know these securities you need to research and understand the potential stock.

Managing your Financial

Investors don’t have time to track their investment. The function of a stock advisor is to make a tailored portfolio. And track this portfolio from time to time. As the portfolio manager you need to inform investors about the portfolio, whether it is profit or loss. Managing hundreds of portfolios and utilizing different strategies along with the latest technology.

Becoming a financial consultant, you need to handle lakhs of rupees and try to give your clients better returns on the investment. So Becoming an investment advisor will work for you if you want to achieve the best opportunity in the stock market.

For a financial consultant, you need to meet the following criteria:

  1. You must be an Indian citizen at least 21 years old.
  2. In the education field you need to have at least 10 + 2 or higher secondary school certificates.
  3. You need to get experience of two years as a partner or assistant or an employee at a share broker company.

Apart from the eligibility you need to have list of documents which are as follows:

  1. You need to have identity proof, which is the Aadhaar Card, Voter ID, PAN card etc.
  2. Address proof document such as ration card, utility bill, Aadhaar card etc.
  3. Submit your highest education certificate along with the master’s degree in economics if you have it.

When you have all the documents and knowledge then you can be a financial consultant. A stock broker offers a license to be a sub-broker or a financial consultant to manage their clients regarding their investment.  A full-service broker like IIFL Securities offers a chance to be a financial advisor, IIFL Securities has a range of financial services. You can get a free stock trading app along with the resource and guidance from one of the leading brokers of India. To become a financial advisor, you can go to IIFL Securities site search for sub-broker section and then, You can complete this process online by submitting a few key documents, after which you become a licensed sub broker.