How To Become A Financial Adviser

▶ Check out my gear on Kit: https://kit.com/petematthew I get asked at least once per week for advice on how to become a financial adviser, and for ages, I’ve thought that I really should sit down and deal with the subject definitively so that in future I can just reply to these good people with a link! Today I’m going to consider everything you need to know and everything you need to do if you fancy a career in financial advice in the UK. 00:00 Introduction 01:53 7IM Tom Sheridan retirement. 03:07 So many people ask Pete about how to become an adviser. 04:13 What you need to know - Becoming an adviser is difficult. 04:28 A bit of history of Pete 06:22 When Pete did his qualifications. 08:05 Qualifications now, different levels. 09:32 Providers of qualifications. 09:58 What you need to have knowledge about. 10:40 Different roles in financial advice. 11:00 1. Administrators and what they do. 12:04 2. Paraplanner and what they do. 13:32 3. Advisers, the client facing individuals. 14:12 Satellite roles. 14:29 Essential skills of an adviser. 15:19 - The ability to listen, to hear what is not being said. 16:05 - Ability to coach people. 16:33 - Ability to communicate, make the complex simple. 17:11 Distinction between advice and planning. 19:06 What do you need to do to become a financial adviser. 19:37 CII Diploma in Regulated Financial Planning. 20:16 Level 6 - Chartered financial planner. 20:59 How long training takes. 21:21 Certified Financial Planner (CFP). 23:46 Start training before approaching potential employers. 24:14 Pick your discipline - holistic financial planning, mortgage advice, protection advice. 26:34 Reach out to local firms. 28:42 How do you find a good local firm? 29:42 Prepare for a pay cut. 31:32 Document your journey. 33:59 Outro