Mount Waverley, Victoria41 banking services professionals near you

How to become a financial advisor? A career as a financial advisor is open to anyone holding at least a DUT or BTS in commerce, finance, or banking. The BTS Commerce International is one of these courses that allows you to enter the profession. Graduates with a Bachelor's degree + 4 (Master of Management, Business School, or Master of Finance) can work as financial consultants after obtaining their degree. This banking training is available at a top business, finance or banking school. Graduates can then sign a professionalization contract with a bank, insurance or brokerage firm, and gain their first experience as brokers, customer advisors, etc.

This customer service job is available in the banking sector and beyond. Many professionals choose to work in a bank, brokerage firms, bank-insurance or bank-finance institutions, and even in large corporations or consulting firms. However, some of them choose to be independent financial advisers. The tasks of a bank customer advisor depend mainly on the type of clients they deal with. If they work with individuals, they advise them on managing their portfolio and provide them with financial products tailored to their needs to increase their income or prepare for retirement. For example, they may advise their clients to buy an apartment in a city with high rental demand so that they can benefit from regular rent income. They also manage negotiations and customer relations in matters of real estate credit and taxation. On the other hand, if they deal with business clients, their objectives will be quite different. In this case, the bank customer advisor's role is to advise companies on investments and all types of solutions adapted to their investments. For example, they may also act as a consultant in the context of business acquisitions. If they work for a large private bank, their work will have a strong international focus. But regardless of their clients, a financial advisor may be required to: - Evaluate financial markets, possibly on an international scale depending on their tasks; - analyze the tax and financial situation of their clients; - work with them to identify their goals; - advise and propose the most suitable financial products for the stated objectives.

Indeed, if you have cash and wish to invest, it is pointless to do so in a standard savings account... the current interest rates are so low that your client advisor may suggest more profitable investments, such as real estate (for example, subletting your property) or the stock market. Moreover, a specialist wealth manager can help you optimize your taxes, thus reducing your tax bill... and this is just a small part of all the services they can offer you! As you can understand, seeking the help of a client advisor allows you to better manage your assets and cash. The best approach is to delegate tasks to people who know better than us! We don't become an expert in banking services overnight.

Financial management is not only for the wealthy. Financial advisors are accessible to a wide audience. Indeed, as you know, savings play an important role in managing financial assets. Therefore, it is strongly recommended to seek the assistance of a financial management advisor. But when should one use the services of such a professional? - Financial asset management (financial investment management, risk management during financial crises) - Real estate asset management - Tax asset management (to deduct taxes, manage the transmission of assets)

Word of mouth and referrals are traditional methods that remain very effective. But what if you don't know anyone? Don't panic! In the age of the internet, it's so easy to type in "financial advisor" or "wealth manager" on Google, but you could end up with 30 pages of results. So, it's best to use a matchmaking platform like Starofservice. It's a serious platform that offers truly transparent financial and asset management advisors.

If you use a financial advisor to buy and sell products such as stocks (a trading advisor), their commission will depend on the price and volume of the stock. In the case of bonds, the compensation will depend on the invested amount, the type of bond, and its maturity date. In the case of mutual funds, no commission will be charged initially. Financial advisors charge up to 7% when selling funds. With no-load funds, as the name suggests, there are no commissions to pay when entering or exiting. However, you will have to pay management fees. In the case of an ETF (exchange-traded fund), you will have to pay management fees. There are many financial advisors, and they will charge you different amounts for their advice. If you choose a financial advisor affiliated with a bank, their commission will usually be paid by the bank itself. However, if you hire an independent consultant, you will be charged fees.

Knowing which objective criteria to use to select a financial advisor is not always easy when investment offers are multiplying. In this article, we offer you some advice to help you make your choice, even though ultimately, it's not just a matter of objectivity, but also intuition and relational skills when interacting with different advisors. • Start by defining your own financial needs. • Clarify your savings and/or investment objectives. • Check the authorization and qualifications of advisors. • Be vigilant and very attentive during the first meeting and clearly define the questions to ask. It is important to establish a relationship of trust with your advisor from the start. • Request a free quote to know the costs involved.

- As a financial advisor, what is your role? What is your specialization? - Describe your professional experience in the banking industry. How long have you been working in financial advising? - What are your professional certifications or titles? - How are you compensated for your banking-finance-insurance services? - What is your typical client like? - What process do you follow when working with clients? - What service standards can I expect? - What are the key components of your investment process and how can I benefit from them? - Do you adhere to a code of ethics or a set of standards that I can review? - What is your evaluation of my current financial situation in light of my personal goals?