How To Become a Private Wealth Advisor

Wealth management has always been an important service in the society. Traditionally such services were used by the wealthy only but now that trend is changing and more people are getting aware of the importance of financial management and its usefulness. Organisations also engage specialists for the purposes of advising on and managing their finances.

It’s an in demand career and one that pays quite well. All it takes is the right education and the right career moves to get your own private wealth advisory. One must be committed as the schedule is a busy one.


  • 1

    Understand Your Calling

    The first thing is to understand whether being a private wealth advisor is for you or not. If you have decided to become a private wealth advisor, you will need to understand is that what kind of an advisor you wish to be. You can be catering to various market segments and which one is right for you is something you will have to decide and focus on. It can be personal finance or you may target small and medium sized enterprises.


  • 2

    Get a Degree

    It is best that you get a four year degree from a college or a university as it will allow you to earn certifications such as a CFP and CFA. It is ideal that the degree that you earn is in the field of finance as it will be of much usefulness later on.

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  • 3

    Gain Experience

    After you complete your education, gain some experience. Try to get a job in a bank or with a brokerage house so that you can understand how the whole process works and what is expected of you as a private wealth advisor. It also reflects well on the resume.

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  • 4

    Join a Training Program

    If you can join a training program, it is worth every minute of it. You have a number of options including banks, brokerage houses and financial advisor groups. The training programs probably will not pay you and will make you work long hours but you will be guided in the right direction by professionals. You will also learn the tricks of the trades which is crucial for success in any field.

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  • 5

    Get a License

    The next step is to take a license. You will need to take an exam with your local body governing financial matters. Study well for this exam and use your practical experience from the job and training and get your career moving.

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