How to become a Financial Adviser (UK) 2023

#financialadviser #howtobecomeafinancialadviser #financialplanning
In this video I explain the key considerations to becoming a financial adviser. What to expect and where I see the profession going.

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TIMECODES
0:00 - How to become a Financial Adviser
0:54 - Qualifications
3:37 - Career Paths
5:23 - Most Important Adviser Skills
7:52 - Things to Expect
8:41 - Planning & Advising
11:29 - Mentors

REFERENCES

MENTORS

A BORING BUT IMPORTANT DISCLAIMER:
This channel provides information on general financial planning. It is for educational purposes only and does not constitute financial advice. Unless you take regulated financial advice only YOU are responsible for your own decisions therefore we cannot be responsible for any action or inaction you take. Please take advice specific to you before making any decisions. Principles Personal Finance is an educational channel and is not affiliated with my employer. As such views are stated are individual and should be seen as such.

Investment involves risks. The investment return and principal value of an investment may fluctuate so that an investor's portfolio, when redeemed, may be worth more or less than its original value. Past performance is no guarantee of future results. The information provided in this presentation has been compiled from sources believed to be reliable and current, but accuracy should be placed in the context of the underlying assumptions.

A WARNING
There are some scams on YouTube where a profile image is copied then used to promote cryptocurrency scams and all that nonsense. I will never, ever, contact you selling any investment product or service. I would never do that, am not allowed by regulation and it goes against the intention of this channel is to educate and inform.

[jimbojimbo]

I dont even want to be a financial advisor but really appreciate the clear cut qualification landscape you have to go through

[N.A.Winchester]

I've just turned 20 and started at a firm last week as an IFA administrator. I'm going to study RO1 in the three months of my probation and my firm have agreed to pay for my first exam when I pass and the subsequent ones after that. Your video is really useful and encouraging so thank you so much :)

[troypresa]

I'm 37 and haven't been happy with the field I've been working for the past 6 years. Today i spoke to a family friend who is a financial advisor and he offered to help me get into this. Thought id start researching because i don't have a clue and this was exactly what i was looking for.
Thank you Sir !

[LiamR]

I'm in the UK but have followed Dave Ramsey's 7 Baby Steps for the past 4 years. He's managed to bridge that "Advice Gap" you mentioned. Free podcasts, YouTube videos and fair priced books.

I feel financial planners sometimes get a bad rep because they're not only advising, they're selling/recommending products.

I'm in the British Army but just about to start my DipFA Level 4. Hopefully a new career awaits.

[kingvamp-sbff]

I just got an apprenticeship with the State Bank of India as a senior financial no longer have to be a chef anymore thank god

[jasejordan]

Exactly the video I was looking for, thank you!

[honorashby-gray]

Really appreciated this video. I am right at the very start of my journey to becoming a financial advisor and recently I've self funded my RO5 through the CII website, which I am in the process of doing at the moment.
Definitely going to be watching more of your videos as it is really motivating to see someone who, clearly loves what they do and strives to be great at it! Thank you :)

[tshupotlhong]

I am from South Africa and I am a Financial Advisor.I really enjoyed your video, it was informative. Thank you for the word of knowledge

[itsjoemofo]

Thanks George, a really excellent, helpful video! I'm turning 30 October and recently re-evaluated where I'm at. I "fell" into my current line of work, as many do. The advising profession has always appealed to me on several levels, least of all making a difference and helping people. Looking to bite the bullet and self-fund my CII Lvl4... just the small matter of a home move to get out way first! All the best

[aarok]

Really appreciate the video mate. I work in healthcare myself, and it's interesting to see the perspective of someone working in another heavily regulated profession. My interest in the topic comes mainly from the personal finance / client side perspective I suppose. Thanks a lot.

[viowithcrailtap]

Really insightful video.

I'm currently looking to change jobs as being a Transport Manager isn't working to my strengths. I've had many a conversation with family and friends regarding money and tried helping them avoid living pay check to pay check.

It worries me how many people are scraping by and believe it's a normal way to live.

This video was really helpful in giving me an idea on what to expect and what the industry needs from an Advisor.

Thanks

[CherryCrush]

This a really educational and informative video. I’m looking to get into the profession and have my first exam next week. Definitely given me some ideas and food for thought. x

[themartinbamford]

Great video, George. Thanks for the shout out! 😎

[raffaelelagattolla]

Hi George, really liked this video. I've just achieved Lvl. 4 (CII, Regulated Diploma), but I now find myself at a bit of a crossroads (FYI skip till' the end if you want my actual question, as the next bit(s) are just context).

I will become a Paraplanner (moving up from a trainee in my firm) from next month, in all likelihood, and would like to become client facing.

Rather than go straight into advice following gaining Lvl. 4, I opted to move to become a Paraplanner and gain more technical/background knowledge (as well as start the Advanced Diploma), as I felt so completely ill-prepared' to start becoming client facing with just c. 2 years of industry experience.

My main question is, though, 'How do you 'know' you're ready to become client facing'?


I feel like I could perpetually put off this next career step, even with another 6-12 months of experience as a Paraplanner, and perhaps longer still, given how I feel. Perhaps I should take that feeling as a sign that sticking to Paraplanner (an excellent career, as you say) is for me, but I'm not sure that's entirely true, for me.

[KFLivin]

how does the cfa route work?? it’d be good to hear it from yourself

[ramseylucasajongchiga]

I'm so grateful to you for this great information

[shameemc]

Loving the video and the insight.

I’m in my mid 30s, always enjoyed planning my own finances and wanted to explore becoming an IFA. I have project management experience in the banking sector but wondered whether if i did my diploma i could start my own practice and start working on getting clients or would i need to join a company to obtain the level of experience?

[ScipioAfricanus]

Thank you for this video, I'm in my early 30s and looking for a career change. I have gained a keen interest in the financial planning field and want to get my foot in the door as an admin with a view to becoming qualified and progressing. Do you have any tips for getting an admin position? Thanks again

[Charlie]

Hey, really interesting video! Do you have a linkedin? 👍

[cecedeo]

Thank you for sharing this insights. How can I register for the UK Chartered Financial Planner certification?