How I Became a Financial Advisor

Josh Olfert is a professional CFP wealth advisor and the Founder of Haven Wealth based in Canada. Through this channel Josh shares his knowledge of wealth accumulation and personal finance to the world, in an effort to improve financial literacy and help advisors and their clients achieve their financial goals.

All numbers and figures discussed in this video are purely for illustrative purposes and are not to be taken as financial advice.

Josh Olfert is a professional CFP financial advisor and the Founder of Haven Wealth Management investment fund based out of Winnipeg Canada. Through this channel Josh shares his knowledge of wealth accumulation and personal investing to the world, in an effort to improve financial literacy and help everyone achieve their financial goals.

All numbers and figures discussed in this video are purely for illustrative purposes and are not to be taken as financial advice.

[Greggsberdard]

Emotions aren't useful when assisting with financial planning. Being ethical and analytical is crucial. I believe the retirement crisis will worsen. Many struggle to save due to low wages, inflation, and high rental costs. With homeownership out of reach for the middle class, they may not have a home to retire in either.

[shardulmakwe]

Notes:

1. Know your stuff: Understand the ins & outs of your craft.
2. Produce content on the internet: content, blogs, social media posts, and everything else you can produce. This helps in building trust. Do this consistently.
3. Become more personable, approachable, and likable. How you get in front of the client and the actual meeting - are two different processes. After the first 10-20 meetings, you will find your 'voice' as an advisor. You will do this year after year.
4. Instill patience in your mind.
5. Read about investing, finance, economics, and accounting way before you jump into the waters. Clients will grill you when you advise and charge fees. The license and certification exams will only give you the bare minimum.

The gestation period will be 2-3 years and the success rate is somewhere close to 25% across advisory classes.

[BrunoLuke]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[maggie]

📌 I don't know who, but someone needs to hear this, you've got to stop saving all your money. Venture into investing, if you want financial stability.

[Gonzalo.Escobar]

I literally just gained the passion about finances. Every night before I go to sleep I read books I bought off of apple library and take notes about finances. I’m going to school for accountant so I can learn that skill. I will become a successful financial advisor and gain the trust of the people.

[jayceschomaker]

I would LOVE more content about licensing (series 7, 65, 66 etc..) and the general “business side” of financial services

[zoexu]

1. You have to know your stuff
2. Produce content on internet
3. Be personable
4. Be patient

[angellistheshit]

What’s the best content to read to get informed? I have my licenses but I’m not in an advisor role. Thanks

[tinasheuzhenyu]

Invaluable content Josh, I cant thank you enough. This advice will be a good foundation to kickstart my career.

[brandonyanchus]

Great videos Josh - I am now years in as a CFP and let me tell you, it gets easier and you love this career more every year. Between new money, PACS, market growth and referrals, the amount of new biz that just shows up now is incredible. But, you must always be prospecting (in person too) Keep it up!

[mariavirgenalfaro]

What advice would you give to a high schooler interested in being a financial advisor ln the future? And what should they do after high school to achieve this?

[defundme]

I just started as a Financial Consultant. Thanks for the great advice and inspiration to keep pushing.

[mikemck]

Starting my FA journey in March. Worked in wholesaling at a top 3 firm on the institutional side. I’m ready for the peaks and valleys of building my book. Thanks for the video

[BentKerf]

I'll give you a like for this. Completing my series 66 next week after a full summer of LH&A, SIE and Series 7 studying. I'll finally be able to start up in the office in August and I'm super pumped and nervous about it, these are great tips

[felsal]

“Probabilistically.” There’s a word I haven’t heard! Haha

[goldenchild_chosenone]

Thank you! This is helpful. I'm sure you've heard this a thousand times over but really, thank you!!

[ivancazares]

I'm debating if I should become an insurance agent or financial advisor...

[bensikora]

Hi Josh,

I know this is an older video so I hope this doesn't get lost. I am approaching my third year as an advisor but I still constantly find myself overwhelmed with all the different avenues of knowledge we need to dive down in order to be competent and versatile. I'm currently working on my CRC and I have gone through one round of the CFP exam and I got my butt kicked so I am waiting until next November to try again. My question for you is; at what point did you start to feel credible and confident in your role as an advisor? I still frequently find myself nervous to speak with clients because of my fear of "not knowing it all."

[TroyInFinance]

These videos have truly been the most helpful to me. Thank you so much.

[jolly]

It's awesome how honest you are, am having my CII exam in April but am already freaking out. You have made me relax Abit. Thank you