Is Becoming a Financial Advisor Worth It?
Here are Five Reasons Why You Should Consider Joining This Growing Profession.
When you want results, you hire a professional. That’s why millions of Americans entrust financial advisors to help them make better — and more informed — financial decisions. Financial advisor careers are rewarding ways to support individuals and organizations as they plan for the future.
Yet, you may be wondering, “Is being a financial advisor worth it?”
Recent graduates from our Financial Advisor Training Institute tell us pursuing financial advisor careers has several benefits in particular. Here are five reasons why now may be the right time to seek financial advisor careers.
1. A Reputation as One of the Best Business Jobs
According to U.S. News & World Report’s 2021 job rankings, financial advisor careers are the No. 4 best business job. Our industry continues to see high marks because we focus on providing meaningful, thoughtful financial advice, for the betterment of society at large.
- When we ask our graduates, “Is becoming a financial advisor worth it?”, they tell us it’s incredibly rewarding to help their clients plan for college expenses, fund retirements, and support their philanthropic interests. The best part is, the more clients they help improve their financial lives, the better they do in their practice. It's a true win-win.
2. A Career Path With Projected Growth
Over the next decade, financial advisor careers are expected to grow at a much higher rate than other jobs. In fact, according to the U.S. Bureau of Labor Statistics, the financial advisor field is expected to see a 15% increase in available jobs during this decade.
So, why are there so many projected openings and why become a financial advisor now? Data from Moss Adams — one of the 15 largest public accounting firms in the United States — estimates a shortfall of financial advisors, in part, because of expected retirements. The average age of retail financial advisors is currently 61 years old, which means the industry expects to see a 1 to 2% decrease in headcount, each year, for the foreseeable future.
Now, when you think about, “Is being a financial advisor worth it?”, you’ll know that it’s a solid investment in your professional future.
3. A Career That Allows You to Specialize
Upon completion of the Financial Advisor Training Institute program curriculum and passing your licensing exams, you will most likely begin your career at one of our more than 50 financial brokers or dealers.
From there, your career path has unlimited potential. Whether you specialize in financial planning or investments, work for a major firm or are self-employed, serve older or first-time investors, the Financial Advisor Training Institute program curriculum will prepare you for numerous options as you consider is becoming a financial advisor worth it.
Our recent graduates have financial advisor careers at:
- Independent Firms
- Bank Channel
- Insurance Companies
- Other Financial Channels
4. A Career With Rewarding Results
Much like a parent seeing their child succeed, a good financial advisor enjoys seeing their clients reap the benefits of successfully planning for the future. Many of our recent graduates say that the relationships they build with their clients is another rewarding aspect of choosing financial advisor careers.
No matter what career path you choose, know that your knowledge and advice will be valued by your clients.
5. A Career With Unlimited Earning Potential
Whether you work as a fee-based or commission-based financial advisor — or a combination of the two — how much you earn in this field has seemingly no limits.
- In fact, according to U.S. News & World Report, financial advisors made a median salary of $89,330 in 2020 — with the top 25% making well over $150,000 a year. That’s one more benefit to consider when thinking, “Is being a financial advisor worth it?”
Why Become a Financial Advisor With the Financial Advisor Training Institute.
The Financial Advisor Training Institute is the only online financial advisor training program in the United States. At just 14 or 28 weeks long, our accelerated program curriculum provides you with a specialized learning experience that arms you with the tools and techniques needed to pass certification exams and pursue financial advisor careers.
Our online certificate program guarantees job placement upon coursework completion and professional certification. Why become a financial advisor anywhere else when the Financial Advisor Training Institute has the specialized expertise, speed to completion, and career outcomes you need.
Why Become a Financial Advisor? Hear From Our CEO.
“The financial advisor profession is a noble career that’s needed now more than ever. The Financial Advisor Training Institute exists to find, train and place people who are eager to take control of their future while empowering others to build the wealth they need to sustain their dreams.”
Founder and CEO, Financial Advisor Training Institute