Financial adviser

Business and Finance Career Profiles - The CV Writer

Independent financial adviser

Financial advisers help people and organisations to choose investments, savings, pensions, mortgages and insurance products.

Salary Range: £25,000 to £90,000

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How to become a financial adviser

You can get into this job through:

  • a university course
  • an apprenticeship
  • working towards this role
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University

You could start by doing a degree in:

  • financial services
  • business management
  • accountancy

Once you finish your course you could apply to join a financial services company or bank as a trainee adviser.

Entry requirements

You’ll usually need:

  • 2 to 3 A levels, or equivalent, for a degree

More information

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Apprenticeship

You could do a financial adviser higher apprenticeship or a financial services professional degree apprenticeship.

Entry requirements

You’ll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship

More information

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Work

You could start as a financial services administrator or customer services adviser in a bank and work your way up.

To do this, you’ll need to study for a level 4 qualification in financial advice recognised by the Financial Conduct Authority. These include:

More information

Registration

Further information

You can find more on working in financial services through The London Institute of Banking & Finance.

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What it takes

Skills and knowledge

You’ll need:

  • customer service skills for finding out customer needs
  • knowledge of economics and accounting for understanding financial markets and products
  • maths knowledge for creating financial plans
  • the ability to sell products and services
  • excellent verbal communication skills
  • active listening skills
  • business management skills for negotiating product rates
  • to be thorough and pay attention to detail
  • to be able to use a computer and the main software packages competently

Restrictions and requirements

You’ll need to:

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What you’ll do

Day-to-day tasks

Your day-to-day tasks will include:

  • talking to clients about their finances and plans
  • researching financial products and explaining them simply and clearly
  • negotiating with providers of financial products
  • producing financial reports
  • updating clients about their investments
  • meeting performance and sales targets
  • keeping up to date with new products and law changes

Working environment

You could work in an office, from home, at a client’s home or in a contact centre.

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Career path and progression

If you work for a large financial organisation, you could specialise in one area of work like retirement planning. You could also move into management, recruiting and training new staff.

With further specialised professional qualifications, you could become a director or partner in your firm.

Another option is to move into compliance work, making sure your company is following industry guidelines.