Choosing the Wealth Management Career - AAFM India

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Choosing the Wealth Management Career - AAFM India

• Website https//www.aafmindia.co.in/
• Call 011-45120800

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• Wealth Management Career PathChoosing the
  wealth management career path is amongst the best
  business jobs, today. The career of a financial
  advisor is one of the most paid and sought after
  jobs in the world. According to several types of
  research and studies carried out on career
  rankings, a wealth management career path has
  evolved from a sales and product-driven career
  path to a career option that is centered solely
  on producing meaningful financial advice for
  businesses around. The president of Wealth
  Management at D.A. Davidson (Management Services
  Company) states that a wealth management career
  path is the most astonishingly rewarding career
  option.With the evolvement of the financial
  industry, financial advisor as a career has
  become the most opted for a career. Especially,
  if you are an individual who loves to interact
  with people and have an inclination towards
  success as a trusted counselor, the career as a
  financial advisor shall be the best for you. But,
  how to become a financial advisor? Before we get
  into that, lets brush up some basics related to
  the wealth management, wealth management career
  path, and the responsibilities of a financial
  advisor.

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• What is wealth management? Wealth management is
  an advisory service that uses other financial
  services to address the needs of well-to-do,
  potential, and prosperous clients. It is a
  consultative process where the person in charge
  of wealth management, which is the financial
  advisor keeps a note of the requirements of the
  client and designs a strategy. The financial
  advisor works with the most suitable and relevant
  financial products and services to bespoke a
  strategy for the client.If you might be mistaken
  about wealth management as investment advice, you
  might be wrong. Rather, wealth management
  includes guiding the potential client with their
  decisions related to finance and accounting,
  utilizing products and services in a holistic
  approach.Career of a wealth managerWealth
  management career is slowly becoming a seriously
  sought-after career path in the country. Now,
  most individuals interested in finance look for
  wealth management career path to hold the
  responsibilities of a wealth manager. As most
  people may exclaim, wealth management is

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• not entirely and only about helping rich people
  get richer but it also involves accessing the
  financial assets of an individual (client) and
  assist them with decisions on investment, goals
  for future, retirement plans, etc. Financial
  advisors also assist their clients with the
  planning of short-term and long-term goals
  related to educational expenses for their kids,
  savings for retirements, wealth management
  strategies to maximize business, etc. The
  advisors assist their clients to invest money,
  offer advice related to tax or even sell
  insurance as a part of their repertory.
• Summing up, a wealth manager is responsible for
  the following culpabilities.Creating and
  managing a detailed review of their clients
  financial status and situation to draft advice.
• Understand the goals of the client and the
  potential thought process to build their business
  further.
• Offer the client general investment advice, or
  advice for college tuition, or retirement,
  whatever the client needs.

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• Involve the client in discussions related to the
  possible investments.
• Lay-out the potential risks for the drafted
  investment plans, if any.
• Recommend investment options that best suit the
  clients requirements, demands and match their
  risk tolerance.
• Is Wealth management career path good?Based on
  several estimates and data that have been
  collected worldwide, various HR Managers and
  domestic wealth managers from wealth management
  companies have concluded that there is a growing
  requirement of wealth managers in the country and
  worldwide. India, in fact, is in a dire need of
  professional and quality wealth Managers as
  compared to the requirement of standard profiles
  like investment bankers, equity researchers,
  etc.Wealth management career path is an
  extremely good option in the world today. To be
  more precise, there are plenty of reasons that
  have added up to making a wealth management
  career path as the most strived for a career
  option, today.

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• India is witnessing a constant increase in wealth
  creationWith the digital era constantly
  expanding, awareness of wealth management and
  wealth management career path is also on a
  riseWealth managers are getting paid the
  highest. They get to sign lucrative pay packages
  with leading wealth management companiesMost of
  the wealth management companies are looking for
  promising candidates in the form of resources to
  hireThere is a constant emergence of successful
  wealth management firms in the countryHow to
  become a financial advisor? To take up a career
  as a financial advisor, an individual must have
  the appropriate education in the field for
  finance, accounting, and management. Candidates
  must have a bachelors degree in the field of
  finance. To be eligible, one can also take up the
  profession of a financial

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• advisor with specializations in the field of
  accounting and finance or financial
  management.To begin with, you can register for
  a financial certification program that is
  designed especially for candidates who wish to
  build their life as a financial advisor. AAFM
  India (American Academy of Financial Management)
  offers several certification courses for wealth
  management. Their Chartered Wealth Manager (CWM)
  Program is best suited for individuals who hold a
  Graduation degree in any stream. Having a
  graduation degree in related subjects (accounting
  and finance) will be a plus. You will have an
  edge over the others. Earning the CWM
  certification will open a variety of doors in
  wealth management. AAFM also offers an Associate
  Wealth Manager Program which can be your stepping
  stone to the CWM Program.

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Thank You

• Website https//www.aafmindia.co.in/
• Call 011-45120800