Crunch the Numbers: How to Become a Successful Financial Planner

Written by
Rebecca Smith

Published
Jul 1, 2019

Jul 1, 2019 • by Rebecca Smith

Finding the right meaningful career for you requires a lot of thought. When you get through the deep self-reflection and discover you like helping people manage their money, you may find that a career in financial planning is right for you.

But how do you get there from where you're at now? 

Here are the steps to follow if you want to know how to become a financial planner. You're that much closer to the career you've dreamed of.

The Best Advice on How To Become A Financial Planner

Investigate the job to make sure you know what all it entails. Before you sign up to get your bachelor's degree in a new field, you want to make sure it's right for you.

Every day, a financial planner meets with their clients to make sure their plans are working for them. They provide advice and tools to help them accomplish their dreams and make their money work for them. It's a big responsibility to provide expert advice that clients and investors can feel comfortable with.

You'll also spend a lot of time researching and preparing for those client meetings, including keeping detailed notes. Financial planners also spend a lot of time in continuing education classes and prospecting for new clients.

The Qualifications

To find a job as a financial planner, you'll need a bachelor's degree. Most of the time, a degree in finance or business can help you achieve your career goals as a financial planner, in addition to mathematics or economics. When you finish your degree, it can help to have some experience in the finance realm as an intern before you pursue a full-time job.

It also helps to have a certification as a financial planner, so that you'll show you're serious about the career and that you have some additional clout behind your name.

Other Financial Careers

It's possible you may have been thinking of another finance professional's job when you looked into a career in financial planning. Here are some other similar fields.

A financial analyst recommends the right path for a business or entrepreneur to take as they make deals and conduct day-to-day business. They spend a lot of time interpreting data and working with numbers.

Investment advisors spend more time focusing on the markets and their trends than on the people they are working with. The title can also apply to a person who writes about market trends and makes recommendations in publications, rather than in person.

Financial planners give more long-term advice because they want to work with their clients for life. They also focus more on relationship building to learn the ins and outs of what dreams and goals their clients want to accomplish. Some financial planners may choose to focus on a particular niche, like estate planning or retirement planning.

Passion for Finance

Showing others how to accomplish their goals and find the financial freedom they long for means you get to leave work every day feeling like you did some good in the world.

Now that you know how to become a financial planner, whatever niche or field of focus you choose will mean a long-lasting and meaningful occupation.

For more tips on career change, read more of our blog.