What does an investment consultant do?
I'm doing an investment internship and I really want to impress my manager to increase my chances of being offered a job. What does an investment consultant do and what skills and qualities should I know and learn about? Thank you in advance.
@photofox...do you know the meaning of internship?
Question answered by Lorena Bermudez
Hello, congrats on your new internship and hope it goes well. There are many skills and areas you will need to be proficient in if you goal is to become an Investment consultant or financial advisor. The main aspect is to be able to gather assets or bring in clients. There are countless ways to achieve this, i.e holding seminars, networking, cold calling (although this is a lot more difficult nowadays), etc. Whatever method you choose you will want to develop the necessary skills in that area, i.e if you decide to hold seminars then you will want to work on your presentation and your public speaking skills etc.
Another area you will want to get up to speed on is product knowledge. Once you start to get clients they will be looking at you for investment advise, so you will need to know what investments are which so you can then suggest the best strategies and ideas for them.
You will also want to get familiar with your companies / firms services. Again once you start to bring in clients you will want to know what services are available so again you and suggest the proper ones to your clients. If a client wants to know how the checking writing features work on their account it would be helpful if you knew.
Again there are many things you will need to know but if you can bring in assets / clients then you will be an asset and this will definitely help you move up in the company / firm.
Hope this helps and good luck -
Is it a no-no to date your investment consultant?
I find my female investment consultant hot, she's young and very attractive, would it be a no-no to ask her out or date her?
Question answered by Controlled Enthusiasm
The colossal misunderstanding of our time is the assumption that insight will work with people who are unmotivated to change. Communication does not depend on syntax, or eloquence, or rhetoric, or articulation but on the emotional context in which the message is being heard. People can only hear you when they are moving toward you, and they are not likely to when your words are pursuing them. Even the choices words lose their power when they are used to overpower. Attitudes are the real figures of speech.
Where does Investment Advisers looking for clients advertise?
l am looking for that place where Investment Advisers, Investment Consultants or Financial Planners advertise for new clients. Any help available?
Question answered by Bert
Please guide me how to catch investment clients?
I am an Mutual Fund investment consultant, I am unable to achieve company targets. Please guide how can I get investments. I will be thankful to you
Question answered by Net Advisor™
So you want clients?
The problem is you have to tell people that now is the time to invest and no one in their right mind will agree with you.
You need to focus not on the market but 10-20 years retirement planning, dollar cost averaging in the S&P500, opening retirement accounts.
Contact small businesses owners and ask them if they are happy with their investments? Everyone will say no. OK, couple savvy people will say yes.
Talk to them on tax savings = SEP accounts. I built a retirement business when I was working with a major Wall Street firm doing business and personal retirement accounts and little cold calling. H8td cold calling, but I made it work for me. (see my bio). I also put on retirement seminars.
You need to be very educated about the markets and economy, despite that your firm doesn't want you to be "an analyst." You have to know more than the client in your field or they won't need you.
This is a tough and very competitive business. Network and visiting companies helps. To be successful you have to be persistent, educated in your field, and work 80 hrs a week (7 days) for the first 2-3 years, unless you get lucky.
What salary should I demand for this position?
I am being offered a job as an investment consultant for a small sized firm in London and I'm really happy. However I will need to negotiate for my salary. What is the normal starting salary for this position and what shouldn't I accept any less of? Thank you for your help in advance
Question answered by Pedobear
get job 1st...
I want to know about immigration to newzealand?
I am a postgraduate ,with 15 years of experience in financial sector as investment consultant,can I get a job in new zealand,if yes how?
Question answered by Sonnet
You would probably qualify as a skilled migrant. The link below is the official New Zealand immigration portal. It should tell you everything you need to know.
how would a sales assistant to a investment consultant convince a client by phone to meet him?
If you were the client with an account with the bank , what would u like to hear from the sales assistant calling you, that would convince you to meet the financial advisor(consultant) about your money.
Question answered by orrFius
I would want some degree of honesty, otherwise, you would be establishing your rapport with deception - a lie. Soon as I heard it was a smoke screen, the last thing I would trust you with besides my daughter, is my money.
Inflection, clarity and confidence are key in the quality of the message.
Persistance pays off - be strategic and be diligant. If you are supposed to call, call with purpose and passion. They are supposed to call you back.
Ever see the movie Wall Street? Great scene, when Charlie Sheen finally gets his appointment with Michael "Mr. Gecko" Douglas. After Gecko is done talking about a deal on the phone, he turns to Charlie Sheen and says:
"This is the kid? He calls me 59 days in a row and wants to be a player...There oughta be a picture of you in the dictionary under persistance, kid."
Not a matter of what you say, as much as how you say it. Don't ever quit - ever.
Which gender is better fitted as financial planner?
with the same ability and knowledge, would you choose a male or a female as your financial planner/investment consultant?
Question answered by Scott1120
Gender should not matter, it is the person him or herself and the knowledge he or she has. If the financial planner is doing the job I expect then gender has no role in the choice.
What software or company do I use to invest my clients money? if i just started my own investment firm?
I just opened up my own investment company. I've made it an LLC, my partner has a bachelors in finance and accounting, and a MBA. We need to know what kind of software or what company (Ameritrade ect..) we should use to invest our clients money. What procedures do we have to do to take control of their assests?
Question answered by A nobody
Judging by the wording of your questions, I think you should step back and get your act together.
You can not have an investment firm unless you are registered with the SEC and the various states you will be doing business (including your state of domicile).
Part of starting an Investment Company, or any other entity, is to have a sound business plan in place, it appears you do not,
Holding degrees is nice but it does not help you in the real world, there's no way you can start a company with out having an accounting package in place
There's no way you can be fully registered without having a clearing firm(s) in place. Also if you were really registered you would have to have supervisory procedures in place before being approved for registration.
And, do not expect to "take control" of your customer's assets - Leavenworth is not a very nice place.
Setting up a registered investment company can be costly, especially since you do not understand the very basic business requirements,
Normally consultants that set up B/Ds would charge you at least $200/hour, and to do the clearing and account set-up your looking at least $300.hour
(Been there, charge that)
Contact the SEC and get, at least the basic requirements, you shouldn't count on getting direct help here on YA.
I want to know innovative investment avenue other than Realestate, stocks,arts, antiques FD etc.,?
I am an investment consultant. I want to know new investment avenues other than the conventional investments like Real esatate, Arts, antiques, FD, etc. Kindly DO NOT mention some kind of businesses. i WANT only investment avenue or ideas
Question answered by tom bailey
These might help
Movie limited partnerships