Singapore – Exploring career options amid a battered market. Why are more and more young adults choosing the unconventional route to become a Financial Advisor?
The answer is simple. Awareness.
In the past, many have never considered the career as a Financial Advisors due to the social stigma it carries. However, it took the venturesome few to disregard the stereotypes and realise that the role of an FA is more than what society perceives it to be.
So, are these stereotypes fact or cap (false)? Continue reading to find out.
Stereotype 1: No work-life balance
The plus point of not being bound to an office desk, you control your working schedule. From appointment dates to choosing when your working days are, FAs have the freedom to schedule their calendars. No doubt, when clients are the priority, it is natural for some to accommodate their client’s availability but with smart time management skills, it is definitely possible to achieve a work-life balance.
All work no play ? CAP.
Stereotype 2: All FAs are the same.
Swiped right on Tinder only to have your new boo care for your investment portfolio more than your well-being? We can’t deny the fact that FAs have resorted to irritating prospecting methods and fake personas nowadays. However, it would be unfair to paint all FAs with the same brush just because of a few black sheep.
You may be shocked to realise that there are many FAs out there who disagree with such methods. Learn under the right mentor and you will find out that there are other ethical ways to grow your clientele base.
Fact or cap? I would say CAP.
Stereotype 3: FAs have unlimited income.
Bothered by photos of another new car, incentive trip or expensive dinners posted online by financial advisors? Well, they deserved to reward themselves however they like.
Many FAs work smart to achieve financial freedom and high levels of income. Furthermore, the knowledge that comes with their job allows them to plan their finances properly. They know the Dos and the Don’ts of finance and investment.
Occupational hazard? More like professionally powered.
F-A-C-T.
Stereotype 4: Everyone can be FAs
Just like any other job out there, it takes certain skillsets and qualities in a person to be considered a good fit. I mean not everyone can just sign up to be President. Similarly, being a Financial Advisor requires proper qualifications and the right skills.
FAs need to constantly upgrade their repertoire, acquire soft skills like verbal and written communication, active listening, social media literacy and of course, financial literacy. Towards this end, FAs today are more than just salespeople.
Did you know that to become a Financial Advisor, one needs to pass multiple financial exams first?
Having said that, these skills and knowledge can be taught and developed over time. Therefore, many financial advisor job postings often highlight the ‘No prior experiences needed’. It is not that they lack the manpower whatsoever, but it is because they know by experience it is possible to have a successful career no matter the background.
Hence, this is both FACT and CAP.
However,
We understand impressions have been established and doubts will continue to linger. So, instead of allowing stereotypes to limit your career possibilities, join our FREE apprenticeship course and have first-hand experience and insights into a Financial Advisors' role.
Learn under Million-Dollar Round Table achievers and who knows, you may be the next MDRT qualifier. It just takes a little open-mindedness and willingness. If you’re interested or curious to find out more, register your interest for our November 2021 intake here.
For further information or questions, you may book a free discussion or reach us on our Instagram and Facebook at janeongdistrict.
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