There has never been a better time to be a financial advisor. If you’re just starting your career, you have a clean slate with lots of resources available to you.
Everything you need to get clients and build your business is at your fingertips. Plus, you probably haven’t formed any bad habits yet. You don’t have anything to “unlearn”.
I can’t tell you how many advisors have gotten stuck because of bad habits they can’t break or the bad advice they got at the beginning of their careers.
Coming from a local university, I’ve noticed that many of my peers who have become financial advisors didn’t necessarily pursue careers directly related to their degree. Interestingly, a significant portion of them have backgrounds in health sciences or humanities. Somehow, they’ve managed to channel their academic background into a passion for making a positive impact on people’s lives through financial advising. For them, it’s a way to break away from the traditional career path associated with their field of study. Having a degree also serves as a valuable selling point for them, distinguishing them from others in the industry who may not have pursued higher education. – Forum
As a new financial advisor, you have the advantage of not being bogged down by years of experience. You can move faster and achieve your goals of financial freedom – Successful financial planners make a serious paycheck.
You’re in a position to win.
However, many new advisors make excuses as to why they can’t succeed, such as being too inexperienced, not knowing enough people, or there not being enough prospects out there.
Some even say they’re too young! Actually, let’s take a second to dismantle the “I’m too young” excuse.
Because being young is another incredible advantage that you have as a new financial advisor.
You’re never too young to make a difference in someone’s life. Thinking that you’re too young is a self-imposed limitation with no basis in reality.
If you’re younger than the average advisor, the benefit you can express is that you have the potential to be with a client for the rest of his/her life.
I recently discussed this topic with my friends. It seems to vary depending on the degree individuals pursued in school. For instance, those studying for a Bachelor of Business Administration (BBA) degree are more inclined to become financial advisors, given the competitive nature of their field. While financial advisors can earn substantial incomes, it often takes five years or more to reach that level of success. – Forum
Many other people have created companies and changed the world when they were probably younger than you, so don’t believe that you can’t do it too.
So yes, being a new financial advisor has incredible advantages that you can use to your benefit.
Age Distribution of Financial Advisors in Singapore in 2020
| Age Group | Percentage |
|---|---|
| 21 to 30 years old | 32.4% |
| 31 to 40 years old | 40.9% |
| 41 to 50 years old | 16.3% |
| 51 to 60 years old | 7.5% |
| Over 60 years old | 2.9% |
You can use your fresh perspective to see things that established financial advisors may have missed. You can also learn from the mistakes of others and avoid them in your own career.
And, perhaps most importantly, you can build a strong relationship with your clients from the start by establishing trust and communication.
If you’re motivated and willing to work hard, being a new financial advisor can be one of the best decisions you make for your career.
Because it’s a high-risk profession that has the potential to yield earnings beyond one’s wildest dreams if successful. At a young age, there’s relatively little to lose by giving it a try for a couple of years, especially considering that some firms even provide a monthly allowance of over 2,000 dollars. – Forum
Whether you’re a recent graduate or an undergraduate student, we have an ideal opportunity for you. If you possess a genuine curiosity about the insurance industry and a desire to expand your knowledge, we invite you to embark on a fulfilling career path with us. By joining our team, you will not only gain valuable experience but also have the chance to learn from industry experts and explore exciting possibilities that await you.
Selected candidates will also receive an attractive guaranteed fixed monthly allowance, in addition to their full commission. This allowance can be provided for a duration of up to 12 months. Don’t hesitate to contact us today!
Disclaimer
Every effort has been made to ensure the accuracy of the information provided, but no liability will be accepted for any loss or inconvenience caused by errors or omissions. The information and opinions presented are offered in good faith and based on sources considered reliable; however, no guarantees are made regarding their accuracy, completeness, or correctness. The author and publisher bear no responsibility for any losses or expenses arising from investment decisions made by the reader.
