Money matters can be so confusing and intimidating for even the smartest people. We think that it takes a lot of effort, money and all to become one. Some of us even think that anyone can actually fill up the financial advisor position. Well, the truth be told, you need financial advisors in every business or endeavour we lay our hands upon. To invest in a business, to have a proper plan financially, for efficiently we need a financial advisor.
Who is a Financial Advisor?
A financial advisor is a professional that helps you make sound decisions about saving and investing your money to meet your objectives. He provides financial advice or guidance to customers for compensation.
what did they do?
- A financial advisor is an educator. One of their duties as professionals is to help you to understand what is involved in meeting those future goals you have set for yourself. They can help you to come up with topics such as saving and budgeting. Then, complex topics are raised as you advance in financial management.
- Financial advisors are responsible for more than just executing trades in the market they construct financial plans.
- They also do constant checking on their clients to regulate their current situation, spending, budgets and other future plans.
- In the case of companies, financial advisors provide a second, neutral perspective on corporate development (group responsible for strategic decision to bring about development) projects.
How much do they earn?
The average Financial Advisor Salary in United States is $59,457. A 20 yrs level of experienced financial advisors can earn an average total compensation of $82,800.
Canada financial advisors get salaries between $30,000 – $100,00. In Nigeria, financial advisors get salaries between #100,000 – 200,000 naira. These salaries are dependent on the organization they work for.