Qualifications needed for financial adviser job?

Qualifications needed for financial adviser job?
The main purpose of a financial adviser is to help clients in planning and managing their finance. Sometimes financial adviser is also required to help out with the wills of the clients. To perform this purpose successfully, a financial adviser needs to have a thorough understanding of the investment avenues available including savings schemes, retirement options, mutual funds and stocks. Apart from this a financial adviser needs to have a clear understanding of the taxation laws in the country which will enable him to reduce the taxes payable, thus increasing the benefits for the client.

Some of the formal qualifications that a financial adviser can look for are the CFA (Chartered Financial Analyst) course or the course of Chartered Accountant (CA). These days there are also MBA degree available with expertise in Investment Banking which can provide formal education in this field. Organizations such as the Chartered Financial Analyst Institute, Certified Financial Planner Board of Standards, The College for Financial Planning and The International Association of Registered Financial Consultants offer additional courses and designations which can help professionals in the field of financial advice.