new jobs this week On EmploymentCrossing

830

jobs added today on EmploymentCrossing

38

job type count

On EmploymentCrossing

Healthcare Jobs(342,151)
Blue-collar Jobs(272,661)
Managerial Jobs(204,989)
Retail Jobs(174,607)
Sales Jobs(161,029)
Nursing Jobs(142,882)
Information Technology Jobs(128,503)

Financial Advisor Careers and Jobs Have Great Returns But Are As Tough As They Come

11 Views
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
After the devastating miscalculations of the recession, financial advisor careers have received a boost and financial advisor jobs are increasing in the market, as more and more people show reluctance to invest without expert advice.

Once bitten, twice shy - and the public has learnt not to rely upon personal instincts and conjectures in investment. So, at the moment, financial advisor jobs show a high growth rate, and as projected by the Bureau of Labor Statistics, the profession is expected to grow at a rate of 30% through 2018. As far as job security is concerned, financial advisor careers provide a reasonably lucrative outlook both at present and in the near future.

About 29 percent people in financial advisor careers are self-employed, and thus this profession offers a greater chance of independent operations than in other professions. There were about 208, 400 people in financial advisor jobs in May 2008 and the median salary was $69,050.



Financial advisor jobs are lucrative, but require complete dedication

Have no illusion, financial advisor jobs are truly taxing on those in financial advisor careers and staying awake at nights worrying over problems is the rule rather than the exception.

Just last Thursday, October 28, 2010, the question ''What worries the best financial advisors?'' was raised at Charles Schwab's Impact 2010 conference. The general answer was that clients did not want a repetition of the miscalculations of the recession, and it was difficult to deliver in ''a prolonged period of low returns on investments.'' Tim Kochis, Chairman of the Board at Aspirant said that people in financial advisor jobs today have to spend great efforts just to ensure a 4% return for their clients.

Another problem of people in financial advisor careers, according to Keith McWilliams, CEO of Mt. Eden Investment Advisors, was that most clients do not properly understand market practices such as high frequency trading and dark pools. To others, the rise of the social media on the internet was both a boon and a bane to those in financial advisor jobs as opinions in social media have the power to alter the market.

Mistakes made by people in financial advisor jobs

Post recession, people in financial advisor careers have to be more dedicated and involved in their professions. As recent data (TD Ameritrade Institutional Allocation to Cash and Fixed Income) clearly shows that over the last three stressful economic years, most people in financial advisor jobs have reacted poorly to market changes rather than properly assessing future trends and taking assertive action. The radical data from the TD Ameritrade Institutional Allocation to Cash and Fixed Income published at the National FPA Conference show the following errors committed by their people in financial advisor jobs:
  • On 10/9/07, after five years of strong markets with US stocks doubling and international stocks having tripled, people in financial advisor jobs had only 26 percent of their clients' assets in cash and fixed income
  • On 3/9/09 when the market was at its bottom and began to move upwards, advisors doubled the allocation of conservative assets at 51 percent thus restricting both the economy and returns
  • In 2010, when the financial markets have mostly recovered, financial advisors have reduced conservative assets to 40%
Why people in financial advisor careers make gross mistakes

The conclusion by the researchers of the data in the above paragraph was that people in financial advisor careers were humans and it is inevitable that they will possess the human characteristic of performance chasing. Other studies in the field show that people in financial advisor jobs tend to chase performance at about the same level of direct consumer investment. It is the tendency to chase performance that makes sticking to an asset allocation difficult, and consequently gives rise to most of the mistakes made by people in financial advisor jobs.
If this article has helped you in some way, will you say thanks by sharing it through a share, like, a link, or an email to someone you think would appreciate the reference.



I was very pleased with the EmploymentCrossing. I found a great position within a short amount of time … I definitely recommend this to anyone looking for a better opportunity.
Jose M - Santa Cruz, CA
  • All we do is research jobs.
  • Our team of researchers, programmers, and analysts find you jobs from over 1,000 career pages and other sources
  • Our members get more interviews and jobs than people who use "public job boards"
Shoot for the moon. Even if you miss it, you will land among the stars.
EmploymentCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
EmploymentCrossing is the first job consolidation service in the employment industry to seek to include every job that exists in the world.
Copyright © 2024 EmploymentCrossing - All rights reserved. 21