| A career in Financial Planning |
| Written by Greir Nel | |||||
| Monday, 19 July 2010 | |||||
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Interested in a career in Financial Planning? Initially most may well automatically respond "ABSOLUTELY NO WAY". But maybe its time to stop for a moment and consider this response. With the introduction of current legislation the role of a Financial Planner has evolved from one of an "insurance salesman"or "broker" into a career that is extremely demanding of the Financial Planner but equally rewarding. Stringent legislation governs the industry and the Financial Planner is held accountable for all advice given to clients, and even in certain instances, for the failure to give appropriate advice. The Financial Planner has become a professional, accountable for what he/she does, and is no longer just a salesman! Training and accreditation occurs over a period of at least 2 years, in additional to initial entrance requirements. During this period candidates train/work under the close supervision of a fully accredited and registered Key Individual, therefore enabling the candidate to "earn while learning". In addition, during this training and accreditation period, the candidate begins to establish his/her own client base, ready for his/her very own future Financial Planning Practice. The success rate of trainee Financial Planners is low, with only approximately 20% of trainees successfully completing their two year training period. Again emphasising just how the role has evolved from simply that of a salesman, to a professional building his/her own Financial Planning Practice. The upside to this low success rate is:
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