Have you ever considered what if you have your dream job? In fact, when you ask many people what their dream job is, their answers are often something along the lines of meeting their financial needs, work-life balance, and earning enough to retire early. Simply put, your dream job is a job that you love and supports your current and future lifestyle.
That sounds simple, right? So why don't more people have a job that lets their income grow with their own effort? Well, the reality is, we have bills to pay, families to take care of, health concerns, pressures from all areas of our lives, and very little time to do any inner searching or connecting to our true desires. But there is a solution to this issue.
Have you ever considered being a Wealth Solutions Consultant?
Being a Wealth Solutions Consultant means covering all areas of the client's financial needs, and your income is tied to your own effort rather than a fixed salary band.
Being a Wealth Solutions Consultant offers excellent opportunities to build a meaningful career. But just like any other job, it comes with its own set of pros and cons.
Pros
Flexible working hours
Finding a balance between work and personal life can be challenging when starting a new career, and Financial Adviser Representatives are no different. However, once you establish a client base, the job lends itself to flexibility in work hours. Seasoned Financial Adviser Representatives have the advantage of scheduling client meetings around their calendars and, over time, can structure their own working week.
Income tied to your effort
Financial Adviser Representatives are typically fee-based, commission-based, or a combination of both. This means income is tied to the amount of new business or recurring revenue generated each year rather than a fixed salary band. Pay structures differ, and what you earn reflects the effort you put in.
Cubicle free
The world is literally your oyster! You will not be confined to 4 walls or even cubicles. You can choose to meet clients anywhere, and at any time you wish to do so and with the current world situation, even zoom/whatsapp video meeting is helpful to run your business. You’re no longer limited to what you can do in person!
Offer meaningful financial advice to others.
Offering people advice might not help you directly increase revenue and earnings, but it is one of the more rewarding experiences of this job. Many clients are all too often overwhelmed and confused regarding which investments or insurance vehicles are appropriate for them. So by being a Wealth Solutions Consultant, you’ll educate your clients and help them make suitable decisions.
Cons
High-stress industry
In the beginning, just like any other job, you're bound to face stress and heat. The financial services industry is cyclical and deeply intertwined with the performance of domestic and global markets. Especially when economies perform poorly, clients reach out to their Financial Adviser Representatives for reassurance and advice on their next step. Financial Adviser Representatives are constantly managing the emotions of their clients based on downturns in the market, which can lead to a high level of stress over time.
Continuous prospecting
Many financial services firms have sales targets to be met each month, which means that until a robust client base is established, Financial Adviser Representatives are constantly in need of new prospects. Many give up early, put off by the challenge. Building a solid client base is the most challenging aspect of the career for newcomers with a small personal network.
Must be licensed
This goes without saying that you need a licence in order to practise as a Wealth Solutions Consultant. Financial Adviser Representatives are also required to complete continuing professional development each year to keep their licence in good standing.
Must have amazing people skills
Listening and feedback are essential ingredients in Financial Adviser Representatives’ communication with their clients. These processes are effective in letting clients know that their ideas have been heard and understood. Repeating what the clients stated and narrowing the distance from clients are commonly used techniques in showing empathy with the feelings of patrons, which sharpens your people skills as well. Also, Financial Adviser Representatives may straightforwardly explain concepts and ideas by using the appropriate words or phrases and by encouraging clients to visualise the problem and solution.
Wondering why so many people are keen on becoming Financial Adviser Representatives despite the multiple challenges? This job provides opportunities for those who love to take on challenges and try new things. Because no two days as a Wealth Solutions Consultant are the same. And there is a lot that you can learn and plenty of people to meet when you become a Wealth Solutions Consultant. Are you up for the challenge? Get in touch with us now! When you join our team at KWO, our seasoned professionals will guide you throughout your first year and give you a head-start as a Wealth Solutions Consultant. If you seek a promising career with a work-life balance, join us today!