Posted on January 16, 2009 - by Adrian Khiat

The Mastery of 3 Skills in the Financial Advisory Industry

Photo from Health and Wealth

3 skills are needed in order to lead a meaningful career in the Financial Advisory Industry and if we apply these skills on the correct market group of people and with the right process, success will be in sight for us. I’m currently trying to master the 3 skills and at the same time finding the right group of people to serve.

So what are the 3 skills here?

1) The Core skills of acquiring knowledge

• A Financial Planner needs a lot of knowledge before he can complete a proper financial plan
• He need to be kept updated of many news around the world, investment opportunities, new insurance plans, etc
• He need to know where to acquire the right knowledge and strive to grow. Formal learning such as acquiring his CFP, keep reading and going for countless seminars, be humble and learn from others as well as teaching and coaching others.
• My blog itself is like another avenue for me to learn because I learn as I teach and write for other people.

2) The Life skills that apply to yourself

• A Financial Planner needs to be continually motivated and positive. I was being trashed and insulted during my journey of being a planner. In a recent case, I was being described to be a monkey just because I recommended a unit trust portfolio to a prospect I know through my blog. He said that Fund managers cannot do better than a group of monkeys picking stocks and I’m just another monkey trying to add another layer of cost from him.
• Well, you may agree to that person but deep inside, I know there are people who need me and I’ll stay on to earn my wage in an honest and ethical way and I’m not a monkey.
• If I believe that I’m a monkey, I will have resign long time ago. Read more…

Related posts:

1. Expect the unexpected: navigating the potholes of financial freedom
2. Hard to find financial planner in Singapore?
3. Financial freedom by working smart