How to Become a Financial Advisor?
I am currently studying accounting and I am employed as a Junior accountant, I have been hearing about financial advisors and the increasing popular demand for them, However I'm not sure how I would go about becoming one and what this particular Job involves. A few points to consider; - I am not interested in attending university if possible - I would like to own my own business
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Hi, I could go on forever here, however to try and keep this short....ish Step 1 - You need to do your exams, if you don;t currently hold any industry qualifications (CF, FPC or CeFA exams) then I suggest you start by doing the new RO exams, which once you have done all 6 would give you the Diploma in Regulated Financial planning, which you will need post 2012 to give financial advice anyway. These exams are quite expensive. It's all self-study, the coursebook would set you back £130 for each module and around the same for the exam, so assuming you pass first time everytime your looking at around £270ish per unit. The units go RO1,2,3,4,5 which are all multiple choice papers, which you sit at an examination centre on a computer. Finally RO6 is the final exam which is a written paper, basically getting you to put all the knowledge you've learnt from the previous 5 papers into practice in case study scenarios. Step 2 - You need to know your market. Having the knowledge (exams) is no good if you don't actually know what your talking about in a real life situation, so I would get a job as a paraplanner (You'll be snapped up if you have the Diploma in Regulated Financial planning). This will give you a good grounding in what an IFA does, how he goes about his business and the type of things you;ll be giving advice on. Step 3 - You will need to be signed off for CAS (competant Adviser Status) this basically means you'll shadow an experienced IFA, to learn the ropes. Then you'll start selling but you'll be supervised, then a month or 2 later after yuo've proved your able to do the job un-supervised you;ll be signed off as a competant adviser. The FSA will give you their approval, the seas will part etc etc etc. It's not an easy job, especially if you wanted to be self-employed. Theirs more red tape around financial sales than their is round a murder investigation. The rewards are there if you really want it, but do not be under the illusion that being a financial adviser is easy money, because I can tell you from experience it's anything but!
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Tuesday, June 28, 2011
Tuesday, June 14, 2011
why should the mps who resign be entitled to a pension?
why should the mps who resign be entitled to a pension?
if they are found to be guilty of claiming expenses to which they are not entitled to claim while in government, whether it be down to someone else on their behalf or their own fault , they keep on blaming accountants etc .payback over claimed expenses plus interest i think , does anyone agree ?
Law & Ethics - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, they shouldn't. They should be sent to Afghan to be used as target practise for the boys.
Answer 2 :
Can you imagine a situation where someone was caught ripping off the company which employed them and yet keeping their company pension and not being fired? At least Jacqui Smith had the honesty to resign (which was the only right thing to do) They are a bunch of pigs with their noses in the trough...actually that's pretty insulting to pigs!
Answer 3 :
If a police officer is disciplined and found to be guilty of a serious offence which leads to his dismissal, he loses his pension rights. I don't see any difference between this and the position of people who abuse their rights in public office in the way so many MPs have done. It is appalling that they are rewarded by fat pensions in such circumstances, but the situation of MEPs is even more scandalous. http://www.timesonline.co.uk/tol/news/politics/article6410920.ece
Answer 4 :
In many circumstances, a person pays into their pension rights. Subsequently no matter what happens they cannot be penalized by the loss of those benefits. this aspect is often overlooked when it seems dishonesty is being rewarded.
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if they are found to be guilty of claiming expenses to which they are not entitled to claim while in government, whether it be down to someone else on their behalf or their own fault , they keep on blaming accountants etc .payback over claimed expenses plus interest i think , does anyone agree ?
Law & Ethics - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, they shouldn't. They should be sent to Afghan to be used as target practise for the boys.
Answer 2 :
Can you imagine a situation where someone was caught ripping off the company which employed them and yet keeping their company pension and not being fired? At least Jacqui Smith had the honesty to resign (which was the only right thing to do) They are a bunch of pigs with their noses in the trough...actually that's pretty insulting to pigs!
Answer 3 :
If a police officer is disciplined and found to be guilty of a serious offence which leads to his dismissal, he loses his pension rights. I don't see any difference between this and the position of people who abuse their rights in public office in the way so many MPs have done. It is appalling that they are rewarded by fat pensions in such circumstances, but the situation of MEPs is even more scandalous. http://www.timesonline.co.uk/tol/news/politics/article6410920.ece
Answer 4 :
In many circumstances, a person pays into their pension rights. Subsequently no matter what happens they cannot be penalized by the loss of those benefits. this aspect is often overlooked when it seems dishonesty is being rewarded.
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Tuesday, June 7, 2011
I have to give evidence in court, I dont really have any evidence to help the court, how can i get out of it?
I have to give evidence in court, I dont really have any evidence to help the court, how can i get out of it?
I only spoke to this accountant once on the phone 4 to 5 years ago, as I was told he could claim back some expenses and he never even made a claim for tax return on my behalf. But he is being done for fraud. Is there any way I can get out going?
Law & Ethics - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
In a word, no. If you have been subpoenaed, you are required to go unless excused by the court, which wont happen.
Answer 2 :
If you've been served with a subpoena, that's a Court order to attend. I wouldn't ignore it.
Answer 3 :
I've been called as a witness a couple of times for court cases, gone down,sat there all day and then not been called to give evidence so chances are you won't be called any way.
Answer 4 :
If you have this little to say, chances are you won't even be called to the stand unless the guy fights every inch of the way so the prosecution has to show every scrap of evidence that relates to him being untrustworthy.
Answer 5 :
You answer the questions that are put to you and if your knowledge isn't helpful to anyone, you will be done quickly. However, the court cannot determine what the questions will be (or the answers) before the hearing. So, you have to go and see what happens. BTW, you may know more than you think. The object could be, for example, to show how long he had been answering the phone in a certain fashion. Ordinarily, a case is made by many witnesses, each adding small bits of information, not by one single witness who establishes all that needs to be established.
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I only spoke to this accountant once on the phone 4 to 5 years ago, as I was told he could claim back some expenses and he never even made a claim for tax return on my behalf. But he is being done for fraud. Is there any way I can get out going?
Law & Ethics - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
In a word, no. If you have been subpoenaed, you are required to go unless excused by the court, which wont happen.
Answer 2 :
If you've been served with a subpoena, that's a Court order to attend. I wouldn't ignore it.
Answer 3 :
I've been called as a witness a couple of times for court cases, gone down,sat there all day and then not been called to give evidence so chances are you won't be called any way.
Answer 4 :
If you have this little to say, chances are you won't even be called to the stand unless the guy fights every inch of the way so the prosecution has to show every scrap of evidence that relates to him being untrustworthy.
Answer 5 :
You answer the questions that are put to you and if your knowledge isn't helpful to anyone, you will be done quickly. However, the court cannot determine what the questions will be (or the answers) before the hearing. So, you have to go and see what happens. BTW, you may know more than you think. The object could be, for example, to show how long he had been answering the phone in a certain fashion. Ordinarily, a case is made by many witnesses, each adding small bits of information, not by one single witness who establishes all that needs to be established.
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Wednesday, June 1, 2011
What are the average salaries (each) for Chartered accountants, Chemical engineers and Professional Chemists?
What are the average salaries (each) for Chartered accountants, Chemical engineers and Professional Chemists?
What are the average and ranges of salaries of these jobs? (UK)
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accountant: Varies greatly but the starting salary can be around £24,000 (just after/during qualification) and then rises considerably. Partners in large firms can earn well over £100,000 plus bonuses. Varies from firm to firm. Chemical Engineer: Senior engineers can earn £40-70,000, the average being around £55,000. Starting salary = about £19,000 Professional Chemist: Trainees around 22k. Senior chemists (i.e. consultants) - 70 - 90K. Do the job you want to do, not just for the money. Hope this helps
Answer 2 :
This link shows median salaries for Accountants in the UK: http://www.payscale.com/research/UK/Job=Accountant/Salary/by_City&src=yahooA This one shows the median salaries for Chemical Engineers: http://www.payscale.com/research/UK/Job=Chemical_Engineer/Salary/by_City&src=yahooA And finally, median salaries for Chemists: http://www.payscale.com/research/UK/Job=Chemist/Salary/by_City&src=yahooA Of course, salaries vary greatly depending on numerous factors, including location, experience, and employment setting. To find more accurate salary data for a specific position, you can take PayScale's free salary survey. http://www.payscale.com/?src=yahooA Hope that helps, Assistant to Dr. Salary
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What are the average and ranges of salaries of these jobs? (UK)
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accountant: Varies greatly but the starting salary can be around £24,000 (just after/during qualification) and then rises considerably. Partners in large firms can earn well over £100,000 plus bonuses. Varies from firm to firm. Chemical Engineer: Senior engineers can earn £40-70,000, the average being around £55,000. Starting salary = about £19,000 Professional Chemist: Trainees around 22k. Senior chemists (i.e. consultants) - 70 - 90K. Do the job you want to do, not just for the money. Hope this helps
Answer 2 :
This link shows median salaries for Accountants in the UK: http://www.payscale.com/research/UK/Job=Accountant/Salary/by_City&src=yahooA This one shows the median salaries for Chemical Engineers: http://www.payscale.com/research/UK/Job=Chemical_Engineer/Salary/by_City&src=yahooA And finally, median salaries for Chemists: http://www.payscale.com/research/UK/Job=Chemist/Salary/by_City&src=yahooA Of course, salaries vary greatly depending on numerous factors, including location, experience, and employment setting. To find more accurate salary data for a specific position, you can take PayScale's free salary survey. http://www.payscale.com/?src=yahooA Hope that helps, Assistant to Dr. Salary
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