Discover the complete step-by-step guide on how to become a financial advisor, from licensing exams to finding your first clients. Perfect for beginners and career changers.
Why Choose a Career as a Financial Advisor?
Becoming a financial advisor is one of the most rewarding career paths for those who enjoy helping people achieve financial stability and long-term goals. With flexible career options, growth potential, and the ability to make a meaningful impact, it’s no surprise many young graduates and career changers are entering this field.
But the journey can feel overwhelming without a clear roadmap. Below, we’ll break down the exact steps to help you launch your career with confidence.
Step 1 – Understand the Role of a Financial Advisor
Before diving in, it’s important to know what financial advisors actually do.
- Help clients with retirement planning, investments, insurance, and budgeting.
- Build long-term relationships based on trust.
- Stay current with regulations and financial products.
👉 Tip: Think of financial advising as more than crunching numbers—it’s about guiding people through some of their most important life decisions.
Step 2 – Educational Requirements & Certifications
While you don’t always need a finance degree, having a background in business, economics, or accounting can be an advantage. More importantly, you’ll need the proper certifications and licenses.
Common certifications include:
- Series 7 & Series 66 Licenses (for U.S. advisors).
- Certified Financial Planner (CFP®) designation (for credibility).
- There are different entry ways into the field, these are just common ones.
👉 Tip for Career Changers: Don’t let a non-finance background hold you back. Many transferable skills—like communication, sales, or teaching—can give you an edge.
Step 3 – Pass Your Licensing Exams
Most advisory roles require passing exams regulated by FINRA or equivalent organizations. These exams ensure you’re qualified to sell investments, insurance, or provide financial advice.
How to prepare:
- Create a study schedule (2–3 hours daily).
- Use prep courses, flashcards, and practice tests.
- Join a study group for accountability.
Step 4 – Gain Practical Experience
Classroom knowledge is one thing—real-world experience is another. Consider these paths:
- Entry-level positions at financial firms.
- Internships or apprenticeships.
- Shadowing experienced advisors.
This stage is about learning the business and building confidence in client interactions.
Step 5 – Find Your First Clients
Client acquisition is often the toughest hurdle for new advisors. But with the right approach, you can build your book of business faster than you think.
Prospecting strategies for beginners:
- Start with your personal network (friends, family, alumni).
- Leverage LinkedIn and social media.
- Attend local business events and networking groups.
- Offer free workshops or webinars to showcase your knowledge.
👉 Tip: Building trust early is more important than landing big accounts right away. Focus on quality relationships.
Common Challenges for Beginners (and How to Overcome Them)
- Imposter syndrome: Find a mentor who’s been in your shoes.
- Client rejections: Treat every “no” as practice for the next opportunity.
- Information overload: Stick to a structured training program instead of trying to learn everything at once.
Final Thoughts: Starting Your Journey with Confidence
Becoming a financial advisor is a journey that requires education, exams, experience, and persistence. But with the right roadmap—and support from mentors—you can launch a rewarding career that combines financial expertise with helping others succeed.
If you’re serious about becoming a financial advisor and want a clear training path, mentorship, and a supportive community, join us at Behind The Advisor Academy.
