Is it possible to become a financial advisor through online universities?
Asked by justin t
I'm considering studying for a career as a financial advisor, but at this point in life (age 26), and the fact that I am busy with a job in sales, I don't think I'll have the time to attend a university. Is it possible to mainly study for this by getting a finance degree through an online university, and if so, which would be recommended?

Best Answer:
Yes. You can study online for any and all licenses that are required to become a Financial Advisor. There is much less education than most people imagine necessary to become a FA (Financial Advisor)...a degree in Finance or related field of study is NOT necessary. (Common misconception) Passing a Series 7 test (avg 30-33% failure rate) is the main criteria...and typically, depending on your state laws, a couple other "easier" tests. Essentially, unless you pursue "extra" education you will simply be exchanging one sales job for another. Please pursue additional education and knowledge to better help your clients through every venue possible. I suggest "The American College" (available online) which is the originating source of the CFP designation along with many other "valid" credentials recognized by EVERY financial institution. Keep in mind that you must NOW have a Bachelor's Degree in "any" field in order to finally receive the CFP designation...if you haven't finished one yet...you can take the CFP courses while also completing your degree. There are also "training" programs available through various firms...but they are essentially "sales training" programs and the educational aspects end where the "studying for the licenses you need" ends. F.Y.I....I also made the career change around 26 years of age...and love what I do...but then again, I watch FOMC meetings in reruns for the "kicks and giggles" entertainment value of them....they truly are fascinating if you understand the intracacies of what is being discussed. Series 7 study materials "most used" by Wall Street firms (like the one I started with) are available at: www.dearborn.com www.kaplan.com www.amercoll.edu (The American College for extras!)
I am a "Financial Advisor" (with 7 securities and insurance licenses and 5 additional certifications...I won't bore you with the rest)
Answered by MJM

You may be able to do it. But if I were hiring a financial adviser, I think I'd want one that did more than study on-line.
Answered by Angie

Actually I am in exactly the same boat, and I have done some research. I don't think you need an actual degree, a lot of legit schools have online "certificate" programs that are enough schooling for you to sit for the CFP exam, and from there you should be pretty good to go.
Answered by blue01cobra

A number of private institutions like Symbiosis, offer such course, and the corporate bodies of repute do recognize such courses.
Answered by V.T.V.RAM

It may be possible to become a financial advisro through an online university? However, you may consider a major financial services company who provides on-the-job training to obtain the necessary licenses to become a FInancial Advisor such as a series 5, 7, 63 etc. Search for "Financial Advisor" "Financial Consultant" or "Licensed Personal Banker" positions at www.wellsfargo.com (CAREERS). Wells Fargo is the oldest bank in the West. They have 23 million clients, AAA rates, and over 6,200 store locations. Here are some additional resources for you: www.careerbank.com www.jobsinthemoney.com www.bankjobs.com www.mrinetwork.com www.monster.com A position in the financial services industry provides a great career path. GOOD LUCK! :-)
Answered by JEDI Master YODA