AboutWarren Boroson Expertise Author of "Keys to Investing in Mutual Funds" (Barrons), "Ultimate Mutual Fund Guide" (Probus), "How to Pick Stocks Like Warren Buffett" (JKLasser), and "The Reverse Mortgage Advantage" (McGraw-Hill). Former financial columnist for Gannett News Service.
Experience Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD) about mutual funds and a newsletter, FundDigest.
Question who advices invester about mutual fund
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I want to became a mutual fund adviser what is it process.
thanking you
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What do you mean by "adviser"? A portfolio manager for a mutual fund or someone who advises investors aabout mutual funds?
When I receive your answer, I can answer your question.
Answer Dear Ritn:
Anyone can practice financial planning (in most states), without certification. Just call yourself a financial planner.
But to give investment advice, you might consider becoming a Certified Financial Planner. This is one of the best certifications for people interested in a career giving people advice about mutual funds.
Here's an article on the subject:
Become a Financial Planner
by Dona DeZube
Monster Finance Careers Expert
One of the most popular questions I get goes something like this: "I'm really good at making investments and want to become a personal financial planner. How do I get started?"
The real answer in most cases is that you don't have to do much of anything except decide you're a financial planner and hang out your shingle. With some exceptions, most states and the federal government don't set any standards for what a financial planner must know before he sets out to help others get their fiscal houses in order.
Credibility
However, if you opt for accreditation, you'll need to take classes and pass an exam. It's up to you where you take your classes and exam. Some entrants into the field go directly to large employers such as Edward Jones or American Express, where they receive training and go on to take one of the exams offered by the National Association of Securities Dealers.
Others seek a degree from one of approximately 285 colleges and universities that offer preparation for the Certified Financial Planner Board of Standards' Certified Financial Planner exam. Those who get the CFP designation, which requires three years of qualifying full-time work experience, promise to follow a set of ethics and meet continuing-education requirements. In addition, you might decide you want to be a Chartered Financial Consultant. You can earn this credential by attending a program offered by The American College in Pennsylvania.
Some fee-only financial planners belong to the National Association of Personal Financial Advisors. There are also those who earn commissions by selling financial services and are typically called financial advisors.
The Fastest Road
The quickest route into the field is to sign on with a financial services company. One example is investment firm Edward Jones, which hires both recent college graduates and mid-career professionals looking for a change. Chris Gilkison, general partner for sales hiring and market analysis at Edward Jones, notes that all of the company's successful applicants share a demonstrated commitment to intense training and a long-term business plan. All new unlicensed hires go through a four-month program and then more training after they pass the exam.
Recipe for Success
There are many opportunities for rejection along the way to becoming a financial planner, but those who are likely to succeed in this field love both sales and investment planning.
"They have to like the business they're in, and part of that is sitting down and putting together a diversified portfolio to solve the customer's needs," says Gilkison. "You have to be energized by that. But if portfolio modeling is the only thing you're interested in, you're probably not going to be successful at this, because you have to be able to establish rapport to have enough customers to succeed."
