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| *The Commerce Journal>>>Financial Services |
HELP: financial advisor vs financial consultant/representative? |
whats the differece between a financial consultant/representative who works at a fidelity brokerage house (or any brokerage firm) and a financial advisor who works with New York Life, Met Life, Northwestern Mutual etc. I'm searching for financial consulting jobs with brokerage firms, but the searches always bring up financial advisor/sales jobs with many well known insurance companies. Help Good questions, and the answers are rather complex. Terms such as "consultant" are thrown around a lot. What really matters is how you are regulated. If you work for a brokerage firm, you need what's called a Series 7--and possibly some others. This is a license to sell stocks on commission and work under the supervision of a brokerage house. You would be a "registered representative." You will have to be very much specific while coversing with the placement consultants. |
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