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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."

If you sell insurance, you will be license by your state, and again, work under the authority of an insurance company.

An "investment advisor" is any firm that offers investment advice for money. These firms are licensed by local state authorities, or, if they are larger enough, the SEC. An individual who offers advice on behalf of such a firm is an investment advisor representative.

You can be BOTH a registered rep and an investment advisor representative.

If you want to work for a brokerage house, find out who has training programs. Some may help you get your Series 7. I don't think the exam is very difficult but you have to be focused to succeed.

You will have to be very much specific while coversing with the placement consultants.
It is only due to the privatisation that the bancassaurance channels have started and to show them selves professional they use the term FSC but only sell insurance.
Any ways if you stroll around the ShareMarket at the Dalal Street you will get many companies and also a suitable job.May be I know one of them their name is Karvy Stock Broking Firm-Opp-Kalaghoda near Stock Market.

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