28 Nov 2023

How to Become Financial Consultant: 7+ Steps To Doing it Right


Articles - FOB,

Financial planning is a comprehensive process that entails creating and accomplishing financial objectives. It is a road map that will assist you in making informed financial decisions now to ensure your financial future. Financial planning considers your financial condition, income and expenses, debts and assets, risk tolerance, and financial goals.


The process of financial planning is continual. Because your financial circumstances and goals may vary, reviewing and updating your financial plan frequently is critical. You may consult a financial counselor to develop a financial strategy specific to your goals and circumstances.

What Does a Financial Consultant Do?

A financial consultant, often a financial counselor or planner, assists people and businesses in making sound financial decisions. They begin by examining the client’s financial condition, setting goals, and developing a complete plan that addresses investments, risk management, tax efficiency, and retirement. 


Financial advisors make suggestions based on the client’s risk tolerance and lives and update investment portfolios regularly based on market dynamics. They advise customers on insurance needs, tax preparation, and retirement strategies to ensure they are financially prepared for the future. Their obligations include estate planning, financial education, and adherence to industry standards. 


Consultants try to preserve ethical standards and stay up to speed on financial legislation, stressing a client-centric approach in their services, whether working individually or for financial institutions. Certifications in financial planning and investment management, such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA), are frequently used to demonstrate financial planning and investment management skills. 

How To Become Financial Consultant?

How To Become Financial Consultant?


Becoming a financial consultant requires a mix of education, experience, and skills. Here are the steps to becoming a financial consultant:

1. Obtain a Relevant Degree 

A bachelor’s degree in a related field such as finance, business, economics, or a similar discipline is required. To further their knowledge and credentials, some financial consultants may seek postgraduate degrees such as a master’s in business administration (MBA).

2. Gain Work Experience 

Get hands-on experience in the financial business. Internships, entry-level careers, or banking, investment management, or financial planning roles are all possibilities. Real-world experience is essential for gaining knowledge and credibility.

3. Develop Communication and Interpersonal Skills 

A financial consultant must communicate effectively. As you will be sharing challenging economic ideas with clients, you must develop good verbal and written communication skills. Develop interpersonal skills as well to create and sustain client connections.

4. Gain Financial Knowledge and Skills 

Learn about financial concepts, markets, and investing methods. Develop your knowledge of financial analysis, risk management, and financial planning. Keep up to date on industry trends and financial regulatory changes.

5. Network in the Industry 

Attend industry conferences, join professional organizations, and network with other financial professionals. Building a network can lead to mentorship, collaboration, and possible clients.

6. Obtain Professional Credentials

Consider earning relevant certificates to strengthen your credentials. Some typical financial consultant certifications include:

  • CFP (Certified Financial Planner)
  • CFA (Chartered Financial Analyst)
  • Certified Public Accountant (CPA) Chartered Investment Counselor (CIC)

These qualifications show a dedication to professional development and can boost your credibility with clients.

7. Consider Specialization

Consider specializing in a particular field of financial advising, such as retirement planning, estate planning, or investment management. Specialization might help you stand out and acquire clients with specialized financial requirements.

8. Comply with Regulatory standards 

Understand and follow the regulatory standards in your jurisdiction. One example is obtaining the required licenses and registrations to provide financial advice lawfully.

9. Build a Client Base 

Build your base as you earn expertise and qualifications. This could entail working for a financial firm or starting your consulting. To develop a favourable reputation and generate recommendations, provide excellent client service.

10. Maintain and adapt

With shifting legislation and market conditions, the financial industry is dynamic. Keep current on industry developments, legislation, and financial technology advancements. Adapt your strategies to match your clients’ changing needs.


Becoming a competent financial consultant is a long process that combines education, experience, and ongoing professional growth. Building trust with clients and adhering to ethical procedures are critical for long-term success in this industry.

Entrepreneurship at Sampoerna University

Sampoerna University is a fully accredited university in Indonesia that offers the best choice for those seeking excellent international education. We are a private, non-denominational, non-profit university licensed and certified by the Republic of Indonesia’s Ministry of Education, Culture, Research, and Technology. Formed according to national and international standards, Sampoerna University is qualified to contribute to society through education substantially.


Sampoerna University offers a range of entrepreneurship courses as part of its undergraduate programs. These courses focus on developing entrepreneurial skills, including opportunity recognition, business planning, marketing strategies, financial management, and innovation. Students learn to assess market feasibility, create business models, and develop sustainable business strategies. 


We also collaborate with industry partners, start-up incubators, and entrepreneurial organizations to provide students with practical exposure and real-world experiences. Through these partnerships, students can participate in internships, industry projects, and mentorship programs, gaining valuable insights into the business world and entrepreneurial practices. The University emphasizes entrepreneurship as a critical component of its educational approach. 


9 of 10 graduates get employed three months after graduation*. Immediately register to participate in the new student admissions process for the 2023-2024 year here. Our Admission Team will contact you soon to provide more detailed information.


Schedule with us whenever you want to visit campus tours on-site or virtual! 

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