The life of a financial advisor can be challenging as it can also lead to success. Financial advisors are the top producers in their organizations in the form of client funds and need to contain their emotions in order to be successful (Weisinger, 2004). This is important as it allows the employee have a positive attitude that improves the company’s future outlook. The occupation of a financial advisor requires daily adjustments as each day is different. The beginning of a young person’s career is vitally important as they should develop a trust with their client. A financial advisor’s duty is to build a long term relationship with a customer, and to help guide them with their personal finances. According to multiple motivational speakers, …show more content…
Advisors in today’s society are going through a variety of issues, which are causing the working conditions to become uncertain. The reason for some of the issues is because of the vast increase of people being deprived of access to independent advice of financial situations. This is considered through the Retail Distribution Review (RDR) which introduces a new form of investments for clients. The possibility of this occurring in society is quite low; however each day increases the opportunity for people to be deprived of their personal access to advisers (Cicutti, 2011, p 30). The opportunity of deprivation causes financial advisors working conditions to decrease as tensions arise between both the advisor and the …show more content…
The first is that robotics will be doing a lot of today’s manual labor by itself over the next decade (Kehoe, 2015, Nov 12). This is because of the increase that robotics brings in the form of less time it takes to finish a task, and the cut in pay rolls which allows for a higher profit margin. The second deals with the earnings being a recent controversial issue. This is done through the issues of the amount an advisor should be paid based on fees and commissions (Marching, 2003, p 18). According to the article, over the last decade, there has been an increase in the amount of money in fees an advisor is rewarded, as this is higher than the commission value to employees. This is a big step to the future in the amount of money a financial advisor should expect to
Both of these two chapters analyze the effects of automation on two different types of professions. I found it interesting that individuals working as reservation agents find it easier to cope with automation than McDonald's employees. I guess this is due to the fact that reservation agents are allowed to practice a little more individual thinking than someone waiting for a buzzer telling him or her when to flip a meat patty.
After reading this article, it is apparent that Suze Orman can relate herself to any topic that she is presented with. She is also able to relate to whatever audience is sitting in front of her or reading her books or articles. Her increasing reputable reputation has earned her a spot at the top, “a two-time Emmy Award-winning television host, New York Times mega bestselling author, magazine and online columnist, writer/producer and one of the top motivational speakers in the world today, Orman is undeniably America's most recognized expert on personal finance” (CNBC). Considering all her awards and accomplishments it is no wonder that Suze Orman has earned her reputation of being a financial guru.
The idea that machines will soon replace a vast amount of jobs terrifies most of the population. However, David Autor, an economist at the Massachusetts Institute of Technology, argues that while the increase in robots/machines will eliminate a few occupations in the future, it will not take away all jobs. In fact, he believes that automation “creates wealth by allowing us to do more work in less time”. Autor supports his argument through use of statistics, facts, and real-life examples.
I think that at some point in every person’s life they will have thought of how robots are going to someday take over the world. Most people love robots or even the thought of one. Whether it is a phone or the idea of one taking the stressful job no one wants to take. But, people are only thinking about how robots are benefiting them now not so much about how they can also affect future life in a negative way. In Kevin Kelly’s article, “Better Than Human: Why Robots Will -- and Must -- Take Our Jobs,” he writes about the increasing of automation in the workplace. He believes that it must occur because it will benefit our society and increase productivity. Although Kelly decided to write about a situation that needs to be addressed and instilled many solid examples, his writing will not impact the opinion a person already has on the topic.
Robots are important to humans in the workforce, even though, it may not appear so. In Better than Humans: Why Robots Will- and Must- Take Our Jobs, Kelly initially unsettles the reader by noting that our, “job [will be] taken by machines”- if not already taken (Kelly 300). The reason why
The freedom of individual choice is not particularly useful when a number of surveys have show that most people lack the knowledge to make even basic decisions about investing. For example, a Securities and Exchange Commission report synthesizing surveys of investors found that only 14 percent knew the difference between a growth stock and an income stock, and just 38 percent understood that when interest rates rise, bond prices go down (Anrig). Hiring a professional financial advisor to consult individuals would be an additional cost which they may not be able to
As we move on in time more advancement in technology such as robots are being created to work in the labor force like never seen before. Meaning that employment rates are going to be affected since right now these advancements in technology are replacing labor jobs especially those in factories. As mentioned in the “World without Work” by Derek Thompson the senior editor at the Alantic, “Technology could exert a slow but continual downward pressure on the value and availability of work.” Thompson argues how in the present and in the upcoming future technological devices such as robots will decrease the amount of jobs since it is already happening in factories today. Such as the Ford Motor Company were robots replaced many labor workers already,
Many Personal Financial Advisors will choose later on to obtain different arrays of licenses, certifications and registrations. These allow the Advisor to sell or buy different stocks, to sell insurance, or to advise on specific cases in the financial world. These licenses and certifications can also help to build a resume, bring in more clients, and to improve the reputation of a Personal Financial Advisor. On common such certification is the Certified Financial Planner Board of Standards In addition to these, many larger firms or government regulations will require Personal Financial Advisors to register for things such as the Securities and Exchange Commision, or the North American Securities Administrators Association. There is always room to grow and improve in the field of Personal Financial Advising, and Ronald E. Osborne sums up the potential for growing in this industry by saying, “Unless you do something beyond what you’ve already mastered, you will never
My God there are so many careers out there, who in the world can pick just one. That’s what’s been weighing on my mind heavily is what career is right for me. I’ve thought of a couple that interest me but I want to find out everything there is to know about a financial advisor. The reason that I’m interested in this field is how everything is the same when it comes to the actually math behind the career. Also I like to deal with people and money so a job as a financial advisor just seems right for me but I intend to find out as much as I can to make sure there’s nothing surprising or any kinks in what sounds like the perfect job for me.
...n will also be very necessary and last it requires looking at a lot of charts and graphs. All of my questions got answered while doing this research which is great. While doing this research though, it sparked a new question in my mind. This question is what is the average work week for a financial advisor? My thoughts on this career have definitely changes after doing research into this career. I only kind of wanted to do this job but, when I was done doing the research I really want to go into this career field it is bizarre or fantastic. Now that I have information from researching I am going to be putting guidelines together for success. The next steps are for me to start taking classes in high school that will go with this career. Then, after high school I will go straight into college to study for my major in finance but, for now I am embryonic or undeveloped.
Throughout his article he uses charts, lists, and pictures to display the influence of robots in modern society. One example would be his predicted list of steps that go through possible outcomes that would occur as robots are integrated into our society and begin to take our jobs. The beginning and end of the list both state “I am so glad a robot/computer cannot possibly do what I do now” (311). This shows how people have no reason to fear robots or computers taking our current jobs since everyone will eventually adapt and find new occupations leading them to be back where they started. By using a layout which presents information in a format that makes readers view increased automation in a positive rather than sinister way, the audience will be more inclined to believe and support his argument.
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
This career peaks my interest since in this role I will have the opportunity to construct my future and I will never stop learning. The constant innovation in finance is commonplace and it creates a work-day that is fast paced and so with this career, I see a promising future. This career interests me also because I will have the chance to practice what I have learned in school and the career places a premium on consistent results, rigorous analytical ideas or thoughts,
Most critical to this discussion is a clear understanding of what a financial manager is and does and how his or her role aids in helping to establish the valuation of a corporate entity in today's global financial market. Quite simply, a financial manager helps to measure a company's market value and its risk while also helping to systematically reduce its costs and the time necessary to make informed decisions regarding objective driven operations. This is quite a demanding game plan for an individual and most often financial managers, in the corporate world, work in cooperation with a team of financial experts. Each member of that team perhaps having expertise in differing areas of activity, but each however, being no less expert in his or her respective area of endeavors in behalf of the corporation. The team is assembled under the direction of the officer know in the corporation as the Chief Financial Officer who today is becoming increasingly indispensable to the CEO who directs a modern model of action driven, bottom-line oriented corporate activity (Couto, Neilson, 2004). One can accurately state that the role of the competent and capable financial manager is figuratively worth its weight in gold.
With technology advancing every day, the way people shop and invest their money has drastically changed. This is impacting financial professionals as