Inquiry About Financial Planning Career Opportunities
I recently had a conversation with a company regarding a potential position as a financial planner. They mentioned that they would cover the costs for me to take the Series 7, Series 66, and SIE exams. What sets them apart from other firms is that they allow you to both sell insurance and provide financial planning services without requiring you to sell their specific products. This approach seems genuinely focused on helping clients rather than simply pushing certain products.
Currently, I’m working as a teacher, and I believe I would enjoy this new role. Do you think it’s feasible to study for these exams while maintaining a full-time teaching job? Additionally, is it realistic to start as a financial planner while still employed? I could dedicate full-time hours to it over the summer as well.
One concern I have is client acquisition. The representative mentioned that the company provides a list, but emphasized the importance of building my own network of clients who I can connect with.
Ultimately, I’m unsure whether I should leave my teaching position or if I can manage to grow my client base while still working as a teacher. Any advice would be appreciated!
One response
It sounds like you’re at an exciting crossroads! Transitioning from teaching to financial planning can be a rewarding move, especially if you enjoy helping people achieve better financial health. Here are some thoughts to consider regarding your questions:
Studying for Certification Tests: It is certainly possible to study for the Series 7, Series 66, and SIE tests while working full-time as a teacher. Many people manage to balance work and study by creating a structured schedule. You can allocate specific hours in the evenings or weekends for studying and then take advantage of the summer to focus more intensively.
Starting as a Financial Planner: Transitioning to financial planning while still teaching can be challenging but not impossible. If you’re willing to put in the time, starting part-time can help you gauge your interest in the field without giving up your current job. You may want to consider taking on fewer teaching responsibilities if possible or incorporating financial planning into your existing schedule gradually.
Finding Clients: Building a client list is one of the key challenges in starting any sales or consultancy-based role. While the company may provide you with leads, it’s important to develop your own network for sustainable growth. Start by leveraging your existing connections—friends, family, colleagues, and the communities you’re part of. Consider reaching out to local organizations or groups you relate to. Networking events, social media, and professional organizations can also provide opportunities to meet potential clients.
Quitting Your Job: Deciding whether to leave teaching for financial planning is a significant decision. It might be wise to keep your current job while you build your client base and gradually assess your success in financial planning. This way, you maintain a financial safety net as you transition.
In summary, it is feasible to balance this opportunity with your teaching career, at least in the beginning. Take your time to evaluate how it impacts your lifestyle and happiness. Good luck with your journey in financial planning!