Do you Have What it Takes to Start a Career in Wealth Management?

Do you Have What it Takes to Start a Career in Wealth Management? PR Newswire LONDON, August 20, 2012 LONDON, August 20, 2012 /PRNewswire/ -- For many, the career path you choose at 18 or 21 can often dictate the next 40 years of your working life. As you gain more qualifications and salary, and your knowledge and experience of your industry grows, you slip into your "comfort zone" and perhaps lack the confidence to challenge your self-imposed status quo. Making a career change, whether enforced through redundancy, or voluntarily through a desire to explore new horizons, can be a daunting prospect. However, taking that "leap of faith" may not be the chasm you fear. Consider, for example, a career in wealth management. You may think that this would take intense study and a deep-seated interest in economics, but this is only partly true. Yes, of course, you need to be well-informed and have a good grasp of what's happening in the wider financial landscape, but this knowledge can be gained and awareness maintained. Indeed, the forthcoming implementation of the Retail Distribution Review (RDR) which requires all financial advisers to meet diploma-level qualifications by the end of the year in order to carry on practising in 2013 and beyond, has compelled providers to step up their game in the Training and Development department, or face an adviser exodus. What's not so easily learned, however, is personality and charisma. Wealth management is essentially a "people-business".