The average pay for a Financial Advisor Trainee is £8.32 per hour.
The average pay for a Financial Advisor Trainee is £22,193 per year.
|Salary||£16,000 - £30,701|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|£15,594 - £38,740|
Job Description for Financial Advisor Trainee
The job of the financial advisor trainee is somewhat like an apprenticeship, as they learn the ropes and understand the nuances of becoming a financial advisor. The trainee will learn all there is to know about the business, including business management, client sales, investments, and more. But while financial advisor trainees are expanding their knowledge, they are also able to interact and develop their own client relationships.Read More...
The job typically requires the trainee to meet with clients and determine both the needs and objectives of their investments. Trainees will be given guidelines to follow to ensure they are able to increase sales while staying in compliance with company regulations.
While the trainee job is somewhat autonomous, they still report to their direct supervisor to ensure they are following company guidelines and meeting necessary goals. They may occasionally work alongside other trainees, so teamwork skills can certainly contribute to success in this position.
A Bachelor's degree is considered a minimum educational requirement. Companies are often looking for those who have backgrounds in finance or banking and, depending on the company, may require individuals to hold certain licenses or designations. It is also beneficial for applicants to have good customer service/social skills, as they will be interacting with clients on a daily basis.
Financial advisor trainees generally work regular company hours, though they may occasionally have to work after-hours or on weekends to achieve company goals. (Copyright 2019 PayScale.com)
Financial Advisor Trainee Job Listings
Key Stats for Financial Advisor Trainee