The financial market has shown a remarkable level of expansion
The Brazilian stock exchange (B3), for example, increased from 1 million investors in 2019 to over 5 million in 2022. Therefore, understanding the reasons to work in the financial market can be intriguing.
Furthermore, you can capitalize on the growing demand for investment and personal finance solutions.
Moreover, there are various careers to pursue within this sector, each with distinct responsibilities, modes of operation, and potential earnings. This allows you to choose the profession that aligns most with your goals.
Below, discover why working in the financial market through these 4 professions can be beneficial!
Investment Consultant
The investment consultant, previously known as a autonomous investment agent (AAI), is a key professional in the financial market who works directly with investors.
Among their responsibilities is presenting and sharing investment options from the financial institution they are affiliated with.
For instance, a consultant linked to a brokerage firm or investment bank will provide the available options in the institution’s portfolio and the stock exchange.
To do so, they must consider specific characteristics of the investor, their risk tolerance level, and individual financial objectives.
It’s important to note that the consultant cannot recommend investments or execute transactions on behalf of investors.
Their role is to provide information objectively, so that the investor has maximum reliable knowledge to make their decisions.
The consultant’s compensation is paid by the financial institution and depends on the types of investments the consultant’s clients have in their portfolios. At the same time, earnings can likely increase by attracting more clients.
How to Become an Investment Consultant?
To become an investment consultant, one of the requirements is to be certified through the National Association of Brokers and Distributors of Securities, Exchange, and Commodities (Ancord) examination.
This certification ensures that the professional possesses the necessary knowledge to perform their role. It’s also necessary to register with the Securities and Exchange Commission (CVM).
Banking Institution Manager
When considering why to work in the financial market, exploring the role of a banking institution manager is also worth considering.
This professional plays crucial roles within banking institutions, overseeing the activities of various company employees.
Additionally, they may interact directly with clients, assisting with problem-solving and selecting investment opportunities, for example.
In this case, the professional may be responsible for presenting the available options within the banking institution, as well as facilitating clients’ investment transactions. However, their role is not limited solely to investments.
The manager also focuses on activities related to account openings and credit lines through loans or financing.
The compensation for a banking institution manager usually consists of a fixed salary. However, bonuses and commissions may also be provided, for instance.
How to Become a Banking Institution Manager?
Regarding certifications, many institutions often require some of the following:
Possession of the ANBIMA Series-10 Certification (CPA-10) Possession of the ANBIMA Series-20 Certification (CPA-20)
Both are offered by the Brazilian Association of Financial and Capital Markets Entities (ANBIMA).
CPA-10 is the more basic certification and is useful for financial market enthusiasts and those working with financial product distribution. On the other hand, CPA-20 covers the knowledge and activities of CPA-10 and is also aimed at high-income clients and the private segment.
Financial Planner
Being a financial planner is another option you can consider for working in the market. This professional has a unique focus on organizing finances and developing investment plans that meet clients’ needs.
For individuals, the financial planner concentrates on personal finance intricacies.
In this way, they can help structure and organize day-to-day spending, tailored to each client’s individual interests and goals.
The financial planner can also facilitate clients’ more efficient investment, with the aim of increasing or strengthening their assets, for example.
Depending on the situation, this can also contribute to achieving different goals set in the plan.
Furthermore, the professional plays an important role in tax planning, retirement, and even estate succession.
As such, they are particularly relevant to achieving and maintaining the organization of resources, which are strategically used.
Often, the financial planner receives compensation based on the client’s assets. The percentage to be paid is agreed upon between the parties before the work begins.
Financial Advisor
The financial advisor is another professional who works closely with the investor, aiming to help them achieve the best possible results with their funds. To do so, they provide guidance and create investment plans and strategies.
In other words, in addition to helping the investor manage their finances, the advisor can advise them on which investments to choose and how to adjust their strategy to achieve desired goals.
The financial advisor can also offer advice on using funds in various situations. For example, they can help clients find legal ways to reduce taxes.
Similar to financial planners, advisors are generally compensated based on a percentage of the invested or available assets.
How to Become a Financial Advisor?
To work as a financial advisor, it’s ideal to obtain the ANBIMA Certification for Investment Specialists (CEA).
This certificate is granted to those who advise individual account managers and those who plan to