Financial Investments

How do I become a financial planner in banks (Full Guide)

To become a financial planner in the bank, you must first of all, understand who a financial planner is, the duties of a financial planner and what to do to become one. 

Who is a Financial Planner?

A financial planner is an expert who works with people and organizations to develop a plan to achieve long-term financial objectives

To become a financial planner in a bank, you must have a bachelor’s degree in accounting, finance, economics, business, mathematics, or law.  

Since we are rooting for you to become a financial planner in a bank, you should develop personalized financial plans for your clients, including estate planning, saving for children’s college expenses, and retirement planning.

You must be willing to help people manage their money while sorting through their financial matters.

What is the difference between a financial planner and a financial advisor?

A financial planner is a specialist who assists people and organizations in developing a plan to achieve long-term financial objectives. Brokers, money managers, insurance agents, and bankers can also fall under the umbrella term “financial adviser,” which is more inclusive. The regulation of financial advisors is not handled by a single organization.

This is a general phrase for a person who assists you in managing your money. The adviser receives payment from you in exchange for their assistance with a variety of monetary chores. A financial advisor, sometimes written as “adviser,” can assist with managing investments, purchasing or selling stocks, and drafting elaborate estate and tax plans.

The word “financial adviser” broadly refers to a variety of occupations, including stockbrokers, insurance brokers, money managers, estate planners, bankers, and more. Financial advisors with a focus on securities include investment advisors.

What are the roles of a sales advisor in an investment bank?

Sale advisors in investment banks are also termed investment banking sales agents, whose roles include buying and selling orders for stocks, bonds, and commodities from clients and making trades on behalf of the firm itself. 

Courses needed to become a financial planner?

Here are the courses needed to become a financial planner:

  • Investments
  • Taxes
  • Estate planning
  • Risk management.

How do I become a certified financial planner in bank?

You need to have completed some high-level courses in economics, law, and risk management to become a certified financial planner. You also have to pass the CFP board exam, which is significant. 

Certified Financial Planner (CFP) is a formal recognition of expertise in the areas of financial planning, taxes, insurance, estate planning, and retirement.

The Certified Financial Planner Board of Standards, Inc. owns and grants the designation. It is given to people who pass the CFP Board’s initial exams and continue with annual education programs to maintain their knowledge and certification.

The CFP Board states that the requirement consists of two main components: finishing CFP Board-approved coursework and earning a bachelor’s degree in any discipline from an accredited college or university.  You must complete coursework at the college or university level through a CFP Board Registered Program in order to receive your certification.

Professional Conduct and Regulation, General Principles of Financial Planning, Risk Management and Insurance Planning, Investment Planning, Tax Planning, Retirement Savings and Income Planning, Estate Planning, Psychology of Financial Planning, and Financial Plan Development (Capstone Course) are the key areas of personal financial planning you’ll gain a thorough understanding of.

You must verify that you hold a bachelor’s degree or higher from an accredited college or university (accreditation must be recognized by the U.S. Department of Education at the time the degree is awarded) to fulfil the second part of the CFP certification education requirement. The degree may be in any discipline and must be completed either before you pass the CFP exam, or within 5 years after you pass it.

How do I choose a financial advisor?

Find a specialist adviser if you want guidance in a certain field. Meet with a variety of prospective advisors. Ask your loved ones if they can recommend a good advisor. Select a professional whose experience, knowledge, and qualifications you are certain will enable you to achieve your financial objectives.

You are more likely to gain from a financial planner if your financial position is complex. You might be able to use a DIY strategy if your finances are straightforward.


Summarily, to become a financial planner in a bank, having a bachelor’s degree in accounting, finance, economics, business, mathematics, or law is considered very important. Hope you got value on the topic of how to become a financial planner in banks and everything you need to know about it.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button