dcsimg

Career Story: Self-Employed Insurance And Investment Advisor

Self-Employed Insurance And Investment Advisor

Job Title: Insurance & Investment Advisor

Type of Company: I am self employed with a staff of three and two associates

Education: BA, American University •• Masters in Public Administration, NYU

Previous Experience: Hospital Administrator at major teaching hospitals through '70's, in financial services business since 1980.

Job Tasks: I am a service provider. People need guidance and a road map to meet their financial goals. I meet with them and identify their goals and objectives such as when they want to be financially independent, how much they will need for that to happen, while saving for children's education and living in today's world.

I work with individuals, small businesses, high net worth individuals through their attorneys and accountants, and not-for-profit health care facilities. This diversity of clientele provides me with a vast knowledge base of employee benefits, tax efficient savings methodologies, charitable tax planning, estate planning, deferred compensation and executive benefit planning.

Additionally, I am actively involved in providing health insurance for small businesses. This, as we all know, is a very controversial and technically challenging arena for employers and employees alike. It is my job to customize the most cost efficient programs for both groups. On an annual basis I am asked to measure the cost-benefits of health plans to assure that the costs are kept as low as possible.

This last aspect of my work keeps me up to date on the Health and Medical Insurance world with my clients interests kept in focus.

Best and Worst Parts of the Job: I cannot characterize any aspect of my work as "worst". While there are parts that I like the least including the service work, I am forever grateful for the trust and confidence that my clientele put in me to protect their families and businesses. The best aspect of my work is that I am self employed and can work as hard as I want and reap the associated rewards from this.

Job Tips: The main piece of advice to enter the financial services industry is to have patience. The second part is to absorb as much knowledge as you can. It takes 3-5 years to build a business and my experience is that it will take at least that to build a successful career.

Additional Thoughts: I have been surprised that I cannot control people's buying habits. I cannot control people's fears and adversities. I cannot predict when people will need me - the fact is that everyone does at some time in their life. It is this fact that has driven me for almost 29 years.

Popular Schools offering Financial Planning Programs

 
Results:  10
Matching School Ads

100% online degrees from Ashford University

Selected Campus Locations:
  • Online

There's still time to apply to Grand Canyon University and pursue your education. Learn more today!

Selected Campus Locations:
  • Online

Colorado State University-Global Campus

Colorado State University-Global Campus (CSU-Global) offers career relevant bachelor’s and master’s degree programs for working adults and nontraditional learners.

Selected Campus Locations:
  • Online
Selected Programs:
  • Master in Finance

100% Online & No Standardized Testing

Selected Campus Locations:
  • Online

About Georgetown University
Georgetown University is a private, not-for-profit, accredited university located in Washington, DC. Founded in 1789 by John Carroll, Georgetown is America's oldest Catholic and Jesuit University. Today, Georgetown is a major international research university. It has nine schools, an affiliated hospital and many highly-ranked graduate programs.Georgetown University Online

Selected Campus Locations:
  • Online

At Post University, we believe you shouldn’t have to put your life on hold to further your education.

Selected Campus Locations:
  • Online

The University of Scranton has grounded its education in Catholic and Jesuit principles based on intellectual growth and integrity, all of which shape the online master’s and certificate programs. You can choose one of five degree programs from a selective institution ranked among the top 10 master’s universities in the North by U.S. News & World Report.

Selected Campus Locations:
  • Online

Utica College, founded in 1946, is a comprehensive private institution located in upstate central New York.  The College offers regionally accredited online certificates, bachelors, masters, and doctoral degrees in healthcare, cybersecurity, financial crime, nursing, physical therapy, business, criminal justice, and data science.  All courses are taught by credentialed, highly experienced faculty with significant and ongoing accomplishments in their respective fields.

Selected Campus Locations:
  • Online
Selected Programs:
  • MBA - Finance/Accounting

Founded in 1887, Benedictine University is dedicated to the education of undergraduate and graduate students. Benedictine is regionally accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools (NCA).

Selected Campus Locations:
  • Online

The University of Delaware’s tradition of proven academic excellence in online learning brings together expert faculty, experiential learning, and the flexible access online learning offers.

Selected Campus Locations:
  • Online

Additional Career Stories for Personal Financial Advisors

The inside stories from people actually working in the field.
Click a story title to show the story, and click the title again to hide it.

All Types

You are visiting:

What are Career Stories?

Career Stories are concise, real-world career overviews written by people relating their personal career experiences and wisdom. They provide invaluable insights and mentoring advice to students and career changers.

Most stories include:

  • a typical day or project
  • tips and advice
  • best and worst parts
  • educational background
  • previous experience

Browse hundreds of Career Stories

More Details On This Career

Please also see our detailed information about Personal Financial Advisors, including:

Back to Top