November 3, 2021

How to Begin Working From Home

By 4l1m3nt4z10n3

The financial planning profession has grown exponentially in the past few decades. One reason for this is the increased public awareness of the need for sound financial advice from trained and knowledgeable professionals.

Many financial planners and firms are responding to this demand with increased mobility, online support, and other forms of technological assistance. These innovations have allowed a small but growing number of financial planners to carve out a new niche in their profession by working from home, either part or full time.

Becoming a financial planner can be a lucrative career move, helping people with their investments and personal finances.
Once based out of traditional offices, several new platforms allow financial planners to work remotely from home.
Financial planners who decide to work remotely as freelancers often experience a new level of personal autonomy and flexibility.
The downsides of self-employment for financial planners include a lack of guaranteed income and no fringe benefits.
Online-based financial advisory companies can be a good source of employment for financial planners looking to work from home.

Although this trend started in many other areas such as the travel industry, it was initially slower to take hold in the financial community because some clients required a level of personalized service and advice that had traditionally been available only through face-to-face contact. But technology has reached the point where planners can work effectively with clients online and provide advice and information via phone, email, and video conferencing.

The number of websites that allow clients with relatively simple financial situations to enter their information and receive personalized recommendations and advice is growing rapidly along with the array of products and services that these sites provide.

Planners who choose to work for firms that offer online advice may still have to spend at least some time in an office, but in many cases, this arrangement will allow them to avoid the daily nine to five grind. Anyone who has the proper licensure and credentials just needs a computer, Internet access, and a space to work at home in order to conduct business.

Some planners will meet clients in person by appointment for an introductory meeting and then communicate with them via phone or online from then on, while other planners work exclusively from home and may never see the majority of their clients in person, depending upon their firm’s policy.

Some planners may also be able to meet with clients directly in their (the planners’) homes if they have the means to create a separate office and meeting area at their residence. Of course, working from home has always been an option to some extent, but in times past this generally required a regular commute to a central office to deliver paperwork and accomplish other tasks. While this is still sometimes necessary, new data-sharing technology such as Dropbox has made it much easier to transmit and share documentation electronically.